Avino Silver & Gold Mines Ltd. ("Avino") (TSX VENTURE:ASM)(NYSE
MKT:ASM)(FRANKFURT:GV6) and Bralorne Gold Mines Ltd. ("Bralorne") (TSX
VENTURE:BPM)(OTCQX:BPMSF)(BERLIN:GV7)(FRANKFURT:GV7)(WKN A0B75M) - 


Further to their joint news release dated June 30, 2014, Avino and Bralorne have
executed a binding arrangement agreement (the "Arrangement") whereby Avino will
acquire all of the outstanding common shares of Bralorne which Avino does not
already own by way of a plan of arrangement under the Business Corporations Act
(British Columbia). Upon completion of the Arrangement, it is anticipated that
approximately 2,636,857 common shares of Avino will be issued to former Bralorne
shareholders to acquire Bralorne, which holds an undivided 100% legal and
beneficial interest in the operating Bralorne gold mine in British Columbia.


David Wolfin, President and CEO of Avino commented: "We are very pleased to have
signed the definitive agreements to complete this transaction. The Bralorne gold
mine will be our second production center in North America and the Avino team
looks forward to working with Bralorne team to expand the mine and realize its
full operational and financial potential."


William Kocken, CEO of Bralorne added, "I am a significant Bralorne shareholder
and long-serving Bralorne director and officer and speaking as a Bralorne
shareholder and director and officer, I believe that this transaction represents
an exceptional opportunity for Bralorne shareholders to gain exposure to a
profitable precious metals producer with a track record of accretively financing
the expansion of operating mines. I am very confident that Bralorne shareholders
will benefit not only from the growth and expansion of the Bralorne gold mine,
but also from the growth and expansion of Avino's flagship silver and gold mine.
Avino recently became our largest shareholder and I appreciate their support
through what were very difficult and challenging financial circumstances for
Bralorne."


Summary Terms of the Arrangement

Under the terms of the Arrangement, on the effective date of the Arrangement the
shareholders of Bralorne will receive 0.14 of an Avino common share for each
Bralorne common share held by such shareholder (the "Share Exchange Ratio"), and
all of the issued and unexercised stock options of Bralorne will be cancelled.
Bralorne will as a result become a wholly-owned subsidiary of Avino. Avino
previously held 179,149 common shares of Bralorne and recently purchased
9,500,000 common shares of Bralorne from a third party, and therefore already
owns 9,679,149 common shares of Bralorne, representing approximately 34% of
Bralorne's outstanding common shares. Avino is Bralorne's largest shareholder
and will vote in favour of the Arrangement.


The Share Exchange Ratio represents a 25.2% offer premium to Bralorne
shareholders based on the closing prices of Avino and Bralorne on the TSX
Venture Exchange as of June 27, 2014. No fractional shares of Avino will be
issued, and fractions will be rounded down to the nearest lower whole share.
Based on the 28,513,844 common shares of Bralorne outstanding on the date
hereof, Bralorne shareholders (not including Avino) will receive under the
Arrangement approximately 2,636,857 common shares of Avino (more or less),
representing approximately 8.09% of Avino's outstanding shares on completion of
the Arrangement (based on Avino's 32,611,807 outstanding common shares on the
date hereof).


With the acceptance of the TSX Venture Exchange, and to provide Bralorne with
required working capital pending completion of the Arrangement, Avino has also
agreed to loan to Bralorne up to CAD$1.25 million, consisting of an initial
advance of $500,000 (which has been made), and the balance of $750,000 upon the
delivery of a mutually agreeable budget. All advances will bear interest at 12%
per annum payable on maturity, and will mature thirty days after demand made
after October 31, 2014. The principal amount and any accrued interest has been
secured by a general security interest against all of the assets of Bralorne.


The Arrangement has been reviewed by the independent special committees of both
Avino and Bralorne, and was approved unanimously by the independent directors of
both Bralorne and Avino. The directors and officers of Bralorne have also
entered into voting support agreements with Avino under which they have agreed
to vote their Bralorne shares (if any) and options in favour of the Arrangement
representing approximately 5.31% of the shares and 75% of the options entitled
to vote at the Bralorne annual general and special meeting, currently scheduled
to be held on October 9, 2014.


The special committee and Board of Directors of Bralorne have received a
fairness opinion from Bruce McKnight Minerals Advisor that the Avino share
consideration is fair, from a financial perspective, to the shareholders of
Bralorne. The Board of Directors of Bralorne unanimously recommends to the
shareholders to vote in support of the Arrangement. 


The special committee and Board of Directors of Avino has also received a
fairness opinion from Ross Glanville & Associates that the Avino share
consideration is fair, from a financial perspective, to the shareholders of
Avino. Cantor Fitzgerald Canada Corporation is acting as financial advisor to
Avino in connection with the Arrangement.


The acquisition of Bralorne by Avino is expected to be completed by way of a
court approved plan of arrangement in British Columbia in October 2014.


The Arrangement provides for customary deal protection mechanisms, including
non-solicitation and right to match, in favour of Avino. Pending completion of
the Arrangement, Bralorne will not issue any debt, equity or equity like
securities without the prior written consent of Avino.


Closing Conditions

The closing of the Transaction will be subject to completion of several
conditions, including:




--  There shall have been no change, condition, event or occurrence which
    has or is reasonably likely to have a material adverse effect on
    Bralorne; 
--  The Transaction and plan of arrangement will be subject to approval by
    the shareholders and option holders of Bralorne voting as a single
    class, at an annual general and special meeting of shareholders; and 
--  Receipt of all necessary approvals to the Arrangement, including from
    the TSX Venture Exchange, and the approval of the Supreme Court of
    British Columbia after a hearing upon the fairness of the Arrangement.



No assurance can be given at this time that the proposed Arrangement will be
completed, that the conditions to closing will be satisfied or that the terms of
the Arrangement will not change materially from those described in this news
release.


Bralorne security holders and Avino shareholders and all other interested
parties are advised to read the proxy materials relating to the proposed
Arrangement that will be filed by Bralorne with securities regulatory
authorities in Canada when they become available. Anyone may obtain copies of
these documents when available free of charge at the Canadian Securities
Administrators' website at www.sedar.com, under Bralorne's profile.


This announcement is for informational purposes only and does not constitute an
offer to purchase, a solicitation of an offer to sell the shares or a
solicitation of a proxy.


Bralorne

Bralorne is a Canadian junior mining and exploration company, whose current
project is a 100% interest in the Bralorne Gold Mine, BC. The Bralorne mining
camp has a history of past production of 4 million ounces of gold from three
mines (Bralorne, Pioneer and King) that fed two mills with a combined capacity
of 875 tons per day with gold grades that averaged half an ounce per ton until
1971. Historically, the focus was on mining high grade material delineated by
driving drifts on the veins at successively lower levels in the mines. Minimal
exploration work was conducted beyond the known veins, and the areas between the
historical mines were left undeveloped. Under Bralorne's management, and
supervision of William Kocken, new mill facilities have been developed,
permitted, and are fully operational, and new discoveries have been made within
the gap areas between the old mines, using geochemical surveys followed by
diamond drilling. On November 21, 2012, Bralorne filed on SEDAR a preliminary
economic assessment report on the Bralorne Mine property prepared by Beacon Hill
Consultants (1988) Ltd., which reported as at August 31, 2012 measured and
indicated mineral resources of 170,583 tons grading 0.266 oz gold/ton, and
inferred mineral resources of 272,089 tons grading 0.256 oz gold/ton (mineral
resources are not mineral reserves and do not have demonstrated economic
viability).


In 2011, Bralorne began limited production at 100 tons per day and has sustained
the operation since that time. Despite the limited production, the mine property
is still considered in the exploration and evaluation stage. During fiscal year
2013, Bralorne produced an estimated 3,842 ounces of gold.


For more information, please feel free to visit Bralorne's website at:
www.bralorne.com.


Avino

Founded in 1968, Avino's mission is to create shareholder value through
profitable organic growth at the historic Avino property near Durango, Mexico,
and the strategic acquisition of mineral exploration and mining properties. We
are committed to managing all business activities in an environmentally
responsible and cost-effective manner, while contributing to the well-being of
the communities in which we operate. 


The securities of Avino referred to in this news release have not been, nor will
they be, registered under the United States Securities Act of 1933, as amended
(the "U.S. Securities Act"), and may not be offered or sold within the United
States or to, or for the account or benefit of, U.S. persons absent U.S.
registration or an applicable exemption from the U.S. registration requirements.
Accordingly, to the extent required, it is anticipated that the Transaction will
be effected in reliance upon the exemption from registration provided by section
3(a)(10) of the U.S. Securities Act. This news release does not constitute an
offer of securities, nor a solicitation for offers to buy any securities.




                                                                            
On Behalf of Avino's Board            On Behalf of Bralorne's Board         
                                                                            
"Malcolm Davidson"                    "William Kocken"                      
                                                                            
----------------------------------------------------------------------------
Malcolm Davidson, CA                  William Kocken                        
Chief Financial Officer               Chief Executive Officer               



Safe Harbor Statement - This news release may contain "forward-looking
information" and "forward-looking statements" (together, the "forward looking
statements") within the meaning of applicable securities laws and the United
States Private Securities Litigation Reform Act of 1995, including our belief as
to the extent and timing of various studies and exploration results, the
potential tonnage, grades and content of deposits, timing and establishment and
extent of resources estimates. These forward-looking statements are made as of
the date of this news release and the dates of technical reports, as applicable.
Readers are cautioned not to place undue reliance on forward-looking statements,
as there can be no assurance that the future circumstances, outcomes or results
anticipated in or implied by such forward-looking statements will occur or that
plans, intentions or expectations upon which the forward-looking statements are
based will occur. While we have based these forward-looking statements on our
expectations about future events as at the date that such statements were
prepared, the statements are not a guarantee that such future events will occur
and are subject to risks, uncertainties, assumptions and other factors which
could cause events or outcomes to differ materially from those expressed or
implied by such forward-looking statements.


Such factors and assumptions include, among others, the effects of general
economic conditions, the price of gold, silver and copper, changing foreign
exchange rates and actions by government authorities, uncertainties associated
with legal proceedings and negotiations and misjudgments in the course of
preparing forward-looking information. In addition, there are known and unknown
risk factors which could cause our actual results, performance or achievements
to differ materially from any future results, performance or achievements
expressed or implied by the forward-looking statements. Known risk factors
include risks associated with project development; the need for additional
financing; operational risks associated with mining and mineral processing;
fluctuations in metal prices; title matters; uncertainties and risks related to
carrying on business in foreign countries; environmental liability claims and
insurance; reliance on key personnel; the potential for conflicts of interest
among certain of our officers, directors or promoters of with certain other
projects; the absence of dividends; currency fluctuations; competition;
dilution; the volatility of the our common share price and volume; tax
consequences to U.S. investors; and other risks and uncertainties. Although we
have attempted to identify important factors that could cause actual actions,
events or results to differ materially from those described in forward-looking
statements, there may be other factors that cause actions, events or results not
to be as anticipated, estimated or intended. There can be no assurance that
forward-looking statements will prove to be accurate, as actual results and
future events could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking
statements. We are under no obligation to update or alter any forward-looking
statements except as required under applicable securities laws.


Cautionary Note to United States Investors - The information contained herein
and incorporated by reference herein has been prepared in accordance with the
requirements of Canadian securities laws, which differ from the requirements of
United States securities laws. In particular, the term "resource" does not
equate to the term "reserve". The Securities Exchange Commission's (the "SEC")
disclosure standards normally do not permit the inclusion of information
concerning "measured mineral resources", "indicated mineral resources" or
"inferred mineral resources" or other descriptions of the amount of
mineralization in mineral deposits that do not constitute "reserves" by SEC
standards, unless such information is required to be disclosed by the law of the
Company's jurisdiction of incorporation or of a jurisdiction in which its
securities are traded. U.S. investors should also understand that "inferred
mineral resources" have a great amount of uncertainty as to their existence and
great uncertainty as to their economic and legal feasibility. Disclosure of
"contained ounces" is permitted disclosure under Canadian regulations; however,
the SEC normally only permits issuers to report mineralization that does not
constitute "reserves" by SEC standards as in place tonnage and grade without
reference to unit measures.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Bralorne Gold Mines Ltd.
William Kocken
Chief Executive Officer
604.682.3701
604.682.3600 (FAX)
ir@bralorne.com
www.bralorne.com


Avino Silver & Gold Mines Ltd.
Malcolm Davidson, CA
Chief Financial Officer
604.682.3701
604.682.3600 (FAX)
ir@avino.com
www.avino.com