<SEC-DOCUMENT>0001477932-15-002372.txt : 20150413
<SEC-HEADER>0001477932-15-002372.hdr.sgml : 20150413
<ACCEPTANCE-DATETIME>20150413125804
ACCESSION NUMBER:		0001477932-15-002372
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20150413
FILED AS OF DATE:		20150413
DATE AS OF CHANGE:		20150413

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:	001-35254
		FILM NUMBER:		15766246

	BUSINESS ADDRESS:	
		STREET 1:		570 GRANVILLE STREET
		STREET 2:		SUITE 900
		CITY:			VANCOUVER BC CANADA
		STATE:			A1
		ZIP:			V6C 3P1
		BUSINESS PHONE:		6046823701

	MAIL ADDRESS:	
		STREET 1:		570 GRANVILLE STREET
		STREET 2:		SUITE 900
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6C 3P1

	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>avino_6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
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<p style="margin: 0px;">&#160;</p>
<p style="margin: 0px;" align="center"><font style="font-size: 12pt;"><b>UNITED STATES</b>&#160;</font></p>
<p style="margin: 0px;" align="center"><font style="font-size: 12pt;"><b>SECURITIES AND EXCHANGE COMMISSION</b>&#160;</font></p>
<p style="margin: 0px;" align="center"><font style="font-size: 12pt;"><b>Washington, D.C. 20549</b></font></p>
<p style="margin: 0px;">&#160;</p>
<p style="margin: 0px;" align="center"><font style="font-size: 18pt;"><b>FORM 6-K</b></font></p>
<p style="margin: 0px;">&#160;</p>
<p style="margin: 0px;" align="center"><b>REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16</b>&#160;</p>
<p style="margin: 0px;" align="center"><b>UNDER THE SECURITIES EXCHANGE ACT OF 1934</b></p>
<p style="margin: 0px;">&#160;</p>
<p style="margin: 0px;" align="center"><b>April, 2015</b></p>
<p style="margin: 0px;">&#160;</p>
<p style="margin: 0px;" align="center">Commission File Number: <b>001-35254</b></p>
<p style="margin: 0px;">&#160;</p>
<p style="margin: 0px;" align="center"><font style="font-size: 18pt;"><b><u style="line-height: 1;">AVINO SILVER &amp; GOLD MINES LTD.</u></b></font></p>
<p style="margin: 0px;">&#160;</p>
<p style="margin: 0px;" align="center"><b><u style="line-height: 1;">Suite 900, 570 Granville Street, Vancouver, BC V6C 3P1</u></b>&#160;</p>
<p style="margin: 0px;" align="center">(Address of principal executive offices)</p>
<p style="margin: 0px;">&#160;</p>
<p style="margin: 0px;">Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.&#160;<font style="font-size: 10pt; font-family: Wingdings;">&#254;</font>&#160;Form 20-F&#160;&#160; <font style="font-size: 10pt; font-family: Wingdings;">&#168;</font> Form 40-F</p>
<p style="margin: 0px;">&#160;</p>
<p style="margin: 0px;">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): <font style="font-size: 10pt; font-family: Wingdings;">&#168;</font></p>
<p style="margin: 0px;">&#160;</p>
<p style="margin: 0px;">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): <font style="font-size: 10pt; font-family: Wingdings;">&#168;</font></p>
<p style="margin: 0px;">&#160;</p>
<p style="margin: 0px;">Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes&#160;<font style="font-size: 10pt; font-family: Wingdings;">&#168;</font>&#160;&#160; No <font style="font-size: 10pt; font-family: Wingdings;">&#254;</font></p>
<p style="margin: 0px;">&#160;</p>
<p style="margin: 0px;">If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):</p>
<p style="margin: 0px;">&#160;</p>
<div style="font-size: 1pt; border-bottom: #000000 1px solid; margin: 0px; width: 100%;"></div>
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<p style="margin: 0px;">&#160;</p>
<p style="margin: 0px;" align="center"><b>SUBMITTED HEREWITH</b></p>
<p style="margin: 0px;">&#160;</p>
<p style="margin: 0px;"><b>Exhibits:</b></p>
<p style="margin: 0px;">&#160;</p>
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<p style="margin: 0px;">99.1</p>
</td>
<td width="95%">
<p style="margin: 0px;">News Release&#160;dated&#160;April 13, 2015</p>
</td>
</tr>

</table>
<p style="margin: 0px;">&#160;&#160;</p>
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<td>&#160;</td>
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<tr>
<td>
<div class="rcpn" align="center"><font size="2" face="Times New Roman, Times, serif">2</font></div>
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<div class="hdr" style="font-size: 1pt; width: 100%;"></div>
</td>
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</table>
<p style="margin: 0px;"><b></b>&#160;</p>
<p style="text-align: center; margin: 0px;"><b>SIGNATURES</b></p>
<p style="margin: 0px;">&#160;</p>
<p style="margin: 0px;">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.&#160;</p>
<p style="margin: 0px;">&#160;</p>
<p style="margin: 0px;">&#160;</p>
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<td valign="top" width="50%">&#160;</td>
<td valign="top" width="38%" colspan="2">
<p style="margin: 0px;"><b>AVINO SILVER &amp; GOLD MINES LTD.</b></p>
</td>
<td valign="top" width="12%">&#160;</td>
</tr>
<tr height="15">
<td valign="top" width="50%">&#160;</td>
<td valign="top" width="38%" colspan="2">
<p style="margin: 0px;">(Registrant)</p>
</td>
<td valign="top" width="12%">&#160;</td>
</tr>
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<p style="margin: 0px;">Date:&#160;April 13, 2015</p>
</td>
<td valign="top" width="3%">
<p style="margin: 0px;">By:</p>
</td>
<td style="border-bottom: black 1px solid;" valign="bottom" width="35%">
<p style="margin: 0px;"><i>/s/&#160;Dorothy Chin</i></p>
</td>
<td valign="top" width="12%">&#160;</td>
</tr>
<tr height="15">
<td valign="top" width="50%">&#160;</td>
<td valign="top" width="3%">&#160;</td>
<td valign="bottom" width="35%">
<p style="margin: 0px;">Dorothy Chin,</p>
</td>
<td valign="top" width="12%">&#160;</td>
</tr>
<tr height="15">
<td valign="top" width="50%">&#160;</td>
<td valign="top" width="3%">&#160;</td>
<td valign="top" width="35%">
<p style="margin: 0px;">Corporate Secretary</p>
</td>
<td valign="top" width="12%">&#160;</td>
</tr>

</table>
<p style="margin: 0px;">&#160;</p>
<p style="text-align: center; margin: 0px;">&#160;</p>
<p style="text-align: center; margin: 0px;">3</p>
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</TEXT>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>avino_ex991.htm
<DESCRIPTION>NEWS RELEASE
<TEXT>
<html>
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<body style="font: 10pt TIMES NEW ROMAN; text-align: justify; margin: 0px 7% 0px 7%;">
<p style="text-align: right; margin: 0px;"><strong>EXHIBIT 99.1</strong></p>
<p style="font-size: 10pt; font-family: TIMES NEW ROMAN; margin: 0px;">&#160;</p>
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<td valign="top" width="4%"><img src="img001.jpg" ></td>
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<p style="margin: 0px;"><font style="font-size: 18pt;"><b>&#160;</b></font></p>
</td>
<td valign="top">
<p style="margin: 0px;"><font style="font-size: 18pt;"><b>AVINO SILVER &amp;</b></font></p>
<p style="margin: 0px;"><font style="font-size: 18pt;"><b>GOLD MINES LTD.</b></font></p>
</td>
<td width="50%">
<p style="margin: 0px;"><font style="font-size: 10pt;"><strong><font style="color: #008080;">T</font></strong> 604.682.3701 Suite 900, 570 Granville Street ir@avino.com</font></p>
<p style="margin: 0px;"><font style="font-size: 10pt;"><strong><font style="color: #008080;">F</font></strong> 604.682.3600 Vancouver, BC V6C 3P1 www.avino.com</font></p>
</td>
</tr>

</table>
<p style="font-size: 10pt; font-family: TIMES NEW ROMAN; margin: 0px;">&#160;</p>
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<td width="45%">
<p style="font: 10pt TIMES NEW ROMAN; margin: 0px;">April 13, 2015</p>
</td>
<td>
<p style="font: 10pt TIMES NEW ROMAN; margin: 0px;">&#160;</p>
</td>
<td width="45%">
<p style="margin: 0px;" align="right">NYSE - MKT: <b>ASM</b></p>
<p style="margin: 0px;" align="right">TSX-V: <b>ASM</b></p>
<p style="margin: 0px;" align="right"><b></b>FSE: <b>GV6</b></p>
</td>
</tr>

</table>
<p style="margin: 0px;">&#160;</p>
<p style="margin: 0px;" align="center"><b>AVINO Q1 2015 PRODUCTION UP 101% COMPARED TO Q1 2014</b></p>
<p style="margin: 0px;">&#160;</p>
<p style="margin: 0px;"><b>Avino Silver &amp; Gold Mines Ltd. (ASM: TSX.V, ASM: NYSE &#8211; MKT, GV6: FSE, &#8220;Avino&#8221; or &#8220;the Company&#8221;) </b>is pleased to report its Q1 2015 production results from its Avino property near Durango, Mexico.</p>
<p style="margin: 0px;">&#160;</p>
<p style="margin: 0px;"><b><u style="line-height: 1;">Production Highlights for First Quarter 2015 (Compared to First Quarter 2014)</u></b></p>
<p style="margin: 0px;">&#160;</p>
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<tr>
<td valign="top" width="60"><font style="font-family: TIMES NEW ROMAN;">&#160;</font></td>
<td valign="top" width="60">
<p style="font: 10pt TIMES NEW ROMAN; margin: 0px;"><font style="font-size: 10pt; font-family: Symbol;">&#183;</font></p>
</td>
<td valign="top">
<p style="font: 10pt TIMES NEW ROMAN; margin: 0px;">Silver equivalent production increased 101% to 652,620 oz*</p>
</td>
</tr>
<tr>
<td valign="top" width="60"><font style="font-family: TIMES NEW ROMAN;">&#160;</font></td>
<td valign="top" width="60">&#160;</td>
<td valign="top">&#160;</td>
</tr>
<tr>
<td valign="top" width="60"><font style="font-family: TIMES NEW ROMAN;">&#160;</font></td>
<td valign="top" width="60">
<p style="font: 10pt TIMES NEW ROMAN; margin: 0px;"><font style="font-size: 10pt; font-family: Symbol;">&#183;</font></p>
</td>
<td valign="top">
<p style="font: 10pt TIMES NEW ROMAN; margin: 0px;">Silver production increased 56% to 363,210 oz</p>
</td>
</tr>
<tr>
<td valign="top" width="60"><font style="font-family: TIMES NEW ROMAN;">&#160;</font></td>
<td valign="top" width="60">&#160;</td>
<td valign="top">&#160;</td>
</tr>
<tr>
<td valign="top" width="60"><font style="font-family: TIMES NEW ROMAN;">&#160;</font></td>
<td valign="top" width="60">
<p style="font: 10pt TIMES NEW ROMAN; margin: 0px;"><font style="font-size: 10pt; font-family: Symbol;">&#183;</font></p>
</td>
<td valign="top">
<p style="font: 10pt TIMES NEW ROMAN; margin: 0px;">Gold production increased 37% to 1,750 oz</p>
</td>
</tr>
<tr>
<td valign="top" width="60"><font style="font-family: TIMES NEW ROMAN;">&#160;</font></td>
<td valign="top" width="60">&#160;</td>
<td valign="top">&#160;</td>
</tr>
<tr>
<td valign="top" width="60"><font style="font-family: TIMES NEW ROMAN;">&#160;</font></td>
<td valign="top" width="60">
<p style="font: 10pt TIMES NEW ROMAN; margin: 0px;"><font style="font-size: 10pt; font-family: Symbol;">&#183;</font></p>
</td>
<td valign="top">
<p style="font: 10pt TIMES NEW ROMAN; margin: 0px;">Copper production continued from startup phase in late 2014 and 872,884 Lbs were processed</p>
</td>
</tr>

</table>
<p style="font: 10pt TIMES NEW ROMAN; margin: 0px;">&#160;</p>
<p style="margin: 0px;">*<i> </i><i>For comparison purposes, the silver equivalent ratio has been calculated using metal prices of $16 oz Ag, $1,150 oz Au and $3.00 Lb Cu. </i><i>Mill production figures have not been reconciled and are subject to adjustment with concentrate sales. Calculated figures may not add up due to rounding.</i></p>
<p style="margin: 0px;">&#160;</p>
<p style="margin: 0px;">&#8220;Avino is pleased to report record quarterly production as a result of the successful reopening of the historic Avino mine and commissioning of the new 1,000 TPD Mill Circuit 3;&#160;operating performance during the quarter was in-line with management&#8217;s expectations. I would like to thank our hard-working team for their contributions and our shareholders for their ongoing support.&#160; The team&#8217;s discipline and focus on operational excellence is evident as is demonstrated by our 101% increase in output over last year.&#160; Our current focus is to optimize the performance of Mill Circuit 3 and add to our growing underground mining fleet.&#160; A new jumbo and grader are expected in the second half of this year, and further improvements in efficiency are anticipated.&#160;&#8221;</p>
<p style="margin: 0px;">&#160;</p>
<p style="margin: 0px;" align="right">- David Wolfin, President, CEO &amp; Director, Avino Silver &amp; Gold Mines Ltd.</p>
<p style="margin: 0px;">&#160;</p>
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<tr>
<td>&#160;</td>
</tr>
<tr>
<td>
<div class="rcpn" align="center"><font size="2" face="Times New Roman, Times, serif">1</font></div>
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<div class="hdr" style="font-size: 1pt; width: 100%;"></div>
</td>
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</table>
<p style="margin: 0px;">&#160;</p>
<p style="margin: 0px;"><b>Consolidated First Quarter 2015 Production Highlights</b></p>
<p style="margin: 0px;">&#160;</p>
<p style="margin: 0px;">Comparative production results from Q1 2015 and Q1 2014 are presented below:</p>
<p style="margin: 0px;">&#160;</p>
<table id="tableid4" style="width: 85%; text-align: justify; font: 10pt TIMES NEW ROMAN; margin: auto;" cellspacing="0" cellpadding="2" align="center" border="0">

<tr height="15">
<td style="border-top: black 1px solid; border-bottom: black 1px solid; border-left: black 1px solid;">&#160;</td>
<td style="border-top: black 1px solid; border-bottom: black 1px solid; border-left: black 1px solid;" width="20%">
<p style="margin: 0px;" align="center"><b>Q1</b></p>
<p style="margin: 0px;" align="center"><b>2015</b></p>
</td>
<td style="border-top: black 1px solid; border-bottom: black 1px solid; border-left: black 1px solid;" width="20%">
<p style="margin: 0px;" align="center"><b>Q1 </b></p>
<p style="margin: 0px;" align="center"><b>2014</b></p>
</td>
<td style="border: black 1px solid;" width="20%">
<p style="margin: 0px;" align="center"><b>% Change</b></p>
</td>
</tr>
<tr height="15">
<td style="border-bottom: black 1px solid; border-left: black 1px solid;" valign="bottom">
<p style="margin: 0px;">Total Silver Produced (oz) <i>calculated</i></p>
</td>
<td style="border-bottom: black 1px solid; border-left: black 1px solid;" valign="bottom">
<p style="margin: 0px;" align="center">363,210</p>
</td>
<td style="border-bottom: black 1px solid; border-left: black 1px solid;" valign="bottom">
<p style="margin: 0px;" align="center">232,401</p>
</td>
<td style="border-right: black 1px solid; border-bottom: black 1px solid; border-left: black 1px solid;" valign="bottom">
<p style="margin: 0px;" align="center">56%</p>
</td>
</tr>
<tr height="15">
<td style="border-bottom: black 1px solid; border-left: black 1px solid;" valign="bottom">
<p style="margin: 0px;">Total Gold Produced (oz) <i>calculated</i></p>
</td>
<td style="border-bottom: black 1px solid; border-left: black 1px solid;" valign="bottom">
<p style="margin: 0px;" align="center">1,750</p>
</td>
<td style="border-bottom: black 1px solid; border-left: black 1px solid;" valign="bottom">
<p style="margin: 0px;" align="center">1,273</p>
</td>
<td style="border-right: black 1px solid; border-bottom: black 1px solid; border-left: black 1px solid;" valign="bottom">
<p style="margin: 0px;" align="center">37%</p>
</td>
</tr>
<tr height="15">
<td style="border-bottom: black 1px solid; border-left: black 1px solid;" valign="bottom">
<p style="margin: 0px;">Total Copper Produced (Lbs) <i>calculated</i></p>
</td>
<td style="border-bottom: black 1px solid; border-left: black 1px solid;" valign="bottom">
<p style="margin: 0px;" align="center">872,884</p>
</td>
<td style="border-bottom: black 1px solid; border-left: black 1px solid;" valign="bottom">
<p style="margin: 0px;" align="center">N/A</p>
</td>
<td style="border-right: black 1px solid; border-bottom: black 1px solid; border-left: black 1px solid;" valign="bottom">
<p style="margin: 0px;" align="center">N/A</p>
</td>
</tr>
<tr height="15">
<td style="border-bottom: black 1px solid; border-left: black 1px solid;" valign="bottom">
<p style="margin: 0px;">Total Silver Eq. Produced (oz) <i>calculated*</i></p>
</td>
<td style="border-bottom: black 1px solid; border-left: black 1px solid;" valign="bottom">
<p style="margin: 0px;" align="center">652,620</p>
</td>
<td style="border-bottom: black 1px solid; border-left: black 1px solid;" valign="bottom">
<p style="margin: 0px;" align="center">323,898</p>
</td>
<td style="border-right: black 1px solid; border-bottom: black 1px solid; border-left: black 1px solid;" valign="bottom">
<p style="margin: 0px;" align="center">101%</p>
</td>
</tr>

</table>
<p style="margin: 0px;">&#160;</p>
<p style="margin: 0px;">*<i>For comparison purposes, the silver equivalent ratio has been calculated using metal prices of $16 oz Ag, $1,150 oz Au and $3.00 Lb Cu. </i><i>Mill production figures have not been reconciled and are subject to adjustment with concentrate sales. Calculated figures may not add up due to rounding.</i></p>
<p style="margin: 0px;">&#160;</p>
<p style="margin: 0px;"><b>Avino Mine First Quarter 2015 Production Highlights</b></p>
<p style="margin: 0px;">&#160;</p>
<p style="margin: 0px;">On January 1, 2015, Avino&#8217;s recently completed Mill Circuit 3 transitioned to processing new material taken from underground at the Avino Mine. Since the circuit was not operational during Q1 2014, no comparative data is available. Results for Q1 2015 are as follows:</p>
<p style="margin: 0px;">&#160;</p>
<table id="tableid5" style="width: 85%; text-align: justify; font: 10pt TIMES NEW ROMAN; margin: auto;" cellspacing="0" cellpadding="2" align="center" border="0">

<tr height="15">
<td style="border-top: black 1px solid; border-bottom: black 1px solid; border-left: black 1px solid;">&#160;</td>
<td style="border: black 1px solid;" width="20%">
<p style="margin: 0px;" align="center"><b>Q1 </b></p>
<p style="margin: 0px;" align="center"><b>2015</b></p>
</td>
</tr>
<tr height="15">
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;">Tonnes Mined</p>
</td>
<td style="border-right: black 1px solid; border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;" align="center">36,318</p>
</td>
</tr>
<tr height="15">
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;">Underground Advancement (m)</p>
</td>
<td style="border-right: black 1px solid; border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;" align="center">980</p>
</td>
</tr>
<tr height="15">
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;">Mill Availability (%)</p>
</td>
<td style="border-right: black 1px solid; border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;" align="center">96</p>
</td>
</tr>
<tr height="15">
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;">Total Mill Feed (dry tonnes)</p>
</td>
<td style="border-right: black 1px solid; border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;" align="center">76,547</p>
</td>
</tr>
<tr height="15">
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;">Feed Grade Silver (g/t)</p>
</td>
<td style="border-right: black 1px solid; border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;" align="center">64</p>
</td>
</tr>
<tr height="15">
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;">Feed Grade Gold (g/t)</p>
</td>
<td style="border-right: black 1px solid; border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;" align="center">0.36</p>
</td>
</tr>
<tr height="15">
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;">Feed Grade Copper (%)</p>
</td>
<td style="border-right: black 1px solid; border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;" align="center">0.58</p>
</td>
</tr>
<tr height="15">
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;">Recovery Silver (%)</p>
</td>
<td style="border-right: black 1px solid; border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;" align="center">89</p>
</td>
</tr>
<tr height="15">
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;">Recovery Gold (%)</p>
</td>
<td style="border-right: black 1px solid; border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;" align="center">82</p>
</td>
</tr>
<tr height="15">
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;">Recovery Copper (%)</p>
</td>
<td style="border-right: black 1px solid; border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;" align="center">89</p>
</td>
</tr>
<tr height="15">
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;">Copper Concentrate (dry tonnes)</p>
</td>
<td style="border-right: black 1px solid; border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;" align="center">1,775</p>
</td>
</tr>
<tr height="15">
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;">Copper Concentrate Grade Silver (Kg/t)</p>
</td>
<td style="border-right: black 1px solid; border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;" align="center">2.46</p>
</td>
</tr>
<tr height="15">
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;">Copper Concentrate Grade Gold (g/t)</p>
</td>
<td style="border-right: black 1px solid; border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;" align="center">12.61</p>
</td>
</tr>
<tr height="15">
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;">Copper Concentrate Grade Copper (%)</p>
</td>
<td style="border-right: black 1px solid; border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;" align="center">22.3</p>
</td>
</tr>
<tr height="15">
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;">Total Silver Produced (kg)</p>
</td>
<td style="border-right: black 1px solid; border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;" align="center">4,371</p>
</td>
</tr>
<tr height="15">
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;">Total Gold Produced (g)</p>
</td>
<td style="border-right: black 1px solid; border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;" align="center">22,391</p>
</td>
</tr>
<tr height="15">
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;">Total Copper Produced (Kg)</p>
</td>
<td style="border-right: black 1px solid; border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;" align="center">395,934</p>
</td>
</tr>
<tr height="15">
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;">Total Silver Produced (oz) <i>calculated</i></p>
</td>
<td style="border-right: black 1px solid; border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;" align="center">140,518</p>
</td>
</tr>
<tr height="15">
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;">Total Gold Produced (oz) <i>calculated</i></p>
</td>
<td style="border-right: black 1px solid; border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;" align="center">720</p>
</td>
</tr>
<tr height="15">
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;">Total Copper Produced (Lbs)</p>
</td>
<td style="border-right: black 1px solid; border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;" align="center">872,884</p>
</td>
</tr>
<tr height="15">
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;">Total Silver Equivalent Produced (oz) <i>calculated*</i></p>
</td>
<td style="border-right: black 1px solid; border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;" align="center">355,924</p>
</td>
</tr>

</table>
<p style="margin: 0px;">&#160;</p>
<p style="margin: 0px;">*<i>The silver equivalent ratio was calculated using metal prices of $16 oz Ag, $1,150 oz Au and $3.00 Lb Cu.</i><i>Mill production figures have not been reconciled and are subject to adjustment with concentrate sales. Calculated figures may not add up due to rounding.</i></p>
<p style="margin: 0px;">&#160;</p>
<table id="tableid6" style="width: 100%; font: 10pt TIMES NEW ROMAN;" cellspacing="0" cellpadding="0" border="0">

<tr>
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<tr>
<td>
<div class="rcpn" align="center"><font size="2" face="Times New Roman, Times, serif">2</font></div>
<div class="hpbhr" style="font-size: 1pt; width: 100%;"></div>
<hr color="#000000" size="1" width="100%" noshade="noshade" >
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<td>
<div class="hdr" style="font-size: 1pt; width: 100%;"></div>
</td>
</tr>

</table>
<p style="margin: 0px;">&#160;</p>
<p style="margin: 0px;"><b>First Quarter 2015 Highlights</b></p>
<p style="margin: 0px;">&#160;</p>
<table id="tableid7" style="width: 100%; text-align: justify; font: 10pt TIMES NEW ROMAN; margin: auto;" cellspacing="0" cellpadding="0" border="0">

<tr>
<td valign="top" width="60"><font style="font-family: TIMES NEW ROMAN;">&#160;</font></td>
<td valign="top" width="60">
<p style="font: 10pt TIMES NEW ROMAN; margin: 0px;"><font style="font-size: 10pt; font-family: Symbol;">&#183;</font></p>
</td>
<td valign="top">
<p style="font: 10pt TIMES NEW ROMAN; margin: 0px;">During Q1, mill tonnage throughput increased as Circuit 3 was being fine-tuned.</p>
</td>
</tr>
<tr>
<td valign="top" width="60"><font style="font-family: TIMES NEW ROMAN;">&#160;</font></td>
<td valign="top" width="60">&#160;</td>
<td valign="top">&#160;</td>
</tr>
<tr>
<td valign="top" width="60"><font style="font-family: TIMES NEW ROMAN;">&#160;</font></td>
<td valign="top" width="60">
<p style="font: 10pt TIMES NEW ROMAN; margin: 0px;"><font style="font-size: 10pt; font-family: Symbol;">&#183;</font></p>
</td>
<td valign="top">
<p style="font: 10pt TIMES NEW ROMAN; margin: 0px;">The newly purchased weightometer was installed during the quarter in order to more closely monitor the daily production throughput.</p>
</td>
</tr>
<tr>
<td valign="top" width="60"><font style="font-family: TIMES NEW ROMAN;">&#160;</font></td>
<td valign="top" width="60">&#160;</td>
<td valign="top">&#160;</td>
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<tr>
<td valign="top" width="60"><font style="font-family: TIMES NEW ROMAN;">&#160;</font></td>
<td valign="top" width="60">
<p style="font: 10pt TIMES NEW ROMAN; margin: 0px;"><font style="font-size: 10pt; font-family: Symbol;">&#183;</font></p>
</td>
<td valign="top">
<p style="font: 10pt TIMES NEW ROMAN; margin: 0px;">Feed grades and recoveries for copper, silver and gold continued to be similar to those of Circuit 2 during Q4 2014 while that circuit was being used to process new underground material from the Avino Mine.</p>
</td>
</tr>

</table>
<p style="font: 10pt TIMES NEW ROMAN; margin: 0px;">&#160;&#160;</p>
<p style="margin: 0px;"><b>San Gonzalo Mine First Quarter 2015 Production Highlights</b></p>
<p style="margin: 0px;">&#160;</p>
<p style="margin: 0px;">Comparative figures for Q1 2015 and Q1 2014 for the San Gonzalo mine are as follows:</p>
<p style="margin: 0px;">&#160;</p>
<table id="tableid8" style="width: 85%; text-align: justify; font: 10pt TIMES NEW ROMAN; margin: auto;" cellspacing="0" cellpadding="2" align="center" border="0">

<tr height="15">
<td style="border-top: black 1px solid; border-bottom: black 1px solid; border-left: black 1px solid;">&#160;</td>
<td style="border-top: black 1px solid; border-bottom: black 1px solid; border-left: black 1px solid;" valign="top" width="20%">
<p style="margin: 0px;" align="center"><b>Q1</b></p>
<p style="margin: 0px;" align="center"><b>2015</b></p>
</td>
<td style="border-top: black 1px solid; border-bottom: black 1px solid; border-left: black 1px solid;" valign="top" width="20%">
<p style="margin: 0px;" align="center"><b>Q1</b></p>
<p style="margin: 0px;" align="center"><b>2014</b></p>
</td>
<td style="border: black 1px solid;" width="20%">
<p style="margin: 0px;" align="center"><b>% Change</b></p>
</td>
</tr>
<tr height="15">
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;">Tonnes Mined</p>
</td>
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;" align="center">26,712</p>
</td>
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;" align="center">16,252</p>
</td>
<td style="border-right: black 1px solid; border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;" align="center">64%</p>
</td>
</tr>
<tr height="15">
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;">Underground Advancement (m)</p>
</td>
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;" align="center">1,181</p>
</td>
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;" align="center">893</p>
</td>
<td style="border-right: black 1px solid; border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;" align="center">32%</p>
</td>
</tr>
<tr height="15">
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;">Mill Availability (%)</p>
</td>
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;" align="center">95</p>
</td>
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;" align="center">98</p>
</td>
<td style="border-right: black 1px solid; border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;" align="center">-3%</p>
</td>
</tr>
<tr height="15">
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;">Total Mill Feed (dry tonnes)</p>
</td>
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;" align="center">18,809</p>
</td>
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;" align="center">19,784</p>
</td>
<td style="border-right: black 1px solid; border-bottom: black 1px solid; border-left: black 1px solid;" valign="bottom">
<p style="margin: 0px;" align="center">-5%</p>
</td>
</tr>
<tr height="15">
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;">Feed Grade Silver (g/t)</p>
</td>
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;" align="center">308</p>
</td>
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;" align="center">355</p>
</td>
<td style="border-right: black 1px solid; border-bottom: black 1px solid; border-left: black 1px solid;" valign="bottom">
<p style="margin: 0px;" align="center">-13%</p>
</td>
</tr>
<tr height="15">
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;">Feed Grade Gold (g/t)</p>
</td>
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;" align="center">1.54</p>
</td>
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;" align="center">2.02</p>
</td>
<td style="border-right: black 1px solid; border-bottom: black 1px solid; border-left: black 1px solid;" valign="bottom">
<p style="margin: 0px;" align="center">-24%</p>
</td>
</tr>
<tr height="15">
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;">Recovery Silver (%)</p>
</td>
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;" align="center">84</p>
</td>
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;" align="center">84</p>
</td>
<td style="border-right: black 1px solid; border-bottom: black 1px solid; border-left: black 1px solid;" valign="bottom">
<p style="margin: 0px;" align="center">0%</p>
</td>
</tr>
<tr height="15">
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;">Recovery Gold (%)</p>
</td>
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;" align="center">75</p>
</td>
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;" align="center">76</p>
</td>
<td style="border-right: black 1px solid; border-bottom: black 1px solid; border-left: black 1px solid;" valign="bottom">
<p style="margin: 0px;" align="center">-1%</p>
</td>
</tr>
<tr height="15">
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;">Bulk Concentrate (dry tonnes)</p>
</td>
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;" align="center">607</p>
</td>
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;" align="center">652</p>
</td>
<td style="border-right: black 1px solid; border-bottom: black 1px solid; border-left: black 1px solid;" valign="bottom">
<p style="margin: 0px;" align="center">-7%</p>
</td>
</tr>
<tr height="15">
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;">Bulk Concentrate Grade Silver (kg/t)</p>
</td>
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;" align="center">8.02</p>
</td>
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;" align="center">9.02</p>
</td>
<td style="border-right: black 1px solid; border-bottom: black 1px solid; border-left: black 1px solid;" valign="bottom">
<p style="margin: 0px;" align="center">-11%</p>
</td>
</tr>
<tr height="15">
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;">Bulk Concentrate Grade Gold (g/t)</p>
</td>
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;" align="center">35.9</p>
</td>
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;" align="center">46.7</p>
</td>
<td style="border-right: black 1px solid; border-bottom: black 1px solid; border-left: black 1px solid;" valign="bottom">
<p style="margin: 0px;" align="center">-23%</p>
</td>
</tr>
<tr height="15">
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;">Total Silver Produced (kg)</p>
</td>
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;" align="center">4,871</p>
</td>
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;" align="center">5,883</p>
</td>
<td style="border-right: black 1px solid; border-bottom: black 1px solid; border-left: black 1px solid;" valign="bottom">
<p style="margin: 0px;" align="center">-17%</p>
</td>
</tr>
<tr height="15">
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;">Total Gold Produced (g)</p>
</td>
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;" align="center">21,789</p>
</td>
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;" align="center">30,441</p>
</td>
<td style="border-right: black 1px solid; border-bottom: black 1px solid; border-left: black 1px solid;" valign="bottom">
<p style="margin: 0px;" align="center">-28%</p>
</td>
</tr>
<tr height="15">
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;">Total Silver Produced (oz) <i>calculated</i></p>
</td>
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;" align="center">156,606</p>
</td>
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;" align="center">189,138</p>
</td>
<td style="border-right: black 1px solid; border-bottom: black 1px solid; border-left: black 1px solid;" valign="bottom">
<p style="margin: 0px;" align="center">-17%</p>
</td>
</tr>
<tr height="15">
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;">Total Gold Produced (oz) <i>calculated</i></p>
</td>
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;" align="center">701</p>
</td>
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;" align="center">979</p>
</td>
<td style="border-right: black 1px solid; border-bottom: black 1px solid; border-left: black 1px solid;" valign="bottom">
<p style="margin: 0px;" align="center">-28%</p>
</td>
</tr>
<tr height="15">
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;">Total Silver Equivalent Produced (oz) <i>calculated*</i></p>
</td>
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;" align="center">206,956</p>
</td>
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;" align="center">259,504</p>
</td>
<td style="border-right: black 1px solid; border-bottom: black 1px solid; border-left: black 1px solid;" valign="bottom">
<p style="margin: 0px;" align="center">-20%</p>
</td>
</tr>

</table>
<p style="margin: 0px;">&#160;</p>
<p style="margin: 0px;"><em>* </em><i>For comparison purposes, the silver equivalent ratio has been calculated using metal prices of $16 oz Ag and $1,150 oz Au. <em>Mill production figures have not been reconciled and are subject to adjustment with concentrate sales. Calculated figures may not add up due to rounding.</em></i></p>
<p style="margin: 0px;">&#160;</p>
<table id="tableid9" style="width: 100%; font: 10pt TIMES NEW ROMAN;" cellspacing="0" cellpadding="0" border="0">

<tr>
<td>&#160;</td>
</tr>
<tr>
<td>
<div class="rcpn" align="center"><font size="2" face="Times New Roman, Times, serif">3</font></div>
<div class="hpbhr" style="font-size: 1pt; width: 100%;"></div>
<hr color="#000000" size="1" width="100%" noshade="noshade" >
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</td>
</tr>
<tr>
<td>
<div class="hdr" style="font-size: 1pt; width: 100%;"></div>
</td>
</tr>

</table>
<p style="margin: 0px;">&#160;</p>
<p style="margin: 0px;"><b>First Quarter 2015 Highlights</b></p>
<p style="margin: 0px;">&#160;</p>
<table id="tableid10" style="width: 100%; text-align: justify; font: 10pt TIMES NEW ROMAN; margin: auto;" cellspacing="0" cellpadding="0" border="0">

<tr>
<td valign="top" width="60"><font style="font-family: TIMES NEW ROMAN;">&#160;</font></td>
<td valign="top" width="60">
<p style="font: 10pt TIMES NEW ROMAN; margin: 0px;"><font style="font-size: 10pt; font-family: Symbol;">&#183;</font></p>
</td>
<td valign="top">
<p style="font: 10pt TIMES NEW ROMAN; margin: 0px;">San Gonzalo Circuit 1 production was lower in Q1 2015 compared to Q1 2014 due to lower silver and gold feed grades by 13% and 24% respectively. These lower grades were anticipated in the budget and were expected in the areas that are currently being mined.</p>
</td>
</tr>
<tr>
<td valign="top" width="60"><font style="font-family: TIMES NEW ROMAN;">&#160;</font></td>
<td valign="top" width="60">&#160;</td>
<td valign="top">&#160;</td>
</tr>
<tr>
<td valign="top" width="60"><font style="font-family: TIMES NEW ROMAN;">&#160;</font></td>
<td valign="top" width="60">
<p style="font: 10pt TIMES NEW ROMAN; margin: 0px;"><font style="font-size: 10pt; font-family: Symbol;">&#183;</font></p>
</td>
<td valign="top">
<p style="font: 10pt TIMES NEW ROMAN; margin: 0px;">The lower feed grades resulted in lower gold and silver produced by 28% and 17% respectively.</p>
</td>
</tr>
<tr>
<td valign="top" width="60"><font style="font-family: TIMES NEW ROMAN;">&#160;</font></td>
<td valign="top" width="60">&#160;</td>
<td valign="top">&#160;</td>
</tr>
<tr>
<td valign="top" width="60"><font style="font-family: TIMES NEW ROMAN;">&#160;</font></td>
<td valign="top" width="60">
<p style="font: 10pt TIMES NEW ROMAN; margin: 0px;"><font style="font-size: 10pt; font-family: Symbol;">&#183;</font></p>
</td>
<td valign="top">
<p style="font: 10pt TIMES NEW ROMAN; margin: 0px;">Recoveries for gold and silver were similar to rates experienced in the comparative period.</p>
</td>
</tr>
<tr>
<td valign="top" width="60"><font style="font-family: TIMES NEW ROMAN;">&#160;</font></td>
<td valign="top" width="60">&#160;</td>
<td valign="top">&#160;</td>
</tr>
<tr>
<td valign="top" width="60"><font style="font-family: TIMES NEW ROMAN;">&#160;</font></td>
<td valign="top" width="60">
<p style="font: 10pt TIMES NEW ROMAN; margin: 0px;"><font style="font-size: 10pt; font-family: Symbol;">&#183;</font></p>
</td>
<td valign="top">
<p style="font: 10pt TIMES NEW ROMAN; margin: 0px;">The tonnage throughput was lower due to slightly lower mill availability.</p>
</td>
</tr>

</table>
<p style="font: 10pt TIMES NEW ROMAN; margin: 0px;">&#160;</p>
<p style="margin: 0px;"><b>San Gonzalo Stockpile Mill Feed (Circuit 2) First Quarter 2015 Production Highlights</b></p>
<p style="margin: 0px;">&#160;</p>
<p style="margin: 0px;">On January 1, 2015, Mill Circuit 2 transitioned to processing feed material from the San Gonzalo Mine stockpile. In previous quarters, Mill Circuit 2 had been used to process historic above ground stockpiles left behind from open pit mining of the Avino vein as well as new material from underground at the Avino Mine during the commissioning phase. As Mill Circuit 2 has been used to process a variety of different material in previous periods, there is no comparative data to accompany the production results from San Gonzalo stockpile material shown below:</p>
<p style="margin: 0px;">&#160;</p>
<table id="tableid11" style="width: 85%; text-align: justify; font: 10pt TIMES NEW ROMAN; margin: auto;" cellspacing="0" cellpadding="2" align="center" border="0">

<tr height="15">
<td style="border-top: black 1px solid; border-bottom: black 1px solid; border-left: black 1px solid;">&#160;</td>
<td style="border: black 1px solid;" valign="top" width="20%">
<p style="margin: 0px;" align="center"><b>Q1 </b></p>
<p style="margin: 0px;" align="center"><b>2015</b></p>
</td>
</tr>
<tr height="15">
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;">Mill Availability (%)</p>
</td>
<td style="border-right: black 1px solid; border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;" align="center">96</p>
</td>
</tr>
<tr height="15">
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;">Total Mill Feed (dry tonnes)</p>
</td>
<td style="border-right: black 1px solid; border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;" align="center">19,097</p>
</td>
</tr>
<tr height="15">
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;">Feed Grade Silver (g/t)</p>
</td>
<td style="border-right: black 1px solid; border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;" align="center">131</p>
</td>
</tr>
<tr height="15">
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;">Feed Grade Gold (g/t)</p>
</td>
<td style="border-right: black 1px solid; border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;" align="center">0.68</p>
</td>
</tr>
<tr height="15">
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;">Recovery Silver (%)</p>
</td>
<td style="border-right: black 1px solid; border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;" align="center">82</p>
</td>
</tr>
<tr height="15">
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;">Recovery Gold (%)</p>
</td>
<td style="border-right: black 1px solid; border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;" align="center">79</p>
</td>
</tr>
<tr height="15">
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;">Bulk Concentrate (dry tonnes)</p>
</td>
<td style="border-right: black 1px solid; border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;" align="center">689</p>
</td>
</tr>
<tr height="15">
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;">Bulk Concentrate Grade Silver (kg/t)</p>
</td>
<td style="border-right: black 1px solid; border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;" align="center">2.982</p>
</td>
</tr>
<tr height="15">
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;">Bulk Concentrate Grade Gold (g/t)</p>
</td>
<td style="border-right: black 1px solid; border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;" align="center">14.85</p>
</td>
</tr>
<tr height="15">
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;">Total Silver Produced (kg)</p>
</td>
<td style="border-right: black 1px solid; border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;" align="center">2,056</p>
</td>
</tr>
<tr height="15">
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;">Total Gold Produced (g)</p>
</td>
<td style="border-right: black 1px solid; border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;" align="center">10,236</p>
</td>
</tr>
<tr height="15">
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;">Total Silver Produced (oz) <i>calculated</i></p>
</td>
<td style="border-right: black 1px solid; border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;" align="center">66,087</p>
</td>
</tr>
<tr height="15">
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;">Total Gold Produced (oz) <i>calculated</i></p>
</td>
<td style="border-right: black 1px solid; border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;" align="center">329</p>
</td>
</tr>
<tr height="15">
<td style="border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;">Total Silver Equivalent Produced (oz) <i>calculated*</i></p>
</td>
<td style="border-right: black 1px solid; border-bottom: black 1px solid; border-left: black 1px solid;">
<p style="margin: 0px;" align="center">89,740</p>
</td>
</tr>

</table>
<p style="margin: 0px;">&#160;</p>
<p style="margin: 0px;"><em>* </em><i>The silver equivalent ratio was calculated using metal prices of $16 oz Ag and $1,150 oz Au. <em>Mill production figures have not been reconciled and are subject to adjustment with concentrate sales. Calculated figures may not add up due to rounding.</em></i></p>
<p style="margin: 0px;">&#160;</p>
<table id="tableid12" style="width: 100%; font: 10pt TIMES NEW ROMAN;" cellspacing="0" cellpadding="0" border="0">

<tr>
<td>&#160;</td>
</tr>
<tr>
<td>
<div class="rcpn" align="center"><font size="2" face="Times New Roman, Times, serif">4</font></div>
<div class="hpbhr" style="font-size: 1pt; width: 100%;"></div>
<hr color="#000000" size="1" width="100%" noshade="noshade" >
<div style="width: 100%; page-break-after: always; line-height: 0px;"></div>
</td>
</tr>
<tr>
<td>
<div class="hdr" style="font-size: 1pt; width: 100%;"></div>
</td>
</tr>

</table>
<p style="margin: 0px;">&#160;</p>
<p style="margin: 0px;"><b>First Quarter 2015 Highlights</b></p>
<p style="margin: 0px;">&#160;</p>
<p style="margin: 0px;">The better silver feed grade and better silver and gold recoveries from the San Gonzalo stockpile material resulted in better returns than processing the historical Avino mine stockpile material. Avino will continue to regularly assess the optimal feed material for Circuit 2 based on metals prices, feed grades, recovery rates, and other factors.</p>
<p style="margin: 0px;">&#160;</p>
<p style="margin: 0px;"><b>Quality Assurance/Quality Control</b></p>
<p style="margin: 0px;">&#160;</p>
<p style="margin: 0px;">Mill assays are performed at the mine&#8217;s on-site lab. Check samples are sent to Inspectorate Labs in Reno, Nevada for verification.&#160; All concentrate shipments are assayed by independent third party labs such as AHK, LSI, Alex Stewart and SGS.</p>
<p style="margin: 0px;">&#160;</p>
<p style="margin: 0px;"><b>Qualified Person(s)</b></p>
<p style="margin: 0px;">&#160;</p>
<p style="margin: 0px;">Avino's projects are under the supervision of Chris Sampson, P.Eng, Avino Consultant and Jasman Yee P.Eng, Avino Director, who are both qualified persons within the context of National Instrument 43-101. Both have reviewed and approved the technical data in this news release.</p>
<p style="margin: 0px;">&#160;</p>
<p style="margin: 0px;"><b>About Avino</b></p>
<p style="margin: 0px;">&#160;</p>
<p style="margin: 0px;">Avino's mission is to create shareholder value through profitable organic growth at the historic Avino property near Durango, Mexico, and the strategic acquisition and operation of mineral exploration and mining properties. We are committed to managing all business activities in an environmentally responsible and cost-effective manner, while contributing to the well-being of the communities in which we operate.</p>
<p style="margin: 0px;">&#160;</p>
<p style="margin: 0px;">&#160;</p>
<p style="margin: 0px;"><b>On Behalf of the Board</b></p>
<p style="margin: 0px;">&#160;</p>
<p style="margin: 0px;"><b><i>&#8220;David Wolfin&#8221;</i></b></p>
<p style="margin: 0px;">________________________________</p>
<p style="margin: 0px;">David Wolfin</p>
<p style="margin: 0px;">President &amp; CEO</p>
<p style="margin: 0px;">Avino Silver &amp; Gold Mines Ltd.</p>
<p style="margin: 0px;">&#160;</p>
<table id="tableid13" style="width: 100%; font: 10pt TIMES NEW ROMAN;" cellspacing="0" cellpadding="0" border="0">

<tr>
<td>&#160;</td>
</tr>
<tr>
<td>
<div class="rcpn" align="center"><font size="2" face="Times New Roman, Times, serif">5</font></div>
<div class="hpbhr" style="font-size: 1pt; width: 100%;"></div>
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<div style="width: 100%; page-break-after: always; line-height: 0px;"></div>
</td>
</tr>
<tr>
<td>
<div class="hdr" style="font-size: 1pt; width: 100%;"></div>
</td>
</tr>

</table>
<p style="margin: 0px;">&#160;</p>
<p style="margin: 0px;">Safe Harbor Statement - This news release contains "forward-looking information" and "forward-looking statements" (together, the "forward looking statements") within the meaning of applicable securities laws and the United States Private Securities Litigation Reform Act of 1995, including our belief as to the extent and timing of various studies including the PEA, and exploration results, the potential tonnage, grades and content of deposits, timing and establishment and extent of resource estimates. These forward-looking statements are made as of the date of this news release and the dates of technical reports, as applicable. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the future circumstances, outcomes or results anticipated in or implied by such forward-looking statements will occur or that plans, intentions or expectations upon which the forward-looking statements are based will occur. While we have based these forward-looking statements on our expectations about future events as at the date that such statements were prepared, the statements are not a guarantee that such future events will occur and are subject to risks, uncertainties, assumptions and other factors which could cause events or outcomes to differ materially from those expressed or implied by such forward-looking statements.</p>
<p style="margin: 0px;">&#160;</p>
<p style="margin: 0px;">Such factors and assumptions include, among others, the effects of general economic conditions, the price of gold, silver and copper, changing foreign exchange rates and actions by government authorities, uncertainties associated with legal proceedings and negotiations and misjudgments in the course of preparing forward-looking information. In addition, there are known and unknown risk factors which could cause our actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Known risk factors include risks associated with project development; the need for additional financing; operational risks associated with mining and mineral processing; fluctuations in metal prices; title matters; uncertainties and risks related to carrying on business in foreign countries; environmental liability claims and insurance; reliance on key personnel; the potential for conflicts of interest among certain of our officers, directors or promoters with certain other projects; the absence of dividends; currency fluctuations; competition; dilution; the volatility of the our common share price and volume; tax consequences to U.S. investors; and other risks and uncertainties. Although we have attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. We are under no obligation to update or alter any forward-looking statements except as required under applicable securities laws.</p>
<p style="margin: 0px;">&#160;</p>
<p style="margin: 0px;">Cautionary Note to United States Investors - The information contained herein and incorporated by reference herein has been prepared in accordance with the requirements of Canadian securities laws, which differ from the requirements of United States securities laws. In particular, the term "resource" does not equate to the term "reserve". The Securities Exchange Commission's (the "SEC") disclosure standards normally do not permit the inclusion of information concerning "measured mineral resources", "indicated mineral resources" or "inferred mineral resources" or other descriptions of the amount of mineralization in mineral deposits that do not constitute "reserves" by SEC standards, unless such information is required to be disclosed by the law of the Company's jurisdiction of incorporation or of a jurisdiction in which its securities are traded. U.S. investors should also understand that "inferred mineral resources" have a great amount of uncertainty as to their existence and great uncertainty as to their economic and legal feasibility. Disclosure of "contained ounces" is permitted disclosure under Canadian regulations; however, the SEC normally only permits issuers to report mineralization that does not constitute "reserves" by SEC standards as in place tonnage and grade without reference to unit measures.</p>
<p style="margin: 0px;">&#160;</p>
<p style="margin: 0px;">Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.</p>
<p style="margin: 0px;">&#160;</p>
<p style="margin: 0px;">&#160;</p>
<p style="text-align: center; margin: 0px;">6</p>
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`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
