Starcore is Debt Free

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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 10, 2020 TSX: SAM

OTCQB: SHVLF

STARCORE IS DEBT FREE

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

to report that the Company has paid out CAD$3,000,000 of secured Bonds, plus accrued interest of

CAD$235,410, ahead of the Bonds’ June 18th 2020, maturity date. In addition to this debt repayment, the

Company had also repaid a US$1,000,000 loan due April 25 th, 2020. The payments were made from the

Company’s cash flow generated from mine operations and prior asset sales. “We are pleased to be debt free

again and can now direct our positive cash flow to improving production at the San Martin mine,” stated Robert

Eadie, CEO and President.

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 R esponsibility 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: (416) 640-1936 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.