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Avino Silver & Gold to Raise $10 Million Privately.


VANCOUVER, British Columbia -- Avino Silver & Gold Mines Ltd. (the "Company") (TSX TSX Toronto Stock Exchange (TSE before April, 2002)
TSX Transfer from Stack Pointer to Index
TSX True Space Extension
 VENTURE:ASM (1) (Association for Systems Management) An international membership organization based in Cleveland, Ohio. Founded in 1947 and disbanded in 1996, it sponsored conferences in all phases of administrative systems and management. )(OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:ASGMF)(BERLIN:GV6)(FWB:GV6) has arranged a non-brokered private placement of up to 5,000,000 units at a price of $2.00 per unit, each unit consisting of one common share and one half non-transferable share purchase warrant. Each whole warrant will entitle the investor to purchase one additional share at an exercise price of $2.50 for two years from the date of closing.

The Company will pay finder fees in connection with this financing in accordance with TSX Venture Exchange TSX Venture Exchange

Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors.
 policy.

The net proceeds of the offering will be used for general working capital requirements.

The above transactions will be subject to regulatory approval.

On Behalf of the Board

David Wolfin, President

The TSX Venture Exchange has not reviewed and does not accept the responsibility for the accuracy or adequacy of this release.

Avino Silver & Gold Mines Ltd. (TSX VENTURE:ASM) (OTC Bulletin Board OTC Bulletin Board

An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system.
:ASGMF) (BERLIN:GV6) (FRANKFURT:GV6)
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Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jan 25, 2006
Words:167
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