Avino Reports Earnings for First Quarter of Commercial Production and Releases Year 2012 Financial Results

Avino Silver & Gold Mines Ltd. (TSX VENTURE:ASM)(NYSE MKT:ASM)(FRANKFURT:GV6)
"Avino" or "the Company") is pleased to announce that it has reported earnings
for its first quarter of commercial production (Q4 2012) and released its
audited consolidated financial statements for the 2012 fiscal year. (All figures
are in Canadian dollars unless otherwise specified.) The information in this
news release should be read in conjunction with the Company's audited
consolidated financial statements for the year ended December 31, 2012 and
associated management discussion and analysis ("MD&A") which are available on
the Company's website at www.avino.com and under the Company's profile on SEDAR
at www.sedar.com. 


"We are very pleased to report earnings for Q4 2012, our first quarter of
commercial production at our San Gonzalo Mine. This milestone is particularly
satisfying given the environment of declining metal prices and uncertainty in
the current markets," stated Malcolm Davidson, CFO. "Further, this was achieved
by selling just two months of production while incurring fully three months of
general and administration expenses and other items. During the transition from
the exploration to production stage there were many costs that were expensed
instead of capitalized, diminishing reported earnings. Now that we have
completed this transition we expect the increased efficiencies will improve the
profitability of our operations."


Q4 2012 Financial and Operational Highlights (i)



--  Revenues reported for the quarter $2,255,376 
--  Mine operating income $820,807 
--  General and administrative expenses $889,152 
--  Earnings before income taxes $443,981 
--  Earnings for the period $176,660 
--  Earnings per share - basic and diluted $0.01 
--  Processed ore for Q4 2012 was 19,539 tonnes 
--  Silver ounces sold for Q4 2012 was107,850 
--  Gold ounces sold for Q4 2012 was 413 
--  Cash cost per equivalent silver ounce was $14.22 
--  Ore stockpile and concentrate inventory value at December 31, 2012 was
    $2,016,832



(i) On October 1, 2012 the Company commenced commercial production at its San
Gonzolo Mine. The December 31, 2012 consolidated financial statements reflect
the revenues and related cost of sales for production produced and sold for
October and November 2012 only. December 2012 production is included in the
balance of inventory at December 31, 2012 in accordance with the Company's
revenue recognition policy. Prior to achieving commercial production, the
Company received proceeds of $3,490,581 from the sale of bulk concentrate
produced from the historic Avino mine stockpiles. 


These proceeds were considered incidental revenue earned by the Company while it
was tuning the mill and preparing for commercial operations and accordingly the
proceeds were recorded as a reduction in exploration and evaluation assets. This
method of account is consistent for exploration stage companies. Comparative
periods have not been presented in this news release as the comparative
information is not available nor is it relevant as the Company was in the
exploration stage during the comparable quarter. The information in this news
release should be read in conjunction with the Company's audited consolidated
financial statements for the year ended December 31, 2012 and associated
management discussion and analysis ("MD&A").


Outlook

The Company's primary focus for the 2013 fiscal year is to improve and
strengthen the operational efficiency and manage costs of the San Gonzalo mine
operation.


Management remains focused on the following key objectives:



1.  Increase profitable mining operations at San Gonzalo by decreasing
    operating costs and improving efficiency; 
2.  Increase mill throughput using the new circuit ("Circuit 2") that went
    online in April 2013. See news release dated April 29, 2013; 
3.  Develop the Avino mine for commercial production commencing in 2014; 
4.  Continue to review and develop plans to process the oxide tailings
    resource from historic milling operations (PEA issued in 2012); 
5.  Continue to explore regional targets on the property and consider
    acquisition opportunities.



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

Malcolm Davidson, Chief Financial Officer 

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.


Such factors and assumptions include, among others, the effects of general
economic conditions, the price of gold, silver and copper, changing foreign
exchange rates and actions by government authorities, uncertainties associated
with legal proceedings and negotiations and misjudgments in the course of
preparing forward-looking information. In addition, there are known and unknown
risk factors which could cause our actual results, performance or achievements
to differ materially from any future results, performance or achievements
expressed or implied by the forward-looking statements. Known risk factors
include risks associated with project development; the need for additional
financing; operational risks associated with mining and mineral processing;
fluctuations in metal prices; title matters; uncertainties and risks related to
carrying on business in foreign countries; environmental liability claims and
insurance; reliance on key personnel; the potential for conflicts of interest
among certain of our officers, directors or promoters of with certain other
projects; the absence of dividends; currency fluctuations; competition;
dilution; the volatility of the our common share price and volume; tax
consequences to U.S. investors; and other risks and uncertainties. Although we
have attempted to identify important factors that could cause actual actions,
events or results to differ materially from those described in forward-looking
statements, there may be other factors that cause actions, events or results not
to be as anticipated, estimated or intended. There can be no assurance that
forward-looking statements will prove to be accurate, as actual results and
future events could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking
statements. We are under no obligation to update or alter any forward-looking
statements except as required under applicable securities laws.


Cautionary Note to United States Investors - The information contained herein
and incorporated by reference herein has been prepared in accordance with the
requirements of Canadian securities laws, which differ from the requirements of
United States securities laws. In particular, the term "resource" does not
equate to the term "reserve". The Securities Exchange Commission's (the "SEC")
disclosure standards normally do not permit the inclusion of information
concerning "measured mineral resources", "indicated mineral resources" or
"inferred mineral resources" or other descriptions of the amount of
mineralization in mineral deposits that do not constitute "reserves" by SEC
standards, unless such information is required to be disclosed by the law of the
Company's jurisdiction of incorporation or of a jurisdiction in which its
securities are traded. U.S. investors should also understand that "inferred
mineral resources" have a great amount of uncertainty as to their existence and
great uncertainty as to their economic and legal feasibility. Disclosure of
"contained ounces" is permitted disclosure under Canadian regulations; however,
the SEC normally only permits issuers to report mineralization that does not
constitute "reserves" by SEC standards as in place tonnage and grade without
reference to unit measures.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Avino Silver & Gold Mines Ltd.
Malcolm Davidson
Chief Financial Officer
604.682.3701
604.682.3600 (FAX)
[e-mail]
www.avino.com