VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 12/09/14

Starcore International Mines Ltd. (the "Company") (TSX: SAM) has filed the results for the three months ended October 31, 2014 for the Company and its mining operations. The full version of the Company's Financial Statements and Management's Discussion and Analysis can be viewed on the Company's website at www.starcore.com, or SEDAR at www.sedar.com. All financial information is prepared in accordance with IFRS and all dollar amounts are expressed in thousands of Canadian dollars unless otherwise indicated.

First Quarter Ended October 31, 2014 Highlights:

--  Earnings from mining operations was $0.5 million, or 6% of gross
    revenue, compared to $3.1 million, or 36% of gross revenue, in the
    comparative quarter.
--  Net Earnings after taxes for the quarter was $0.9 million, or $0.01 per
    share compared to $2.3 million, or $0.02 per share for the prior
    comparative quarter. Current quarter Net Earnings were largely due to
    current and deferred tax recoveries of $0.9 million.
--  The following table contains selected highlights from the Company's
    unaudited consolidated statement of operations for the three months
    ended October 31, 2014 and 2013:

(in thousands of Canadian dollars)                October 31,    October 31,
(Unaudited)                                              2014           2013
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Revenues                                              $ 7,669        $ 8,749
Cost of Sales                                         (7,218)        (5,632)
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Earnings from mining operations                           451          3,117
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Net income
  (i) Net income                                        $ 870        $ 2,296
  (ii) Income per share - basic                        $ 0.01         $ 0.02
  (iii) Income per share - diluted                     $ 0.01         $ 0.02
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--  The lower earnings were largely due to lower metal production coupled
    with lower metal prices in the quarter. Overall metal production was
    lower for the quarter at 5,382 equivalent ounces ("EqOz"), compared to
    6,920 EqOz in the previous year. Mine ore grade for the quarter
    decreased to 2.36 g/t and 18.2 g/t for gold and silver, respectively,
    compared to an average of 2.55 g/t and 24.2 g/t for the prior year,
    respectively.
--  Mine operating cash costs increased overall to US$916/EqOz compared to
    an average of US$750/EqOz in the previous year due mainly to lower metal
    production coupled with higher input costs in the current period
    compared to the prior year average. All-in Sustaining Costs, which
    includes sustaining capital expenditures, exploration, reclamation,
    corporate and administrative and share-based compensation cost were
    US$1,094/EqOz, compared to US$989 in the comparative quarter.

The following table is a summary of mine production statistics for the San Martin mine for the three months ended October 31, 2014 and for the year ended July, 2014:

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                                               Actual results         Actual
                                                          for        results
                                               3 months ended         for 12
                                                  October 31,   months ended
                               Unit of measure           2014  July 31, 2014
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Production of Gold in Dore     thousand ounces            5.0           22.0
Production of Silver in
 Dore                          thousand ounces           25.9          126.5
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Equivalent ounces of Gold      thousand ounces           5.38           24.0

Silver to Gold equivalency
 ratio                                                 67.6:1         62.7:1
Gold grade                         grams/tonne           2.36           2.55
Silver grade                       grams/tonne          18.24           24.2
Gold recovery                          percent          83.9%          87.1%
Silver recovery                        percent          56.2%          52.7%
Milled                     thousands of tonnes           78.6          308.6
Operating Cost per tonne
 milled                       US dollars/tonne             63             58
Operating Cost per
 Equivalent Ounce            US dollars/ounces            916            750
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"As stated in our previous production news release, while we experienced lower than expected ore grade and recoveries in this last quarter, we fully expect to meet our annual projections for 2014," said Robert Eadie, President of the Company. "Starcore maintains its strong cash position and will continue to build on that cash position by undergoing a cost reduction plan in the coming year."

About Starcore

Starcore is engaged in exploring, extracting and processing gold and silver through its wholly-owned subsidiary, Compania Minera Pena 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 which are exclusively located in Mexico.

ON BEHALF OF STARCORE INTERNATIONAL MINES LTD.

Gary Arca, Chief Financial Officer and Director

The Toronto Stock Exchange has not reviewed nor does it accept responsibility for the adequacy or accuracy of this press release.

Contacts:
GARY ARCA
Telephone: (604) 602-4935
Facsimile: 1-604-602-4936

EVAN EADIE
Investor Relations
Telephone: (416) 640-1936
Toll Free: 1-866-602-4935