Mr. Robert Eadie reports

STARCORE INTERNATIONAL MINES LTD. ANNOUNCES PRIVATE PLACEMENT

Starcore International Mines Ltd. has approved a non-brokered private placement for gross proceeds of up to $5-million. The private placement will consist of up to 20 million units at a price of 25 cents per unit. Each unit is composed of one common share of Starcore and one-half of one transferable common share purchase warrant, each whole warrant exercisable for a period of two years from the date of issue to purchase one common share of Starcore at a price of 35 cents per share, provided that, if, after the expiry of all resale restrictions, the closing price of the company's shares is equal to or greater than 50 cents per share for 10 consecutive trading days, the company may, by notice to the warrantholders (which notice may be by way of general news release), reduce the remaining exercise period of the warrants to not fewer than 30 days following the date of such notice.

In accordance with the Toronto Stock Exchange policies, the company may pay finders' fees to certain finders for such portion of the financing as may be attributable to their efforts.

Certain insiders of the company may participate in this financing.

Proceeds of the financing will be applied primarily toward bulk sampling and the development of the recently announced Tortilla project (see news releases dated July 10 and July 14, 2025).

The private placement is subject to Toronto Stock Exchange acceptance and required regulatory approvals. All of the securities issued pursuant to this offering will have a hold period expiring four months plus one day after the closing date.

About Starcore International Mines Ltd.

Starcore International Mines is engaged in precious metal production with a focus and experience in Mexico. While this base of producing assets has been complemented by exploration and development projects throughout North America, Starcore has expanded its reach internationally with the project in Ivory Coast. The company is a leader in corporate social responsibility and advocates value-driven decisions that will increase long-term shareholder value.

We seek Safe Harbor.