Avino Silver & Gold Mines Ltd. (NYSE-American: ASM;TSX.V: ASM; “Avino” or the “Company”) is pleased to announce it hasreceived conditional approval from the Toronto Stock Exchange (the “TSX”) tograduate from the TSX Venture Exchange (“TSX-V”) and list its common shares(“Shares”) and its warrants (“Warrants”) on the TSX. Each whole Warrant isexercisable to purchase one (1) additional Share at an exercise price ofUS$2.00, subject to adjustment, until November 28, 2019.
Final approval of the listing on the TSX is subject to the Company meetingcertain standard requirements of the TSX on or before February 27, 2018. TheCompany expects that it will be able to satisfy all requirements and will makea further announcement once the TSX issues a bulletin confirming the date onwhich trading on the TSX will commence. Upon completion of the final listingrequirements, the Company’s Shares and Warrants will be delisted from the TSXVenture Exchange and the Shares and Warrants will commence trading on the TSX.
About Avino
Avino’s is a silver and gold producer with a diversified pipeline of gold,silver and base metals properties in Mexico and Canada employing approximately500 people. Avino produces from its wholly owned Avino and San Gonzalo Minesnear Durango, Mexico, and is currently ramping up for future production at theBralorne Gold Mine in British Columbia, Canada. The Company’s gold and silverproduction remains unhedged. The Company’s mission and strategy is to createshareholder value through its focus on profitable organic growth at thehistoric Avino Property near Durango, Mexico, and the strategic acquisition ofmineral exploration and mining properties. We are committed to managing allbusiness activities in an environmentally responsible and cost-effectivemanner, while contributing to the well-being of the communities in which weoperate.
ON BEHALF OF THE BOARD
“David Wolfin”
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David Wolfin
President & CEO
Avino Silver & Gold Mines Ltd.
Safe Harbor Statement - This news release contains “forward-lookinginformation” and “forward-looking statements” (together, the “forward-lookingstatements”) within the meaning of applicable securities laws and the UnitedStates Private Securities Litigation Reform Act of 1995, including our beliefas to the extent and timing of various studies including the PEA, andexploration results, the potential tonnage, grades and content of deposits, andtiming, establishment, and extent of resource estimates. These forward-lookingstatements are made as of the date of this news release and the dates oftechnical reports, as applicable. Readers are cautioned not to place unduereliance on forward-looking statements, as there can be no assurance that thefuture circumstances, outcomes or results anticipated in or implied by suchforward-looking statements will occur or that plans, intentions or expectationsupon which the forward-looking statements are based will occur. While we havebased these forward-looking statements on our expectations about future eventsas at the date that such statements were prepared, the statements are not aguarantee that such future events will occur and are subject to risks,uncertainties, assumptions and other factors which could cause events oroutcomes to differ materially from those expressed or implied by suchforward-looking statements.
Such factors and assumptions include, among others, the effects of generaleconomic conditions, the price of gold, silver and copper, changing foreignexchange rates and actions by government authorities, uncertainties associatedwith legal proceedings and negotiations and misjudgments in the course ofpreparing forward-looking information. In addition, there are known and unknownrisk factors which could cause our actual results, performance or achievementsto differ materially from any future results, performance or achievementsexpressed or implied by the forward-looking statements. Known risk factorsinclude risks associated with project development; the need for additionalfinancing; operational risks associated with mining and mineral processing;fluctuations in metal prices; title matters; uncertainties and risks related tocarrying on business in foreign countries; environmental liability claims andinsurance; reliance on key personnel; the potential for conflicts of interestamong certain of our officers, directors or promoters with certain otherprojects; the absence of dividends; currency fluctuations; competition;dilution; the volatility of our common share price and volume; tax consequencesto U.S. investors; and other risks and uncertainties. Although we haveattempted to identify important factors that could cause actual actions, eventsor results to differ materially from those described in forward-lookingstatements, there may be other factors that cause actions, events or resultsnot to be as anticipated, estimated or intended. There can be no assurance thatforward-looking statements will prove to be accurate, as actual results and futureevents could differ materially from those anticipated in such statements.Accordingly, readers should not place undue reliance on forward-lookingstatements. We are under no obligation to update or alter any forward-lookingstatements except as required under applicable securities laws.
Cautionary Note to United States Investors - The information contained hereinand incorporated by reference herein has been prepared in accordance with therequirements of Canadian securities laws, which differ from the requirements ofUnited States securities laws. In particular, the term “resource” does notequate to the term “reserve”. The Securities Exchange Commission’s (the “SEC”)disclosure standards normally do not permit the inclusion of informationconcerning “measured mineral resources”, “indicated mineral resources” or“inferred mineral resources” or other descriptions of the amount ofmineralization in mineral deposits that do not constitute “reserves” by SECstandards, unless such information is required to be disclosed by the law ofthe Company’s jurisdiction of incorporation or of a jurisdiction in which itssecurities are traded. U.S. investors should also understand that “inferredmineral resources” have a great amount of uncertainty as to their existence andgreat 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 notconstitute “reserves” by SEC standards as in place tonnage and grade withoutreference to unit measures.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as thatterm is defined in the policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this release.