Resources

Following is a summary of current resources at the San Gonzalo and Avino Mines, as well as the updated oxide tailings resource, grouped into the measured, indicated and inferred categories. The effective date of the resource estimates is August 31, 2016.

The resource estimates were prepared by Michael O’Brien P.Geo., Pr.Sci.Nat., who is a “Qualified Person” within the meaning of National Instrument 43-101 and who is an employee of QG Australia Pty Ltd (an ARANZ Geo Company) and independent of Avino, as defined by Section 1.5 of NI 43-101.

Measured & Indicated Mineral Resources

Grade

Metal Contents

Resource Category

Deposit

Cut-off
*AgEQ g/t

Metric
Tonnes

AgEQ g/t

Ag g/t

Au g/t

Cu %

Ag Million
Tr Oz

Au Thousand
Tr Oz

Cu T

Measured

Avino System

55

950,000

143

74

0.33

0.69

2.3

10

6,550

Measured

San Gonzalo

System

125

170,000

357

272

1.5

0

1.5

8.2

0

Total

Measured

All Deposits

 

1,120,000

176

105

0.51

0.58

3.8

18.2

6,550

Indicated

Avino System

55

500,000

129

68

0.36

0.56

1.1

5.7

2,800

Indicated

San Gonzalo

System

125

320,000

310

237

1.3

0

2.4

13.3

0

Indicated

Oxide Tailings

50

1,330,000

124

98

0.46

0

4.2

19.8

0

Total Indicated

All Deposits

 

2,150,000

152

111

0.56

0.13

7.7

38.8

2,800

Total Measured & Indicated

All Deposits

 

3,270,000

160

109

0.54

0.29

11.5

57

9,350

 

 

Inferred Mineral Resources

Grade

Metal Contents

Resource

Category

Deposit

Cut-off
*AgEQ g/t

Metric
Tonnes

AgEQ g/t

Ag g/t

Au g/t

Cu %

Ag Million
Tr Oz

Au Thousand
Tr Oz

Cu T

Inferred

Avino System

55

5,790,000

155

81

0.57

0.58

15.1

105.8

33,550

Inferred

San Gonzalo

System

125

540,000

403

314

1.58

0

5.5

27.5

0

Inferred

Oxide Tailings

50

1,810,000

113

88

0.44

0

5.1

25.6

0

Total Inferred

All Deposits

 

8,140,000

162

98

0.61

0.41

25.6

158.9

33,550

Mineral resources which are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, or other relevant issues. The quantity and grade of reported Inferred resources in this estimation are uncertain in nature and there has been insufficient exploration to define these Inferred resources as an Indicated or Measured mineral resource and it is uncertain if further exploration will result in upgrading them to the Indicated or Measured mineral resource category.

Figures in the table may not add to the totals shown due to rounding.

The mineral resource estimate is classified in accordance with the Canadian Institute of Mining, Metallurgy and Petroleum’s “CIM Definition Standards - For Mineral Resources and Mineral Reserves” incorporated by reference into National Instrument 43-101 “Standards of Disclosure for Mineral Projects”.

Mineral Resources are reported at cut-off grades 55, 125 and 50 g/t silver equivalent grade for the Avino, San Gonzalo and oxide tailings respectively as indicated in the table.

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