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<SEC-DOCUMENT>0001309014-05-000313.txt : 20050613
<SEC-HEADER>0001309014-05-000313.hdr.sgml : 20050611
<ACCEPTANCE-DATETIME>20050610173703
ACCESSION NUMBER:		0001309014-05-000313
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		8
CONFORMED PERIOD OF REPORT:	20030210
FILED AS OF DATE:		20050613
DATE AS OF CHANGE:		20050610

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AVINO SILVER & GOLD MINES LTD
		CENTRAL INDEX KEY:			0000316888
		STANDARD INDUSTRIAL CLASSIFICATION:	METAL MINING [1000]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-09266
		FILM NUMBER:		05890819

	BUSINESS ADDRESS:	
		STREET 1:		455 GRANVILLE ST STE 400
		CITY:			VANCOUVER BC CANADA
		STATE:			A1
		ZIP:			00000
		BUSINESS PHONE:		6046823701

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	INTERNATIONAL AVINO MINES LTD
		DATE OF NAME CHANGE:	19950607

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AVINO MINES & RESOURCES LTD
		DATE OF NAME CHANGE:	19950607
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>htm_440.htm
<DESCRIPTION>LIVE FILING
<TEXT>
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<TITLE>
Avino Silver & Gold Mines Ltd.&nbsp;-&nbsp;Form&nbsp;6-K
</TITLE>
</HEAD>
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<A NAME="DOCUMENT_TOP">&nbsp;</A>
<P align="center">
<FONT size="+1"><B>
UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. 20549</B>
</P>

<P>
<CENTER>
<FONT SIZE="+2" FACE="Arial"><B>Form 6-K</B></FONT><BR>

</CENTER>
</P>

<P>
<CENTER>
<FONT size="+1">
REPORT OF FOREIGN PRIVATE ISSUER<BR>PURSUANT TO RULE 13a-16 OR 15d-16<BR>UNDER THE SECURITIES EXCHANGE ACT OF 1934
</FONT>
</CENTER>
</P>
<P>
<CENTER>
For the month of February, 2003
</CENTER>
</P>
<P>
<CENTER>
Commission File Number: 0-9266
</CENTER>
</P>
<!-- End Cover Page Header -->
<!-- Cover Page Registrant -->
<TABLE CELLSPACING="0" BORDER="0" CELLPADDING="0" WIDTH="100%">
  <TR>
    <TD VALIGN="BOTTOM" ALIGN="CENTER" WIDTH="100%" COLSPAN="5">
	<FONT SIZE="+2"><B>Avino Silver & Gold Mines Ltd.</B></FONT><BR>
	<FONT SIZE="-7">&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;</FONT>
    </TD>
  </TR>
  <TR>
    <TD VALIGN="CENTER" ALIGN="CENTER" WIDTH="100%" COLSPAN="5">
	<FONT SIZE="-1">(Translation of registrant&#146;s name into English)</FONT>
    </TD>
  </TR>
  <TR>
    <TD VALIGN="BOTTOM" ALIGN="CENTER" WIDTH="100%" COLSPAN="5">
	&nbsp;
    </TD>
  </TR>
<TR><TD VALIGN="BOTTOM" ALIGN="CENTER" WIDTH="100%" COLSPAN="5"><FONT FACE="Courier" SIZE="+0">British Columbia</FONT><BR><FONT SIZE="-7">&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;</FONT></TD></TR><TR><TD VALIGN="CENTER" ALIGN="CENTER" WIDTH="100%" COLSPAN="5"><FONT SIZE="-1">(Jurisdiction of incorporation or organization)</FONT></TD></TR><TR><TD VALIGN="BOTTOM" ALIGN="CENTER" WIDTH="100%" COLSPAN="5">&nbsp;</TD></TR>
  <TR>
    <TD VALIGN="BOTTOM" ALIGN="CENTER" WIDTH="100%" COLSPAN="5">
      <FONT FACE="Courier" SIZE="+0">#400 - 455 Granville Street<br>Vancouver, B.C. V6C 1T1</FONT>
    </TD>
  </TR>
  <TR>
    <TD VALIGN="BOTTOM" ALIGN="CENTER" WIDTH="100%" COLSPAN="5">
        <FONT SIZE="-7">&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;</FONT><BR>
	    <FONT SIZE="-1">(Address of principal executive office)</FONT>
    </TD>
  </TR>
  <TR>
    <TD VALIGN="BOTTOM" ALIGN="CENTER" WIDTH="100%" COLSPAN="5">
	&nbsp;
    </TD>
  </TR>
</TABLE>
<!-- End Cover Page Registrant -->
<!-- Checkboxes Page -->
<TABLE CELLSPACING="0" BORDER="0" CELLPADDING="0" WIDTH="100%">
  <TR>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="100%" COLSPAN="5">
	Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:&nbsp;&nbsp;[<FONT FACE="Courier">x</FONT>]&nbsp;Form 20-F&nbsp;&nbsp;&nbsp;&nbsp;[<FONT FACE="Courier">&nbsp;</FONT>]&nbsp;Form 40-F
    </TD>
  </TR>
  <TR>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" COLSPAN="5" WIDTH="100%">
        &nbsp;
    </TD>
  </TR>

  <TR>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" COLSPAN="5" WIDTH="100%">
        Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):&nbsp;&nbsp;[<FONT FACE="Courier">&nbsp;</FONT>]
    </TD>
  </TR>

  <TR>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" COLSPAN="5" WIDTH="100%">
        &nbsp;
    </TD>
  </TR>

  <TR>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" COLSPAN="5" WIDTH="100%">
        Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):&nbsp;&nbsp;[<FONT FACE="Courier">&nbsp;</FONT>]
    </TD>
  </TR>

  <TR>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" COLSPAN="5" WIDTH="100%">
        &nbsp;
    </TD>
  </TR>

  <TR>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" COLSPAN="5" WIDTH="100%">
        Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934:&nbsp;&nbsp;[<FONT FACE="Courier">&nbsp;</FONT>]&nbsp;Yes&nbsp;&nbsp;&nbsp;&nbsp;[<FONT FACE="Courier">x</FONT>]&nbsp;No
    </TD>
  </TR>

  <TR>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" COLSPAN="5" WIDTH="100%">
        &nbsp;
    </TD>
  </TR>
</TABLE>

<TABLE CELLSPACING="0" BORDER="0" CELLPADDING="0" WIDTH="100%">
  <TR>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="100%">
        If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):&nbsp;&nbsp;&nbsp;<FONT FACE="Courier"><U>&nbsp;n/a&nbsp;</U></FONT>
    </TD>
  </TR>
  <TR>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="100%">
        &nbsp;
    </TD>
  </TR>
</TABLE>
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<HR NOSHADE>
<DIV ALIGN="LEFT" STYLE="PAGE-BREAK-BEFORE:ALWAYS">
<!-- End HR Page Break --><!-- Report Page -->
<FONT SIZE="3">
<PRE>


</PRE>
</FONT>
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<DIV ALIGN="LEFT" STYLE="PAGE-BREAK-BEFORE:ALWAYS">
 <!-- Page Break  -->
<DIV ALIGN="LEFT" STYLE="PAGE-BREAK-BEFORE:ALWAYS">
<!-- End Page Break -->
<!-- Signatures Page Header -->
<FONT SIZE="+1">
<CENTER>
<B>SIGNATURES</B>
</CENTER>
</FONT>
<TABLE CELLSPACING="0" BORDER="0" CELLPADDING="0" WIDTH="100%">
  <TR>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="100%">
       &nbsp;
    </TD>
  </TR>
  <TR>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="100%">
       Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
    </TD>
  </TR>
  <TR>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="100%">
       &nbsp;
    </TD>
  </TR>
</TABLE>
<!-- End Signatures Page Header -->
<!-- Signatures Page Details -->
<TABLE CELLSPACING="0" BORDER="0" CELLPADDING="0" WIDTH="100%">
  <TR>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="40%">
       &nbsp;
    </TD>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="4%%">
       &nbsp;
    </TD>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="56%">
       Avino Silver & Gold Mines Ltd.
    </TD>
  </TR>

  <TR>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="40%">
       &nbsp;
    </TD>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="4%%">
       &nbsp;
    </TD>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="56%">
       &nbsp;
    </TD>
  </TR>

  <TR>
    <TD VALIGN="TOP" ALIGN="LEFT" WIDTH="40%">
       Date: June 10, 2005
    </TD>
    <TD VALIGN="TOP" ALIGN="LEFT" WIDTH="4%%">
       By:
    </TD>
    <TD VALIGN="TOP" ALIGN="LEFT" WIDTH="56%">
       /s/ David Wolfin<BR><HR WIDTH="30%" NOSHADE>
    </TD>
  </TR>

  <TR>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="40%">
       &nbsp;
    </TD>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="4%%">
       Name:&nbsp;
    </TD>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="56%">
        David Wolfin
    </TD>
  </TR>

  <TR>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="40%">
       &nbsp;
    </TD>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="4%%">
       Title:
    </TD>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="56%">
       President
    </TD>
  </TR>
  <TR>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="40%">
       &nbsp;
    </TD>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="4%%">
       &nbsp;
    </TD>
    <TD VALIGN="BOTTOM" ALIGN="LEFT" WIDTH="56%">
       &nbsp;
    </TD>
  </TR>
</TABLE>
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<DIV ALIGN="LEFT" STYLE="PAGE-BREAK-BEFORE:ALWAYS">
<!-- End HR Page Break --><!-- Exhibit Index Header Page -->
<CENTER>
<FONT SIZE="+1"><B>
EXHIBIT&nbsp;INDEX
</B></FONT>
</CENTER>
<BR>
<CENTER>
<TABLE CELLSPACING="0" BORDER="0" CELLPADDING="0" WIDTH="60%">
  <TR VALIGN="BOTTOM">
    <TD NOWRAP ALIGN="LEFT" WIDTH="8%">
      <FONT SIZE="-1"><B>Exhibit No.</B></FONT>
    </TD>
    <TD WIDTH="15%">
      &nbsp;
    </TD>
    <TD NOWRAP ALIGN="LEFT" WIDTH="77%">
      <FONT SIZE="-1"><B>Description</B></FONT>
    </TD>
  </TR>
  <TR VALIGN="BOTTOM">
    <TD NOWRAP ALIGN="CENTER" WIDTH="8%">
      <HR SIZE="1" NOSHADE>
    </TD>
    <TD WIDTH="15%">
      &nbsp;
    </TD>
    <TD NOWRAP ALIGN="CENTER" WIDTH="77%">
      <HR ALIGN="LEFT" SIZE="1" WIDTH="88%" NOSHADE>
    </TD>
  </TR>
<!-- Exhibit Index Header Page -->
<!-- Exhibit Index Item -->
  <TR VALIGN="BOTTOM">
    <TD VALIGN="TOP" WIDTH="8%" nowrap>
      <FONT SIZE="-1">99.1<FONT>
    </TD>
    <TD WIDTH="15%">
       &nbsp;
    </TD>
    <TD ALIGN="LEFT" VALIGN="TOP" WIDTH="77%">
      <FONT SIZE="2">February 10, 2003 Notice of Meeting</FONT>
    </TD>
  </TR>
<!-- End Exhibit Index Item -->
<!-- Exhibit Index Item -->
  <TR VALIGN="BOTTOM">
    <TD VALIGN="TOP" WIDTH="8%" nowrap>
      <FONT SIZE="-1">99.2<FONT>
    </TD>
    <TD WIDTH="15%">
       &nbsp;
    </TD>
    <TD ALIGN="LEFT" VALIGN="TOP" WIDTH="77%">
      <FONT SIZE="2">February 10, 2003 Management Proxy and Information Circular</FONT>
    </TD>
  </TR>
<!-- End Exhibit Index Item -->
<!-- Exhibit Index Item -->
  <TR VALIGN="BOTTOM">
    <TD VALIGN="TOP" WIDTH="8%" nowrap>
      <FONT SIZE="-1">99.3<FONT>
    </TD>
    <TD WIDTH="15%">
       &nbsp;
    </TD>
    <TD ALIGN="LEFT" VALIGN="TOP" WIDTH="77%">
      <FONT SIZE="2">February 10, 2003 Form of Proxy</FONT>
    </TD>
  </TR>
<!-- End Exhibit Index Item -->
<!-- Exhibit Index Item -->
  <TR VALIGN="BOTTOM">
    <TD VALIGN="TOP" WIDTH="8%" nowrap>
      <FONT SIZE="-1">99.4<FONT>
    </TD>
    <TD WIDTH="15%">
       &nbsp;
    </TD>
    <TD ALIGN="LEFT" VALIGN="TOP" WIDTH="77%">
      <FONT SIZE="2">February 12, 2003 Confirmation of Mailing</FONT>
    </TD>
  </TR>
<!-- End Exhibit Index Item -->
<!-- Exhibit Index Item -->
  <TR VALIGN="BOTTOM">
    <TD VALIGN="TOP" WIDTH="8%" nowrap>
      <FONT SIZE="-1">99.5<FONT>
    </TD>
    <TD WIDTH="15%">
       &nbsp;
    </TD>
    <TD ALIGN="LEFT" VALIGN="TOP" WIDTH="77%">
      <FONT SIZE="2">February 20, 2003 Annual Information Form</FONT>
    </TD>
  </TR>
<!-- End Exhibit Index Item -->
<!-- Exhibit Index Item -->
  <TR VALIGN="BOTTOM">
    <TD VALIGN="TOP" WIDTH="8%" nowrap>
      <FONT SIZE="-1">99.6<FONT>
    </TD>
    <TD WIDTH="15%">
       &nbsp;
    </TD>
    <TD ALIGN="LEFT" VALIGN="TOP" WIDTH="77%">
      <FONT SIZE="2">February 20, 2003 Consent Letter Re: Initial Annual Information Form</FONT>
    </TD>
  </TR>
<!-- End Exhibit Index Item -->
<!-- Exhibit Index Item -->
  <TR VALIGN="BOTTOM">
    <TD VALIGN="TOP" WIDTH="8%" nowrap>
      <FONT SIZE="-1">99.7<FONT>
    </TD>
    <TD WIDTH="15%">
       &nbsp;
    </TD>
    <TD ALIGN="LEFT" VALIGN="TOP" WIDTH="77%">
      <FONT SIZE="2">February 20, 2003 Consent Letter from geologist dated February 10, 2003</FONT>
    </TD>
  </TR>
<!-- End Exhibit Index Item -->
<!-- ExhibitIndexFooter -->
  <TR VALIGN="BOTTOM">
    <TD VALIGN="TOP" WIDTH="8%" nowrap>
      &nbsp;
    </TD>
    <TD WIDTH="15%">
       &nbsp;
    </TD>
    <TD ALIGN="LEFT" VALIGN="TOP" WIDTH="77%">
      &nbsp;
    </TD>
  </TR>
</TABLE>
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</BODY>
</HTML>
<!-- End HTML Footer Page -->
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exhibit1.htm
<DESCRIPTION>EX-99.1
<TEXT>
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<HTML>
<HEAD>
<TITLE>
Exhibit&nbsp;&nbsp;EX-99.1
</TITLE>
</HEAD>
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<BODY style="font-family: 'Times New Roman',Times,serif">


<P align="center" style="font-size: 10pt"><FONT style="font-size: 12pt"><B>AVINO SILVER &#038; GOLD MINES LTD.</B><BR>
Suite&nbsp;400 &#151; 455 Granville Street<BR>
Vancouver, B.C.<BR>
V6C 1T1</FONT>



<P align="center" style="font-size: 12pt"><B>NOTICE OF EXTRAORDINARY GENERAL MEETING OF MEMBERS</B>



<P align="left" style="font-size: 12pt">TAKE NOTICE that the Extraordinary General Meeting of Members of Avino Silver &#038; Gold Mines Ltd.
(hereinafter called the &#147;Company&#148;) will be held at Suite&nbsp;400, 455 Granville Street, Vancouver,
B.C., V6C 1T1, on:


<P align="center" style="font-size: 12pt">Tuesday, March&nbsp;11, 2003



<P align="left" style="font-size: 12pt">at the hour of 2:00 o&#146;clock in the afternoon (Vancouver time) for the following purpose:



<P align="left" style="margin-left:8%; font-size: 12pt">To ratify and approve, with or without amendment, by special resolution the
disposition of all of the Company&#146;s right, title, and interest in and to the
Bralorne Mine Property and all equipment to Bralorne-Pioneer Gold Mines Ltd.
(&#147;BPN&#148;), in consideration of BPN&#146;s assumption of all liabilities and an indemnity
to the Company against any further liability in connection therewith.


<P align="left" style="font-size: 12pt">Accompanying this Notice are an Information Circular and Form of Proxy.


<P align="left" style="font-size: 12pt">A shareholder entitled to attend and vote at the Meeting is entitled to appoint a proxyholder to
attend and vote in his stead. If you are unable to attend the Meeting, or any adjournment thereof,
in person, please read the Notes accompanying the Form of Proxy enclosed herewith and then complete
and return the Proxy within the time set out in the Notes. The enclosed Form of Proxy is solicited
by Management but, as set out in the Notes, you may amend it if you so desire by striking out the
names listed therein and inserting in the space provided the name of the person you wish to
represent you at the Meeting.


<P align="center" style="font-size: 12pt">DATED at Vancouver, British Columbia, this 28th day of January, 2003.



<P align="center" style="font-size: 12pt">BY ORDER OF THE BOARD OF DIRECTORS



<P align="center" style="font-size: 12pt">&#147;Louis Wolfin&#148;<BR>
President




<P align="center" style="font-size: 10pt; display: none">


</BODY>

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</HTML>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>exhibit2.htm
<DESCRIPTION>EX-99.2
<TEXT>
<!-- ExhibitContentHeader Page -->
<HTML>
<HEAD>
<TITLE>
Exhibit&nbsp;&nbsp;EX-99.2
</TITLE>
</HEAD>
<!-- End HTML Header Page -->
<!-- ExhibitContentPage -->

<BODY style="font-family: 'Times New Roman',Times,serif">


<P align="center" style="font-size: 10pt"><FONT style="font-size: 12pt"><B>AVINO SILVER &#038; GOLD MINES LTD.<BR>
Suite&nbsp;400 &#151; 455 Granville Street<BR>
Vancouver, B.C. V6C 1T1</B></FONT>



<P align="center" style="font-size: 12pt"><B>INFORMATION CIRCULAR<BR>
AS AT AND DATED JANUARY 28, 2003</B>



<P align="left" style="font-size: 12pt">This Information Circular accompanies the Notice of the 2003 Extraordinary General Meeting of
members of Avino Silver &#038; Gold Mines Ltd. (hereinafter called the &#147;Company&#148;), and is furnished in
connection with a solicitation of proxies for use at that Meeting and at any adjournment thereof.


<P align="center" style="font-size: 12pt"><B>REVOCABILITY OF PROXY</B>



<P align="left" style="font-size: 12pt">In addition to revocation in any other manner permitted by law, a proxy may be revoked by
instrument in writing executed by the member or his attorney authorized in writing, or if the
member is a corporation, by a duly authorized officer or attorney thereof, and deposited either at
the registered office of the Company at any time up to and including the last business day
preceding the day of the Meeting, or any adjournment thereof, or, as to any matter in respect of
which a vote shall not already have been cast pursuant to such proxy, with the Chairman of the
Meeting on the day of the Meeting, or any adjournment thereof, and upon either of such deposits the
proxy is revoked.


<P align="center" style="font-size: 12pt"><B>PERSONS OR COMPANIES MAKING THE SOLICITATION</B>



<P align="center" style="font-size: 12pt">THE ENCLOSED PROXY IS BEING SOLICITED BY MANAGEMENT OF THE COMPANY



<P align="left" style="font-size: 12pt">Solicitations will be made by mail and possibly supplemented by telephone or other personal contact
to be made without special compensation by regular officers and employees of the Company. The
Company may reimburse members&#146; nominees or agents (including brokers holding shares on behalf of
clients) for the cost incurred in obtaining from their principals authorization to execute forms of
proxy. No solicitation will be made by specifically engaged employees or soliciting agents. The
cost of solicitation will be borne by the Company.


<P align="center" style="font-size: 12pt"><B>VOTING SHARES AND PRINCIPAL HOLDERS THEREOF</B>



<P align="left" style="font-size: 12pt">The Company is authorized to issue 25,000,000 common shares without par value. There is one class
of shares only. There are issued and outstanding 5,988,525 shares. At a General Meeting of the
Company, on a show of hands, every member present in person and entitled to vote shall have one
vote, and on a poll every member present in person or represented by proxy and entitled to vote
shall have one vote for each share of which such member is the registered holder. Shares
represented by proxy will only be voted on a poll.
<BR>
To the knowledge of the directors and senior officers of the Company, no person or company
beneficially owns, directly or indirectly, or exercises control or direction over, voting
securities carrying more than 10% of the outstanding voting rights of the Company.


<P align="left" style="font-size: 12pt">The directors have determined that all members of record as of the 7th day of February, 2003 will
be entitled to receive notice of and to vote at the Meeting. Those members so desiring may be
represented by proxy at the Meeting. The instrument of proxy, and the power of attorney or other
authority, if any, under which it is signed or a notarially certified copy thereof, must be
deposited either at the office of the Registrar and Transfer Agent of the Company, 10th Floor 625
Howe Street, Vancouver, B.C., V6C 3B8, or at the Head Office of the Company at Suite&nbsp;400 -455
Granville Street, Vancouver, B.C., V6C 1T1, not less than 48 hours, Saturdays and holidays
excepted, prior to the time of the holding of the Meeting or any adjournment thereof.


<P align="center" style="font-size: 12pt"><B>BENEFICIAL HOLDERS</B>



<P align="left" style="font-size: 12pt">Only registered shareholders or duly appointed proxyholders are permitted to vote at the Meeting.
Most shareholders of the Company are &#147;non-registered&#148; or &#147;beneficial&#148; shareholders because the
shares they own are not registered in their names, but are instead registered in the name of the
brokerage firm, bank or trust company through which they purchased the shares. More particularly, a
person is not a registered shareholder in respect of shares which are held on behalf of that person
(the &#147;Beneficial Holder&#148;) but which are registered either: (a)&nbsp;in the name of an intermediary (an
&#147;Intermediary&#148;) that the Beneficial Holder deals with in respect of the shares (Intermediaries
include, among others, banks, trust companies, securities dealers or brokers and trustees or
administrators of self-administered RRSP&#146;s, RRIF&#146;s, RESPs and similar plans); or (b)&nbsp;in the name of
a clearing agency (such as The Canadian Depository for Securities Limited (&#147;CDS&#148;)) of which the
Intermediary is a participant. In accordance with the requirements of National Instrument 54101 of
the Canadian Securities Administrators, the Company has distributed copies of the Notice of
Meeting, this Information Circular and the Proxy (collectively, the &#147;Meeting Materials&#148;) to the
clearing agencies and Intermediaries for onward distribution to Beneficial Holders.


<P align="left" style="font-size: 12pt">Intermediaries are required to forward the Meeting Materials to Beneficial Holders unless a
Beneficial Holder has waived the right to receive them. Very often, Intermediaries will use service
companies to forward the Meeting Materials to Beneficial Holders. Generally, Beneficial Holders who
have not waived the right to receive Meeting Materials will either:


<P align="left" style="font-size: 12pt">(a)&nbsp;be given a form of proxy <B>which has already been signed by the Intermediary </B>(typically by a
facsimile, stamped signature), which is restricted as to the number of shares beneficially owned by
the Beneficial Holder but which is otherwise not completed. Because the Intermediary has already
signed the form of proxy, this form of proxy is not required to be signed by the Beneficial Holder
when submitting the proxy. In this case, the Beneficial Holder who wishes to submit a proxy should
otherwise properly complete the form of proxy and <B>deposit it with the Company&#146;s transfer agent as
provided above; or</B>


<P align="left" style="font-size: 12pt">(b)&nbsp;more typically, be given a voting instruction form <B>which is not signed by the Intermediary</B>, and
which, when property completed and signed by the Beneficial Holder and <B>returned to the Intermediary
or its service company, </B>will constitute voting instructions (often called a &#147;proxy authorization
form&#148;) which the Intermediary must follow. Typically, the proxy authorization form will consist of
a one page pre-printed form. Sometimes, instead of the one page pre-printed form, the proxy
authorization form will consist of a regular printed proxy form accompanied by a page of
instructions which contains a removable label containing a bar-code and other information. In order
for the form of proxy to validly constitute a proxy authorization form, the Beneficial Holder must
remove the label from the instructions and affix it to the form of proxy, properly complete and
sign the form of proxy and return it to the Intermediary or its service company in accordance with
the instructions of the Intermediary or its service company.


<P align="left" style="font-size: 12pt">In either case, the purpose of this procedure is to permit Beneficial Holders to direct the voting
of the shares which they beneficially own. Should a Beneficial Holder who receives one of the above
forms wish to vote at the Meeting in person, the Beneficial Holder should strike out the names of
the Management Proxyholders named in the form and insert the Beneficial Holder&#146;s name in the blank
space provided. In either case, Beneficial Holders should carefully follow the instructions of
their Intermediary, including those regarding when and where the proxy or proxy authorization form
is to be delivered.


<P align="center" style="font-size: 12pt"><B>INTEREST OF INSIDERS IN MATERIAL TRANSACTIONS</B>



<P align="left" style="font-size: 12pt">No insider of the Company and no associate or affiliate thereof, has any material interest, direct
or indirect, in any transaction since the commencement of the Company&#146;s last financial year or in
any proposed transaction, which, in either case, has materially affected or will materially affect
the Company or any of its subsidiaries, other than as disclosed under the heading &#147;Particulars of
Matters to be Acted Upon&#148;.


<P align="center" style="font-size: 12pt"><B>INTEREST OF CERTAIN PERSONS IN MATTERS TO BE ACTED UPON</B>



<P align="left" style="font-size: 12pt">None of the directors or senior officers of the Company, no management nominee for election as a
director of the Company, none of the persons who have been directors or senior officers of the
Company since the commencement of the Company&#146;s last completed financial year and no associate or
affiliate of any of the foregoing has any material interest, direct or indirect, by way of
beneficial ownership of securities or otherwise, in any matter to be acted upon at the Meeting,
other than as disclosed under the heading &#147;Particulars of Matters to be Acted Upon&#148;.


<P align="center" style="font-size: 12pt"><B>PARTICULARS OF MATTERS TO BE ACTED UPON</B>



<P align="left" style="font-size: 12pt"><B>Disposition of Bralorne Mine Property</B>
<BR>
The Company held a 50% joint venture interest in the Bralorne Mine Property and all mining
equipment, present and future (the &#147;Mortgaged Property&#148;), and Bralorne-Pioneer Gold Mines Ltd.
(&#147;BPN&#148;) held the remaining 50% interest. In 1995, both Avino and BPN jointly issued Mortgage Bonds
secured by a Trust Indenture dated August&nbsp;31, 1995, as amended (the &#147;Indenture&#148;) and a specific
fixed charge mortgage against the Mortgaged Property to raise US$2.0&nbsp;million (the &#147;Loan&#148;) for the
further development of the Mortgaged Property. The Loan bears interest at the rate of 7% per annum,
calculated and payable annually. Louis Wolfin, Ernest Calvert, William Glasier, William Kocken, and
David Wolfin, directors and/or officers of the Company, are also directors and/or officers of BPN
(the &#147;Common Principals&#148;). The Common Principals of course abstained from voting on the resolutions
of the Board of Directors of the Company for the approval of the assignment to BPN.


<P align="left" style="font-size: 12pt">The Company&#146;s investment in the project was $1,602,775, for which the Company carried an offsetting
liability of CDN$1,629,171, representing its 50% share of the Mortgage Bonds. Although the Company
is jointly liable with BPN under the provisions of the Indenture for the repayment of the Mortgage
Bonds, the recourse of the bondholders against the Company is limited to the Company&#146;s interest in
the Mortgaged Property. In order to reduce the Company&#146;s liabilities and clean up its balance
sheet, the management of the Company decided that it was in the Company&#146;s best interests to
transfer all of its interests in the Mortgaged Property to BPN.


<P align="left" style="font-size: 12pt">Accordingly, by an Assignment Agreement dated June&nbsp;21, 2002, the Company transferred all of its
right, title and interest in and to the Mortgaged Property to BPN, in consideration of BPN&#146;s
assumption of all liability under the Indenture and BPN&#146;s indemnity to the Company against any
further liability for the Mortgaged Property or under the Indenture. Since at that time, this
transfer represented the disposition of all or substantially all of the undertaking of the Company,
the Company seeks the approval of the shareholders of the Company by special resolution for
shareholder ratification of the assignment to BPN. A &#147;special resolution&#148; means essentially a
resolution approved by at least 75% of those members who, being entitled to do so, vote in person
or by proxy at the meeting.


<P align="left" style="font-size: 12pt">Pursuant to the terms of the Indenture, the Maturity Date for the Loan was October&nbsp;25, 2002 at
which time the entire principal amount and all accrued interest became due and payable. The default
in payment at that time was waived by an Amending Agreement dated October&nbsp;26, 2002 negotiated by
BPN, whereunder the bondholders agreed to extend the Maturity Date for one year to October&nbsp;25,
2003, on the following essential terms:


<P align="left" style="font-size: 12pt">1.&nbsp;BPN will pay the overdue 2002 accrued interest in installments on or before March&nbsp;31, 2003;


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>BPN will pay to the Trustee under the Indenture the sum representing the 2003 interest on or
before June&nbsp;30, 2003, to be held in escrow and paid out to the bondholders on October&nbsp;24,
2003;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>BPN will also pay interest on the 2002 interest in arrears on or before October&nbsp;24, 2003;
and;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>BPN has granted to the bondholders a right to convert the principal amount of their Mortgage
Bonds into Units of BPN at a conversion rate of $0.50 per Unit, each Unit consisting of one
common share of BPN, and one non-transferable share purchase warrant (the &#147;Warrants&#148;). Two
Warrants and $0.75 will entitle the bondholder to purchase one additional common share until
October&nbsp;25, 2003.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 12pt">In the event that BPN defaults in the performance of any of its above described obligations, then
the waiver granted by the bondholders will be deemed revoked and all terms of the original
Indenture as it relates to defaults will remain in effect, including the right to appoint a
receiver or receiver-manager to take possession of and foreclose on the Mortgaged Property.


<P align="left" style="font-size: 12pt">In view of the financial condition of the Company, and the focus of the Company on its new recently
acquired mineral exploration projects, namely, the Aumax Property located 16 kms southwest of
Lillooet, in the Lillooet Mining Division, British Columbia, and the Eagle Project located in the
United Keno Hill camp, Yukon Territory, the management of the Company recommend that the
shareholders vote in favour of the disposition of the Company&#146;s interests in the Mortgaged
Property.


<P align="left" style="font-size: 12pt">There are no other matters to be acted upon at the Meeting.


<P align="left" style="font-size: 12pt">MANAGEMENT KNOWS OF NO OTHER MATTERS TO COME BEFORE THE MEETING OTHER THAN THOSE REFERRED TO IN THE
NOTICE OF MEETING. HOWEVER, SHOULD ANY OTHER MATTERS PROPERLY COME BEFORE THE MEETING, THE SHARES
REPRESENTED BY THE PROXY SOLICITED HEREBY WILL BE VOTED ON SUCH MATTERS IN ACCORDANCE WITH THE BEST
JUDGMENT OF THE PERSONS VOTING THE SHARES REPRESENTED BY THE PROXY.


<P align="center" style="font-size: 12pt"><B>APPROVAL AND CERTIFICATION</B>



<P align="left" style="font-size: 12pt">The contents of this Information Circular have been approved and this mailing has been authorized
by the Directors of the Company.


<P align="left" style="font-size: 12pt">Where information contained in this Information Circular, rests specifically within the knowledge
of a person other than the Company, the Company has relied upon information furnished by such
person.


<P align="left" style="font-size: 12pt">The foregoing contains no untrue statement of material fact and does not omit to state a material
fact that is required to be stated or that is necessary to make a statement not misleading in the
light of the circumstances in which it was made.

<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="42%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="53%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&#147;Louis Wolfin&#148;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Andrea D. Regnier</TD>
</TR>

<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">President
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Secretary</TD>
</TR>

<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>




<P align="center" style="font-size: 10pt; display: none">


</BODY>

<!-- End ExhibitContentPage -->
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</HTML>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.3
<SEQUENCE>4
<FILENAME>exhibit3.htm
<DESCRIPTION>EX-99.3
<TEXT>
<!-- ExhibitContentHeader Page -->
<HTML>
<HEAD>
<TITLE>
Exhibit&nbsp;&nbsp;EX-99.3
</TITLE>
</HEAD>
<!-- End HTML Header Page -->
<!-- ExhibitContentPage -->

<BODY style="font-family: 'Times New Roman',Times,serif">


<P align="center" style="font-size: 10pt"><FONT style="font-size: 12pt"><B>AVINO SILVER &#038; GOLD MINES LTD.</B></FONT>



<P align="center" style="font-size: 12pt"><B>Suite&nbsp;400 &#151; 455 Granville Street</B>



<P align="center" style="font-size: 12pt"><B>Vancouver, B.C.<BR>
V6C 1T1</B>



<P align="center" style="font-size: 12pt"><B>THIS PROXY IS SOLICITED BY THE MANAGEMENT<BR>
of<BR>
AVINO SILVER &#038; GOLD MINES LTD.</B>



<P align="center" style="font-size: 12pt"><B>PROXY FOR AN EXTRAORDINARY GENERAL MEETING OF MEMBERS<BR>
TO BE HELD ON TUESDAY, MARCH 11, 2003</B>



<P align="left" style="font-size: 12pt">The undersigned Member of Avino Silver &#038; Gold Mines Ltd. (hereinafter called the &#147;Company&#148;) hereby
appoints Louis Wolfin, or failing him, Andrea D. Regnier, or <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>(please
print name) as proxyholder of the Member with power of substitution to attend, act and vote for and
on behalf of the Member in respect of all matters that may properly come before the Extraordinary
General Meeting of Members of the Company to be held on Tuesday, March&nbsp;11, 2003 and at any
adjournment thereof, to the same extent and with the same powers as if the undersigned Member were
present at the said Meeting or any adjournment thereof.


<P align="left" style="font-size: 12pt">The Member hereby directs the proxyholder to vote the securities of the Company registered in the
name of the Member as indicated below:


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To ratify and approve, with or without amendment, by special resolution the disposition of
all of the Company&#146;s right, title, and interest in and to the Bralorne Mine Property and all
equipment to Bralorne-Pioneer Gold Mines Ltd. (&#147;BPN&#148;), in consideration of BPN&#146;s assumption of
all liabilities and an indemnity to the Company against any further liability in connection
therewith:</TD>
</TR>

</TABLE>

<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="53%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="42%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">In Favour: <FONT style="font-family: Symbol">&#127;</FONT>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Against: <FONT style="font-family: Symbol">&#127;</FONT></TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>



<P align="left" style="font-size: 12pt">THE SHARES REPRESENTED BY THIS PROXY WILL BE VOTED IN ACCORDANCE WITH THE INSTRUCTIONS GIVEN AND,
IF A CHOICE IS SPECIFIED WITH RESPECT TO ANY MATTER TO BE ACTED UPON, THE SHARES SHALL BE VOTED
ACCORDINGLY. WHERE NO CHOICE IS OR WHERE BOTH CHOICES ARE SPECIFIED IN RESPECT OF ANY MATTER TO BE
ACTED UPON, THE SHARES REPRESENTED HEREBY SHALL BE VOTED FOR THE ADOPTION OF ALL SUCH MATTERS. THIS
PROXY CONFERS UPON THE PERSON NAMED HEREIN AS NOMINEE DISCRETIONARY AUTHORITY WITH RESPECT TO
AMENDMENTS OR VARIATIONS TO MATTERS IDENTIFIED IN THE NOTICE AND OTHER MATTERS WHICH MAY PROPERLY
COME BEFORE THE MEETING.


<P align="left" style="font-size: 12pt">The undersigned hereby acknowledges receipt of the Notice of Extraordinary General Meeting of
Members and the accompanying Information Circular dated January&nbsp;28, 2003.


<P align="left" style="font-size: 12pt">If this Form of Proxy is not dated by the member in the space below, it is deemed to bear the date
on which it is mailed by the Company to the member.


<P align="left" style="font-size: 12pt">The undersigned hereby revokes any proxy previously given in respect of the Meeting. DATED this
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>day of <U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>, 2003.

<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="48%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Name (Please Print
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Number of Shares Held</TD>
</TR>

<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Address
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>

<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Signature
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt; display: none">1
<!-- PAGEBREAK -->


<P align="center" style="font-size: 12pt"><B>INSTRUCTIONS FOR COMPLETION OF PROXY</B>



<P align="left" style="font-size: 12pt">1.&nbsp;This Proxy is solicited by the Management of the Company.


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>This form of proxy (&#147;Instrument of Proxy&#148;) <U><B><I>must be signed </I></B><I>by you, the Member</I></U>, or by
your attorney duly authorized by you in writing, or, in the case of a corporation, by a duly
authorized officer or representative of the corporation; and <B><I>if executed by an attorney,
officer, or other duly appointed representative</I></B>, the original or a notarial copy of the
instrument so empowering such person, or such other documentation in support as shall be
acceptable to the Chairman of the Meeting, must accompany the Instrument of Proxy.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B><I>If this Instrument of Proxy is not dated in the space provided</I></B>, authority is hereby given by
you, the Member, for the proxyholder to date this proxy seven (7)&nbsp;calendar days after the date
on which it was mailed to you, the Member, by Pacific Corporate Trust Company.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 12pt">4.&nbsp;<B>A Member who wishes to attend the Meeting and vote on the resolutions in person</B>, may do so as
follows:



<P align="left" style="margin-left:3%; font-size: 12pt">(a) <B>If you are a registered Member: </B>simply register with the scrutineer before the Meeting
begins.


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B>If you are a Member whose securities are held by a financial institution: </B>using the
reverse of this Instrument of Proxy, strike out the names of the management proxyholders
shown and insert your name as the proxyholder in the blank space provided, indicate a
voting choice for each resolution or, alternatively, leave the choices blank if you wish
not to vote until the Meeting; and sign, date and return the Instrument of Proxy to the
financial institution or its agent who will validate and file your votes with Pacific
Corporate Trust Company. At the Meeting, a vote will be take on each of the resolutions
set out on this Instrument of Proxy and the Member&#146;s vote will be counted at that time.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 12pt">5.&nbsp;<B>A Member who is not able to attend the Meeting in person but wishes to vote on the resolutions</B>,
may do the following:



<P align="left" style="margin-left:3%; font-size: 12pt">(a) <B>If you are a registered Member:</B>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B><I>To appoint one of the management proxyholders </I></B>named on the Instrument
of Proxy, leave the wording appointing a nominee as is (i.e. do not strike out the
management proxyholders shown and do not complete the blank space provided for the
appointment of an alternate proxyholder). Where no choice is specified by a Member
with respect to a resolution set out in the Instrument of Proxy, a management
appointee acting as a proxyholder will vote the resolution as if the Member had
specified an affirmative vote;</TD>
</TR>

</TABLE>



<P align="left" style="margin-left:6%; font-size: 12pt"><B><I>or</I></B>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B><I>To appoint another proxyholder</I></B>, who need not be a Member of the Company
to vote according to the Member&#146;s instructions, strike out the Management
proxyholders shown and insert the name of the person you wish to represent you at
the meeting in the space provided for an alternate proxyholder.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B><I>If you are a Member whose securities are held by a financial institution: </I></B>Complete
this Instrument of Proxy and return it to your financial institution or its agent to
validate and file your votes with Pacific Corporate Trust Company. Do not complete the
blank spac provided for the appointment of an alternate proxyholder unless that person
will be able to attend the Meeting and vote on your behalf.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">6.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><B><I>The securities represented by this Instrument of Proxy will be voted or withheld from voting
in accordance with the instructions of the Member on any poll </I></B>of a resolution that may be
called for and, if the Member specifies a choice with respect to any matter to be acted upon,
the securities will be voted accordingly. Further, if so authorized by this Instrument of
Proxy, the securities will be vote by the appointed proxyholder with respect to any amendments
or variations of any of the resolutions set out on the Instrument of Proxy or matters which
may properly come before the Meeting as th proxyholder in its sole discretion sees fit.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">7.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If a registered Member has submitted an Instrument of Proxy, <B><I>the Member may still attend the
Meeting and may vote in person</I></B>. To do so, the Member must record his/her attendance with the
scrutineer before the commencement of the Meeting and revoke, in writing, the prior votes.</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 12pt">To be represented at the Meeting, voting instructions must be DEPOSITED at the office of &#147;PACIFIC<BR>
CORPORATE TRUST COMPANY&#148; no later than forty eight (48)&nbsp;hours (excluding Saturdays, Sundays and<BR>
holidays) prior to the time of the Meeting, or any adjournment thereof. The mailing address of<BR>
Pacific Corporate Trust Company is 10th Floor, 625 Howe Street, Vancouver, British Columbia, V6C<BR>
3B8, and its fax number is (604)&nbsp;689-8144. Telephone voting can be completed at 1-888-Tel-Vote<BR>
(1-888-835-8683) and Internet voting at http://www.stocktronics.com/webvote




<P align="center" style="font-size: 10pt; display: none">2


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<TYPE>EX-99.4
<SEQUENCE>5
<FILENAME>exhibit4.htm
<DESCRIPTION>EX-99.4
<TEXT>
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Exhibit&nbsp;&nbsp;EX-99.4
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<P align="center" style="font-size: 10pt"><FONT style="font-size: 12pt"><B>PACIFIC CORPORATE TRUST COMPANY</B><BR>
625 Howe Street &#150; 10th Floor<BR>
Vancouver, B.C. V6C 3B8</FONT>



<P align="center" style="font-size: 12pt">Telephone: (604)&nbsp;689-9853<BR>
Fax: (604)&nbsp;689-8144



<P align="left" style="font-size: 12pt">February&nbsp;12, 2003


<P align="left" style="font-size: 12pt">B.C. Securities CommissionExecutive Director
<BR>
701 W Georgia Street, 9th Floor
<BR>
Vancouver, B.C. V7Y 1L2


<P align="left" style="font-size: 12pt">Dear Sirs\Mesdames:


<P align="left" style="font-size: 12pt"><B>RE: AVINO SILVER &#038; GOLD MINES LTD</B>



<P align="left" style="margin-left:4%; font-size: 12pt"><B>MAILING ON FEBRUARY 12, 2003</B>


<P align="left" style="font-size: 12pt">We confirm that on the above date, the following material issued by the subject Company was
forwarded by prepaid first class mail to all of the registered members of the Company and to
intermediaries in accordance with National Instrument 54-101:


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Notice of Meeting</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Information Circular
</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Proxy</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 12pt">Yours truly,


<P align="left" style="font-size: 12pt">PACIFIC CORPORATE TRUST COMPANY


<P align="left" style="font-size: 12pt">&#145;&#146;Laurie Waddington&#146;&#146;


<P align="left" style="font-size: 12pt">Laurie Waddington
<BR>
LW/jo

<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="52%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="43%">&nbsp;</TD>
</TR>

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<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">cc: Alberta Securities Commission
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">cc: TSX Venture Exchange</TD>
</TR>

<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">cc: Avino Silver &#038; Gold Mines Ltd.</TD>
</TR>

<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">cc: Salley Bowes Harwardt</TD>
</TR>

<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">cc: Matthew J Hoogendoom</TD>
</TR>

<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
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</DIV>




<P align="center" style="font-size: 10pt; display: none">


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<TYPE>EX-99.5
<SEQUENCE>6
<FILENAME>exhibit5.htm
<DESCRIPTION>EX-99.5
<TEXT>
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<P align="center" style="font-size: 10pt"><FONT style="font-size: 12pt"><B>INITIAL<BR>
ANNUAL INFORMATION FORM</B></FONT>



<P align="center" style="font-size: 12pt"><B>AVINO SILVER &#038; GOLD MINES LTD.</B>



<P align="center" style="font-size: 12pt">#400, 455 Granville Street,<BR>
Vancouver, British Columbia, V6C 1T1<BR>
Phone: (604)&nbsp;682-3701 &#151;Fax: (604)&nbsp;682-3600



<P align="center" style="font-size: 12pt">DATED: February&nbsp;20, 2003



<P align="left" style="font-size: 12pt">This Annual Information Form specifically includes by reference the audited financial statements of
the Issuer for its fiscal year ended January&nbsp;31, 2002, a copy of which is available on the SEDAR
website at www.sedar.com.


<P align="center" style="font-size: 12pt">ANNUAL INFORMATION FORM



<P align="left" style="font-size: 12pt">CORPORATE STRUCTURE


<P align="left" style="font-size: 12pt"><U>Name and Incorporation </U>


<P align="left" style="font-size: 12pt">Avino Silver &#038; Gold Mines Ltd. (the &#147;Issuer&#148;) was incorporated on May&nbsp;15, 1969 under the laws of
the Province of British Columbia by registration of its Memorandum and Articles pursuant to the
Company Act , British Columbia. On August&nbsp;22, 1969, the Issuer amalgamated with Ace Mining Company
Ltd., resulting in the Issuer becoming a public company by way of the registration of its Common
Shares under the Securities Exchange Act of 1924 and name of the Issuer being changed to Avino
Mines &#038; Resources Ltd. On April&nbsp;12, 1995, the Issuer&#146;s name was changed to International Avino
Mines Ltd. and the shares were consolidated on a one new share for every five old share basis. The
name of the Issuer was again changed to its present name on August&nbsp;29, 1997.


<P align="left" style="font-size: 12pt">The head office of the Issuer is located at 400 &#151; 455 Granville Street, Vancouver, British
Columbia, V6C 1T1. The Issuer&#146;s auditors are Hoogendoorn Vellmer (formerly Hoogendoorn &#038; Company),
Chartered Accountants of Vancouver, British Columbia and its Registrar and Transfer agent is
Pacific Corporate Trust Company of Vancouver, British Columbia.


<P align="left" style="font-size: 12pt"><U>Intercorporate Relationships </U>


<P align="left" style="font-size: 12pt">The Issuer has no subsidiaries. However, at January&nbsp;31, 2002, the Issuer&#146;s most recently completed
fiscal year, the Issuer owned 49% of the issued and outstanding shares of Cia Minera Mexicana de
Avino, S.A. de C.V (&#147;Cia Minera&#148;), a company incorporated in Mexico and involved in the mining of
commercial ores and in resource exploration and development. The Issuer&#146;s investment in this
affiliate was written down to $1 during fiscal 2002 due to the production operations being
uneconomical and shut down.


<P align="left" style="font-size: 12pt"><B>GENERAL DEVELOPMENT OF THE BUSINESS, ACQUISITIONS AND DISPOSITIONS</B>


<P align="left" style="font-size: 12pt">The Issuer is a natural resource company, primarily engaged in the acquisition, exploration and
development of natural resource properties since its inception. During the past three years, the
Issuer&#146;s principal business activities has been the exploration and development of mineral projects
located in the Lillooet Mining Division of British Columbia and its participation in the properties
in Mexico owned by Cia Minera.


<P align="left" style="font-size: 12pt">At January&nbsp;31, 2002, the Issuer&#146;s most recently completed financial year end, the Issuer held a 50%
joint venture interest in the Bralorne and Pioneer mines and property located in the Lillooet
Mining District of British Columbia in the Bridge River area near Lillooet, B.C. The Property
consists of 154 Crown Granted mineral claims, 5 reverted Crown granted mineral claims, 4 located
claims, 2 placer leases, 8 crown granted mineral claims and 32 reverted Crown granted mineral
claims which were acquired by the Issuer during a period of two years from 1991 to 1993.
Bralorne-Pioneer Gold Mines Ltd. (&#147;Bralorne-Pioneer&#148;), a public company with common directors,
earned a 50% joint venture interest in these properties (the &#147;Joint Venture Property&#148;) by making
payments totalling $491,392, issuing 200,000 common shares to the Issuer and incurring expenditures
totalling $808,608 by 1995 and the parties commenced joint venture operations on the properties. In
1998, the Issuer granted an option to Coral Gold Corporation (&#147;Coral&#148;), a public company with
common directors, to earn a 25% interest from its 50% interest in the Joint Venture Properties.
Coral made option payments of $700,000 during the next two years and shared a 25% interest in all
costs until it abandoned its option during the 2002 fiscal year. During the fiscal year ended
January&nbsp;31, 2002, the Issuer wrote-down the carrying value of the Bralorne Project to $1,600,000.


<P align="left" style="font-size: 12pt">In 1995, the Issuer and Bralorne-Pioneer jointly issued Mortgage Bonds secured by a Trust Indenture
dated August&nbsp;31, 1995, as amended (the &#147;Indenture&#148;) and a specific fixed charge mortgage against
the Joint Venture Property to raise US$2.0&nbsp;million (the &#147;Loan&#148;) for the further development of the
Joint Venture Property. The Loan bears interest at the rate of 7% per annum, calculated and payable
annually.


<P align="left" style="font-size: 12pt">The Issuer&#146;s investment in the project was $1,603,775, for which the Issuer carried an offsetting
liability of CDN$1,629,171, representing its 50% share of the Mortgage Bonds. Although the Issuer
is jointly liable with Bralorne-Pioneer under the provisions of the Indenture for the repayment of
the Mortgage Bonds, the recourse of the bondholders against the Issuer is limited to the Issuer&#146;s
interest in the mortgaged property. In order to reduce the Issuer&#146;s liabilities and clean up its
balance sheet, management of the Issuer decided that it was in the Issuer&#146;s best interests to
transfer all of its interests in the Joint Venture Property to Bralorne-Pioneer.


<P align="left" style="font-size: 12pt">Accordingly, subsequent to January&nbsp;31, 2002, the Issuer&#146;s most recently completed fiscal year, the
Issuer entered into an assignment agreement dated June&nbsp;21, 2002 with Bralorne-Pioneer (the
&#147;Assignment Agreement&#148;) whereby the Issuer agreed to assign and transfer and set over to
Bralorne-Pioneer all of its rights, obligations, benefits, obligations, title and interest in and
to the Mortgaged Property in consideration of Bralorne-Pioneer&#146;s assumption of all liability under
the Indenture and Bralorne-Pioneer&#146;s indemnity to the Issuer against any further liability for the
Mortgaged Property or under the indenture. Since this transfer represents the disposition of all or
substantially all of the undertaking of the Issuer, a special meeting of the shareholders will be
held on Tuesday, March&nbsp;11, 2003 to seek the approval of shareholders of the Issuer, by special
resolution for ratification of the assignment of the Joint Venture Property to Bralorne-Pioneer.
Management of the Issuer has recommended that, due to the financial condition of the Issuer and the
focus of the Issuer on its new recently acquired mineral properties, the shareholders vote in
favour of the disposition of the Issuer&#146;s interests in the Joint Venture Property.


<P align="left" style="font-size: 12pt">Pursuant to the terms of the Indenture, the maturity date for the Loan was October&nbsp;25, 2002, at
which time the entire principal amount and all accrued interest became due and payable. The
default in payment at that time was waived by an Amending Agreement dated October&nbsp;26, 2002
negotiated by Bralorne-Pioneer, whereunder the bondholders agreed to extend the maturity date for
one year to October&nbsp;25, 2003 on the following terms:


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Bralorne-Pioneer will pay the overdue 2002 accrued interest in the installments on or before
March&nbsp;31, 2003;</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Bralorne-Pioneer will pay to the Trustee under the Indenture the sum representing the 2003
interest on or before June&nbsp;30, 2003, to be held in escrow and paid out to the bondholders on
October&nbsp;24, 2003; and</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Bralorne-Pioneer has granted the bondholders a right to convert the principal amount of their
Mortgage Bonds into Units of Bralorne-Pioneer at a conversion rate of $0.50 per Unit, each
Unit consisting of one common share of Bralorne-Pioneer and one non-transferable share
purchase warrant (the &#147;Warrants&#148;). Two Warrants and $0.75 will entitle the bondholders to
purchase one further common shares of Bralorne-Pioneer until October&nbsp;25, 2003.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 12pt">In the event that Bralorne-Pioneer defaults in the performance of any of its obligations, then the
waiver granted by the bondholders will be deemed revoked and all terms of the original Indenture,
as it relates to defaults, will remain in effect, including the right to appoint a receiver or
receiver-manager to take possession of, and foreclose, on the Mortgaged Property.


<P align="left" style="font-size: 12pt">By way of the 49% ownership of its Mexican affiliate, the Issuer has a 49% interest in the Coneta
mineral property and the Avino Mine which has, over the years, been a producing silver mine located
in Durango, Mexico. During fiscal 2002, it was determined that production at the Avino mine was
uneconomical and the mining and milling was suspended due to the declining prices for silver, gold
and copper. It was decided that the mine would be maintained on a standby basis pending an
improvement in the metal prices. As a result, the carrying value of the Issuer&#146;s investment in the
Coneta and Avino Mine projects and the value of the affiliate was reduced to a nominal $1.00. The
controlling shareholder of the affiliate was assigned the right to fund exploration and development
of the Coneto mineral project for a 75% interest in the project, which would leave the Issuer with
a 25% interest.


<P align="left" style="font-size: 12pt">Subsequent to January&nbsp;31, 2002, the Issuer acquired the following mineral properties:


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A silver property, known as the Eagle Project, from Thomas Gelfand of Vancouver, B.C. who is
at arm&#146;s length to the Issuer. The Eagle Project is located in the United Hill camp in the
Mayo District of the Yukon Territory. Consideration for this acquisition was the issuance of
200,000 common shares.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>A Mineral property located in the Lillooet Mining Division of British Columbia from Gary
Polischuk, who is at arm&#146;s length to the Issuer, for $4,000 on execution of the Aumax
Agreement and the issuance of 200,000 common shares of the Issuer on receipt of TSX Venture
Exchange acceptance of the terms of a property agreement dated for reference December&nbsp;11, 2002
(the &#147;Aumax Agreement&#148;). The property being acquired is known as the Aumax #1 &#150; 6 and
consists of unpatented mineral claims comprising 39 units, located about 16 kilometres
south-west of Lillooett, British Columbia.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 12pt">It is anticipated that the Issuer will concentrate its exploration and development activities
during the next fiscal year on the Aumax Property .


<P align="left" style="font-size: 12pt"><B>NARRATIVE DESCRIPTION OF THE BUSINESS</B>


<P align="left" style="font-size: 12pt">At January&nbsp;31, 2002, the end of the Issuer&#146;s most recently completed fiscal year, the Issuer&#146;s
business consisted of the exploration and development of its 50% interest in the Property pursuant
to its joint venture agreement with Bralorne-Pioneer, and it interest in Cia Minera. During the
past fiscal year, the Issuer had no operating revenues and included in the net loss of $2,217,240
reported as at January&nbsp;31, 2002 was a write-down of Cia Minera to $1 and the write-down of the
Bralorne Project to $1,600,000 being the book value of limited recourse debt secured by the
property, net of its share of sundry current assets of the joint venture.


<P align="left" style="font-size: 12pt">The Issuer owns 1,791,392 common shares of Bralorne-Pioneer with a quoted value as at January&nbsp;31,
2002 of $250,795. The Issuer also owns 141,200 common shares of Levon Resources Ltd., a related
company with common directors. The investment in Levon Resources Ltd. was written down to a quoted
market value of $7,060 at January&nbsp;31, 2001 by a charge to operations of $7,060 and a quoted market
value of $4,236 at January&nbsp;31, 2002 by a charge to operations of $2,824.


<P align="left" style="font-size: 12pt">Because it is the Issuer&#146;s intentions to concentrate its exploration and development activities
during the next year on the Aumax Property, the following information on the Issuer&#146;s Aumax
Property is taken from a report prepared for the Issuer by J. Wayne Pickett, MSc, P.Geo.(NFL &#038;
B.C.), dated November&nbsp;28, 2002, titled &#147;Avino Silver &#038; Gold Aumax Report&#148;. The Aumax Report has
been filed with the regulatory authorities via the SEDAR website and may reviewed on the website at
www.SEDAR.com. . <U>PROPERTY DESCRIPTION AND LOCATION </U>


<P align="left" style="font-size: 12pt">The Aumax Property located about 16 kilometres southwest of Lillooet, British Columbia consists of
6 unpatented mineral claims comprising 39 units (about 9.8 km) registered to Gary Polischuk of
Lillooet, B.C. The claims are on N.T.s. map sheet area 92J/9E at latitude 50&#176;34&#146; north and
longitude 122&#176;03&#146;west in the Lillooet Mining Division.


<P align="left" style="font-size: 12pt">Particulars of the Aumax Property is set out in the following table:

<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="18%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="24%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="26%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Claim Name</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Tenure #</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Registered Owner</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Good Standing Until</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B># of Units</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Aumax #1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">368966</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Gary Polischuk
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">May&nbsp;9, 2003
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">20</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Aumax #2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">368967</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Gary Polischuk
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">May&nbsp;9, 2003
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">15</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
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</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Aumax #3
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">371390</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Gary Polischuk
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">September&nbsp;1, 2003
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
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<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Aumax #4
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">371391</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Gary Polischuk
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">September&nbsp;1, 2003
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
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</TD>
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<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Aumax #5
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">371392</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Gary Polischuk
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">September&nbsp;1, 2003
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
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</DIV></TD>
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</TD>
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</TD>
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    <TD>&nbsp;</TD>
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    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Aumax #6
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">371393</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Gary Polischuk
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">September&nbsp;1, 2003
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">1</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
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    <TD nowrap valign="top">&nbsp;</TD>
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</TD>
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</TD>
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    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="left" style="font-size: 12pt">The Issuer acquired a 100% right, title and interest in the Aumax Claims on reciept of TSX Venture
Exchange acceptance of the agreement with Randy Polischuk and on payment of $104,000 and issuance
of 200,000 of its common shares to Randy Polischuk.


<P align="left" style="font-size: 12pt">The Aumax Property has not been legally surveyed and to the extent known to the author of the Aumax
Report, the property is not subject to any environmental liabilities at the time of writing nor is
the property subject to the terms of any royalties, back-in rights, payments or other agreements
and encumbrances other than those that may be indicated by the Issuer in the future, should such
information become known.


<P align="left" style="font-size: 12pt">A &#147;Mineral &#038; Coal Notice of Work and Reclamation&#148; must be filed to and approved by the British
Columbia Ministry of Energy and Mines, Energy and Minerals Division, Mines Branch, prior to
carrying out proposed mechanical trenching and diamond drilling as well as for any road
construction required for access.


<P align="left" style="font-size: 12pt">Quartz vein hosted silver and gold represents the deposit type being explored in the Aumax area.
Mineralization has been discovered at two locations on the property, the Aumax Silver/Gold Zone and
the Upper Gold Zone. Refer to the Aumax Report, Figures 2,7,8, and 16 to 22, for further
particulars of known mineralized showings on the Aumax Property.


<P align="left" style="font-size: 12pt"><U>ACCESS, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE AND PHYSIOGRAPHY </U>


<P align="left" style="font-size: 12pt">A logging road that branches off Highway 99 (the Duffy Lake Road) about 23 km southwest of Lillooet
provides access to the western portion of the property. The Aumax Property which is in a rain/snow
shadow of the Shulaps Range, has a semi-arid climate with mean annual precipitation from 30-50
centimetres. Temperatures range from -10&#176; to 0&#176;C in the cool dry winters to 18&#176; to 20&#176;C in the hot
dry summers.


<P align="left" style="font-size: 12pt">Topography in the area is moderate to steep, rising from 1000 m in the western portion of the
property to about 2100 m approximately midway along its southern boundary.


<P align="left" style="font-size: 12pt"><U>HISTORY </U>


<P align="left" style="font-size: 12pt">In 1999, Gary Polischuk discovered tetrahedrite-bearing quartz boulders and a separate gold-bearing
C-horizon soil gossan on what is currently the Aumax Property. No work prior to that time has been
documented on the property.


<P align="left" style="font-size: 12pt"><U>GEOLOGICAL SETTING </U>


<P align="left" style="font-size: 12pt">Meta-volcanic rocks and cherts of the Mississippian to Middle Jurassic Bridge River Complex
underlie most of the Aumax Property. Rocks of the Bridge River Complex are in fault contact with
early Cretaceous clastic sedimentary rocks of the Cayoosh Assemblage, which underlie the extreme
northwestern portion of the property. A late Cretaceous or Early Tertiary granodiorite body
underlies the area immediately southwest of the property. The Bridge River Complex comprises an
oceanic assemblage of greenstone and pelagic ribbon cherts accompanied by lesser amounts of
siliceous siltstone locally interleaved with small amounts of graywacke, limestone and ultramafic
rocks. The Cayoosh Assemblage is a turbiditic sequence characterized by upward-coarsening mostly
fine-grained clastic sedimentary rocks including phyllitic argillite, siltstone, sandstone and
conglomerate. In the Aumax property area, the Bridge River Complex has been structurally emplaced
over the Cayoosh Assemblage along the sub-horizontal to shallow or moderate notheast-dipping
Cayoosh Creek fault. The topography shows linear features in two prominent directions: north to
north-northwesterly and east to east-southeasterly.


<P align="left" style="font-size: 12pt"><U>EXPLORATION </U>


<P align="left" style="font-size: 12pt">In that this is a new property acquisition, the Issuer has conducted no exploration work on the
Aumax Property, to date.


<P align="left" style="font-size: 12pt">Mineralized quartz boulders noted by Randy Polischuk during establishment of a logging road were
the first indications of potential silver/gold mineralization in the Aumax Silver/Gold Zone area.
Gary Polischuk subsequently prospected, soil sampled and dug several hand trenches in the area
thereby partially uncovering tetrahedrite-bearing quartz veining material. For particulars of
exploration conducted by others on the Aumax Property, refer to the Aumax Report.


<P align="left" style="font-size: 12pt"><U>MINERALIZATION </U>


<P align="left" style="font-size: 12pt">At the Aumax Silver/Gold Zone of mineralization, large transported slabs of intermediate tuffs and
cherty argillite of the Bridge River Complex host tetrahedrite-bearing quartz veins that are highly
anomalous in silver (up to 630g/t of 18 oz/ton) and gold (&#062;1g/t). In addition, angular
tetrahedrite-bearing quartz boulders, typically 1.5 m across, locally contain high grade silver (up
to 2700 g/t or 78 oz./ton) and gold (up to 8 g/t). Quartz veins hosting the mineralization are
milky white and locally brecciated, vuggy and drusy. The veins generally contain trace to moderate
amounts of hematite and limonite and locally disseminated black sulphosalts, malachite and azurite.
Anomalous silver in the veins is accompanied by anomalous arsenic, antimony, and copper suggesting
theat the silver is contained mostly within tetrahedrite possibly accompanied by other sulphosalts.
Anomalous lead also typical of the veins is probably contained in trace amounts of gelana. Altered
zones flanking the silver-bearing quartz veins are anomalous in gold and arsenic but generally not
in silver.


<P align="left" style="font-size: 12pt">A gold-silver-arsenic-in-soil anomaly 100-250 m wide extends down slope to the northwest for about
350 m from the Aumax Silver/Gold Zone. A gap in the anomaly in the area of the mineralized boulders
probably reflects a change in slope from a steep to more moderate incline. Upslope from the gap,
soils anomalous in one or more of gold, silver and arsenic outline additional anomalies that
probably reflect mineralization further upslope to the southeast.


<P align="left" style="font-size: 12pt">It is possible that the source of the silver-bearing quartz boulders is uphill to the southeast.
Test pits dug in the vicinity of accessible anomalous areas upslope from the mineralized boulders
did not reach bedrock and therefore the anomalies remain unexplained. Anomalies furthest upslope
were not readily accessible by excavator and have not been tested.


<P align="left" style="font-size: 12pt">The Upper Gold Zone of mineralization is located about 1.2 km to the southeast of the Aumax
Silver/Gold Zone and approximately 600 m higher at about 2000 m elevation. The zone is indicated
by a C-horizon soil gossan trending about 150 degrees. Soil samples collected from the gossan
returned 0.7 to 4.5 g/t Au. Gold is accompanied by silver (up to 30 g/t or 1 oz./ton), and As (up
to 2.6%). Other soil samples collected in the area are also anomalous in gold. Samples of quartz
veins cutting greenstone and/or chert flanking the gossan returned anomalous gold (up to 200 ppb).


<P align="left" style="font-size: 12pt">Soils in the Upper Gold Zone are highly anomalous in gold (up to 4.3 g/t). Quartz veins cutting
greenstone and chert in the area do have anomalous concentrations of gold (90 to 220 ppb) but,
unless there has been a very high degree of mechanical and/or chemical concentration of gold during
weathering and soil formation, these veins are not the source of soil anomaly.


<P align="left" style="font-size: 12pt"><U>SAMPLING AND ANALYSIS </U>


<P align="left" style="font-size: 12pt">Rock sampling previously carried out on the property by others included grab samples of vein
material and altered zones considered to have potential for mineralization. In the trenched areas,
vein material and altered zones were chip sampled, where possible at right angles to strike and
dip. Details of location, number, type and nature of the samples are presented in the Aumax Report
at Appendix&nbsp;C. Initial rock sampling prior to the 1999 Gold-Ore program was carried out by
prospector and registered property owner, Gary Polischuk.


<P align="left" style="font-size: 12pt">The soil sampling program was carried out using flagged cross lines trending east and west of a
north-south baseline marked by pickets at 25 to 50 m intervals. Soils were collected at 25 m
centres over an area 200 by 200 m centred on the Aumax Zone. Additional soils at 50 m intervals
expanded the are to 500 m by 500 m. A total of 175 soil samples were collected from the gridded
area. The samples, which consisted mostly of silty to gravelly eluvium were collect at 15 to 20 cm
depth after removing the topsoil utilizzziing a &#147;pelican pick&#148;. An enriched &#147;B-horizon&#148; is
developed only locally, but where present was included in the soil sample.


<P align="left" style="font-size: 12pt">Analytical methods and analyses are presented in the Aumax Report at Appendices A and B.


<P align="left" style="font-size: 12pt">Reconnaissance soil sampling carried out prior to the 1999 Gold-Ore exploration program was
conducted by the registered property owner Gary Polischuk


<P align="left" style="font-size: 12pt"><U>SECURITY OF SAMPLES </U>


<P align="left" style="font-size: 12pt">Samples collected in the field were placed in clear plastic bags and sealed to prevent cross
contamination. The sealed bags were placed in larger bags for transport to Eco-Tech Labs in
Kamloops, B.C. for analysis. They were shipped from Lillooet either by bus or by the author of the
Aumax Report. Quality control measures employed by the lab included repeat analyses and insertion
of standards as indicated in the Aumax Report at Appendix&nbsp;B.


<P align="left" style="font-size: 12pt"><U>MINING OPERATIONS </U>


<P align="left" style="font-size: 12pt">No mining operations are being considered at this time.


<P align="left" style="font-size: 12pt"><U>EXPLORATION AND DEVELOPMENT </U>


<P align="left" style="font-size: 12pt">A two phase-exploration program is recommended in the Aumax Report. Phase 1 comprises prospecting,
geological mapping, and additional soil sampling to be carried out upslope from the Aumax
Gold/Silver Zone as far as the upper Gold Zone about 1.2 km to the southeast. Additional soil
sampling, prospecting and geological mapping is recommended along linears in the area, particularly
in the areas where the linears intersect. A Phase 2 mechanical trenching and drilling program is
contingent on the location of areas of interest during Phase 1. A budget of $30,000 is proposed in
order to carry out the Phase 1 program.


<P align="left" style="font-size: 12pt"><B>RISK FACTORS</B>


<P align="left" style="font-size: 12pt">The Issuer&#146;s properties are in the exploration stage and are without a known body of commercial
ore. The business of exploration for minerals involves a high degree of risk and few properties
become producing mines. There is no assurance that the Issuer&#146;s future exploration and development
activities will result in any discoveries of commercial bodies of ore. Whether an ore body will be
commercially viable depends on a number of factors including the particular attributes of the
deposit such as size, grade, proximity to infrastructure, as well as mineral prices and government
regulations, including regulations relating to prices, taxes, royalties, land tenure, land use,
importing and exporting of minerals and environmental protection. The exact effect of these factors
cannot be accurately predicted but the combination of these factors may result in a mineral deposit
being unprofitable.


<P align="left" style="font-size: 12pt">The market price of metals is highly speculative and volatile. Instability in metal prices may
affect the interest in mining properties and the development of and production from such
properties.


<P align="left" style="font-size: 12pt">The Issuer does not have sufficient funds to complete all of its exploration and development
programs. Therefore, additional funds will be required. The only sources of future funds for its
exploration and development programs is the sale of equity capital or by entering into an option
and joint venture agreement with another party. There is no assurance that the Issuer will be
successful in obtaining further financing. A failure to obtain further financing could result in
the loss or substantial dilution of the Issuer&#146;s interests in its properties.


<P align="left" style="font-size: 12pt">Existing and possible future environmental legislation, regulations and actions could give rise to
additional expense, capital expenditures, restrictions and delays in the activities of the Issuer,
the extent of which cannot be predicted. Regulatory requirements and environmental standards are
subject to constant evaluation and may be significantly increased, which could materially affect
the business of the Issuer or its ability to develop its properties. Before production can
commence on any of its mineral properties, the Issuer must obtain regulatory and environmental
approvals. There is no assurance that such approvals will be obtained on a timely basis. The cost
of compliance with changes in governmental regulations has the potential to reduce the
profitability of operations or preclude entirely the economic development of the property.


<P align="left" style="font-size: 12pt"><B>SELECTED CONSOLIDATED FINANCIAL INFORMATION</B>


<P align="left" style="font-size: 12pt"><U>Annual Information </U>


<P align="left" style="font-size: 12pt">The following table provides particula rs of net sales and revenues, net income from continuing
operations, in total and on a per share and fully diluted bases, total net income or loss on a per
share and fully diluted share basis and total assets and long term financial liabilities during the
Issuer&#146;s three preceding financial years:

<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="34%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>January 31, 2002</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>January 31, 2001</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>January 31, 2000</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Revenues/Interest</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">1,195</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">643</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">2,567</TD>
    <TD>&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
    <TD style="border-top: 1px solid #000000"><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Net Income or (Loss)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">$</TD>
    <TD align="right">(3,290,582</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">$</TD>
    <TD align="right">(1,118,491</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">$</TD>
    <TD align="right">(683,799</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Per Share</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">$</TD>
    <TD align="right">(0.68</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">$</TD>
    <TD align="right">(0.24</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">$</TD>
    <TD align="right">(0.15</TD>
    <TD nowrap>)</TD>
</TR>

<TR style="font-size: 1px">
    <TD style="border-top: 1px solid #000000"><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Total Assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">2,239,468</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">5,026,775</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">5,807,32</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD style="border-top: 1px solid #000000"><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Long Term Debt</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD style="border-top: 1px solid #000000"><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Dividends</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD style="border-top: 1px solid #000000"><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="left" style="font-size: 12pt">During the past three fiscal years, there were no changes in the Issuer&#146;s accounting policies, no
significant acquisitions or dispositions or major changes in the direction of the Issuer&#146;s
business.


<P align="left" style="font-size: 12pt"><U>Quarterly Information </U>


<P align="left" style="font-size: 12pt">The following table provides particulars of the Issuer&#146;s net sales and revenues, net income from
continuing operations in total on a per share and fully diluted basis and net income or loss in
total on a per share and fully diluted basis for the last 8 quarterly periods ending January&nbsp;31,
2002:

<DIV align="center">
<TABLE style="font-size: 9pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="9%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
</TR>
<TR style="font-size: 9pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">January 31, 2002</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">October 31, 2001</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">July 31, 2001</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">April 30, 2001</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">January 31, 2001</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">October 31, 2000</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">July 31, 2000</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">April 30, 2000</TD>
</TR>
<TR style="font-size: 9pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Revenues</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">0</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">0</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">0</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">0</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">0</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">0</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">0</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">$163,197</TD>
</TR>
<TR style="font-size: 9pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">-</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">-</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">-</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">-</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">-</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">-</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">-</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 9pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Net</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="font-size: 9pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Income</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">($3,290,582</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">($130,763</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">($398,148</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">($195,381</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">($1,118,491</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">($68,250</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">($334,154</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">($101,707</TD>
    <TD nowrap>)</TD>
</TR>

<TR valign="bottom" style="font-size: 9pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Or (Loss)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="font-size: 9pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Per Share</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">($0.68</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">($0.02</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">($0.03</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">($0.02</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">($0.24</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">($0.01</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">($0.02</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">($0.01</TD>
    <TD nowrap>)</TD>
</TR>

<TR style="font-size: 1px">
    <TD style="border-top: 1px solid #000000"><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="left" style="font-size: 9pt"><FONT style="font-size: 12pt"><U>Dividends </U></FONT>


<P align="left" style="font-size: 12pt">No dividends have been declared by the Issuer, nor does the Issuer have a dividend policy or any
intention to commence such a policy.


<P align="left" style="font-size: 12pt"><B>MANAGEMENT&#146;S DISCUSSION AND ANALYSIS</B>


<P align="left" style="font-size: 12pt"><U>Results of Operations </U>


<P align="left" style="font-size: 12pt">The Issuer considers its business to comprise a single operating segment, being the exploration and
development of resource properties within the geographic area of Canada.


<P align="left" style="font-size: 12pt">For the year ended January&nbsp;31, 2002, the Issuer reported a net loss of $3,290,582, or $0.68 per
share, compared to a net loss of $1,118,491 or $0.24 per share for the fiscal year ended January
31, 2001. The Issuer had no operating revenues. An equity loss in Cia Minera in which the Issuer
has a 49% interest, recorded a loss of $2,217,240 of which the Issuer records a 49% equity
interest. During the year, the Avino Mine went into temporary closure until market prices for
silver improve. Cia Minera has determined that the price of silver, which is the main metal
recovered at the Avino Mine, must reach and maintain U.S. $5.50 per ounce before the mine will
reopen. The mine has no current feasibility report nor has it conducted enough exploration to
determine the expected life of the mine. The last estimate obtained by Cia Minera was in 1998 and
at the time the expected life of the Avino Mine was three years.


<P align="left" style="font-size: 12pt">During the current year ended January&nbsp;31, 2002, Coral Gold Corp. terminated its option to earn a
25% interest in the Issuer&#146;s 50% interest in the Bralorne &#038; Loco properties. Subsequent to the end
of the year, the Issuer transferred all of its interest in the Bralorne project to Bralorne-Pioneer
Gold Mines Ltd., a company with some common directors, together with the liabilities under the
debentures for unpaid principal and accrued interest, subject to shareholder approval.


<P align="left" style="font-size: 12pt">Under a Management Consulting Agreement dated August&nbsp;1, 1997, between the Issuer and Frobisher
Securities Inc., a private company controlled by the President of the Issuer, the Issuer pays
Frobisher remuneration of $2,500 per month, plus out of pocket expenses. Included in the amounts
payable under the agreement is $20,422 for the fiscal year ended January&nbsp;31, 2002.


<P align="left" style="font-size: 12pt">The Issuer also has a contract with Oniva International Services Corp., a private company owned by
the Issuer and three other affiliated companies, whereby Oniva provides administrative services to
the Issuer.


<P align="left" style="font-size: 12pt"><U>Liquidity and Capital Resources </U>


<P align="left" style="font-size: 12pt">At January&nbsp;31, 2002, the Issuer had a working capital deficiency of $358,812 and will need to
re-finance in order to maintain operations. At October&nbsp;31, 2002, the end of the Issuer&#146;s third
quarter, the Issuer had a working capital deficiency of $320,570.


<P align="left" style="font-size: 12pt">At this time the Issuer has no operating revenues and does not anticipate any operating revenues
until the Issuer is able to find, acquire, place into production and operate a profitable mining
property. Historically the Issuer has raised funds through equity financing and the exercise of
options and warrants to fund its operations.


<P align="left" style="font-size: 12pt">During fiscal 2002, the Issuer settled liabilities totalling $276,347 with related parties by the
issuance of 727,309 shares at a price of $0.38 per share.


<P align="left" style="font-size: 12pt"><U>Competition </U>


<P align="left" style="font-size: 12pt">The mining industry in which the Issuer is engaged is in general highly competitive. Competitors
include well-capitalized mining companies, independent mining companies and other companies having
financial and other resources far greater than those of the Issuer. The Issuer competes with other
mining companies in connection with the acquisition of gold and other precious metal properties. In
general, properties with a higher grade of recoverable mineral and/or which are more readily
mineable afford the owners a competitive advantage in that the cost of production of the final
mineral product is lower. Thus, a degree of competition exists between those engaged in the mining
industry to acquire the most valuable properties.


<P align="left" style="font-size: 12pt">Subsequent to the 2002 fiscal year end, the Issuer conducted the following transactions which are
not described elsewhere in the Annual Information Circular:

<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="13%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="82%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">.(a)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Granted incentive stock options for the purchase of up to<BR>
446,000 shares of the Issuer at the exercise price of $0.58 per<BR>
share, expiring October&nbsp;23, 2007.</TD>
</TR>

<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">.(b)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">250,000 shares were issued at the price of $0.60 per share, as<BR>
the result of the exercise of previously issued stock options.</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>



<P align="left" style="font-size: 12pt"><U>Incentive Stock Options </U>


<P align="left" style="font-size: 12pt">The continuity of the Company&#146;s stock options for the years ended January&nbsp;31, 2002 and 2001 is as
follows:

<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="14%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Balance, January</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Balance January 31,</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Price</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">Expiry Date</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">31/01</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">Granted</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">Exercised</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">Expired/ Cancelled</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">2002</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 12pt">
    <TD><DIV style="margin-left:10px; text-indent:-10px">$0.60</DIV></TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="left">Feb. 3/03              <BR></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">350,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">350,000</TD>
    <TD>&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
    <TD style="border-top: 1px solid #000000"><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="left" style="font-size: 12pt">See (a)&nbsp;above for particulars of options granted by the Issuer since January&nbsp;31, 2002,


<P align="left" style="font-size: 12pt"><U>Share Purchase Warrants</U>


<P align="left" style="font-size: 12pt">At January&nbsp;31, 2002, The following table sets out the continuity of the Issuer&#146;s outstanding share
purchase warrants for the Year ended January&nbsp;31, 2002.

<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="15%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="17%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
</TR>
<TR style="font-size: 12pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Price</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Expiry Date</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">Balance Jan 31/01</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Issued</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Exercised</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000">Expired</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Balance Jan 31/02</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">$0.68
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Mar 31/01
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">58,051</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">58,051</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>

<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>



<P align="left" style="font-size: 12pt">For further information regarding the affairs of the Issuer during the fiscal year ended January
31, 2002, and subsequent financial reporting periods refer to the audited and interim financial
statements and quarterly reports filed on the SEDAR website at www.sedar.com.


<P align="left" style="font-size: 12pt">All significant subsequent events since the most recently reported fiscal year end of the Issuer
are disclosed herein.


<P align="left" style="font-size: 12pt"><B>MARKET FOR SECURITIES</B>


<P align="left" style="font-size: 12pt">The common shares of the Issuer are listed and posted for trading on the TSX Venture Exchange.


<P align="left" style="font-size: 12pt"><B>DIRECTORS AND OFFICERS</B>


<P align="left" style="font-size: 12pt"><U>Name, Address, Occupation and Security Holdings </U>


<P align="left" style="font-size: 12pt">The full names, municipality of residence, positions and offices held in the Issuer by the
directors and executive officers of the Issuer, principal occupation within the past five years and
periods during which each director and executive officer has served in such capacity for the fiscal
year ended January&nbsp;31, 2002.

<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="28%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="22%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Name, Municipality<BR>
of Residence and<BR>
Positions with<BR>
Issuer
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Date of Appointment<BR>
and/or Election as<BR>
a Director or<BR>
Officer
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR>
<BR>
Principal Occupation within<BR>
the preceding five years</TD>
</TR>

<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Louis Wolfin<BR>
West Vancouver, BC<BR>
President &#038; Director
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">August, 1969
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Mining Executive, President of<BR>
Frobisher Securities Inc., of<BR>
Vancouver, B.C. Director of<BR>
Bralorne-Pioneer Gold Mines<BR>
Ltd., Gold Summit Mines Ltd.,<BR>
Mill Bay Ventures Inc. Coral<BR>
Gold Corp., and Superior<BR>
Diamonds Inc., Director and<BR>
President of Levon Resources<BR>
Ltd., all reporting issuers<BR>
trading on the TSX Venture<BR>
Exchange.</TD>
</TR>

<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Ernest Calvert<BR>
Vancouver, BC<BR>
Director
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">June, 1990
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Businessman, Director of Coral<BR>
Gold Corp., Levon Resources<BR>
Ltd. and Bralorne-Pioneer Gold<BR>
Mines Ltd., all reporting<BR>
issuers trading on the TSX<BR>
Venture Exchange.</TD>
</TR>

<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">William Glasier Mill<BR>
Bay, BC<BR>
Director
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">August, 1990
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Businessman and self employed<BR>
Financial Consultant; Director<BR>
of Coral Gold Corp., Mill Bay<BR>
Ventures Ltd., Levon Resources<BR>
Ltd., and Bralorne-Pioneer<BR>
Gold Mines Ltd. All of these<BR>
companies are reporting<BR>
issuers trading on the TSX<BR>
Venture Exchange.</TD>
</TR>

<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">William Kocken<BR>
Surrey, BC<BR>
Director
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">September, 1997
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Businessman, Director of Mill<BR>
Bay Ventures Inc., and<BR>
Bralorne-Pioneer Gold Mines<BR>
Ltd., all reporting issuers<BR>
trading on the TSX Venture<BR>
Exchange.</TD>
</TR>

<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">David Wolfin<BR>
West Vancouver, BC<BR>
Director
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">October, 1995
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Mining Executive, Director of<BR>
Bralorne-Pioneer Gold Mines<BR>
Ltd. and Coral Gold Corp.,<BR>
both reporting issuers trading<BR>
on the TSX Venture Exchange;<BR>
President of Gray Rock<BR>
Resources Ltd. a non trading<BR>
reporting issuer.</TD>
</TR>

<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Michael Bayback<BR>
La Canada, CA<BR>
Director
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR>
<BR>
June, 1990
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR>
<BR>
Business &#038; Financial Consultant</TD>
</TR>

<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Andrea Regnier<BR>
Delta, BC<BR>
Secretary
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">February, 1995
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">President and owner of<BR>
Dawn-Pacific Management Ltd.,<BR>
a consulting company which<BR>
provides accounting,<BR>
securities and corporate<BR>
services to reporting issuers<BR>
since August, 1992; Director<BR>
and Secretary of Levon<BR>
Resources Ltd., and Secretary<BR>
of Coral Gold Corp. and<BR>
Bralorne-Pioneer Gold Mines<BR>
Ltd., reporting issuers listed<BR>
on the TSX Venture Exchange.</TD>
</TR>

<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="left" style="font-size: 12pt">????As a group, the directors and senior officers beneficially own, directly or indirectly 293,761
voting common shares of the Issuer, representing approximately 4.75 % of the voting securities of
the Issuer.


<P align="left" style="font-size: 12pt"><U>Corporate Cease Trade Orders or Bankruptcies </U>


<P align="left" style="font-size: 12pt">None of the directors or officers or a shareholder holding 20% or more of the issued shares of the
Issuer, is, or within the past 10&nbsp;years prior to the date of this Annual Information Form has been,
a director or officer of any other issuer that, while that person was acting in such capacity was
the subject of a cease trade order or similar order or an order that denied such issuer access to
any statutory exemptions for a period of more than 30 consecutive days, nor has such person become
bankrupt, made a proposal under any legislation relating to bankruptcy or insolvency or was subject
to or instituted any proceedings, arrangement or compromise with creditors or had a receiver,
receiver manager or trustee appointed to hold its assets, during the past ten years.


<P align="left" style="font-size: 12pt"><U>Conflicts of Interest </U>


<P align="left" style="font-size: 12pt">Certain of the Directors of the Issuer are also directors and/or officers of other companies
engaged in mineral exploration and development, as well as mineral property acquisitions.
Accordingly, mineral property acquisition and/or exploration opportunities or prospects of which
they become aware will not necessarily be made available to the Issuer. The directors intend, to
allocate these opportunities or prospects from time to time among the various companies in which
they are involved, on the basis of prudent business judgment, the relative financial ability, and
need of each company in which they are directors and/or officers to participate. In the event of
any conflict of interest, the directors will act in accordance with the common law and the
provisions of the Company Act (British Columbia).


<P align="left" style="font-size: 12pt"><B>ADDITIONAL INFORMATION</B>


<P align="left" style="font-size: 12pt">The Issuer will provide to any person or company, upon request to the Secretary of the Issuer:


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>when the securities of the Issuer are in the course of a distribution under a preliminary
short form prospectus or a short form prospectus,</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(i)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>one copy of the AIF of the Issuer, together with one copy of any document, or
pertinent pages of any document, incorporated by reference in the AIF,</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(ii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>one copy of the comparative financial statements of the Issuer for its most
recently completed financial year for which financial statements have been filed
together with the accompanying report of the auditor and one copy of the most recent
interim financial statements of the Issuer that have been filed, if any, for any
period after the end of its most recently completed financial year.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(iii)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>one copy of the information circular of the Issuer in respect of its most
recent annual meeting of shareholders that involved the election of directors or one
copy of any annual filing prepared instead of that information circular, as
appropriate, and</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(iv)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>one copy of any other documents that are incorporated by reference into the
preliminary short form prospectus or the short form prospectus and are not required to
be provided under clauses (I), (ii)&nbsp;or (iii); or</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>at any other time, one copy of any documents referred to in clauses (a)Ii), (ii)&nbsp;and (iii),
provided that the Issuer may require the payment of a reasonable charge if the request is made
by a person or company who is not a security holder of the Issuer.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 12pt">Additional information including directors&#146; and officers&#146; remuneration and indebtedness, principal
holders of the Issuer&#146;s securities, options to purchase securities and interests of insiders in
material transactions, if applicable, is contained in the Issuer&#146;s information circular for its
most recent annual meeting of shareholders that involved the election of directors, and that
additional financial information is provided in the Issuer&#146;s comparative financial statements for
its most recently completed financial year.



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<TYPE>EX-99.6
<SEQUENCE>7
<FILENAME>exhibit6.htm
<DESCRIPTION>EX-99.6
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Exhibit&nbsp;&nbsp;EX-99.6
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<P align="center" style="font-size: 10pt"><FONT style="font-size: 12pt"><B>AVINO SILVER &#038; GOLD MINES LTD.<BR>
#400, 455 Granville Street, Vancouver, BC, V6C 1T1<BR>
Ph: 604-682-3701 Fax: 604-682-3600</B></FONT>



<P align="left" style="font-size: 12pt">February&nbsp;20, 2003 FILED VIA SEDAR

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    <TD width="5%">&nbsp;</TD>
    <TD width="38%">&nbsp;</TD>
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<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">British Columbia Securities Commission
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Alberta Securities Commission</TD>
</TR>

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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Vancouver, B.C.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Calgary, AB</TD>
</TR>

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<P align="left" style="font-size: 12pt">Dear Sirs:


<P align="left" style="font-size: 12pt"><B>Re: Avino Silver &#038; Gold Mines Ltd. &#150; Initial Annual Information Form</B>


<P align="left" style="font-size: 12pt">With this cover letter, we are filing an initial annual information form (&#147;AIF&#148;) for Avino Silver &#038;
Gold Mines Ltd. (the &#147;Issuer&#148;). Also being filed is the Consent of Wayne Pickett, the author of the
Aumax Report titled &#147;Technical Report on the Aumax Property&#148;, dated November&nbsp;28, 2002, which report
is quoted in the Narrative Description of Business of the Issuer in the AIF.


<P align="left" style="font-size: 12pt">The Aumax Report was previously filed and is on the SEDAR website as well as the audited financial
statements for the fiscal year ended January&nbsp;31, 2002 and all subsequent interim financial
statements and quarterly reports.


<P align="left" style="font-size: 12pt">Yours very truly,


<P align="left" style="font-size: 12pt">AVINO GOLD AND SILVER MINES LTD.


<P align="left" style="font-size: 12pt">Per: &#147;Andrea Regnier&#148;



<P align="left" style="margin-left:4%; font-size: 12pt">Andrea Regnier



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<TYPE>EX-99.7
<SEQUENCE>8
<FILENAME>exhibit7.htm
<DESCRIPTION>EX-99.7
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<P align="left" style="font-size: 10pt"><FONT style="font-size: 12pt">February&nbsp;10, 2003</FONT>


<P align="left" style="font-size: 12pt">FILED VIA SEDAR

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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">British Columbia Securities Commission
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Alberta Securities Commission</TD>
</TR>

<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom" style="font-size: 12pt">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Vancouver, British Columbia
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Calgary Alberta</TD>
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<P align="left" style="font-size: 12pt">Dear Sirs:


<P align="left" style="font-size: 12pt"><U>Re: Avino Silver &#038; Gold Mines Ltd. (the &#147;Company&#148;) &#151; Annual Information Form (&#147;AIF&#148;) </U>


<P align="left" style="font-size: 12pt">I am the author of the Geological Report titled &#147;Technical Report on the Aumax Property, dated
November&nbsp;28, 2002 and I have read the description of the Aumax Property under the heading
&#147;Narrative Description of Business&#148; set out in the AIF of the Company dated February, 2003.


<P align="left" style="font-size: 12pt">I have read the Annual Information Form and confirm that:


<P>
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<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>I have no reason to believe that there are any misrepresentations in the
information contained in the AIF derived from my Report or that is within my
knowledge as a result of the investigations and enquiries made by me in connection
with the preparation of the Report; and</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the section in the AIF headed &#147;Narrative Description of Business&#148;, as it
relates to the Aumax Property fairly summarizes this property and omits no material
information contained in the Report;</TD>
</TR>

</TABLE>


<P>
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<TR valign="top" style="font-size: 12pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(c)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>I consent to the use of the disclosure set out in the AIF which is derived
from my report.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 12pt">This letter is solely for your information in connection with the filing of the Company&#146;s AIF, and
is not to be used, circulated, quoted or otherwise referred to for any other purpose, including but
not limited to the purchase or sale of securities


<P align="left" style="font-size: 12pt">Yours truly,


<P align="left" style="font-size: 12pt">&#147;J. Wayne Pickett&#148;


<P align="left" style="font-size: 12pt">J.&nbsp;Wayne Pickett, M.Sc., P. Geo. (NF, BC)



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