AVINO VEIN EXTENDED A FURTHER 500 METRES

VANCOUVER, BC, May 23, 2023

VANCOUVER, BC, May 23, 2023 /PRNewswire/ - Avino Silver & Gold Mines Ltd. (TSX: ASM) (NYSE: ASM) (FSE: GV6), ("Avino" or "the Company") releases the results of ten drill holes from below Level 17, the current deepest workings of the mine. The current drill campaign has extended our knowledge of the continuity of the Avino Vein to a distance of 500 meters downdip of the lowest mining level. The exploration program is designed to test the continuity and to improve our understanding of the potential for deeper mineralization. The extent of the Avino Vein has been established to be at least 1,100 metres downdip from surface outcrop. Additionally, a previously undiscovered breccia vein was intersected approximately 15 to 30 metres below the Avino Vein in the footwall intrusive rocks. This unit has revealed three good intercepts (labelled INT-BX in Table 1) including a 35 cm intercept in ET-23-05 yielding 1,165 AgEq g/t.  These intercepts warrant further follow-up to see if it can be correlated with historic intercepts in the footwall of the Avino Vein to determine potential continuity.

Highlights

Selected intercepts from the Avino Vein include:

• Hole ET 23-04: 122 AgEq g/t (including 0.65% Cu) over 35.73 metres true width, including 208 AgEq g/t (including 1.33% Cu) over 5.20 metres true width, as well as 152 AgEq g/t (including 0.82% Cu) over 6.24 metres true width
  
  
• Hole ET 23-05: 120 AgEq g/t (including 0.55% Cu) over 48.40 metres true width, including 256 AgEq g/t (including 1.37% Cu) over 1.76 metres true width, as well as 1,165 over AgEq g/t (including 7.43% Cu) over 0.33 meters true width
  
  
• Hole ET 23-06: 141 AgEq g/t (including 0.81% Cu) over 36.00 meters true width, including 219 AgEq g/t (including 1.32% Cu) over 14.00 metres true width

Details are shown in the table and images below.

"The ET area drilling builds on results from our 2022 drill program as well as the January 2023 drill results as we continue to extend the area of mineralization below Level 17," said David Wolfin, President and CEO. "We drilled 500 metres below our current mine workings to confirm the continuity of mineralization. As we have come to expect with the Avino Vein, the drill intercept widths suggest that this area will be able to be mined by our existing low-cost bulk methods. In addition, we were delighted to discover a new veinlet within the footwall intrusive rock that was very high grade. We include both step out and infill drilling in this campaign and these new step-out holes are obviously not included in the most recent mineral resource estimate released earlier this year."

Avino is developing a geological model based on a "near porphyry" environment because of the increasing copper grades. The persistence of grade continuity from surface down a plunge distance of over 1,100 metres (800 metres vertical) supports the possibility of a deeper mineralized system that may be linked to a deep porphyry centre.