ASM · Avino Silver & Gold Mines Ltd.

Avino Silver & Gold Mines Ltd. has achieved a major milestone by establishing inaugural Proven and Probable Mineral Reserves across its three key assets: La Preciosa, Avino Mine (including ET, Guadalupe, and La Potosina), and Oxide Tailings Deposit. Total reserves stand at 27 million tonnes grading 145 g/t silver equivalent, equating to 95 million ounces silver, 356 thousand ounces gold, and 85 million pounds copper, or 127 million silver equivalent ounces. This conversion represents 42% of the mineral resource base on a silver equivalent basis, demonstrating strong resource quality and potential for extended mine life at current mill throughput levels. Complementing this, the Measured and Indicated resource base grew 9% year-over-year to 68 million tonnes containing 301 million AgEq ounces at 162 g/t, despite depletion from mining and after incorporating 4,560 meters of drilling. Specific breakdowns highlight La Preciosa's high-grade potential with 11 million tonnes reserves at 206 g/t silver, Avino's polymetallic reserves including copper, and the steady Oxide Tailings contribution. Management emphasizes this as transformational, positioning Avino toward multi-asset mid-tier production with ongoing exploration of 30,000 meters planned for 2026. Reserves were estimated using industry-standard ordinary kriging methods under NI 43-101, with metal prices of US$36.90/oz Ag, US$3,210/oz Au, and US$4.4/lb Cu for underground assets, reflecting reasonable prospects for economic extraction. Risks include metal price fluctuations, geotechnical issues, tailings capacity (requiring further studies), and permitting. An updated NI 43-101 technical report by Tetra Tech will be filed within 45 days.