Starcore Stakes New Claims at the San Martin Property, Mexico

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

January 13, 2020 TSX: SAM

STARCORE STAKES NEW CLAIMS AT THE SAN MARTIN PROPERTY,

MEXICO

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

to announce that the company has staked additional claims near its principal producing gold property, the San

Martin gold mine, in Querétaro, Mexico.

The geology department has completed a staking initiative that includes new claims to the west of the current

mineral rights of the San Martin mine on private property, that holds exploration and development upside. The

new surface area covers approximately 710 Ha. You can see a map of the Santa Elena target in proximity to

the San Martin mine here.

As recommended by the geology department, the Company has reduced its mineral rights on Ejido land by

7,403 Ha from the current 12,992 Ha package due to limited mineral discovery potential and to compliment

the Company’s overall cost cutting strategies.

“We continue to meet important milestones at the San Martin mine and especially with the acquisition of these

additional claims. The latter will bring exciting new exploration targets and test theories about the extending

mineralization” said Salvador Garcia, Chief Operating Officer of the Company. “ Our next milestone is to

release an exploration plan in the first part of this year”.

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 “Salvador Garcia”

Salvador Garcia, Chief Operating Officer

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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.