Avino Renews ATM Equity Program

Executive Summary

• Avino Silver & Gold Mines filed a prospectus supplement to increase the maximum amount of its ATM share offering to US $60 million, providing additional financial flexibility.
• The ATM may be used at the Company’s discretion; sales will be made on NYSE American or other markets and are subject to market pricing.
• Agents will receive up to a 3.0% cash commission on gross proceeds; no obligation exists for Avino to sell any shares.

Key Details

• Prospectus supplement dated November 25, 2025 filed with Canadian securities commissions (all provinces/territories except Québec) and with the U.S. SEC.
• ATM offering is governed by a sales agreement dated June 13, 2023 with Cantor Fitzgerald & Co., H.C. Wainwright & Co. LLC, Roth Capital Partners, LLC, and A.G.P./Alliance Global Partners (the “Agents”).
• Maximum aggregate sales amount increased to US $60 million; the offering remains open until the earlier of:
  1. Gross proceeds reach US $60 million,
  2. Shelf prospectus ceases to be effective, or
  3. Termination of the Sales Agreement.
• Shares will be sold at prevailing market prices on NYSE American or other agreed markets; pricing may vary between purchasers and over time.
• Agents are entitled to a cash commission up to 3.0% of gross proceeds.
• No mandatory sales obligation – Avino may elect not to sell any shares under the ATM.
• Toronto Stock Exchange has conditionally approved listing of any Offered Shares sold under the ATM; Avino will rely on TSX Manual exemption for “Eligible Interlisted Issuer.”

Notable Quotes

“We have increased the aggregate sales amount of the ATM Share Offering to be used strategically from time to time, at the Company's discretion and subject to regulatory requirements,” – David Wolfin, President & CEO.
“The ATM provides Avino with an additional source of financial flexibility if required.”