Continued Drilling At La Preciosa Delivers High-Grade Intercepts

VANCOUVER, BC / ACCESS Newswire / January 26, 2026 / Avino Silver & Gold Mines Ltd. (TSX:ASM)(NYSE American:ASM)(FSE:GV6)( "Avino" or "the Company") reports results of six drill holes from La Preciosa, completing the Company's 2025 program. Of the six holes, one was twinned with previous drilling while the remaining five were completed as part of an infill drilling program. Assay results for the intercepts of the La Gloria and Abundancia veins are shown in Table 1.

Selected Intercept Highlights:

• Hole PMLP 25-12: 585 g/t Ag and 0.65 g/t Au over 4.90 metres true width

  • including 2,218 g/t Ag and 1.92 g/t Au over 0.51 metres true width

• Hole PMLP 25-14 at Gloria: 694 g/t Ag and 0.63 g/t Au over 4.52 metres true width

  • including 2,275 g/t Ag and 1.28 g/t Au over 0.61 metres true width

The variation of grades and thicknesses within relatively short distances (under 10 metres) compared with previously drilled intercepts were expected due to the "pinch and swell" geometry of the La Preciosa veins and the high nugget effects. The drill results exceeded grade expectations and verified the geometry of the current vein-based resource model.

"We are delighted to report excellent silver grades from all six holes at La Preciosa" said David Wolfin, President and CEO. "The significant widths at La Gloria encountered through the development and highlighted with these drill holes have us reconsidering our selected underground production mining method, which has the potential for larger tonnage per blast and lower mining costs. The silver grade continues to surprise to the upside with significantly higher silver grades compared to the average grade in our current mineral resource. These holes will also be outside of the upcoming mineral resource update and Avino's first La Preciosa mineral reserve due to the data not being received until after the cut of period in 2025. Having said that, we expect to encounter these high grades as we continue with development mining on each face of the vein to the north and south of the main San Fernando ramp."

Drilling Results

Assays have been received for six holes totalling 1,400 metres drilled at La Preciosa, with the full 2025 La Preciosa drill program comprising 14 holes for approximately 3,500 metres drilled. Hole PMLP 25-09 was twinned, while the remaining holes were completed as part of an infill drilling program. All six holes intersected the La Gloria and Abunduncia veins, as well additional unnamed veins in multiple holes. All assays were processed under Avino's standard QA/QC program, with no indications of bias or contamination detected. Copper values are not reported due to the La Preciosa deposit not containing significant copper mineralization.