Avino Reports Voting Results of Annual General and Special Meeting
NYSE - MKT: ASM
TSX-V: ASM
May 25, 2017 FSE: GV6
AVINO REPORTS VOTING RESULTS
OF ANNUAL GENERAL AND SPECIAL MEETING
Avino Silver & Gold Mines Ltd. (ASM: TSX.V, ASM: NYSE – MKT, GV6: FSE, “Avino” or “the Company”)
is pleased to report voting results i n accordance with Section 11.3 of NI 51 -102 Continuous Disclosure
Obligations. This report briefly describes the matters voted upon and the outcome of the votes at the
Annual General and Special Meeting of Shareholders of the Company held on May 25, 2017:
1. Setting the Number of Directors at Five
According to proxies received and a vote conducted by a show of hands, the resolution regarding
the setting of the number of Directors at five was passed as follows:
Votes For % For Votes Against % Against
22,356,944 97.55 561,277 2.45
2. Election of Directors
According to proxies received and a vote conducted by a show of hands, the following directors
were elected to the board of directors of the Company as follows:
Director Nominee Votes For % For Votes Withheld % Withheld
Michael Baybak 8,190,022 97.63 198,643 2.37
Ross Glanville 8,217,089 97.95 171,576 2.05
Gary Robertson 8,194,602 97.69 194,062 2.31
David Wolfin 8,236,812 98.19 151,852 1.81
Jasman Yee 8,208,314 97.85 180,350 2.15
3. Appointment and Remuneration of Auditor
According to proxies received and a vote conducted by a show of hands, the resolution regarding
the appointment and remuneration of Manning Elliott LLP as the Company’s auditors was passed as
follows:
Votes For % For Votes Withheld % Withheld
22,349,168 97.52 569,053 2.48
AVINO SILVER &
GOLD MINES LTD.
T 604.682.3701 Suite 900, 570 Granville Street [email protected]
F 604.682.3600 Vancouver, BC V6C 3P1 www.avino.com
4. Approval of 10% Rolling Stock Option Plan
According to proxies received and votes conducted by a show of hands, the ordinary resolutions of
disinterested shareholders regarding the approval of the Rolling Stock Option Plan were passed by a
majority of shareholders as follows.
Votes For % For Votes Against % Against
4,645,111* 78.62 1,263,134 21.38
*Excluding 2,480,419 shares held by Insiders
The Board of Directors appreciate the support of our shareholders.
About Avino
Avino is a silver and gold producer with a diversified pipeline of gold, silver and base metals properties in
Mexico and Canada employing approximately 500 people. Avino produces from its wholly owned Avino
and San Gonzalo Mines near Durango, Mexico, and is cu rrently planning for future production at the
Bralorne Gold Mine in British Columbia, Canada. The Company’s gold and silver production remains
unhedged. The Company’s mission and strategy is to create shareholder value through its focus on
profitable organ ic growth at the historic Avino Property near Durango, Mexico, and the strategic
acquisition of mineral exploration and mining properties. We are committed to managing all business
activities in an environmentally responsible and cost -effective manner, whi le contributing to the well -
being of the communities in which we operate.
ON BEHALF OF THE BOARD
“David Wolfin”
________________________________
David Wolfin
President & CEO
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 Ref orm Act of 1995,
including our belief as to the extent and ti ming 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 rel ease 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 ot her factors which
could cause events or outcomes to differ materially from those expressed or implied by such forward-looking statements.
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, uncertaintie s 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 wi th 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 poten tial for conflict s of
interest among certain of our officers, directors or promoters of with certain other projects; the absence of dividends; curr ency fluctuations;
competition; dilution; the volatility of the our common share price and volume; tax consequences to U.S. in vestors; 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 su ch 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.
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 standa rds 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 incorp oration 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 thei r 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.
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.