ASM Avino Silver And Gold Mines Ltd (delisted)

Avino Silver & Gold Mines Ltd. (TSX VENTURE:ASM)(NYSE MKT:ASM)(FRANKFURT:GV6)
("Avino" or "the Company") is pleased to announce that by a share purchase
agreement dated June 25, 2014, it has agreed to privately acquire 9,500,000
common shares (the "Shares") of Bralorne Gold Mines Ltd. ("Bralorne") for a
purchase price of CAD$0.28 per share (CAD$2.66 million in total), representing
approximately 33.3% of Bralorne's total issued and outstanding shares (the
"Proposed Transaction"). The Proposed Transaction will proceed by way of an
exempt take-over bid, after the vendor provides the required statutory 7 days'
notice of intent to distribute securities of Bralorne. Other than 179,149 common
shares of Bralorne previously held by Avino (the "Prior Holdings"), neither
Avino, nor any other persons acting jointly or in concert with Avino, previously
held any other securities of Bralorne. Accordingly, Avino will own upon
completion of the Proposed Transaction, a total of 9,679,149 common shares of
Bralorne, representing approximately 34% of the total issued and outstanding
shares of Bralorne. 


Avino intends to hold the Shares and the Prior Holdings for investment purposes.
Depending upon market conditions and other factors, Avino may from time to time
acquire additional securities of Bralorne, dispose of some or all of the
existing or additional securities it holds in Bralorne, or will hold or continue
to hold its current position. The closing of the purchase and sale is subject to
the acceptance of the TSX Venture Exchange, and is expected to occur on or
before July 10, 2014. Upon completion of the Proposed Transaction, Avino will
file an Early Warning Report containing further details of the acquisition on
SEDAR (www.sedar.com) under Bralorne's profile.


Appointment of Special Committee 

The board of directors of Avino has appointed an independent special committee
to review, negotiate and recommend the approval of the Proposed Transaction to
the board of Avino. Avino and Bralorne have two directors in common, David
Wolfin and Gary Robertson, and Jasman Yee, a director of Avino, has performed
consulting services for Bralorne in the past. David Wolfin is also a director
and officer of Oniva International Services Corp., a private resource management
company which provides administrative and other services and facilities to Avino
and Bralorne, among other companies. The special committee of Avino is comprised
of Andrew Kaplan and Michael Baybak. The special committee has recommended the
Proposed Transaction for approval by the board of directors of Avino, based upon
among other factors their review of the financial position, operations, and
exploration potential of Bralorne, and upon the recommendations of its financial
advisor Cantor Fitzgerald Canada Corporation.


About Bralorne

Bralorne is a Canadian junior mining and exploration company, whose current
project is a 100% interest in the Bralorne Gold Mine, located 241 kilometres
north east of Vancouver, British Columbia. The Bralorne mining camp has a golden
history with past production of 4 million ounces of gold from three mines
(Bralorne, Pioneer and King) that fed two mills with a combined capacity of 875
tons per day with gold grades that averaged half an ounce per ton until 1971.
Historically, the focus was on mining high grade material delineated by driving
drifts on the veins at successively lower levels in the mines. Minimal
exploration work was conducted beyond the known veins, and the areas between the
historical mines were left undeveloped. Under Bralorne's management, new mill
facilities have been developed, permitted, and are fully operational, and new
discoveries have been made within the gap areas between the old mines, using
geochemical surveys followed by diamond drilling. On November 21, 2012, Bralorne
filed on SEDAR a preliminary economic assessment report on the Bralorne Mine
property prepared by Beacon Hill Consultants (1988) Ltd., which reported as at
August 31, 2012 measured and indicated mineral resources of 170,583 ton grading
0.266 oz gold/ton, and inferred mineral resources of 272,089 tons grading 0.256
oz gold/ton (mineral resources are not mineral reserves and do not have
demonstrated economic viability).


In 2011, Bralorne began limited production at 100 tons per day and has sustained
the operation since that time. Despite the limited production, the mine property
is still considered in the exploration and evaluation stage. During fiscal year
2013, Bralorne produced an estimated 3,842 ounces of gold. 


For more information, please feel free to visit Bralorne's website at:
www.bralorne.com.


Avino

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


ON BEHALF OF THE BOARD

Malcolm Davidson, CA, Chief Financial Officer 

Safe Harbor Statement - This news release may contain "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, 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.
Malcolm Davidson, CA
Chief Financial Officer
604.682.3701
604.682.3600 (FAX)
ir@avino.com
www.avino.com

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