Heiko Ihle

Joseph Reagor

Jacob Sekelsky

Matthew O'Keefe

Chen Lin

Jake Sekelsky

John Tumazos

- Avino Silver & Gold Mines Ltd. has acquired **100% ownership** of its La Preciosa project by purchasing and extinguishing all outstanding royalties and contingent payment obligations from Deterra Royalties Limited.  **[316888_0001477932-25-006201_avino_ex991.htm:0]** 
- The acquisition involved an **immediate cash payment of $13.25 million** and an additional **$8.75 million cash payment deferred for one year**.  **[316888_0001477932-25-006201_avino_ex991.htm:0]** **[316888_0001477932-25-006201_avino_ex991.htm:1]** 
- The upfront payment was funded from Avino's existing cash on hand, which was approximately **$48 million** immediately prior to the acquisition.  **[316888_0001477932-25-006201_avino_ex991.htm:1]** 
- This transaction is expected to **lower La Preciosa's operating cost profile** and enhance project economics, with first production targeted for **late 2025**.  **[316888_0001477932-25-006201_avino_ex991.htm:0]** **[316888_0001477932-25-006201_avino_ex991.htm:1]**

AVINO SILVER & GOLD MINES (ASM)