Starcore Announces Results of Annual General Meeting

January 18 2016 TSX: SAM

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 January 15, 2016.

Shareholders elected all directors nominated by management, as follows:

Director Percentage of Votes For

Robert Eadie 89.70% Gary Arca 89.73% David Gunning 89.73% Cory Kent 89.73% Jordan Estra 98.50% Ken Sumanik 98.50% Federico Villaseñor 98.50% Michael Gunning 98.49%

At the Meeting, shareholders also approved the re-appointment of Deloitte LLP, Chartered Accountants, as auditors of Starcore and authorized the directors to fix their remuneration.

The Company also reports that shareholders approved the proposal to issue 3,993,203 common shares. (See press releases of August 11, 2015 & September 3, 2015.)

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.

Suite 750 – 580 Hornby Street, Box 113, Vancouver, British Columbia, Canada V6C 3B6 Suite 904 – 85 Richmond Street West, Toronto Ontario M5H 2C9 Telephone: (604) 602-4935 Fax: (604) 602-4936 e-mail. [email protected] website: 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: 604-602-4935 Toll Free: 1-866-602-4935 / Facsimile: 604-602-4936

Investor Relations Starcore International Mines Ltd.

Evan Eadie Phone: 416-640-1936

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