Results of Annual General Meeting

January 17, 2011 TSX: SAM

Results of Annual General Meeting

Vancouver, B.C. – Starcore International Mines Ltd. (the “Company”) reports that its shareholders have approved all resolutions presented to them at the annual general meeting of the Company held on January 17, 2010, including the re-election of its eight directors, namely Robert Eadie (Executive Chairman and CEO), Gary Arca (Chief Financial Officer), David Gunning (Chief Operating Officer), Cory Kent (Corporate Secretary), Jordan Estra, Ken Sumanik, Federico Villaseñor and Arturo Préstamo, the appointment of PricewaterhouseCoopers LLP, Chartered Accountants, as the Company’s auditors, and the amendments and continuance of the Company’s Share Option Plan.

For more information on the Company visit our website at www.starcore.com.

ON BEHALF OF STARCORE INTERNATIONAL MINES LTD.

Signed “Robert Eadie”

Robert Eadie, Executive Chairman & CEO

FOR FURTHER INFORMATION PLEASE CONTACT: Robert Eadie Telephone: 1-604-602-4935 Toll Free: 1-866-602-4935 / Facsimile: 1-604-602-4936

The Toronto Stock Exchange has not reviewed nor does it accept responsibility for the adequacy or accuracy of this press release.

Suite 750 – 580 Hornby Street, Box 113, Vancouver, British Columbia, Canada V6C 3B6 Telephone: (604) 602-4935 Fax: (604) 602-4936 e-mail. [email protected] website: www.starcore.com