Private Placement Arranged

February 20, 2018 TSX: SAM

PRIVATE PLACEMENT ARRANGED

Vancouver, B.C. ... Starcore International Mines Ltd. (the “Company”) announces it has approved a

non-brokered private placement for gross proceeds of $125,000. The private placement will consist of

500,000 Units at a price of $0.25 per unit. Each unit is comprised of one common share of Starcore and one-

half of one transferable common share purchase warrant, each whole warrant exercisable for a period of four

years from the date of issue to purchase one common share of Starcore at a price of $0.30 per share.

The proceeds of the private placement will be added to working capital. The sole subscriber to the private

placement is Salvador Garcia, a director of the Company and Starcore’s Chief Operating Officer.

The private placement is subject to Toronto Stock Exchange acceptance and required regulatory approvals.

All of the securities issued pursuant to this offering will have a hold period expiring four months after the

closing date.

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 Ma rtin mine in Queretaro,

Mexico. Through its wholly- owned subsidiary, Altiplano Goldsilver S.A. de C.V, Starcore also owns and

operates the Altiplano concentrate processing facility for precious metals in Matehuala, Mexico. Starcore is

a public reporting i ssuer on the Toronto Stock Exchange. Starcore is also engaged in owning, acquiring,

exploiting, exploring and evaluating mineral properties, and either joint venturing or developing these

properties further. Starcore has interests in properties located i n Mexico, Canada and the United States. For

more information concerning Starcore, see documents filed under its profile on SEDAR, or v isit its website

at www.starcore.com.

ON BEHALF OF STARCORE INTERNATIONAL

MINES LTD.

Signed “Robert Eadie”

Robert Eadie, President & Chief Executive Officer

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

- 2 -

FOR FURTHER INFORMATION PLEASE CONTACT:

ROBERT EADIE:

Telephone: (416) 640-1936

EVAN EADIE

Investor Relations

Telephone: (416) 640-1936

Toll Free: 1-866-602-4935

The Toronto Stock Exchange has not reviewed nor does it accept responsibility

for the adequacy or accuracy of this press release.