Avino Renews Atm Equity Program
June 13, 2025
AVINO RENEWS ATM EQUITY PROGRAM
Avino Silver & Gold Mines Ltd. (ASM: TSX/NYSE American, GV6: FSE; “Avino” or the “Company”) announces that
it has filed a prospectus supplement dated June 13, 2025 (the “Prospectus Supplement”) to the Company’s short
form base shelf prospectus dated May 26, 2025 (the “Shelf Prospectus”) with the securities commissions in each
of the provinces and territories of Canada, with the exception of Québec , pursuant to which the Company may,
at its discretion and from time to time, distribute common shares (the “ Offered Shares”) pursuant to a sales
agreement dated June 13, 2023 (the “Sales Agreement”) with Cantor Fitzgerald & Co. (the “Designated Agent”),
H.C. Wainwright & Co. LLC, Roth Capital Partners, LLC, and A.G.P./Alliance Global Partners (collectively, with the
Designated Agent, the “Agents”), as agents or as principals, for the distribution of the Offered Shares in the United
States (the “ATM Offering”) up to the aggregate sales amount of US$40 million (the “ Maximum Amount”). A
corresponding prospectus supplement has been filed with the United States Securities and Exchange Commission
(the “SEC”).
“We have re -established the ATM Offering after the previous offering expired in May 2025, and it will be used
strategically as an additional source of financial flexibility if required, subject to regulatory requirements,” said
David Wolfin, Avino’s President and CEO.
The ATM Offering is being made in the United States under the terms of a registration statement on Form F -10,
as amended and filed with, and declared effective on May 28, 2025, by the SEC in the United States, and the Shelf
Prospectus and Prospectus Supplement filed in each province and territory of Canada, except Quebec; the
Registration Statement, Shelf Prospectus and Prospectus Supplement being collectively, the “ Prospectus”).
Prospective investors should read the Prospectus (including the documents incorporated by reference therein)
for more complete information about the Company and the ATM Offering, including the risks associated with
investing in the Company and disclosure with respect to the proposed use of proceeds of the ATM Offering.
The sales of the Offered Shares, if any, will be made directly on the NYSE American, or any other trading market
for the Offered Shares in the United States or outside of Canada as otherwise agreed between the Agents and the
Company, and will be deemed sales of Offered Shares under the Prospectus in transactions that are deemed to
be “at-the-market distributions” as defined in National Instrument 44-102 - Shelf Distributions and Rule 415 of the
Securities Act of 1933, as amended. The Offered Shares, if any, will be distributed at the market prices prevailing
at the time of sale. As a result, prices may vary between purchasers and during the period of distribution. The
ATM Offering will be effective until the earlier of (i) the date that the aggregate gross sales proceeds of the Offered
Shares sold under the ATM Offering reaches the Maximum Amount, (ii) the receipt for the Shelf Prospectus ceasing
to be effective in accordance with applicable securities laws, and (iii) the termination of the Sales Agreement in
accordance with its terms. The Company has agreed to pay the Agents a cash commission up to 3.0% of the gross
proceeds of the Offering. The Company is not obligated to make any sales of Offered Shares under the Distribution
Agreement. There is no certainty that any Offered Shares will be offered or sold under the ATM Offering.
N E W S R E L E A S E
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
June 13, 2025 - Avino Silver & Gold Mines Ltd. – News Release
AVINO RENEWS ATM SALES AGREEMENT
Page 2
Copies of the Shelf Prospectus, Prospectus Supplement and Registration Statement may be obtained on request
without charge from: (i) the Company at Suite 900 -570 Granville St., Vancouver, British Columbia, V6C 3P1,
Canada, telephone (604) 682-3701; or (ii) Cantor Fitzgerald & Co., Attention: Capital Markets, 110 East 59th Street,
6th floor, New York, New York 10022, by email at [email protected]. You may also obtain these documents
free of charge under the Company’s SEDAR+ profile at www.sedarplus.ca and on EDGAR at www.sec.gov.
The Toronto Stock Exchange has conditionally approved the listing of the Offered Shares that may be sold under
the ATM Offering. The Company intends to rely on the exemption in section 602.1 of the TSX Company Manual in
respect of the ATM Offering as an “Eligible Interlisted Issuer” (as such term is defined in the TSX Company Manual).
This press release does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale
of these securities in any jurisdiction in which an offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such jurisdiction.
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 shareholders 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. This study is a key milestone in our growth
trajectory. As part of Avino’s commitment to adopting sustainable practices, we have been operating a dry stack
tailings facility for more than one year now 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 wh ich 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.
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. 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, but are not limited to, statements with respect to the distribution of Offered Shares, if any,
under the ATM Offering and the benefits associated therewith and the use of net proceeds, if any, of the ATM Offering. expected operations at the Company’s mineral
properties. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives or future events or
performance (often, but not alway s, using words or phrases such as “expects”, “anticipates”, “plans”, “projects”, “estimates”, “envisages”, “assumes”, “intend s”,
“strategy”, “goals”, “objectives” or variations thereof or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” 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. 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 th at 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 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.
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.
For Further Information, Please Contact:
Investor Relations
Tel: 604-682-3701
Email: [email protected]