Avino Continues to Intersect High-Grade Silver at LA Preciosa
ASM: TSX/NYSE American
Avino Silver & Gold Mines Ltd. T (604) 682 3701
Suite 900-570 Granville Street F (604) 682 3600
Vancouver, BC V6C 3P1 www.avino.com
October 27, 2025
AVINO CONTINUES TO INTERSECT HIGH-GRADE SILVER AT LA PRECIOSA
Avino Silver & Gold Mines Ltd. (ASM: TSX/NYSE American, GV6: FSE, "Avino" or "the Company") reports results of
four additional drill holes from La Preciosa which were drilled to twin previous drilling. Assay results for the
intercepts of the La Gloria and Abundancia veins continued to be very positive and are shown in Table 1. Previous
drill results can be found here.
Selected Intercept Highlights:
• Hole PMLP 25-06: 787 g/t Ag and 0.51 g/t Au over 5.22 metres true width
o including 3,206 g/t Ag and 1.02 g/t Au over 0.77 metres true width
• Hole PMLP 25-08 at Gloria: 306 g/t Ag and 1.15 g/t Au over 3.98 metres true width
o including 699 g/t Ag and 5.80 g/t Au over 0.63 metres true width
• Hole PMLP 25-08 at Abundancia: 463 g/t Ag and 0.61 g/t Au over 4.00 metres true width
o including 642 g/t Ag and 0.60 g/t Au over 0.95 metres true width
Based on previous drill results, the variation of grades and thicknesses within relatively short distances (under 10
metres) compared with previously drilled intercepts were expected due to the “pinch and swell” geometry of the
La Preciosa veins and the high nugget effects. The drill results exceeded grade expectations and verified the
geometry of the current vein-based resource model.
“We’re excited to share continued strong results from four new drill holes at La Preciosa, each returning excellent
grades that exceed the current resource average. These results reinforce the strategy of using underground mining
methods to unlock the value of the deposit” said David Wolfin, President and CEO. “Notably, the wider intercepts
at La Gloria and Abundancia highlight the deposit’s potential , especially early in the mine life . We’ll continue to
refine our geological model, expand drilling into underexplored areas, and integrate ongoing channel sampling
data as development advances on both veins, in both direction at level 3.”
Drilling Results
Assays were received on four holes totalling 915 metres drilled at La Preciosa, intersecting the La Gloria vein in all
four holes, the Abundancia vein in three holes, and additional unnamed and splay veins in one of the holes. Assays
were processed under Avino’s standard QA/QC program, with no indications of bias or contamination detected.
Unlike the Avino Mine, the L a Preciosa deposit contains no notable copper mineralization, so no copper values
are reported.
NEWS RELEASE
Avino Silver & Gold Mines Ltd. – October 27, 2025
AVINO CONTINUES TO INTERSECT HIGH-GRADE SILVER AT LA PRECIOSA
Page 2
Details are shown in the table and images below.
Table 1 – Summary Drill Results
Structure Hole Number From
(m)
To
(m)
Intercept
Length
(m)
True
width
(m)
Au
(g/t)
Ag
(g/t)
AgEq¹
(g/t)
La Gloria PMLP-25-05 223.25 226.45 3.2 2.48 0.66 425 484
Including 225.7 226.45 0.75 0.58 1.60 1299 1441
Abun Splay 1 PMLP-25-05 234.5 237.6 3.1 3.07 0.16 34 48
Abundancia PMLP-25-05 303.75 304.55 0.8 0.78 1.21 513 621
Unnamed_5 PMLP-25-05 221.3 221.8 0.5 0.40 1.02 455 546
Unnamed_6 PMLP-25-05 261.71 263.06 1.35 0.90 0.29 74 100
La Gloria PMLP-25-06 169.8 176.6 6.8 5.22 0.51 787 832
Including 174.45 175.45 1 0.77 1.02 3206 3297
Abundancia PMLP-25-06 219.4 220.9 1.5 1.47 0.86 635 711
La Gloria PMLP-25-07 175.9 181.7 5.8 2.84 0.39 216 251
Including 176.93 178 1.07 0.52 0.35 490 521
Abundancia PMLP-25-07 227.2 227.75 0.55 0.52 0.24 93 114
La Gloria PMLP-25-08 53.15 58.5 5.35 3.98 1.15 306 408
Including 53.15 54.00 0.85 0.63 5.80 699 1215
Abundancia PMLP-25-08 135.60 139.80 4.20 4.00 0.61 463 517
Including 136.6 137.6 1 0.95 0.60 642 696
1. AgEq in drill results above assumes $4000/oz Au and $45.00/oz Ag, and 100% metallurgical recovery.
Figure 1 – Plan View of the La Gloria Vein Showing the Current Drill Hole Locations and the Twin Hole Locations as
well as the Projected View of the Decline and Surface Works.
Avino Silver & Gold Mines Ltd. – October 27, 2025
AVINO CONTINUES TO INTERSECT HIGH-GRADE SILVER AT LA PRECIOSA
Page 3
Figure 2 – Longitudinal View of the La Gloria Vein Showing the Current Holes (highlighted) Relative to the Historic
Drilling.
Figure 3 – Longitudinal View of the Abundancia Vein Showing the Current Holes (highlighted) Relative to the Historic
Drilling.
Avino Silver & Gold Mines Ltd. – October 27, 2025
AVINO CONTINUES TO INTERSECT HIGH-GRADE SILVER AT LA PRECIOSA
Page 4
Figure 4 – Cross-Section of PMLP25-08, looking North, Showing the Abundancia Vein, the La Gloria vein and the
Projections of the Decline Ramp.
Geological Description
La Preciosa deposit is situated on the eastern flank of the Cretaceous to mid -Tertiary Sierra Madre Occidental. The SMO
is the largest silicic igneous province in North America, and it stretches from the USA -Mexico border to the latitude of
Guadalajara, where the SMO is covered by the late Miocene to Quaternary Trans-Mexican Volcanic Belt.
Mineralization at the La Preciosa is hosted within multiple discrete poly -phase quartz veins, often displaying banded,
smoky, drusy, and chalcedonic textures. Also, in each stage, there is variably crustiform banded fracture fill/breccia cement
mineralogy. Fluorite, amethyst, a substantial number of barite laths, calcite, and rhodochrosite may also be present, and
sulphide mineralization in the form of sphalerite, galena, pyrite, chalcopyrite, acanthite, sparse native silver, and free gold,
as well as iron and manganese oxides have been noted in drill core. The principal silver-bearing mineral at the La Preciosa
is acanthite-pseudomorphic after argentite or as microcrystalline to amorphous grains.
The main vein system on the Abundancia ridge consists of dominantly north -south-striking and westward-dipping veins
plus east-southeast–striking, south-dipping crosscutting veins. The Abundancia vein system has been traced on the surface
for over 1.5 km. In the eastern part of the Project, a north - to northwest-striking, shallow west-dipping vein system with
associated hanging wall veining and alteration is exposed in a series of hills. This vein system is referred to as the Martha
vein and has been traced by drilling for over 2.5 km along the strike.
The mineralization in the area occurs in veins, veinlets, and stockwork. These veins average in true width less than 15 m
(Martha Vein) and consist of several stages of banded crustiform to colloform, quartz (and cryptocrystalline quartz at
shallow depths), adularia, barite, and typically later carbonates (both calcite and rhodochrosite); illite commonly replaces
the adularia. There are variable amounts of pyrite, sphalerite, and galena plus argentite, and variable amounts of
tetrahedrite - tennantite, freibergite, and Ag sulfosalt.
Avino Silver & Gold Mines Ltd. – October 27, 2025
AVINO CONTINUES TO INTERSECT HIGH-GRADE SILVER AT LA PRECIOSA
Page 5
There are steep-dipping veins in the west, such as the La Gloria vein. These steep veins can be considered as a mineralized
zone or lode of stock work, silicification, breccias, veins, vein breccias, veinlets, and a general mix of multiple styles of
mineralization.
The mineralization displays characteristics typical of epithermal veins in Mexico, particularly of the Ag-rich variety. Quartz
veins are accompanied by adularia, barite, calcite, and rhodochrosite of variable timing, as well as acanthite, freibergite,
Ag sulfosalts and minor electrum, plus variable amounts of pyrite, honey -coloured sphalerite, tennantite/tetrahedrite,
chalcopyrite and galena, and supergene Fe and Mn oxides; the hypogene minerals are characteristic of intermediate -
sulphidation deposits in Mexico. Mineralization is believed to be Tertiary in age, and both the Lower Volcanic Supergroup
(LVS) and Upper Volcanic Supergroup (UVS) are mineralized, but the overlying basalts are recent and not mineralized.
Sampling and Assay Methods
Following detailed geological and geotechnical logging, selected drill core areas were cut in half. One half of the core was
submitted to the SGS Laboratory facility in Durango, Mexico, and the other half was retained on -site for verification and
reference. Gold is assayed by fire assay with an AA finish. Any samples exceeding 3.0 gold g/t are re-assayed and followed
by a gravimetric finish. Multi-element analyses are also completed for each sample by SGS ICP14B methods. Silver is fire
assayed with a gravimetric finish for samples assaying over 100 g/t . Avino uses a series of standard reference materials,
blank reference materials, and duplicates as part of their QA/QC program during assaying.
Qualified Person(s)
Avino's projects in Durango, Mexico are under the geoscientific oversight of Michael F. O’Brien, P.Geo., Senior Principal
Consultant, Red Pennant Communications, and under the supervision of Peter Latta, P.Eng, Avino’s VP, Technical Services,
who are both qualified persons within the context of NI 43 -101. Both have reviewed and approved the technical data in
this news release.
About Avino
Avino is a silver producer from its wholly owned Avino Mine near Durango, Mexico. The Company’s silver, gold and copper
production remains unhedged. The Company intends to maintain long term sustainable and profitable mining operations
to reward shareholde rs and the community alike through our growth at the historic Avino Property and the strategic
acquisition of the adjacent La Preciosa which was finalized in Q1 2022. Early in 2024, the Pre-feasibility Study on the Oxide
Tailings Project was completed. Thi s study is a key milestone in our growth trajectory. Avino has been included in the
Toronto Stock Exchange’s 2025 TSX30 ™. Avino has distinguished itself by reaching the 5th position on the TSX30 2025
ranking. As part of Avino’s commitment to adopting sustainable practices, we have been operating a dry -stack tailings
facility for more than two years with excellent results. We are committed to managing all business activities in a safe,
environmentally responsible, and cost-effective manner, while contributing to the well-being of the communities in which
we operate. We encourage you to connect with us on X (formerly Twitter) at @Avino_ASM and on LinkedIn at Avino Silver
& Gold Mines. To view the Avino Mine VRIFY tour, please click here.
Note: All Avino Silver & Gold Mines Ltd. drill results are detailed in separate news releases and these releases are available
on our website at www.avino.com and on our SEDAR profile at www.sedar+.com.
Avino Silver & Gold Mines Ltd. – October 27, 2025
AVINO CONTINUES TO INTERSECT HIGH-GRADE SILVER AT LA PRECIOSA
Page 6
For Further Information, Please Contact:
Investor Relations
Tel: 604-682-3701
Email: [email protected]
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 the mineral resource estimate
for the Company’s Avino Property, including La Preciosa, located near Durango in west -central Mexico (the “Avino Property”) with an effective date
of October 16, 2023 and can be viewed within Avino’s latest technical report dated February 5, 2024 for the Pre -feasibility Study and references to
Measured, Indicated Resources, and Proven and Probable Mineral Reserves referred to in this press release. This information and these statements,
referred to herein as “forward-looking statements” are made as of the date of this document. Forward-looking statements relate to future events or
future performance and reflect current estimates, predictions, expectations or beliefs regarding future events and include, b ut are not lim ited to,
statements with respect to: (i) the estimated amount and grade of mineral reserves and mineral resources, including the cut -off grade; (ii) estimates
of the capital costs of constructing mine facilities and bringing a mine into production, of operating the mine, of sustaining capital, of strip ratios and
the duration of financing payback periods; (iii) the estimated amount of future production, both ore processed and metal reco vered and recovery
rates; (iv) estimates of operating costs, life of min e costs, net cash flow, net present value (NPV) and economic returns from an operating mine; and
(v) the completion of the full Technical Report, including a Preliminary Economic Assessment, and its timing. Any statements that express or involve
discussions with respect to predictions, expectations, beliefs, plans, projections, objectives or future events or performance (often, but not always,
using words or phrases such as “expects”, “anticipates”, “plans”, “projects”, “estimates”, “envisages”, “assumes”, “intends”, “strategy”, “goals”,
“objectives” or variations thereof or stating that certain actions, events or results “may”, “could”, “would”, “might” or “wi ll” be taken, occur or be
achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements.
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 at the date that
such statements were prepared, the statements are not a guarantee that such future events will occur and are subj ect 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.
Cautionary note to U.S. Investors concerning estimates of Mineral Reserves and Mineral Resources
All reserve and resource estimates reported by Avino were estimated in accordance with the Canadian National Instrument 43-101 and the Canadian
Institute of Mining, Metallurgy and Petroleum (“CIM”) Definition Standards. The U.S. Securities and Exchange Com mission (“SEC”) now recognizes
estimates of “measured mineral resources,” “indicated mineral resources” and “inferred mineral resources” and uses new defini tions of “proven
mineral reserves” and “probable mineral reserves” that are substantially similar to the corresponding CIM Definition Standards. However, the CIM
Definition Standards differ from the requirements applicable to US domestic issuers. US investors are cautioned not to assume that any “measured
mineral resources,” “indicated mineral resources, ” or “inferred mineral resources” that the Issuer reports are or will be economically or legally
mineable. Further, “inferred mineral resources” are that part of a mineral resource for which quantity and grade are estimated on the basis of limited
geologic evidence and sampling. Mineral resources which are not mineral reserves do not have demonstrated economic viability.
Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy
of this release.