Starcore Reports Oversubscribed $5 Million Financing
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
October 7, 2025 TSX: SAM
FSE: V4JA
NOT FOR DISTRIBUTION IN THE UNITED STATES
STARCORE REPORTS OVERSUBSCRIBED $5 MILLION FINANCING
Vancouver, B.C. ... Starcore International Mines Ltd. (the “Company” or “Starcore”) (TSX: SAM) reports
that the $5 million private placement announced on August 25, 2025 has been oversubscribed. The Company
closed Tranche 1 of the financing on September 26, 202 5, with gross proceeds of $2,661,788.75 through the
issuance of 10,647,155 Units comprised of 10,647,155 common shares and 5,323,577 warrants to subscribers,
with an additional 183,680 warrants issued to finders for the portion of the financing attributable to their
efforts.
“With Tranche 2 largely oversubscribed, we are very pleased to have received the support from so many
investors from seven different countries wanting to participate in this financing,” said Robert Eadie, President
and CEO of the Company. “Unfortunately, we are no longer able to accept subscriptions for this offering. We
look forward to welcoming new shareholders whose participation reflects Starcore’s broadening global reach.”
The Company will continue to provide updates and will issue a news release once the oversubscribed offering
has been reconciled and pre-cleared for closing.
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 has expanded its reach internationally with the project in Côte d’Ivoire. 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, President & Chief Executive Officer
FOR FURTHER INFORMATION PLEASE CONTACT:
ROBERT EADIE
Telephone: (604) 602-4935 ext 205
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X
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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 factors, except as required by law.