Avino Silver & Gold Mines Ltd.
TSX VENTURE : ASM
OTC Bulletin Board : ASGMF
BERLIN : GV6
FRANKFURT : GV6

Avino Silver & Gold Mines Ltd.

January 17, 2008 08:00 ET

Drilling Results on ET Zone at Avino's Durango Mexico Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 17, 2008) - Diamond core drilling resumed at Avino Silver & Gold Mines Ltd.'s (TSX VENTURE:ASM)(OTCBB:ASGMF)(BERLIN:GV6)(FRANKFURT:GV6) Durango property on Monday, January 7, 2008. There are currently two diamond core drill rigs from Tecmin Servicios, S.A. de C.V., one exploring the ET zone (Hole ET-08-01) the other on various exploration targets. These locations can be viewed on our website at www.avino.com.

Results of holes SG-07-32 through 40 on the San Gonzalo zone have been released in a separate news release. Avino is now pleased to release results of the first 10 holes on the ET zone of the main Avino vein from which the Company mined gold, silver and copper ore from 1975 through 2001.

The hole locations can be viewed on our website both in plan and longitudinal section. The intersections shown are down the hole lengths. In each case the initial figure is the total intersection through the Avino vein. Also shown are significant intersections within the Avino vein. The complete intersection results for each hole are too numerous to be shown in this news release but can be viewed on our website.

ET-07-01 (Bearing 001 - Dip 69 - Length 298.6m)

Total Avino vein intersection: 216.35 - 293.65m (77.3m)

Significant intersection: 284.90 - 290.0m (5.1m), 0.055 g/t gold, 114 g/t silver (0.002oz/t gold, 3.32oz/ton silver), 8385 ppm copper.

Detailed intersections:



---------------------------------------------------------------------------
Met- Au Au Ag Ag Cu
From To res Description g/t oz/t g/t oz/t ppm
---------------------------------------------------------------------------
284.90 285.85 0.95 Avino vein. Silicified 0.068 0.002 201.7 5.88 3149
quartz with diss cpy-py-
specularite
---------------------------------------------------------------------------
285.85 286.80 0.95 Avino vein. Silicified 0.025 0.001 35.4 1.03 969
quartz with diss cpy-py-
specularite
---------------------------------------------------------------------------
286.80 287.00 0.20 Avino vein. Silicified 0.226 0.007 808.8 23.59 100200
quartz with diss cpy-py-
specularite
---------------------------------------------------------------------------
287.00 288.50 1.50 Avino vein. Silicified 0.045 0.001 27.3 0.80 2540
quartz with diss cpy-py-
specularite
---------------------------------------------------------------------------
288.50 290.00 1.50 Avino vein. Silicified 0.052 0.002 101.6 2.96 10000
quartz with diss cpy-py-
specularite
---------------------------------------------------------------------------


ET-07-02 (Bearing 358 - Dip 75 - Length 311.9m)

Intersected Avino vein: 243.45 - 300.7m (57.25m)

No significant assays.

ET-07-03 (Bearing 336 - Dip 71 - Length 349.5m)

Intersected Avino vein: 280.75 - 331.75m (51.0m)

Significant intersections:



---------------------------------------------------------------------------
Met- Au Au Ag Ag Cu
From To res Description g/t oz/t g/t oz/t ppm
---------------------------------------------------------------------------
280.75 282.25 1.50 Avino vein. Oxidized 7.680 0.224 121.9 3.56 6048
material
---------------------------------------------------------------------------
282.25 283.75 1.50 Avino vein. Oxidized 6.034 0.176 196.3 5.73 5034
material
---------------------------------------------------------------------------
283.75 285.25 1.50 Avino vein. Oxidized 1.692 0.049 69.9 2.04 10400
material
---------------------------------------------------------------------------
285.25 286.75 1.50 Avino vein. Oxidized 13.988 0.408 295.3 8.61 19600
material
---------------------------------------------------------------------------
286.75 288.25 1.50 Avino vein. Oxidized 4.731 0.138 104.7 3.05 16100
material
---------------------------------------------------------------------------
288.25 289.75 1.50 Avino vein. Oxidized 2.158 0.063 103.7 3.02 3948
material
---------------------------------------------------------------------------
289.75 291.25 1.50 Avino vein. Oxidized 0.158 0.005 31.5 0.92 3789
material
---------------------------------------------------------------------------
291.25 292.75 1.50 Avino vein. Oxidized 2.411 0.070 60.0 1.75 2683
material
---------------------------------------------------------------------------
292.75 294.25 1.50 Avino vein. Oxidized 2.733 0.080 27.5 0.80 2793
material
---------------------------------------------------------------------------
294.25 295.75 1.50 Avino vein. Oxidized 0.548 0.016 89.6 2.61 7268
material
---------------------------------------------------------------------------
295.75 297.25 1.50 Avino vein. Silicified 3.086 0.090 161.8 4.72 5934
quartz with diss cpy-py-
specularite.
---------------------------------------------------------------------------
297.25 298.75 1.50 Avino vein. Silicified 7.954 0.232 75.7 2.21 1476
quartz with diss cpy-py-
specularite.
---------------------------------------------------------------------------
298.75 300.25 1.50 Avino vein. Silicified 2.265 0.066 97.0 2.83 10500
quartz with diss cpy-py-
specularite.
---------------------------------------------------------------------------
300.25 301.75 1.50 Avino vein. Silicified 1.057 0.031 60.4 1.76 1486
quartz with diss cpy-py-
specularite.
---------------------------------------------------------------------------
301.75 303.25 1.50 Avino vein. Silicified 1.911 0.056 42.0 1.22 3258
quartz with diss cpy-py-
specularite.
---------------------------------------------------------------------------


ET-07-04 (Bearing 331 - Dip 56 - Length 318.7m)

Intersected Avino vein: 271.45 - 304.45m (33.0m)

Significant intersections:



---------------------------------------------------------------------------
Met- Au Au Ag Ag Cu
From To res Description g/t oz/t g/t oz/t ppm
---------------------------------------------------------------------------
271.45 272.95 1.50 Avino vein. Wh qtz 0.155 0.005 44.1 1.29 3618
veining w/ fine grain
diss cpy-py
---------------------------------------------------------------------------
272.95 274.45 1.50 Avino vein. Wh qtz 0.397 0.012 106.1 3.09 2842
veining w/ fine grain
diss cpy-py
---------------------------------------------------------------------------
274.45 275.95 1.50 Avino vein. Wh qtz 1.080 0.031 76.1 2.22 3862
veining w/ fine grain
diss cpy-py
---------------------------------------------------------------------------
275.95 277.45 1.50 Avino vein. Wh qtz 1.314 0.038 126.9 3.70 4010
veining w/ fine grain
diss cpy-py
---------------------------------------------------------------------------
277.45 278.95 1.50 Avino vein. Wh qtz 0.874 0.025 53.0 1.55 381
veining w/ fine grain
diss cpy-py
---------------------------------------------------------------------------
278.95 280.45 1.50 Avino vein. Wh qtz 0.534 0.016 61.4 1.79 675
veining w/ fine grain
diss cpy-py
---------------------------------------------------------------------------
280.45 281.95 1.50 Avino vein. Wh qtz 0.436 0.013 97.3 2.84 2649
veining w/ fine grain
diss cpy-py
---------------------------------------------------------------------------
287.95 289.45 1.50 Avino vein. Wh qtz 0.250 0.007 63.5 1.85 7555
veining w/ fine grain
diss cpy-py
---------------------------------------------------------------------------
289.45 290.95 1.50 Avino vein. Wh qtz 0.101 0.003 31.4 0.92 5156
veining w/ fine grain
diss cpy-py
---------------------------------------------------------------------------
290.95 292.45 1.50 Avino vein. Wh qtz 1.115 0.033 138.6 4.04 3558
veining w/ fine grain
diss cpy-py
---------------------------------------------------------------------------
292.45 293.95 1.50 Avino vein. Wh qtz 0.151 0.004 86.3 2.52 4162
veining w/ fine grain
diss cpy-py
---------------------------------------------------------------------------
293.95 295.45 1.50 Avino vein. Wh qtz 0.161 0.005 34.9 1.02 3521
veining w/ fine grain
diss cpy-py
---------------------------------------------------------------------------
295.45 296.95 1.50 Avino vein. Wh qtz 0.568 0.017 41.6 1.21 5047
veining w/ fine grain
diss cpy-py
---------------------------------------------------------------------------
296.95 298.45 1.50 Avino vein. Wh qtz 0.115 0.003 29.1 0.85 10000
veining w/ fine grain
diss cpy-py
---------------------------------------------------------------------------
298.45 300.10 1.65 Avino vein. Wh qtz 0.080 0.002 29.8 0.87 8408
veining w/ fine grain
diss cpy-py
---------------------------------------------------------------------------


ET-07-05 (Bearing 333 - Dip 66 - Length 351.5m)

Intersected Avino vein: 292.75 - 342.45m (49.7m)

Significant intersections:



---------------------------------------------------------------------------
Met- Au Au Ag Ag Cu
From To res Description g/t oz/t g/t oz/t ppm
---------------------------------------------------------------------------
301.95 303.45 1.50 Avino vein. Wh qtz 1.152 0.034 83.0 2.42 1971
stkwk-veining w/diss
f.g. cpy+py+spec
---------------------------------------------------------------------------
303.45 304.95 1.50 Avino vein. Wh qtz 1.483 0.043 26.7 0.78 683
stkwk-veining w/diss
f.g. cpy+py+spec
---------------------------------------------------------------------------
304.95 306.45 1.50 Avino vein. Wh qtz 2.119 0.062 36.9 1.08 2030
stkwk-veining w/diss
f.g. cpy+py+spec
---------------------------------------------------------------------------
312.45 312.95 0.50 Avino vein. Wh qtz 1.752 0.051 10.7 0.31 533
stkwk-veining w/diss
f.g. cpy+py+spec
---------------------------------------------------------------------------
312.95 315.45 2.50 Avino vein. Wh qtz 1.015 0.030 119.7 3.49 1268
stkwk-veining w/diss
f.g. cpy+py+spec
---------------------------------------------------------------------------
315.45 316.95 1.50 Avino vein. Wh qtz 0.195 0.006 204.2 5.96 8565
stkwk-veining w/diss
f.g. cpy+py+spec
---------------------------------------------------------------------------
316.95 318.45 1.50 Avino vein. Wh qtz 0.075 0.002 123.6 3.60 2212
stkwk-veining w/diss
f.g. cpy+py+spec
---------------------------------------------------------------------------
319.95 321.45 1.50 Avino vein. Wh qtzv 0.155 0.005 86.2 2.51 20300
stkwk-veining w/diss
f.g. cpy+py+spec
---------------------------------------------------------------------------
321.45 322.95 1.50 Avino vein. Wh qtz 0.120 0.003 30.4 0.89 13000
stkwk-veining w/diss
f.g. cpy+py+spec
---------------------------------------------------------------------------
322.95 324.45 1.50 Avino vein. Wh qtz 0.115 0.003 45.2 1.32 15400
stkwk-veining w/diss
f.g. cpy+py+spec
---------------------------------------------------------------------------
324.45 325.95 1.50 Avino vein. Wh qtz 0.075 0.002 40.2 1.17 18400
stkwk-veining w/diss
f.g. cpy+py+spec
---------------------------------------------------------------------------
325.95 327.45 1.50 Avino vein. Wh qtz 0.070 0.002 27.5 0.80 10200
stkwk-veining w/diss
f.g. cpy+py+spec
---------------------------------------------------------------------------
327.45 328.95 1.50 Avino vein. Wh qtz 0.050 0.001 48.1 1.40 17500
stkwk-veining w/diss
f.g. cpy+py+spec
---------------------------------------------------------------------------
328.95 330.45 1.50 Avino vein. Wh qtz 0.053 0.002 38.2 1.11 16700
stkwk-veining w/diss
f.g. cpy+py+spec
---------------------------------------------------------------------------
330.45 331.95 1.50 Avino vein. Wh qtz 0.095 0.003 61.9 1.81 20200
stkwk-veining w/diss
f.g. cpy+py+spec
---------------------------------------------------------------------------
331.95 333.45 1.50 Avino vein. Wh qtz 0.144 0.004 75.2 2.19 18900
stkwk-veining w/diss
f.g. cpy+py+spec
---------------------------------------------------------------------------
333.45 334.95 1.50 Avino vein. Wh qtz 0.130 0.004 45.7 1.33 15800
stkwk-veining w/diss
f.g. cpy+py+spec
---------------------------------------------------------------------------
337.95 339.45 1.50 Avino vein. Wh qtz 0.328 0.010 69.0 2.01 12200
stkwk-veining w/diss
f.g. cpy+py+spec
---------------------------------------------------------------------------
339.45 340.95 1.50 Avino vein. Wh qtz 0.236 0.007 41.0 1.20 12200
stkwk-veining w/diss
f.g. cpy+py+spec
---------------------------------------------------------------------------


ET-07-06 (Bearing 336 - Dip 55 - Length 320.05m)

Intersected Avino vein: 289.00 - 309.6m (19.6m)

Significant intersections:



---------------------------------------------------------------------------
Met- Au Au Ag Ag Cu
From To res Description g/t oz/t g/t oz/t ppm
---------------------------------------------------------------------------
289.00 290.50 1.50 Avino vein. Wh qtz 0.950 0.028 228.9 6.68 23200
stockwork veining
textures w'diss py-cpy
---------------------------------------------------------------------------
298.00 299.50 1.50 Avino vein. Wh qtz 0.165 0.005 72.3 2.11 14800
stockwork veining
textures w'diss py-cpy
---------------------------------------------------------------------------
299.50 301.00 1.50 Avino vein. Wh qtz 0.485 0.014 54.6 1.59 8401
stockwork veining
textures w'diss py-cpy
---------------------------------------------------------------------------
301.00 302.50 1.50 Avino vein. Wh qtz 0.090 0.003 40.8 1.19 11500
stockwork veining
textures w'diss py-cpy
---------------------------------------------------------------------------
302.50 304.00 1.50 Avino vein. Wh qtz 0.147 0.004 55.6 1.62 14400
stockwork veining
textures w'diss py-cpy
---------------------------------------------------------------------------
304.00 305.50 1.50 Avino vein. Wh qtz 0.093 0.003 55.8 1.63 8321
stockwork veining
textures w'diss py-cpy
---------------------------------------------------------------------------
305.50 307.00 1.50 Avino vein. Wh qtz 1.590 0.046 90.4 2.64 15100
stockwork veining
textures w'diss py-cpy
---------------------------------------------------------------------------
307.00 308.60 1.60 Avino vein. Wh qtz 0.150 0.004 73.8 2.15 8729
stockwork veining
textures w'diss py-cpy
---------------------------------------------------------------------------
308.60 310.10 1.50 Intrusive rock. Wh qtz 0.040 0.001 54.6 1.59 5962
veining w/cpy
---------------------------------------------------------------------------
310.10 311.60 1.50 Intrusive rock. Wh qtz 0.075 0.002 98.0 2.86 6217
veining w/cpy
---------------------------------------------------------------------------
311.60 313.10 1.50 Intrusive rock. Wh qtz 0.075 0.002 81.9 2.39 10800
veining w/cpy
---------------------------------------------------------------------------
313.10 314.60 1.50 Intrusive rock. Wh qtz 0.040 0.001 97.9 2.86 7765
veining w/cpy
---------------------------------------------------------------------------


ET-07-07 (Bearing 330 - Dip 59 - Length 304.85m)

Intersected Avino vein: 272.30 - 295.15m (22.85m), 0.11 g/t gold, 115 g/t silver (0.003 oz/t gold 3.35 oz/t silver), 13810 ppm copper

Significant intersections:



---------------------------------------------------------------------------
Met- Au Au Ag Ag Cu
From To res Description g/t oz/t g/t oz/t ppm
---------------------------------------------------------------------------
272.30 273.80 1.50 Avino vein. Wh qtz 0.615 0.018 80.6 2.35 2199
veining w/moderate diss
cpy and strong py.
---------------------------------------------------------------------------
273.80 275.30 1.50 Avino vein. Wh qtz 0.148 0.004 160.9 4.69 20500
veining w/moderate diss
cpy and strong py.
---------------------------------------------------------------------------
275.30 276.80 1.50 Avino vein. Wh qtz 0.118 0.003 203.5 5.94 19700
veining w/moderate diss
cpy and strong py.
---------------------------------------------------------------------------
276.80 278.30 1.50 Avino vein. Wh qtz 0.280 0.008 172.8 5.04 17800
veining w/moderate diss
cpy and strong py.
---------------------------------------------------------------------------
278.30 279.80 1.50 Avino vein. Wh qtz 0.368 0.011 441.4 12.87 24600
veining w/moderate diss
cpy and strong py.
---------------------------------------------------------------------------
279.80 281.30 1.50 Avino vein. Wh qtz 0.220 0.006 327.0 9.54 12600
veining w/moderate diss
cpy and strong py.
---------------------------------------------------------------------------
281.30 282.80 1.50 Avino vein. Wh qtz 0.081 0.002 110.8 3.23 3002
veining w/moderate diss
cpy and strong py.
---------------------------------------------------------------------------
282.80 284.30 1.50 Avino vein. Wh qtz 0.065 0.002 184.6 5.38 3317
veining w/moderate diss
cpy and strong py.
---------------------------------------------------------------------------
284.30 285.80 1.50 Avino vein. Wh qtz 0.070 0.002 89.2 2.60 8786
veining w/moderate diss
cpy and strong py.
---------------------------------------------------------------------------
285.80 287.30 1.50 Avino vein. Wh qtz 0.070 0.002 209.3 6.10 54400
veining w/moderate diss
cpy and strong py.
---------------------------------------------------------------------------
287.30 288.80 1.50 Avino vein. Wh qtz 0.035 0.001 32.8 0.96 13200
veining w/moderate diss
cpy and strong py.
---------------------------------------------------------------------------
288.80 290.30 1.50 Avino vein. Wh qtz 0.047 0.001 76.1 2.22 29300
veining w/moderate diss
cpy and strong py.
---------------------------------------------------------------------------
290.30 291.80 1.50 Avino vein. Wh qtz 0.126 0.004 339.7 9.91 44300
veining w/moderate diss
cpy and strong py.
---------------------------------------------------------------------------
291.80 293.30 1.50 Avino vein. Wh qtz 0.060 0.002 20.8 0.61 6361
veining w/moderate diss
cpy and strong py.
---------------------------------------------------------------------------
293.30 295.15 1.85 Avino vein. Wh qtz 0.202 0.006 166.9 4.87 55500
veining w/moderate diss
cpy and strong py.
---------------------------------------------------------------------------


ET-07-08 (Bearing 346 - Dip 69 - Length 399.7m)

Intersected Avino vein: 346.65 - 366.7m (20.05m)

Significant intersections:



---------------------------------------------------------------------------
Met- Au Au Ag Ag Cu
From To res Description g/t oz/t g/t oz/t ppm
---------------------------------------------------------------------------
355.85 357.35 1.50 Avino vein. Moderate diss 0.111 0.003 257.5 7.51 6959
cpy-py
---------------------------------------------------------------------------
357.35 359.15 1.80 Avino vein. Moderate diss 0.125 0.004 170.0 4.96 9341
cpy-py
---------------------------------------------------------------------------


ET-07-09 (Bearing 336 - Dip 62 - Length 328.6m)

Intersected Avino vein: 272.80 - 319.10m (46.3m)

Significant intersections:



---------------------------------------------------------------------------
Met- Au Au Ag Ag Cu
From To res Description g/t oz/t g/t oz/t ppm
---------------------------------------------------------------------------
290.80 292.30 1.50 Avino vein with massive 0.040 0.001 101.9 2.97 12100
chalcopyrite
---------------------------------------------------------------------------
292.30 293.80 1.50 Avino vein with massive 0.160 0.005 23.7 0.69 11500
chalcopyrite
---------------------------------------------------------------------------
295.30 296.80 1.50 Avino vein with massive 0.146 0.004 32.3 0.94 11200
chalcopyrite
---------------------------------------------------------------------------
299.80 301.30 1.50 Avino vein with massive 0.070 0.002 51.2 1.49 6327
chalcopyrite
---------------------------------------------------------------------------
301.30 302.80 1.50 Avino vein with massive 0.360 0.010 40.4 1.18 14600
chalcopyrite
---------------------------------------------------------------------------
302.80 304.30 1.50 Avino vein with massive 0.015 0.000 18.1 0.53 8029
chalcopyrite
---------------------------------------------------------------------------
304.30 305.80 1.50 Avino vein with massive 0.020 0.001 28.2 0.82 8475
chalcopyrite
---------------------------------------------------------------------------


ET-07-10 (Bearing 336 - Dip 63 - Length 308.7m)

Intersected Avino vein: 243.80 - 299.10m (55.3m)

Significant intersections:



---------------------------------------------------------------------------
Met- Au Au Ag Ag Cu
From To res Description g/t oz/t g/t oz/t ppm
---------------------------------------------------------------------------
257.30 258.80 1.50 Avino quartz vein with 0.160 0.005 85.3 2.49 15700
sulphides
---------------------------------------------------------------------------
258.80 260.30 1.50 Avino quartz vein with 0.080 0.002 86.6 2.53 23400
sulphides
---------------------------------------------------------------------------
260.30 261.80 1.50 Avino quartz vein with 0.125 0.004 27.7 0.81 14100
sulphides
---------------------------------------------------------------------------
261.80 263.30 1.50 Avino quartz vein with 0.101 0.003 21.8 0.64 15400
sulphides
---------------------------------------------------------------------------
263.30 264.80 1.50 Avino quartz vein with 0.098 0.003 20.3 0.59 13500
sulphides
---------------------------------------------------------------------------
266.30 267.80 1.50 Avino quartz vein with 0.574 0.017 43.4 1.27 6613
sulphides
---------------------------------------------------------------------------
267.80 269.30 1.50 Avino quartz vein with 0.457 0.013 39.8 1.16 4211
sulphides
---------------------------------------------------------------------------
269.30 270.80 1.50 Avino quartz vein with 0.089 0.003 19.3 0.56 15200
sulphides
---------------------------------------------------------------------------
282.80 284.30 1.50 Avino quartz vein with 0.020 0.001 9.3 0.27 16000
sulphides
---------------------------------------------------------------------------
284.30 285.80 1.50 Avino quartz vein with 0.010 0.000 10.2 0.30 19300
sulphides
---------------------------------------------------------------------------
285.80 287.30 1.50 Avino quartz vein with 0.035 0.001 27.0 0.79 31600
sulphides
---------------------------------------------------------------------------
287.30 288.80 1.50 Avino quartz vein with 0.070 0.002 37.4 1.09 21500
sulphides
---------------------------------------------------------------------------
288.80 290.30 1.50 Avino quartz vein with 0.049 0.001 27.1 0.79 34200
sulphides
---------------------------------------------------------------------------
290.30 291.80 1.50 Avino quartz vein with 0.065 0.002 51.3 1.50 72600
sulphides
---------------------------------------------------------------------------
291.80 293.30 1.50 Avino quartz vein with 0.020 0.001 14.8 0.43 33300
sulphides
---------------------------------------------------------------------------
293.30 294.80 1.50 Avino quartz vein with 0.335 0.010 28.8 0.84 15000
sulphides
---------------------------------------------------------------------------
294.80 295.80 1.00 Avino quartz vein with 0.035 0.001 23.2 0.68 17200
sulphides
---------------------------------------------------------------------------
295.80 297.30 1.50 Avino quartz vein with 1.310 0.038 37.9 1.11 16100
sulphides
---------------------------------------------------------------------------
297.30 299.10 1.80 Avino quartz vein with 0.510 0.015 51.5 1.50 7570
sulphides
---------------------------------------------------------------------------


Sample lengths of NQ drill core were diamond sawed into halves by mine staff and shipped to Inspectorate Labs in Durango, Mexico for preparation into pulps and rejects. Pulps were analyzed at Inspectorate Labs in Sparks, Nevada. Gold and silver were analyzed by fire assay using Aqua Regia Leach and AA finish. Other elements are reported from a 29 element I.C.P. package.

This report was prepared by Chris J. Sampson, P. Eng., a qualified person under NI 43-101.

Founded in 1968, Avino has established a long record of mining and exploration. The Company's focus is the acquisition and aggressive exploration of top silver prospects throughout North America. Avino remains well funded.

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.

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