Mr. Robert Eadie reports

STARCORE REPORTS OVERSUBSCRIBED $5 MILLION FINANCING

Starcore International Mines Ltd.'s $5-million private placement announced on Aug. 25, 2025, has been oversubscribed. The company closed tranche 1 of the financing on Sept. 26, 2025, with gross proceeds of $2,661,788.75 through the issuance of 10,647,155 units composed of 10,647,155 common shares and 5,323,577 warrants to subscribers, with an additional 183,680 warrants issued to finders for the portion of the financing attributable to their efforts.

"With tranche 2 largely oversubscribed, we are very pleased to have received the support from so many investors from seven different countries wanting to participate in this financing," said Robert Eadie, president and chief executive officer of the company. "Unfortunately, we are no longer able to accept subscriptions for this offering. We look forward to welcoming new shareholders whose participation reflects Starcore's broadening global reach."

The company will continue to provide updates, and will issue a news release once the oversubscribed offering has been reconciled and precleared for closing.

About Starcore International Mines Ltd.

Starcore International Mines is engaged in precious metal production with focus and experience in Mexico. While this base of producing assets is 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.