BPM

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) are pleased to
announce that they have entered into a letter of intent (the "LOI") pursuant to
which it is contemplated that Avino will acquire all of the outstanding common
shares of Bralorne which Avino does not already own by way of a plan of
arrangement (the "Transaction"). Upon completion of the Transaction, 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, Avino President and CEO, stated, "Avino intends to make the
Bralorne gold mine our second production center in North America. Our team has a
good technical understanding and knowledge base of the Bralorne gold mine and we
see an opportunity to finance the expansion of this mine and substantially
increase its production profile over time. By utilizing Avino's balance sheet
and access to capital along with the strengths of the combined Avino and
Bralorne operational teams, I believe that we can create value for both Avino
and Bralorne shareholders by realizing the full potential of this quality asset.
Avino has a strong track record of financing production growth at our flagship
Avino mine in Mexico to create shareholder value as demonstrated by our strong
financial performance thus far in 2014 and I look forward to working with the
Bralorne team and continuing this type of success."


William Kocken, Bralorne President and CEO, stated, "Since mid-2011, funding
junior resource companies has been a very challenging task. The current market
valuation of Bralorne required Bralorne's Board of Directors to evaluate various
financing opportunities in the best interests of our shareholders. This
transaction with Avino allows for our project to advance. Importantly, it also
offers Bralorne shareholders an attractive premium, minimizes near-term going
concern risk by providing an immediate cash injection and protects our
shareholders from a financing which, if available at all, would be highly
dilutive and in the Board's view punitive to Bralorne shareholders. Avino is a
recognized, profitable precious metals producer with a management team that has
an established record of accretively financing the expansion of producing mines
in North America and we look forward to working with them."


Summary Terms of the LOI

Under the terms of the LOI, the Transaction will be effected by a plan of
arrangement under the Business Corporations Act (British Columbia) whereby Avino
will acquire from the shareholders of Bralorne, 100% of the outstanding common
shares of Bralorne which Avino does not already own in exchange for common
shares of Avino, and Bralorne will as a result become a wholly-owned subsidiary
of Avino. Previously Avino agreed to purchase 9,500,000 common shares of
Bralorne from a third party and following the closing of this purchase, Avino
will own 9,679,149 common shares of Bralorne representing approximately 34% of
Bralorne's outstanding common shares. The proposed Transaction structure remains
to be finalized by the parties pursuant to the LOI. 


Avino will issue to each shareholder of Bralorne 0.14 of a common share in the
capital of Avino in exchange for each Bralorne common share held by such
shareholder (the "Share Exchange Ratio"). 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)
would receive approximately 2,636,857 common shares of Avino under the
Transaction, representing approximately 7.6% of Avino's outstanding shares on
completion of the Transaction (based on Avino's 32,241,760 outstanding common
shares on the date hereof). It will be a condition to the Transaction that all
stock options of Bralorne are exercised or terminated prior to the effective
time of the plan of arrangement.


The LOI also provides, subject to the acceptance of the TSX Venture Exchange,
for Avino to advance a bridge loan to Bralorne of up to CAD$1.25 million,
consisting of an initial advance of $500,000 immediately, and the balance of
$750,000 upon the execution of a definitive agreement and any related support
agreements. All advances will bear interest at 12% per annum payable on
maturity, and will mature on the earlier of the closing of the Transaction and
September 30, 2014. The principal amount and any accrued interest will be
secured by a general security interest against all of the assets of Bralorne. 


The LOI provides for customary deal protection mechanisms, including
non-solicitation and right to match, in favour of Avino. Until August 8, 2014,
Bralorne and Avino will negotiate exclusively with one another and work together
to finalize definitive agreements as soon as reasonably possible and 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:




--  completion of due diligence satisfactory to each party by August 8,
    2014; 
--  execution of a formal definitive agreement based on the terms of the LOI
    and containing other customary terms for a transaction of this nature by
    August 8, 2014; 
--  the Transaction and plan of arrangement will be subject to approval by
    the shareholders of Bralorne at an annual and special meeting of
    shareholders; and 
--  receipt of all necessary approvals to the Transaction, including from
    the TSX Venture Exchange, and the approval of the Supreme Court of
    British Columbia after a hearing upon the fairness of the Transaction. 



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


Appointment of Special Committees

The board of directors of each of Avino and Bralorne has appointed an
independent special committee to review, negotiate and recommend for approval
(if appropriate) the proposed Transaction to their respective boards of
directors. Avino and Bralorne have two directors in common, David Wolfin and
Gary Robertson. Jasman Yee, a director of Avino has performed consulting
services for Bralorne in the past. David Wolfin is also a director and officer
of Oniva International Services Corp., a private resource management company
which provides administrative and other services and facilities to Avino and
Bralorne, among other companies. The special committee of Bralorne is comprised
of Patrick Kinsella and William Glasier, and the special committee of Avino is
comprised of Andrew Kaplan and Michael Baybak. The Transaction is considered to
be a "related party transaction" or "business combination" under Multilateral
Instrument 61-101 Protection of Minority Security Holders in Special
Transactions, invoking the requirement for approval of the Transaction by a
majority of the minority shareholders of Bralorne at the Bralorne Meeting. 


Cantor Fitzgerald Canada Corporation is acting as financial advisor to Avino in
connection with the Transaction.


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, 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 

Malcolm Davidson, CA Chief Financial Officer

On Behalf of Bralorne's Board

William Kocken, 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
604.682.3701
r@bralorne.com
604.682.3600 (FAX)
www.bralorne.com


Avino Silver & Gold Mines Ltd.
Malcolm Davidson
604.682.3701
ir@avino.com
604.682.3600 (FAX)
www.avino.com