Avino files new resource estimate on SEDAR

VANCOUVER, Oct. 12, 2016

VANCOUVER, Oct. 12, 2016 /PRNewswire/ - Avino Silver & Gold Mines Ltd. (ASM: TSX-V, ASM: NYSE-MKT; "Avino" or "the Company") is pleased to announce it has filed its new Resource Estimate update on the Avino Property, Durango Mexico on the SEDAR system. Findings from the report were initially disclosed in the Company's news release dated September 25, 2016. The report has an effective date of August 31, 2016 and includes resource estimates from the San Gonzalo and Avino mine systems as well as the tailings resource; all of which are located on Avino's property near Durango in west-central Mexico. The technical report was prepared by QG Australia Pty Ltd., an independent engineering consultant commissioned by Avino. 

"This new resource estimate highlights the important progress we've made since the last resource estimate" said Avino President and CEO, David Wolfin. "During the past ten years, our mine site exploration efforts have been successful, consistently identifying new resources."

Mr. Wolfin noted that the Company's investment in resource expansion will continue to grow. "Exploration and development spending at Avino's Mexico operations has averaged $4.6 million annually since 2006," he said. "Going forward, we will continue our efforts to expand and further define resources at the Avino mine while conducting exploration on strategically located targets through the entire Avino property."

The following is a summary of current resources at the San Gonzalo and Avino Mines, as well as the updated oxide tailings resource, grouped into the measured, indicated and inferred categories.  The effective date of the resource estimates is August 31, 2016.

The resource estimates were prepared by Michael O'Brien P.Geo., Pr.Sci.Nat., who is a "Qualified Person" within the meaning of National Instrument 43-101 and who is an employee of QG Australia Pty Ltd (an ARANZ Geo Company) and independent of Avino, as defined by Section 1.5 of NI 43-101.

Table 1 – Summary of Resources for the Avino Property, Durango, Mexico