ASM Avino Silver And Gold Mines Ltd (delisted)

Avino Silver & Gold Mines Ltd. (the "Company") (TSX
VENTURE:ASM)(OTCBB:ASGMF)(BERLIN:GV6)(FRANKFURT:GV6) is pleased to announce that
it has arranged a private placement of up to 2,700,000 units at a price of $1.90
per unit, each unit consisting of one common share and one non-transferrable
share purchase warrant. Each warrant will entitle the investor to purchase one
additional common share with a term of three years at an exercise price of
$2.50. Sprott Asset Management LP on behalf of certain funds and managed
accounts has agreed to participate in this private placement. In addition, units
will be sold by the Company to investors introduced by Sprott Private Wealth LP
("SPW"). A cash commission of 5% of the gross proceeds from units sold to such
investors and 5% compensation warrants are payable to SPW.


The net proceeds of this Offering will be used to advance the Company's San
Gonzalo silver, gold, lead and zinc project at Durango, Mexico and general
working capital requirements.


The financing is Subject to approval of The TSX Venture Exchange and all
regulatory authorities. The securities issued by the Company in connection with
this financing are subject to a 4-month "hold period" as prescribed by the TSX
Venture Exchange.


Founded in 1968, Avino has established a long record of mining and exploration
in Mexico. The Company's focus is to bring the property to production. Avino
remains well funded.


For more information on the San Gonzalo project, visit the Company's website at
www.avino.com.


ON BEHALF OF THE BOARD

David Wolfin, President & Chief Executive Officer

This release contains statements that are forward-looking statements and are
subject to various risks and uncertainties concerning the specific factors
disclosed under the heading "Risk Factors" and elsewhere in the Company's
periodic filings with Canadian securities regulators. Such information contained
herein represents management's best judgment as of the date hereof based on
information currently available. The Company does not assume the obligation to
update any forward-looking statement.

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