Avino Silver & Gold Mines Ltd. provide an update on recently completed and ongoing work in connection with La Preciosa, development stage mineral property which hosts one of the largest undeveloped primary silver resources in Mexico. La Preciosa is located adjacent to Avino's existing operations in Durango, Mexico. The addition of La Preciosa's mineral resource inventory significantly increased Avino's consolidated NI 43-101 mineral resources, which is currently 371 million silver equivalent ounces.

The application for the Environmental permit has been submitted by the Company to the relevant authorities. A further permit will be submitted shortly after receipt of the Environmental permit, which is required to commence the construction of the portal, haulage ramp, and the mining of the Gloria and Abundancia veins. Avino anticipates receiving these permits sometime in 2024.

The onsite drill core storage and office buildings are in good condition and are solar powered. Avino is committed to operating La Preciosa with a small environmental footprint and at a low cost.