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SAM.TO ·

STARCORE Announces Voluntary Withdrawal From OTCQB No Impact on Canadian Public Disclosure

Corporate Updates

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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

March 29, 2023 TSX: SAM

OTCQB: SHVLF

FSE: V4JA

STARCORE Announces Voluntary Withdrawal From OTCQB

No Impact on Canadian Public Disclosure

Vancouver, B.C. – Starcore International Mines Ltd. (TSX: SAM) (OTCQB: SHVLF) (FSE: V4JA)

(“Starcore” or “the Company”) today announced that as part of its ongoing efforts to reduce costs, it will

voluntarily withdraw its common shares from quotation on the OTCQB, effective prior to the opening of

the markets on March 31, 2023.

The Company expects its common shares may thereafter be eligible for quotation on the Pink tier of OTC

Markets Group if market makers commit to making a market in the Company's shares. The Company can

provide no assurance that trading in its common shares will continue on the OTC Markets Group or

otherwise. For quotes or additional information on the OTC Pink market, please

visit http://www.otcmarkets.com.

The Company's shares will continue to trade on the Toronto Stock Exchange (TSX) and the Frankfurt Stock

Exchange (FSE).

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 increa se 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

(sgd.) “Robert Eadie”

Robert Eadie, Chief Executive Officer

______________________________________________________________________________

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

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

Cautionary Note Regarding Forward-Looking Statements

The information discussed in this press release includes “forward looking statements” within the meaning

of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All

statements, other than statements of historical facts, included herein concernin g, among other things,

changes to exchange rates and their impact on the Company, planned capital expenditures, future cash

flows and borrowings, pursuit of potential acquisition opportunities, our financial position, business

strategy and other plans and objectives for future operations, are forward looking statements. Although we

believe that the expectations reflected in these forward-looking statements are reasonable, they do involve

certain assumptions, risks and uncertainties and are not (and should not be considered to be) guarantees

of future performance. Refer to our risk factors set forth in our reports filed on Edgar. The Company

disclaims any obligation to update any forward-looking statement made here.