Mr. Robert Eadie reports

CHANGE OF FINANCIAL YEAR-END AND APPOINTMENT OF NEW AUDITORS

Starcore International Mines Ltd. has resolved to change the company's financial year-end from July 31 to April 30. A notice of change in year-end has been filed by the company on SEDAR pursuant to National Instrument 51-102.

The company also reports that it has appointed Davidson & Company LLP, chartered professional accountants, as auditors of the company for the new April 30, 2016, year-end. The appointment follows the resignation of the former auditors, Deloitte LLP, chartered professional accountants, at the request of the company. The company reports that there have been no reservations in the report of Deloitte LLP for the audits of the most recently completed fiscal period and, in the opinion of the company, prior to the appointment of Davidson & Company LLP, there were no reportable events. A reportable event is an occurrence in relationship between the reporting issuer and the former auditor which may have been a contributing factor in the change. A notice of change of auditors has been filed by the company on SEDAR pursuant to National Instrument 51-102.

A reporting package has been filed with the regulators and will be included in the management materials sent to shareholders for the next annual general meeting of the company.