Avino Closes U.S. Brokered Public Offering

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 26, 2014) - Avino Silver & Gold Mines Ltd. (TSX VENTURE:ASM)(NYSE MKT:ASM)(FRANKFURT:GV6) ("Avino" or "the Company") is pleased to report the completion of the previously announced brokered public offering (the "Offering") through Noble International Investments, Inc., doing business as Noble Financial Capital Markets of Boca Raton, Florida (the "Agent") as sole placement agent to certain institutional investors. Total gross proceeds of USD$5,000,000 were raised through the sale of 2,066,117 units (the "Units") at a price of USD$2.42 per Unit. Each Unit consisted of one (1) common share and one-half (1/2) of a transferable share purchase warrant (the "Warrants").

Each whole Warrant is exercisable to acquire one additional common share at USD$2.87 per share until February 25, 2017, provided that if the volume weighted average closing market price for the Company's common shares on the NYSE MKT is greater than USD$6.85 per share for a period of twenty (20) consecutive trading days, then the Company may deliver a notice (the "Notice") to the Warrant holder notifying such holder that the Warrants must be exercised within thirty (30) days from the date of delivery of such Notice, otherwise the Warrants will expire at 4:30 p.m. (Vancouver Time) on the thirty-first (31^st) day after the date of delivery of the Notice.

The funds raised from the sale of the Units will be used for advancing the development of the Company's Avino mine property and its mining operations in Mexico, as well as Avino's general working capital requirements.

The Units are registered securities issued by way of a Form F-3 Registration Statement, base prospectus, and prospectus supplement filed with the U.S. Securities and Exchange Commission. Copies of the Registration Statement and prospectus will be filed and available under the Company's profile on SEDAR at www.sedar.com and with the SEC at www.sec.gov.

Avino

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

ON BEHALF OF THE BOARD

David Wolfin, Chief Executive Officer,

Avino Silver & Gold Mines Ltd.

Safe Harbor Statement - This news release contains "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 including the PEA, 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.