VANCOUVER, BC / ACCESSWIRE / October 27, 2023 / Avino Silver & Gold Mines Ltd. (TSX:ASM)(NYSE American:ASM)(FSE:GV6) "Avino" or the "Company") announces that Coeur Mining, Inc. ("Coeur") will offer for sale up to 14,000,000 common shares of Avino (the "Common Shares") currently held by Coeur to eligible investors outside of Canada at the prevailing market price at the time of sale, for gross proceeds to Coeur of approximately US$7.0 million (the "Secondary Offering"). Avino will not receive any proceeds from the Secondary Offering.

Coeur owns as of today 14,000,000 Common Shares, representing approximately 11.24% of the issued and outstanding Common Shares of Avino (on a non-diluted basis). Upon completion of the Secondary Offering, Coeur's ownership of Avino's issued and outstanding Common Shares will be reduced from 11.24% to nil.

The Secondary Offering will be conducted by Coeur through registered agents (the "Agents") on a "best efforts" basis only in the United States of America and in any other jurisdiction where the Common Shares may be lawfully offered for sale and sold. No Common Shares will be offered or sold to Canadian purchasers, and there will be no solicitations or advertising activities undertaken in Canada in connection with the Secondary Offering. The Common Shares will be delivered on such dates as may be agreed upon by the Selling Shareholder and the Agents until all of the Common Shares are sold, although it is anticipated that the Secondary Offering will be completed within the next 90 days. Coeur may pay to the Agents a cash commission based on the gross proceeds of the Secondary Offering. Avino has agreed to pay all of the Agents' reasonable costs and expenses incidental to the Secondary Offering, in accordance with the provisions of the registration rights agreement between Coeur and Avino dated March 21, 2022.

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