Avino Reports Q2 2017 Financial Results

VANCOUVER, Aug. 2, 2017

VANCOUVER, Aug. 2, 2017 /PRNewswire/ - Avino Silver & Gold Mines Ltd. (ASM: TSX-V, ASM: NYSE–MKT, GV6: FSE, "Avino" or "the Company") is pleased to announce the consolidated financial results for the Company's second quarter ended June 30, 2017. The financial statements and the management discussion and analysis can be viewed on the Company's web site at www.avino.com, on SEDAR at www.sedar.com and on EDGAR at www.sec.gov.

Effective January 1, 2017, the Company changed its presentation currency to US dollars from Canadian dollars. As a result, all dollar amounts in this news release are expressed in US dollars, unless otherwise noted.

"We are pleased to have achieved another productive quarter with strong financial and operational results. Our focus continues to be our expansion plans at the Avino mine with the addition of Mill
Circuit 4, as well as a planned underground drill program at the Bralorne Mine to better define the resources above and below the 800 level. We are confident that the implementation of these important plans will continue to support the Company's growth efforts. We appreciate the support and dedication of our teams in Mexico and Canada, who continue to maintain efficiencies at our operations."

- David Wolfin, President, CEO & Director, Avino Silver & Gold Mines Ltd.

SECOND QUARTER 2017 HIGHLIGHTS – IN $USD

• Revenues of $7.9 million from the sale of concentrates
• Mine operating income of $2.5 million, which is consistent with the second quarter of 2016
• Net income after taxes of $1.2 million or $0.02 per share
• Working capital of $17.7 million, an increase of 18% from the second quarter of 2016
• Cash of $5.9 million and short term investments of $7.5 million at the end of the quarter
• Produced 698,174 silver equivalent ounces¹, including 386,002 ounces of silver, 1,954 ounces of gold and 1,113,161 pounds of copper
• Consolidated all-in sustaining cost ("AISC")² was $10.42 per payable silver equivalent ounce
• Average realized selling prices for silver and gold were US$17.09 and US$1,259 per ounce, respectively, and copper was $5,643 per tonne