Starcore completes $3 million bond offering

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Suite 750 – 580 Hornby Street, Box 113, Vancouver, British Columbia, Canada V6C 3B6

Telephone: (604) 602-4935 e-mail. [email protected] website: www.starcore.com

June 18, 2018 TSX: SAM

Starcore completes $3 million bond offering

Vancouver, British Columbia – Further to its news release of June 12, 2018, Starcore International Mines

Ltd. (TSX:SAM) (“Starcore” or the “Company”) is pleased to announce it has completed a private placement

of secured bonds in the aggregate principal amount of CDN$ 3 million (the “Bonds”). The Bonds bear

interest at 8% per annum, payable on maturity, and mature on June 18, 2020. The Bonds are secured by a

charge over all of the Company’s and its subsidiaries assets.

Following conditional acceptance from the Toronto Stock Exchange, the Company has issued 3,000,000

warrants to the bond holders, each warrant entitling the bond holders to acquire one share of Starcore at a

price of $0.20, expiring on June 18, 2021.

The proceeds from the sale of the Bonds will be added to general working capital.

The Bonds were sold pursuant to exemptions from the prospectus requirement of Canadian securities

legislation and are subject to a statutory four month hold period expiring October 19, 2018. The Bonds are

not and will not be listed on any market or exchange. The Bonds have not been registered under the U.S.

Securities Act of 1933, as amended, and were not offered or sold in the United States.

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 l eader 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 and Chief Executive Officer

FOR FURTHER INFORMATION PLEASE CONTACT:

EVAN EADIE

Investor Relations

Telephone: (604) 602-4935 ext. 230

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.