Private Placement Closes

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

March 7, 2018 TSX: SAM

PRIVATE PLACEMENT CLOSES

Vancouver, B.C. ... Starcore International Mines Ltd. (TSX:SAM) (the “Company” or “Starcore”)

announces it has closed its non-brokered private placement through the issuance of 500,000 units at a price

of $0.25 per unit for gross proceeds of $125,000. Each unit is comprised of one common share of Starcore

and one-half of one transferable common share purch ase 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. (See press release of February 20, 2018.)

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.

All of the securities issued pursuant to this offering are restricted for a period expiring on July 8, 2018.

About Starcore

Starcore is engaged in exploring, extracting a nd 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. Through its wholly-owned subs idiary, Altiplano Goldsilver S.A. de C.V, Starcore also owns and

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

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

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

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

more information concerning Starcore, see documents f iled under its profile on SE DAR, or visit its website

at www.starcore.com.

ON BEHALF OF STARCORE INTERNATIONAL

MINES LTD.

Signed “Robert Eadie”

Robert Eadie, President & Chief Executive Officer

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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.