<SEC-DOCUMENT>0001477932-16-009042.txt : 20160315
<SEC-HEADER>0001477932-16-009042.hdr.sgml : 20160315
<ACCEPTANCE-DATETIME>20160314200021
ACCESSION NUMBER:		0001477932-16-009042
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20160314
FILED AS OF DATE:		20160315
DATE AS OF CHANGE:		20160314

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:		161505286

	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>
<html><head><title> avino_6k.htm </title><!--Document Created by EDGARMaster--></head><BODY style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: 0px 7%" scroll="yes"><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px"><div style="FONT-SIZE: 1px; WIDTH: 100%; BORDER-BOTTOM: #000000 4px solid; MARGIN: 0px"></div><p style="MARGIN: 0px"><div style="FONT-SIZE: 1pt; WIDTH: 100%; MARGIN-TOP: 2px; BORDER-BOTTOM: #000000 1px solid"></div><p style="MARGIN: 0px"><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px" align="center"><b><font size="3">UNITED STATES</font></b></p><p style="MARGIN: 0px" align="center"><b><font size="3">SECURITIES AND EXCHANGE COMMISSION</font></b></p><p style="MARGIN: 0px" align="center"><font size="3"><b>Washington, D.C. 20549</b></font></p><p style="MARGIN: 0px" align="center">&nbsp;</p><p style="MARGIN: 0px" align="center"><b><font size="6">FORM 6-K</font></b></p><p style="MARGIN: 0px" align="center">&nbsp;</p><p style="MARGIN: 0px" align="center"><b><font size="2">REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16</font></b></p><p style="MARGIN: 0px" align="center"><b><font size="2">UNDER THE SECURITIES EXCHANGE ACT OF 1934</font></b><font size="2"></font></p><p style="MARGIN: 0px" align="center">&nbsp;</p><p style="MARGIN: 0px" align="center"><strong><u>March, 2016</u></strong></p><p style="MARGIN: 0px" align="center"><font size="2"></font>&nbsp;</p><p style="MARGIN: 0px" align="center"><font size="2">Commission File Number: <b>001-35254</b></font></p><p style="MARGIN: 0px" align="center">&nbsp;</p><p style="MARGIN: 0px" align="center"><table id="16764f22-fd89-4158-96d5-f48d99dd7fe2" style="WIDTH: 70%; TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: auto; font-size-adjust: none; font-stretch: normal" cellspacing="0" cols="1" cellpadding="0" width="70%" align="center" border="0">    <tr><td style="BORDER-BOTTOM: black 1px solid"><p style="MARGIN: 0px" align="center"><b><font size="6">AVINO SILVER &amp; GOLD MINES LTD.</font></b><font size="2"></font></p></td></tr></table></p><p style="MARGIN: 0px" align="center">&nbsp;</p><p style="MARGIN: 0px" align="center"><b><u><font size="2">Suite 900, 570 Granville Street, Vancouver, BC V6C 3P1</font></u></b></p><p style="MARGIN: 0px" align="center"><font size="2">(Address of principal executive offices)</font></p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px"><font size="2">Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.&nbsp;&nbsp;&nbsp;<font style="FONT-SIZE: 10pt; FONT-FAMILY: Wingdings">x</font></font><font size="2">&nbsp;Form 20-F&nbsp;&nbsp; </font><font size="2"><font face="Wingdings"><font style="FONT-FAMILY: Wingdings">&#168;</font></font></font><font size="2"> Form 40-F</font></p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px"><font size="2">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><font size="2"><font face="Wingdings"><font style="FONT-FAMILY: Wingdings">&#168;</font></font></font><font size="2"></font></p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px"><font size="2">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><font size="2"><font face="Wingdings"><font style="FONT-FAMILY: Wingdings">&#168;</font></font></font><font size="2"></font></p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px"><font size="2">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&nbsp;</font><font size="2"><font face="Wingdings"><font style="FONT-FAMILY: Wingdings">&#168;</font></font></font><font size="2">&nbsp;&nbsp; No <font style="FONT-SIZE: 10pt; FONT-FAMILY: Wingdings">x</font></font></p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px"><font size="2">If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): </font></p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px"><div style="FONT-SIZE: 1pt; WIDTH: 100%; BORDER-BOTTOM: rgb(0,0,0) 1px solid; MARGIN: 0px"></div><p style="MARGIN: 0px"><div style="FONT-SIZE: 1pt; WIDTH: 100%; MARGIN-TOP: 2px; BORDER-BOTTOM: rgb(0,0,0) 4px solid; PAGE-BREAK-AFTER: always"></div><p style="MARGIN: 0px"><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px" align="center"><b><font size="2">SUBMITTED HEREWITH</font></b><font size="2"></font></p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px"><b><font size="2">Exhibits:</font></b></p><p style="MARGIN: 0px"><font size="2">&nbsp; </font><p style="MARGIN: 0px"><table id="f361e783-07a5-45d7-910e-5aa8b02a8056" style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: auto; font-size-adjust: none; font-stretch: normal" cellspacing="0" cellpadding="0" width="100%" border="0">    <tr height="15" bgcolor="#cceeff"><td width="8%"><p style="MARGIN: 0px"><font size="2">99.1</font></p></td><td width="92%"><p style="MARGIN: 0px">Material change report dated March 14, 2016</p></td></tr></table><p style="MARGIN: 0px"><font size="2">&nbsp;</font></p><p style="MARGIN: 0px"><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: auto; font-size-adjust: none; font-stretch: normal" cellspacing="0" cellpadding="0" width="100%" border="0"></table></p><table id="pagebreakaf7982e8-ad23-4b6a-9082-08cd817d0b0c" class="pagebreak" style="WIDTH: 100%; FONT: 10pt TIMES NEW ROMAN; font-size-adjust: none; font-stretch: normal" cellspacing="0" cellpadding="0" border="0">    <tr><td class="hpbhr">&nbsp;</td></tr><tr><td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center">2</td></tr><tr></tr><tr><td><div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"></div></td></tr><tr><td>&nbsp;</td></tr></table><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px" align="center"><b><font size="2">SIGNATURES</font></b><font size="2"></font></p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px"><font size="2">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.</font>&nbsp;&nbsp;</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px"><table id="38dd7bda-68c1-45b4-b5ad-ab7ba17462a6" style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: auto; font-size-adjust: none; font-stretch: normal" cellspacing="0" cellpadding="0" width="100%" border="0">    <tr height="15"><td valign="top" width="50%"></td><td valign="top" width="38%" colspan="2"><p style="MARGIN: 0px"><b><font size="2">AVINO SILVER &amp; GOLD MINES LTD.</font></b><font size="2"></font></p></td><td valign="top" width="12%"></td></tr><tr height="15"><td valign="top" width="50%"></td><td valign="top" width="38%" colspan="2"><p style="MARGIN: 0px"><font size="2">(Registrant)</font></p></td><td valign="top" width="12%"></td></tr><tr height="15"><td valign="top" width="50%"></td><td valign="top" width="38%" colspan="2"></td><td valign="top" width="12%"></td></tr><tr height="15"><td valign="top" width="50%"><p style="MARGIN: 0px"><font size="2">Date:&nbsp;March 14, 2016</font></p></td><td valign="top" width="3%"><p style="MARGIN: 0px"><font size="2">By:</font></p></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom" width="35%"><p style="MARGIN: 0px"><i><font size="2">/s/&nbsp;Dorothy Chin</font></i><font size="2"></font></p></td><td valign="top" width="12%"></td></tr><tr height="15"><td valign="top" width="50%"></td><td valign="top" width="3%"></td><td valign="bottom" width="35%"><p style="MARGIN: 0px"><font size="2">Dorothy Chin</font></p></td><td valign="top" width="12%"></td></tr><tr height="15"><td valign="top" width="50%"></td><td valign="top" width="3%"></td><td valign="top" width="35%"><p style="MARGIN: 0px"><font size="2">Corporate Secretary</font></p></td><td></td></tr></table><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px" align="center"><font size="2"></font>&nbsp;&nbsp;</p><p style="MARGIN: 0px" align="center"><font size="2">3</font></p><hr style="COLOR: rgb(0,0,0)" noshade=""></BODY></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>avino_ex991.htm
<DESCRIPTION>MATERIAL CHANGE REPORT
<TEXT>
<html><head><title> avino_ex991.htm </title><!--Document Created by EDGARMaster--></head><BODY style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: 0px 7%" scroll="yes"><p style="MARGIN: 0px" align="right"><strong>EXHIBIT 99.1</strong></p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px" align="center"><b><font size="2">FORM 51-102F3</font></b></p><p style="MARGIN: 0px" align="center"><b><i><font size="2">MATERIAL CHANGE REPORT</font></i></b></p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px" align="left"><b><font size="2"><table id="7c746e75-e4c9-4d9e-9977-749fb600494a" style="TEXT-ALIGN: justify; FONT: 10pt times new roman" cellspacing="0" cellpadding="0" width="100%" border="0">    <tr><td valign="top" width="45"><strong>1. </strong></td><td valign="top"><p style="MARGIN: 0px"><strong>Name and Address of Company</strong></p></td></tr><tr height="15"><td valign="top"></td><td valign="top"></td></tr><tr><td><p style="MARGIN: 0px">&nbsp;</p></td><td><p style="MARGIN: 0px"><font size="2">Avino Silver &amp; Gold Mines Ltd.</font>&nbsp;</p><p style="MARGIN: 0px" align="left"><font size="2">Suite 900, 570 Granville Street<br>Vancouver, BC Canada V6C 3P1<br>Telephone: (604) 682-3701<br>Facsimile: (604) 682-3600</font></p></td></tr></table></font></b>&nbsp;</p><p style="MARGIN: 0px" align="left"><b><font size="2"><table id="20b3c1e1-2086-453f-8ac5-fef74f724dbc" style="TEXT-ALIGN: justify; FONT: 10pt times new roman" cellspacing="0" cellpadding="0" width="100%" border="0">    <tr><td valign="top" width="45"><strong>2. </strong></td><td valign="top"><p style="MARGIN: 0px"><strong>Date of Material Change</strong></p></td></tr><tr height="15"><td valign="top"></td><td valign="top"></td></tr><tr><td><p style="MARGIN: 0px">&nbsp;</p></td><td><p style="MARGIN: 0px"><font size="2">March 14, 2016</font></p></td></tr></table></font></b>&nbsp;</p><p style="MARGIN: 0px" align="left"><b><font size="2"><table style="TEXT-ALIGN: justify; FONT: 10pt times new roman" cellspacing="0" cellpadding="0" width="100%" border="0">    <tr><td valign="top" width="45"><strong>3. </strong></td><td valign="top"><p style="MARGIN: 0px"><strong>News Release(s)</strong></p></td></tr><tr height="15"><td valign="top"></td><td valign="top"></td></tr><tr><td valign="top" width="45"></td><td valign="top"><p style="MARGIN: 0px">The news release was disseminated on March 14, 2016 via Canada Newswire.</p></td></tr><tr height="15"><td valign="top"></td><td valign="top"></td></tr><tr><td valign="top" width="45"><strong>4 </strong></td><td valign="top"><p style="MARGIN: 0px"><strong>Summary of Material Change</strong></p></td></tr><tr height="15"><td valign="top"></td><td valign="top"></td></tr><tr><td valign="top" width="45"></td><td valign="top"><p style="MARGIN: 0px">The Company has completed a U.S. Brokered Public Offering of 800,000 common shares at a price of US$1.00 (approximately $1.325) per common share for gross proceeds of US$800,000.</p></td></tr><tr height="15"><td valign="top"></td><td valign="top"></td></tr><tr><td valign="top" width="45"><strong>5. </strong></td><td valign="top"><p style="MARGIN: 0px"><strong>Full Description of Material Change</strong></p></td></tr><tr height="15"><td valign="top"></td><td valign="top"></td></tr><tr><td valign="top" width="45"></td><td valign="top"><p style="MARGIN: 0px">See press releases dated March 14, 2016 attached as Schedule "A" hereto.</p></td></tr><tr height="15"><td valign="top"></td><td valign="top"></td></tr><tr><td valign="top" width="45"><strong>6. </strong></td><td valign="top"><p style="MARGIN: 0px"><strong>Reliance on subsection 7.1(2) or (3) of National Instrument 51-102</strong></p></td></tr><tr height="15"><td valign="top"></td><td valign="top"></td></tr><tr><td valign="top" width="45"></td><td valign="top"><p style="MARGIN: 0px">This report is not being filed on a confidential basis.</p></td></tr><tr height="15"><td valign="top"></td><td valign="top"></td></tr><tr><td valign="top" width="45"><strong>7. </strong></td><td valign="top"><p style="MARGIN: 0px"><strong>Omitted Information</strong></p></td></tr><tr height="15"><td valign="top"></td><td valign="top"></td></tr><tr><td valign="top" width="45"></td><td valign="top"><p style="MARGIN: 0px">Not applicable.</p></td></tr><tr height="15"><td valign="top"></td><td valign="top"></td></tr><tr><td valign="top" width="45"><strong>8. </strong></td><td valign="top"><p style="MARGIN: 0px"><strong>Executive Officer</strong></p></td></tr><tr height="15"><td valign="top"></td><td valign="top"></td></tr><tr><td valign="top" width="45"></td><td valign="top"><p style="MARGIN: 0px">David Wolfin, President and CEO, (604) 682-3701</p></td></tr><tr height="15"><td valign="top"></td><td valign="top"></td></tr><tr><td valign="top" width="45"><strong>9. </strong></td><td valign="top"><p style="MARGIN: 0px"><strong>Date of Report</strong></p></td></tr><tr height="15"><td valign="top"></td><td valign="top"></td></tr><tr><td valign="top" width="45"></td><td valign="top"><p style="MARGIN: 0px">March 14, 2016</p></td></tr></table></font></b>&nbsp;</p><table id="pagebreak2b7f4f61-fd1c-41c3-a9fb-70f3216079f3" class="pagebreak" style="WIDTH: 100%; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" border="0">    <tr><td class="hpbhr">&nbsp;</td></tr><tr><td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center">1</td></tr><tr></tr><tr><td><div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"></div></td></tr><tr><td>&nbsp;</td></tr></table><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px" align="center"><b><font size="2">SCHEDULE "A"</font></b>&nbsp;</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px"><table id="4fa9406c-61fe-4534-8432-3012a1978ad8" style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: auto" cellspacing="0" cols="3" cellpadding="0" width="100%" align="center" border="0" cell.rowspan="" cell.colspan="">    <tr><td width="10%"><p style="MARGIN: 0px"><img src="img001.jpg"></p></td><td valign="top" width="28%" colspan="2"><p style="MARGIN: 0px" align="left"><b><font size="5">AVINO SILVER &amp;</font></b>&nbsp; <br><b><font size="5">GOLD MINES LTD.</font></b> &nbsp;</p></td><td width="2%"><p style="MARGIN: 0px">&nbsp;</p></td><td valign="bottom" width="60%"><p style="MARGIN: 0px" align="right"><font color="#0080c0">T</font> 604.682.3701 Suite 900, 570 Granville Street ir@avino.com&nbsp;</p><p style="MARGIN: 0px" align="right"><font color="#0080c0">F </font><font size="2">604.682.3600 Vancouver, BC V6C 3P1 www.avino.com</font></p></td></tr></table></p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px" align="right"><font size="2">NYSE - MKT: <b>ASM</b></font></p><p style="MARGIN: 0px" align="right"><font size="2">TSX-V: <b>ASM<br></b></font><font size="2">FSE: <b>GV6</b></font><font size="2"></font></p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px"><font size="2">March 14, 2016</font></p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px" align="center"><strong><font size="4">AVINO CLOSES U.S. BROKERED PUBLIC OFFERING</font></strong></p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px"><b><font size="2">Avino Silver &amp; Gold Mines Ltd. (ASM: NYSE &#8211; MKT, ASM: TSX.V; "Avino" or "the Company")</font></b><font size="2"> is pleased to report the completion of the previously announced brokered public offering (the "Offering") through Noble International Investments, Inc., doing business as Noble Financial Capital Markets of Boca Raton, Florida (the "Agent") as sole placement agent to an institutional investor. Total gross proceeds of US$800,000 were raised through the sale of 800,000 Common Shares at a price of US$1.00 (approximately Canadian $1.325) per Common Share. </font></p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px"><font size="2">The agent received a commission of 7% of the gross proceeds of the Offering and a purchase warrant to purchase 40,000 Common Shares of Avino at an exercise price of US$1.00 per share for a period of three (3) years until March 14, 2019.</font><font size="2"></font></p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px"><font size="2">The funds raised from the sale of the Common Shares will be used to </font><font size="2">advance</font><font size="2"> the development of the Avino mine and its operations and production, continued development at the Bralorne mine, and for general working capital.</font><font size="2"></font></p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px"><font size="2">The Common Shares are registered securities issued by way of a Form F-3 Registration Statement, base prospectus, and prospectus supplement filed with the U.S. Securities and Exchange Commission. Copies of the Registration Statement and prospectus are available under the Company's profile on SEDAR at </font><font size="2">www.sedar.com</font><font size="2"> and with the SEC at www.sec.gov.</font></p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px"><b><font size="2">Avino</font></b></p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px"><font size="2">Avino's mission is to create shareholder value through profitable organic growth at the historic Avino property near Durango, Mexico, and the Bralorne property in southwestern British Columbia, Canada. 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.</font></p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px"><b><font size="2">AVINO SILVER &amp; GOLD MINES LTD.</font></b></p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px"><b><i><font size="2">"David Wolfin"</font></i></b>&nbsp;</p><p style="MARGIN: 0px"><font size="2">________________________________&nbsp;</font>&nbsp;</p><p style="MARGIN: 0px"><font size="2">David Wolfin,</font></p><p style="MARGIN: 0px"><font size="2">President and Chief Executive Officer,   <p style="MARGIN: 0px"><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px"><table id="pagebreakef2dc104-d2a1-4f50-8910-d6426a3bceee" class="pagebreak" style="WIDTH: 100%; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" border="0">    <tr><td class="hpbhr">&nbsp;</td></tr><tr><td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center">2</td></tr><tr></tr><tr><td><div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"></div></td></tr><tr><td>&nbsp;</td></tr></table></p><p style="MARGIN: 0px">&nbsp; </font></p><p style="MARGIN: 0px"><font size="2">Safe Harbor Statement - This news release contains "forward-looking information" and "forward-looking statements" (together, the "forward looking statements") within the meaning of applicable securities laws and the United States Private Securities Litigation Reform Act of 1995, including our belief as to the extent and timing of various studies including the PEA, and exploration results, the potential tonnage, grades and content of deposits, timing and establishment and extent of resources estimates. These forward-looking statements are made as of the date of this news release and the dates of technical reports, as applicable. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the future circumstances, outcomes or results anticipated in or implied by such forward-looking statements will occur or that plans, intentions or expectations upon which the forward-looking statements are based will occur. While we have based these forward-looking statements on our expectations about future events as at the date that such statements were prepared, the statements are not a guarantee that such future events will occur and are subject to risks, uncertainties, assumptions and other factors which could cause events or outcomes to differ materially from those expressed or implied by such forward-looking statements.</font></p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px"><font size="2">Such factors and assumptions include, among others, the effects of general economic conditions, the price of gold, silver and copper, changing foreign exchange rates and actions by government authorities, uncertainties associated with legal proceedings and negotiations and misjudgments in the course of preparing forward-looking information. In addition, there are known and unknown risk factors which could cause our actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Known risk factors include risks associated with project development; the need for additional financing; operational risks associated with mining and mineral processing; fluctuations in metal prices; title matters; uncertainties and risks related to carrying on business in foreign countries; environmental liability claims and insurance; reliance on key personnel; the potential for conflicts of interest among certain of our officers, directors or promoters of with certain other projects; the absence of dividends; currency fluctuations; competition; dilution; the volatility of the our common share price and volume; tax consequences to U.S. investors; and other risks and uncertainties. Although we have attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. We are under no obligation to update or alter any forward-looking statements except as required under applicable securities laws.</font></p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px"><font size="2">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.</font></p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px"><font size="2">Neither 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.</font></p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px">&nbsp;</p><p style="MARGIN: 0px" align="center">3</p><hr style="COLOR: #000000" noshade=""></BODY></html>
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