Mr. Robert Eadie reports

STARCORE REPORTS YEAR END 2026 RESULTS

Starcore International Mines Ltd. has filed the results for the year ended April 30, 2026, for the company and its mining operations in Queretaro, Mexico. The full version of the company's financial statements and management discussion and analysis can be viewed on the company's website or SEDAR+. All financial information is prepared in accordance with IFRS (international financial reporting standards) and all dollar amounts are expressed in Canadian dollars unless otherwise indicated.

"The company reported income of $3.2-million from mining operations in the fourth quarter, finishing strong at $13.6-million for the year," reported Robert Eadie, chief executive officer. "We are well under way in meeting our goals over the next year to significantly increase metal production, including the permitting and mining of the La Tortilla silver mine project, the full operation of the carbonaceous ore circuit and completion of related plant upgrades, and the analysis of recent IP [induced polarization] airborne geophysical survey data to further expand our existing operations at the San Martin mine."

Financial highlights for the year ending April 30, 2026 (audited), and quarter ended April 30, 2026 (unaudited):

• Cash on hand is $12.3-million and working capital of $9.7-million at April 30, 2026;
• Gold and silver sales of $44.3-million;
• Income from mining operations of $13.6-million for the year and $3.2-million in the fourth quarter ended April 30, 2026;
• Income of $7-million, or basic earnings per share of eight cents per share, for the year and $5.5-million, or six cents per share, for the quarter ended April 30, 2026;
• EBITDA (earnings before interest, taxes, depreciation and amortization) of $7.5-million.

The following table contains selected highlights from the company's consolidated statements of profit for the three months and years ended April 30, 2026, and April 30, 2025.

Production highlights for the year and quarter ended April 30, 2026:

• Equivalent gold production of 7,874 ounces for the year and 1,722 ounces for the fourth quarter;
• Mine operating cash cost of $2,662 (U.S.) per equivalent ounce for the year and $3,241 (U.S.) per equivalent ounce for the fourth quarter;
• All-in sustaining costs of $3,698 (U.S.) per equivalent ounce for the year.

The following table is a summary of mine production statistics for the San Martin mine for the three and 12 months ended April 30, 2026, and April 30, 2025.

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. The company's base of producing assets includes its gold-producing San Martin mine and the La Tortilla silver mine, both in the state of Queretaro, Mexico. 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.