AVINO ANNOUNCES CLOSING OF US$4.6 MILLION UNDERWRITTEN PUBLIC OFFERING, INCLUDING THE PARTIAL EXERCISE OF UNDERWRITERS’ OVERALLOTMENT OPTION

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Avino Silver & Gold Mines Ltd. (ASM:TSX/NYSE American; FSE:GV6, “Avino” or “the Company”)today announced the closing of its underwritten public offering of an aggregate of 6,239,867 common shares of the Company, together with warrants to purchase up to 6,239,867 common shares of the Company, at a public offering price of US$0.65 per share and associated warrant to purchase one common share. Each warrant has an exercise price of US$0.80 and expires on September 25, 2023.  In addition, the underwriters partially exercised their overallotment option to purchase an aggregate of 865,791 additional common shares of the Company and additional warrants to purchase 935,979 common shares of the Company. After deducting the underwriting discounts and commissions and other estimated offering expenses, the net proceeds of the public offering are expected to be approximately US$4.1 million

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