Avino Silver & Gold Mines Ltd. has launched an at-the-market (ATM) equity offering of common shares with an aggregate sales amount of up to US$40,000,000, equivalent to approximately C$54.45 million based on the June 12, 2025 Bank of Canada exchange rate of US$1.00 = C$1.3612. The offering is made under a sales agreement dated June 13, 2025, between Avino and Cantor Fitzgerald & Co. (designated agent), H.C. Wainwright & Co., LLC, Roth Capital Partners, LLC, and A.G.P./Alliance Global Partners. Shares may be sold in the United States through the NYSE American at market or negotiated prices.

The offering is pursuant to a registration statement on Form F-10 (SEC File No. 333-287246), declared effective by the U.S. Securities and Exchange Commission on May 27, 2025. No sales will occur in Canada, and there is no minimum amount required to close the offering.

Net proceeds will be used to fund exploration and development at Avino’s Avino and La Preciosa properties in Durango, Mexico, including potential funding for the US$49.1 million Oxide Tailings Project, as well as for working capital and possible acquisitions. Avino will pay the agents a commission of up to 3.0 percent of the gross sales and up to US$250,000 in related expenses.

Canadian legal matters are being handled by Cozen O’Connor LLP and U.S. legal matters by Lewis Brisbois Bisgaard & Smith LLP. As of the prospectus date, shareholders and associates of both firms collectively own less than 1 percent of Avino’s common shares.