Avino Silver & Gold Mines Ltd. (TSX VENTURE:ASM)(NYSE MKT:ASM)(FRANKFURT:GV6)
("Avino" or "the Company") is pleased to report the completion of the previously
announced brokered public offering (the "Offering") through Noble International
Investments, Inc., doing business as Noble Financial Capital Markets of Boca
Raton, Florida (the "Agent") as sole placement agent to certain institutional
investors. Total gross proceeds of USD$5,000,000 were raised through the sale of
2,066,117 units (the "Units") at a price of USD$2.42 per Unit. Each Unit
consisted of one (1) common share and one-half (1/2) of a transferable share
purchase warrant (the "Warrants").


Each whole Warrant is exercisable to acquire one additional common share at
USD$2.87 per share until February 25, 2017, provided that if the volume weighted
average closing market price for the Company's common shares on the NYSE MKT is
greater than USD$6.85 per share for a period of twenty (20) consecutive trading
days, then the Company may deliver a notice (the "Notice") to the Warrant holder
notifying such holder that the Warrants must be exercised within thirty (30)
days from the date of delivery of such Notice, otherwise the Warrants will
expire at 4:30 p.m. (Vancouver Time) on the thirty-first (31st) day after the
date of delivery of the Notice.


The funds raised from the sale of the Units will be used for advancing the
development of the Company's Avino mine property and its mining operations in
Mexico, as well as Avino's general working capital requirements.


The Units are registered securities issued by way of a Form F-3 Registration
Statement, base prospectus, and prospectus supplement filed with the U.S.
Securities and Exchange Commission. Copies of the Registration Statement and
prospectus will be filed and available under the Company's profile on SEDAR at
www.sedar.com and with the SEC at www.sec.gov.


Avino

Founded in 1968, Avino's mission is to create shareholder value through
profitable organic growth at the historic Avino property near Durango, Mexico.
We are committed to managing all business activities in an environmentally
responsible and cost-effective manner while contributing to the well-being of
the community in which we operate. 


ON BEHALF OF THE BOARD

David Wolfin, Chief Executive Officer,

Avino Silver & Gold Mines Ltd.

Safe Harbor 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 including the PEA, 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, silver and copper, 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.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Avino Silver & Gold Mines Ltd.
David Wolfin
Chief Executive Officer
604.682.3701
604.682.3600 (FAX)
ir@avino.com
www.avino.com
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