STARCORE ANNOUNCES 2nd Quarter Production Results

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

November 15, 2018 TSX: SAM

STARCORE ANNOUNCES

2nd Quarter Production Results

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

announces production results for the second quarter of fiscal 2019, ended October 31, 2018, at its San Martin

Mine (“San Martin”) in Queretaro, Mexico and the Altiplano Gold Silver Processing Facility (“Altiplano”) in

Matehuala, Mexico.

“We are happy with the steady improvement in production over the past year” reported Salvador Garcia, Chief

Operating Officer of the company. “The focus continues to be moving inferred resources to the proven and

probable category and improving operational culture at our principal asset, the San Martin mine”.

San Martin Production Q2 2019 Q1 2019 Q/Q Change

Q2 YTD

2019

Q2 YTD

2018 Y/Y Change

Ore Milled(Tonnes) 81,419 77,423 5% 158,842 132,146 20%

Gold Equivalent Ounces 4,050 4,268 -5% 8,317 6,626 26%

Gold Grade (Grams/Tonne) 1.4 1.5 -7% 1.45 1.76 -18%

Silver Grade(Grams/Tonne) 43.49 48.97 -11% 46.12 13.09 252%

Gold Recovery (%) 86.9 88.1 -1% 87.50 83.3 5%

Silver Recovery (%) 58.7 59.6 -2% 59.10 52.3 13%

Gold:Silver Ratio 82.43:1 78.7:1 80.32 75.18

Altiplano Production

During Q2, management determined that the capital requirements of the Altiplano facility for inventory and

operations, despite improving cash flow to a small profit in the prior quarter, did not justify the continuation

of these operations. The operations were placed on a maintenance status in the quarter and remaining

inventories were processed and sold accordingly. Management is currently assessing the best use of the assets

of Altiplano and is considering sale of the facility.

During Q2, Altiplano processed and sold the production from 229 tonnes of concentrate inventory consisting

of 385 ounces of gold and 17,958 ounces of silver.

Salvador Garcia, P. Eng., a director of the Company and Chief Operating Officer, is the Company’s qualified

person on the project as required under NI 43-101and has prepared the technical information contained in this

press release.

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About Starcore

Starcore International Mines is engaged in precious metals production with focus and experience in Mexico. This

base of producing assets is complemented by exploration and development projects throughout North America. The

company is a leader in Corporate Social Responsibility and advocates value driven decisions that will increase long

term shareholder value. You can find more information on the investor friendly website here: 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 x 205

Toll Free: 1-866-602-4935

Email: [email protected]

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

for the adequacy or accuracy of this press release.