ASM Avino Silver And Gold Mines Ltd (delisted)

Avino Silver & Gold Mines Ltd. ("Avino" or "the Company") (TSX VENTURE:ASM)(NYSE
MKT:ASM)(NYSE Amex:ASM)(BERLIN:GV6)(FRANKFURT:GV6), as reported on May 11 and
July 3, 2012, the Company's public disclosures on mineral resource estimates
regarding the Company's Avino property in Durango, Mexico, have been under
review by the British Columbia Securities Commission ("BCSC"). 


The Company has been fully co-operating with the BCSC in this matter, and with
its independent engineering consultants, Tetra Tech Wardrop ("Tetra Tech"), has
filed with the BCSC an amended technical report to address the BCSC's disclosure
concerns. 


The Company also wants to clarify certain technical disclosures with respect to
the San Gonzalo Mine. Due to the development of a ramp, bulk sampling, limited
mining depletion and additional delineation drilling, a 2009 inferred resource
estimate prepared on the San Gonzalo vein is no longer considered a current
resource estimate and should not and cannot be relied upon as such. It should be
noted that there are significant risks associated with making a production
decision on the San Gonzalo Mine without a current resource estimate.


The Company has not altered its plan to move forward with the development of San
Gonzalo Mine and intends on processing feed mined from the San Gonzalo Mine
later this year. The Company is currently in the process of engaging an
independent engineering firm to complete a comprehensive technical report that
will include all significant areas of the Avino mine property. 


The disclosure of the technical information contained in this news release has
been reviewed and approved by Mr. Chris Sampson, P.Eng., and Mr. Jasman Yee,
P.Eng., who are Qualified Persons as defined by NI 43-101. 


ON BEHALF OF THE BOARD

David Wolfin, President & CEO

Safe Harbour Statement - This news release contains "forward-looking
information" and "forward-looking statements" (together, the "forward looking
statements") within the meaning of applicable securities laws and the United
States Private Securities Litigation Reform Act of 1995, including our belief as
to the extent and timing of various studies, and exploration results, the
potential tonnage, grades and content of deposits, timing and establishment and
extent of resources estimates. These forward-looking statements are made as of
the date of this news release and the dates of technical reports, as applicable.
Readers are cautioned not to place undue reliance on forward-looking statements,
as there can be no assurance that the future circumstances, outcomes or results
anticipated in or implied by such forward-looking statements will occur or that
plans, intentions or expectations upon which the forward-looking statements are
based will occur. While we have based these forward-looking statements on our
expectations about future events as at the date that such statements were
prepared, the statements are not a guarantee that such future events will occur
and are subject to risks, uncertainties, assumptions and other factors which
could cause events or outcomes to differ materially from those expressed or
implied by such forward-looking statements.


Such factors and assumptions include, among others, the effects of general
economic conditions, the price of gold and silver, changing foreign exchange
rates and actions by government authorities, uncertainties associated with legal
proceedings and negotiations and misjudgments in the course of preparing
forward-looking information. In addition, there are known and unknown risk
factors which could cause our actual results, performance or achievements to
differ materially from any future results, performance or achievements expressed
or implied by the forward-looking statements. Known risk factors include risks
associated with project development; the need for additional financing;
operational risks associated with mining and mineral processing; fluctuations in
metal prices; title matters; uncertainties and risks related to carrying on
business in foreign countries; environmental liability claims and insurance;
reliance on key personnel; the potential for conflicts of interest among certain
of our officers, directors or promoters of with certain other projects; the
absence of dividends; currency fluctuations; competition; dilution; the
volatility of the our common share price and volume; tax consequences to U.S.
investors; and other risks and uncertainties. Although we have attempted to
identify important factors that could cause actual actions, events or results to
differ materially from those described in forward-looking statements, there may
be other factors that cause actions, events or results not to be as anticipated,
estimated or intended. There can be no assurance that forward-looking statements
will prove to be accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly, readers
should not place undue reliance on forward-looking statements. We are under no
obligation to update or alter any forward-looking statements except as required
under applicable securities laws.


Cautionary Note to United States Investors - The information contained herein
and incorporated by reference herein has been prepared in accordance with the
requirements of Canadian securities laws, which differ from the requirements of
United States securities laws. In particular, the term "resource" does not
equate to the term "reserve". The Securities Exchange Commission's (the "SEC")
disclosure standards normally do not permit the inclusion of information
concerning "measured mineral resources", "indicated mineral resources" or
"inferred mineral resources" or other descriptions of the amount of
mineralization in mineral deposits that do not constitute "reserves" by SEC
standards, unless such information is required to be disclosed by the law of the
Company's jurisdiction of incorporation or of a jurisdiction in which its
securities are traded. U.S. investors should also understand that "inferred
mineral resources" have a great amount of uncertainty as to their existence and
great uncertainty as to their economic and legal feasibility. Disclosure of
"contained ounces" is permitted disclosure under Canadian regulations; however,
the SEC normally only permits issuers to report mineralization that does not
constitute "reserves" by SEC standards as in place tonnage and grade without
reference to unit measures.

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