Avino Silver & Gold Mines Ltd. to Acquire Bralorne Gold Mines Ltd.

VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 30, 2014) - Avino Silver & Gold Mines Ltd. ("Avino") (TSX VENTURE:ASM)(NYSE MKT:ASM)(FRANKFURT:GV6) and Bralorne Gold Mines Ltd. ("Bralorne") (TSX VENTURE:BPM) (OTCQX:BPMSF)(BERLIN:GV7)(FRANKFURT:GV7)(WKN:A0B75M) are pleased to announce that they have entered into a letter of intent (the "LOI") pursuant to which it is contemplated that Avino will acquire all of the outstanding common shares of Bralorne which Avino does not already own by way of a plan of arrangement (the "Transaction"). Upon completion of the Transaction, it is anticipated that approximately 2,636,857 common shares of Avino will be issued to former Bralorne shareholders to acquire Bralorne which holds an undivided 100% legal and beneficial interest in the operating Bralorne gold mine in British Columbia.

David Wolfin, Avino President and CEO, stated, "Avino intends to make the Bralorne gold mine our second production center in North America. Our team has a good technical understanding and knowledge base of the Bralorne gold mine and we see an opportunity to finance the expansion of this mine and substantially increase its production profile over time. By utilizing Avino's balance sheet and access to capital along with the strengths of the combined Avino and Bralorne operational teams, I believe that we can create value for both Avino and Bralorne shareholders by realizing the full potential of this quality asset. Avino has a strong track record of financing production growth at our flagship Avino mine in Mexico to create shareholder value as demonstrated by our strong financial performance thus far in 2014 and I look forward to working with the Bralorne team and continuing this type of success."

William Kocken, Bralorne President and CEO, stated, "Since mid-2011, funding junior resource companies has been a very challenging task. The current market valuation of Bralorne required Bralorne's Board of Directors to evaluate various financing opportunities in the best interests of our shareholders. This transaction with Avino allows for our project to advance. Importantly, it also offers Bralorne shareholders an attractive premium, minimizes near-term going concern risk by providing an immediate cash injection and protects our shareholders from a financing which, if available at all, would be highly dilutive and in the Board's view punitive to Bralorne shareholders. Avino is a recognized, profitable precious metals producer with a management team that has an established record of accretively financing the expansion of producing mines in North America and we look forward to working with them."