ASM Avino Silver And Gold Mines Ltd (delisted)

Avino Silver & Gold Mines (the "Company") (TSX
VENTURE:ASM)(OTCBB:ASGMF)(BERLIN:GV6)(FRANKFURT:GV6) has closed a non-brokered
private placement with aggregate gross proceeds of $5,130,000 from the sale of
2,700,000 units (the "Units) at a price of $1.90 per unit. Each unit is
comprised of one common share and one non-transferrable share purchase warrant
(a "Warrant"). Each warrant entitles the investor to purchase one additional
common share at an exercise price of $2.50 with a term of three (3) years until
December 22, 2013. The common shares issued, and any common shares issued
pursuant to the exercise of Warrant prior to April 23, 2011 will be restricted
from trading until April 23, 2011.


The Company is pleased to have Sprott Private Wealth LP ("Sprott") facilitate
the participation of its clients in the private placement and also to have
Sprott Asset Management LP, on behalf of certain funds and managed accounts
invest in the Company through the acquisition of Units. The Sprott Group has
been instrumental in the development of countless successful mining ventures and
Sprott Asset Management is a leading independent asset manager dedicated to
achieving superior returns for its clients over the long term. Sprott manages
several billion dollars through multiple funds and has been the winner of
numerous prestigious distinctions that are awarded to funds providing superior
returns.


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.


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 & CEO

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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