Vancouver, B.C. – Starcore International Mines Ltd. (TSX: SAM) (“Starcore” or the “Company”) reports the results of its annual general meeting of shareholders (the “Meeting”) held on January 15, 2016.

Shareholders elected all directors nominated by management, as follows:

At the Meeting, shareholders also approved the re-appointment of Deloitte LLP, Chartered Accountants, as auditors of Starcore and authorized the directors to fix their remuneration.

The Company also reports that shareholders approved the proposal to issue 3,993,203 common shares. (See press releases of August 11, 2015 & September 3, 2015.)

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. The Company is a public reporting issuer on the Toronto Stock Exchange. The Company is also engaged in owning, acquiring, exploiting, exploring and evaluating mineral properties, and either joint venturing or developing these properties further. The Company has interests in properties located in Mexico, Canada and the United States.

More information on Starcore is available at 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
Toll Free: 1-866-602-4935 / Facsimile: 604-602-4936

Investor Relations
Starcore International Mines Ltd.
Evan Eadie
Phone: 416-640-1936

Neither the Toronto Stock Exchange nor its Regulation Services Provider (accepts responsibility for the adequacy or accuracy of this release.