Private Placement Closes

March 7, 2018 TSX: SAM

PRIVATE PLACEMENT CLOSES

Vancouver, B.C. ... Starcore International Mines Ltd. (TSX:SAM) (the “Company” or “Starcore”) announces it has closed its non-brokered private placement through the issuance of 500,000 units at a price of $0.25 per unit for gross proceeds of $125,000. Each unit is comprised of one common share of Starcore and one-half of one transferable common share purchase warrant, each whole warrant exercisable for a period of four years from the date of issue to purchase one common share of Starcore at a price of $0.30 per share. (See press release of February 20, 2018.)

The proceeds of the private placement will be added to working capital. The sole subscriber to the private placement is Salvador Garcia, a director of the Company and Starcore’s Chief Operating Officer.

All of the securities issued pursuant to this offering are restricted for a period expiring on July 8, 2018.

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 visit 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.