Starcore Reaches Communities Agreement for La Tortilla Project
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
May 27, 2026 TSX: SAM
FSE:V4JA
NOT FOR DISTRIBUTION IN THE UNITED STATES
Starcore Reaches Communities Agreement
for La Tortilla Project
Vancouver, B.C. – Starcore International Mines Ltd. (TSX: SAM) (“Starcore” or “the Company”)
announces that its wholly-owned Mexican subsidiary, Compañía Minera Peña de Bernal S.A. de C.V.
(“CMPB”), operator of the San Martín Mine, reached an agreement with the El Doctor Agrarian
Community, in the municipality of Cadereyta de Montes, Querétaro, Mexico, granting CMPB the
social license to operate the La Tortilla Project (“La Tortilla”).
This agreement is for the same 10-year period as the La Tortilla lease has with the concession owner,
with an option to renew. The agreement grants CMPB permission to use the access road to La Tortilla,
which passes through their communities. The agreement prioritizes the well-being of the communities
and the stability and continued operation of La Tortilla.
The general terms of the agreement directly benefit the communities, creating well -paying jobs,
contributing to the economic stability of local residents, improving basic medical services, and
enhancing the community's quality of life and infrastructure. It also includes the future possibility for
the community members to provide transportation services to CMPB, transporting ore from La
Tortilla to the processing plant at San Martín.
This is highly relevant because the new Mexican Mining Law, in its edition of May 8, 2023, explicitly
states that community consultations will be conducted prior to the granting of the mining concession
and simultaneously with the consultation required for the Environmental Impact Assessment (MIA)
already in process to be approved by the environmental authorities, SEMARNAT.
Salvador García, B. Eng., the Company's Director and Chief Operating Officer, is the Company's
Qualified Person for the project as required by NI 43 -101 and prepared the technical information
contained in this press release.
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About Starcore
Starcore International Mines is engaged in precious metals production with focus and experience in
Mexico. The Company’s base of producing assets includes its gold-producing San Martin Mine and
the La Tortilla silver mine, both in the state of Querétaro, Mexico. 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
Telephone: (604) 602-4935
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for the adequacy or accuracy of this press release.
This news release contains “forward -looking” statements and information (“forward -looking statements”). All
statements, other than statements of historical facts, included herein, including, without limitation, management’s
expectations and the potential o f the Company’s projects, are forward -looking statements. Forward-looking statements
are based on the beliefs of Company management, as well as assumptions made by and information currently available
to Company’s management and reflect the beliefs, opinion s, and projections on the date the statements are made.
Forward-looking statements involve various risks and uncertainties and accordingly, readers are advised not to place
undue reliance on forward-looking statements. There can be no assurance that such statements will prove to be accurate,
and actual results and future events could differ materially from those anticipated in such statements . The Company
assumes no obligation to update forward‐looking statements or beliefs, opinions, projections or other f actors, except as
required by law.