Avino Silver & Gold Mines Ltd. (ASM: TSX-V, ASM:NYSE-AMERICAN; “Avino” or “the Company”) wishes to announce that uponthe recommendations of its Compensation Committee, it has granted an aggregateof 1,435,000 incentive stock options (the “Stock Options”) under its StockOption Plan, and 80,500 Restricted Share Units (“RSUs”) under the RestrictedShare Unit Plan to its directors, officers, employees and consultants. Both theStock Option Plan and Restricted Share Unit Plan have been previously approvedby shareholders, and no further approval from shareholders is required forthese grants.
The Stock Options are exercisable for up to five years at a price of $1.98 pershare. The RSUs will vest at the rate of one-third annually from the date ofgrant, until fully vested.
The Stock Options and the RSUs are not transferable and will be subject to afour-month hold period from the date of grant and any applicable regulatoryacceptance. Out of the total number of RSU’s granted, 1,875 RSU’s were grantedto persons performing investor relations activities for the Company.
About Avino
Avino is a silver and gold producer with a diversified pipeline of gold, silverand base metals properties in Mexico and Canada employing approximately 500people. Avino produces from its wholly owned Avino and San Gonzalo Mines nearDurango, Mexico, and is currently planning 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-effective manner,while contributing to the well-being of the communities in which we operate.
ON BEHALF OF THE BOARD
“David Wolfin”
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David Wolfin
President & CEO
Avino Silver & Gold Mines Ltd.
Neither the TSX Venture Exchange nor its Regulation Services Provider (asthat term is defined in the policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this release.