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Starcore Announces Results of Annual General Meeting

Shareholder Meetings

October 25, 2017 TSX: SAM

NEWS RELEASE

Starcore Announces Results of Annual General Meeting

Vancouver, B.C. – Starcore International Mines Ltd. (TSX: SAM) (“Starcore” or the “Company”) reports the results of its annual general meeting of shareholders (the “Meeting”) held on October 24, 2017.

Shareholders elected all directors nominated by management, as follows:

Director Percentage of Votes For

Gary Arca 98.31% Robert Eadie 98.22% Jordan Estra 99.77% Cory Kent 98.31% Tanya Lutzke 99.76% Ken Sumanik 99.77% Federico Villaseñor 98.31%

At the Meeting, shareholders also approved the appointment of Davidson & Company. LLP, Chartered Accountants, as auditors of Starcore and authorized the directors to fix their remuneration. Shareholders also approved amending the articles of the Company to allow for the direct registration system of the Company’s securities.

Subsequent to the Meeting, the Board of Directors appointed Robert Eadie as Executive Chairman, President and Chief Executive Officer, Gary Arca as Chief Financial Officer, Salvador Garcia as Chief Operating Officer and Cory Kent as Corporate Secretary. The Board also appointed Salvador Garcia as an additional director. “We welcome Salvador as a director of Starcore,” said Robert Eadie. “With his extensive experience in mining in Mexico and his hands-on involvement as COO of Starcore, he will be a tremendous force in helping steer Starcore’s next stage of growth.”

Suite 750 – 580 Hornby Street, Box 113, Vancouver, British Columbia, Canada V6C 3B6 Suite 700, 350 Bay Street, Toronto, Ontario, Canada M5H 2S6 Telephone: (604) 602-4935 Fax: (604) 602-4936 e-mail. [email protected] website: www.starcore.com

About Starcore

Starcore is engaged in exploring, extracting and processing gold and silver through its wholly-owned subsidiary, Compañia Minera Peña de Bernal, S.A. de C.V., which owns the San Martin mine in Queretaro, Mexico. The Company is a public reporting issuer on the Toronto Stock Exchange. The Company is also engaged in owning, acquiring, exploiting, exploring and evaluating mineral properties, and either joint venturing or developing these properties further. The Company has interests in properties located in Mexico, Canada and the United States.

More information on Starcore is available at www.starcore.com.

ON BEHALF OF STARCORE INTERNATIONAL MINES LTD.

Signed “Robert Eadie”

Robert Eadie, President & Chief Executive Officer

FOR FURTHER INFORMATION PLEASE CONTACT:

Robert Eadie Telephone: 416-640-1936 Toll Free: 1-866-602-4935 / Facsimile: 604-602-4936

Investor Relations Starcore International Mines Ltd.

Evan Eadie Phone: 416-640-1936

Neither the Toronto Stock Exchange nor its Regulation Services Provider (accepts responsibility for the adequacy or accuracy of this release.