Mr. Robert Eadie reports

STARCORE ANNOUNCES 1ST QUARTER PRODUCTION RESULTS

Starcore International Mines Ltd. has released production results for the first quarter of fiscal 2019 ended July 31, 2018, at its San Martin mine in Queretaro, Mexico, and the Altiplano gold/silver processing facility in Matehuala, Mexico.

"We are happy with the steady improvement in production over the past year," reported Salvador Garcia, chief operating officer of the company. "The focus continues to be moving inferred resources to the proven and probable category and improving operational culture at our principal asset, the San Martin mine."

San Martin production           Q1 2019   Q4 2018   Q1 2018 

Ore milled (tonnes)              77,423    71,868    69,753        
Gold equivalent ounces            4,268     4,140     3,888         
Gold grade (grams per tonne)        1.5      1.69      1.97       
Silver grade (grams per tonne)    48.97     40.64      12.6         
Gold recovery (%)                  88.1      88.4        85            
Silver recovery (%)                59.6      57.4      51.2         
Gold/silver ratio                78.7:1    80.2:1    74.9:1           

Altiplano production

During Q1, the Altiplano facility received approximately 407 tonnes of concentrate containing approximately 1,249 ounces of gold and 58,115 ounces of silver. During Q1, Altiplano sold 1,219 ounces of gold and 48,197 ounces of silver. Salvador Garcia, BEng, a director of the company and chief operating officer, is the company's qualified person on the project as required under National Instrument 43-101 and has prepared the technical information contained in this press release.

About Starcore International Mines Ltd.

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.