Legal Disclosure

The data contained herein is provided for information purposes only. Starcore International Mines Ltd. (“Starcore”) cannot warrant the information contained herein to be exhaustive, complete or sufficient and does not constitute general disclosure. Information presented is not to be construed as an offer to buy or sell securities. All statements, other than statements of historical fact, would be considered forward-looking statements. Forward looking statements by their nature are based on assumptions and involve known and unknown risks. Although the Company has made certain assumptions in connection with the forward-looking statements contained herein, management believes these assumptions and the expectations reflected in such statements to be reasonable. However, there can be no assurance that any forward-looking statement will prove to be accurate. Such forward-looking statements include among other things, comments regarding mining and milling operations, mineral resource statements and exploration program performance. They may also include statements with respect to the Company’s mineral discoveries, plans, outlook and business strategy. The words “may”, “would”, “could”, “should”, “will”, “likely”, “expect,” “anticipate,” “intend”, “estimate”, “plan”, “forecast”, “project” and “believe” or other similar words and phrases are intended to identify forward-looking information. Factors that could cause actual results to differ materially include, but are not limited to, metal price volatility, economic and political events affecting metal supply and demand, fluctuations in mineralization grade, geological, technical, mining or processing problems, exploration programs and future results of exploration programs, future profitability and production, the ability to raise sufficient capital to fund exploration, litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities, and labour relations matters. This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information. The Company will ensure to the best of its ability that the information disclosed is updated in a timely manner. The reader agrees that the Company, its subsidiaries, their respective officers, employees and agents will not be liable against any claims for damages or cost or any loss of any kind arising from accessing this information. Cautionary note to United States shareholders. As a result of the adoption of the SEC Modernization Rules which became effective on January 1, 2021 the SEC now formally recognizes estimates of “Measured Mineral Resources”, “Indicated Mineral Resources” and “Inferred Mineral Resources”. Subpart 1300 of Regulation S-K replaced the former SEC Industry Guide 7. The amendments will more closely align the Commission’s disclosure requirements and policies for mining properties with current industry and global regulatory practices and standards. While these new standards are “substantially similar” to international standards (like CIM/NI 43-101), they are not identical, and differences may exist in how mineral resource estimates are calculated. “Inferred Mineral Resources” have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or other economic studies. United States shareholders are cautioned not to assume that all or any part of Measured or Indicated Mineral Resources will ever be converted into Mineral Reserves. United States shareholders are also cautioned not to assume that all or any part of an Inferred Mineral Resource exists, or is economically or legally mineable. The scientific and technical information related to operations and exploration have been reviewed and approved by Salvador Garcia, B.Eng., a Qualified Person as defined under National Instrument 43-101