NYSE-MKT: ASMTSX-V: ASMFSE: GV6VANCOUVER, Nov. 28, 2016 /PRNewswire/ - Avino Silver & Gold Mines Ltd. (ASM: TSX.V, ASM: NYSE-MKT: ASM; "Avino" or the "Company") further to the Company's press release dated November 21, 2016, the Company is pleased to announce that it has closed the bought deal financing with Cantor Fitzgerald Canada Corporation, as sole bookrunner, and Rodman & Renshaw, a unit of H.C. Wainwright & Co., LLC, as lead manager, Euro Pacific Capital, Inc., Roth Capital Partners, LLC, Echelon Wealth Partners Inc. and Haywood Securities Inc., as co-managers (collectively, the " Underwriters"), for the issuance of 7,124,430 units of the Company (the " Units") at the price of US$1.57 per Unit (the " Issue Price") for aggregate gross proceeds of US$11,185,355.10 (the " Offering") in Canada and the United States of America. Each Unit consisted of one (1) common share of the Company (the " Common Shares") and one-half (1/2) of one common share purchase warrant (the " Warrants"). Each whole Warrant is exercisable to purchase one (1) additional Common Share at an exercise price of US$2.00, subject to adjustment, until November 28, 2019. The Underwriters have exercised their over-allotment option in part to purchase 754,430 Units at the Issue Price per Unit (which is included in the gross proceeds above). The Company intends to use the net proceeds of the Offering to advance the exploration and development of the Company's Avino Mine, exploration and development activities on the Bralorne Mine property in British Columbia, both of which are expected to receive major upgrades in 2017, and for general working capital. The Company believes that this capital raise strengthens the Company's balance sheet and is integral to the Avino strategy for growth. The Offering was made by way of prospectus supplements dated November 21, 2016 to the Company's existing Canadian short form base shelf prospectus (the " Base Shelf Prospectus") dated November 10, 2016, and U.S. registration statement on Form F-10 dated November 18, 2016 (the " Registration Statement"). The prospectus supplements relating to the Offering (together with the Base Shelf Prospectus and the Registration Statement, the " Offering Documents") were filed with the securities commissions in all of the Provinces of Canada, except Quebec, and with the United States Securities and Exchange Commission (the " SEC"). The Offering Documents contain important detailed information about the securities offered, and copies of the Underwriting Agreement and the Offering Documents are available for free by visiting the Company's profiles on the SEDAR website maintained by the Canadian Securities Administrators at www.sedar.com or the SEC's website at www.sec.gov, as applicable. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities, nor will there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.