SAM.TO · 2022-01-10 12:00:00

Starcore Announces New President

Management Changes

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

January 10, 2022 TSX: SAM

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

announces the appointment of Pierre Al arie as President and a director of the Company . Mr. Alarie’s

appointment signals Starcore’s expanded direction as it position s the Company for strategic leadership and

growth.

Mr. Alarie’s distinguished career covers over 30 years of executive positions in Canadian and Latin

American com panies, with e xperience in b usiness development, acquisitions, team management and

structured financial tran sactions. M ost recently as Managing Director of ATC O, Lati n America from

September 2019 to December 2021, Mr. Alarie served as the Ambassador of Canada to Mexico from 2015 to

2019 when he worked to facilitate relations between the two countries across various sectors, including the

aerospace, auto and mining indus tries. His business deve lopment and operational experience in commercial

and banking co rporations, coupled with deve loping and manag ing long-cycle projects in both international

and national e nvironments will bring a valuable dimension to Starcore ’s manag ement and the Board of

Directors.

“Attracting additional senior management with Lati n American experience of Pierre’s calibre demonstrates

Starcore’s commitment to building and growing shareholder value ,” said R obert Eadie , CEO of the

Company. “Starcore is stronger than ever – we are debt-free and poised for our next stage of growth.”

Mr. Alarie’s operational experience is extensive, having formerly worked with Bom bardier, SNC Lavalin,

Hydro-Quebec and other Canadian corporations. In addition to serving as Canada’s Ambassador to Mexico,

his diplomatic service includes serving as first secretary in Santiago, Chile. Mr. A larie possesses strong

experience in Crown corporations, and service in various public and private sectors.

Mr. Alarie’s appointment follows the resignation of Robert Eadie as President of the Company. Mr. Eadie

remains as Chairman, CEO and a director of the Company.

About Starcore

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

This base of producing ass ets is complemented by exploration a nd development projects throughout North

America. The Company is a leader in Corporate Social Res ponsibility and advocates value dr iven decisions

that will in crease long term shareho lder va lue. You can find more informat ion on the investor friendly

website here: www.starcore.com.

ON BEHALF OF STARCORE INTERNATIONAL

MINES LTD.

Signed “Robert Eadie”

Robert Eadie, Chairman & Chief Executive Officer

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FOR FURTHER INFORMATION PLEASE CONTACT:

EVAN EADIE

Investor Relations

Telephone: (604) 602-4935 x 203

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.