Starcore Announces Management Changes at the Altiplano Processing Plant

October 30, 2017 TSX: SAM

Starcore Announces Management Changes

at the Altiplano Processing Plant

Vancouver, British Columbia – Starcore International Mines Ltd. (TSX:SAM) (“Starcore” or the

“Company”) reports changes to its senior management at the Altiplano gold and silver processing plant in

Matehuala, Mexico (the “Plant”). The action to remove and replace senior management and sales personnel

from the Altiplano operations was precipitated by a prolonged period of poor performance at the Plant.

“The action taken was necessary to stem the flow of negative results at a facility that ha s every reason to be

successful,” said Robert Eadie, Starcore’s President & CEO.

Effective immediately, operational duties will be assumed by existing Starcore management and personnel in

Mexico, assisted by the services of a newly appointed consultant specializing in the procurement of

concentrates. Management believes that this is the best course of action to turn Altiplano profitable as it was

designed to be.

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. Through its wholly- owned subsid iary, 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 issuer 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 in Mexico, Canada and the United States. For

more information concerning Starcore, see documents filed under its profile on SEDAR, or visit 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.