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Starcore President Pursues New Ventures

Corporate Updates

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

December 29, 2023 TSX: SAM

NOT FOR DISTRIBUTION IN THE UNITED STATES

Starcore President Pursues New Ventures

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

announces that with his term as President of Starcore expiring on December 31st, 2023, Mr. Pierre Alarie will

be pursuing new ventures and will be resigning as President and a director of the Company . “Pierre has

contributed to Starcore’s expanded direction during his two-year term with the Company,” said Robert Eadie,

CEO of Starcore. “We thank him for his past services and wish him every success in his future endeavours.”

Following Mr. Alarie’s resignation, Robert Eadie assumes the Presidency, along with his role as CEO of

Starcore, as the Company expands its activities beyond Mexico . “While our Mexican operations focus on

increasing production and exploration discoveries, we are looking forward to an exciting year as we form new

relationships with international partners and tap into the potential of our gold project in the Ivory Coast.”

About Starcore

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

While this base of producing assets is complemented by exploration and development projects throughout

North America, Starcore is driven to expand i ts reach internationally. 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, Chief Executive Officer

FOR FURTHER INFORMATION PLEASE CONTACT:

ROBERT EADIE

Investor Relations

Telephone: (604) 602-4935

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for the adequacy or accuracy of this press release.