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Starcore Announces New Drilling Begins on New Gold Target at El Creston in Opodepe, Sonora

Exploration Programs

November 8, 2021 TSX: SAM

Starcore Announces New Drilling Begins

on New Gold Target at El Creston in Opodepe, Sonora State, Mexico.

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

pleased to announce the start of DDH exploration on its MEZTLI 4 and TEOCUITLA claims located in

Opodepe, Sonora, Mexico (see Fig.1). This first stage explores five different veins that were discovered after

more than eight months of geological works with more than 2000 samples taken (see Fig. 2), and assays and

metallurgical tests done (Fig. 3), the results of which formed the direction of the current exploration program

(see Fig. 4).

As reported in its news release of August 17, 2021, the Opodepe project represents a three-dimensional

prospect for Starcore with possibilities as a moly deposit, or as a property with gold showings, and thirdly as

a project with the potential for copper porphyry at depth. These concessions of 11,364 hectares (the

MEZTLI 4 claims) have never been explored for precious metals. With the acquisition of 3,087 hectares

northwest of the MEZTLI 4 claims (the TEOCUITLA concessions), Starcore now has a total of 14,451

hectares to explore, with five veins identified thus far for the initial stage of drilling.

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

- 2 -

Fig. 1 OPODEPE PROJECT LOCATION

Fig. 2 MAP SHOWING THE 5 VEINS TO BE EXPLORED FIRST STAGE

# Targets Target Claim Recognized surface

length (mt)

Economic length

(mt) Surface

Economic width

(mt) Surface Au g/t Ag g/t

1 Mana System

Meztli 4

2100 300 1.07 0.52 250

2 Karla System NW 1815 280 0.53 3.52 13

3 Nom 520 200 0.55 4.19 43

4 El Guerigo 1800 110 0.98 0.11 162

5 San Gerónimo 196 100 0.40 0.40 120

6 Midas Vein New claims

acquired

580 190 0.73 0.20 160

7 La Aurora - La Espinada Vein old Dumps 0.21 241

8 La Última Old mining non visited

9 El Oro Other claim 500 70 0.53 10.30 5

Fig. 3 TABLE OF ASSAYS LAB RESULTS

- 3 -

DDH SCHEDULE 2021

Target Company Claim Holes Category Meters

Mana System

Contractor

Meztli 4 8 Greenfield 620

Nom Meztli 4 7 Greenfield 630

El Guerigo Meztli 4 7 Greenfield 450

Karlas Meztli 4 3 Greenfield 500

Midas Teocuitla 2 Greenfield 300

Total 27 2500

Fig. 4 DDH FIRST STAGE PROGRAM

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

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

this press release.

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:

EVAN EADIE

Investor Relations

Telephone: (604) 602-4935 x 203

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.

.