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STARCORE REPORTS 2nd Quarter Production Results Error

Production Results

November 17, 2017 TSX: SAM

STARCORE REPORTS

2nd Quarter Production Results Error

Vancouver, B.C. – Starcore International Mines Ltd. (the “Company”) reports an error in the November

16, 2017 news release on production results for the second quarter of fiscal 2018, ended October 31, 2017, at

its San Martin Mine (“San Martin”) in Queretaro, Mexico.

During Q2 at San Martin, the Company reported that a total of 69,753 tonnes was milled, which was the Q1

tonnage. The actual Q2 tonnage milled was 62,392 tonnes at an average grade of 1 .56 g/t gold and 13.6 g/t

silver resulting in the production of 2,739 gold equivalent ounces. M ill recoveries averaged 80.9% for gold

and 54.0% for silver. Equivalent gold ounce calculation is based on the average gold:silver ratio of 75.6 :1

during the quarter.

Salvador Garcia, B. Eng., a director of the Company and Chief Operating Officer, is the Company’s qualified

person on the project as required under NI 43-101and has prepared the technical information contained in

this press release.

About Starcore

Starcore is engaged in exploring, extracting and processing gold and silver through its wholly -owned

subsidiary, Compañia Minera Peña de Bernal, S.A. de C.V., which owns the San Martin mine in Queretaro,

Mexico. Through its wholly- owned subsidiary, Altiplano Goldsilver S.A. de C.V, Starcore also owns and

operates the Altiplano concentrate processing facility for precious metals in Matehuala, Mexico. Starcore is

a public reporting issuer on the Toronto Stock Exchange. Starcore is also engaged in owning, acquiring,

exploiting, exploring and evaluating mineral properties, and either joint venturing or developing these

properties further. Starcore has interests in properties located in Mexico, Canada and the United States. For

more information concerning Starcore, see documents filed under its profile on SEDAR, or v isit its website

at www.starcore.com.

ON BEHALF OF STARCORE INTERNATIONAL

MINES LTD.

Signed “Robert Eadie”

Robert Eadie, President & Chief Executive Officer

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

Suite 700 - 350 Bay Street, Toronto, Ontario, Canada M5H 2S6

Telephone: (604) 602-4935 Fax: (604) 602-4936 e-mail. [email protected] website: www.starcore.com

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FOR FURTHER INFORMATION PLEASE CONTACT:

ROBERT EADIE:

Telephone: (416) 640-1936

EVAN EADIE

Investor Relations

Telephone: (416) 640-1936

Toll Free: 1-866-602-4935

The Toronto Stock Exchange has not reviewed nor does it accept responsibility

for the adequacy or accuracy of this press release.