Mr. Gary Arca reports

STARCORE REPORTS Q1 RESULTS

Starcore International Mines Ltd. has filed the results for the first quarter ended July 31, 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 on SEDAR+. All financial information is prepared in accordance with IFRS (international financial reporting standards) and all dollar amounts are expressed in thousands of Canadian dollars unless otherwise indicated.

"We continue to increase our income from mining operations and achieved a net income of three cents per share for the quarter," stated Robert Eadie, chief executive officer of the company. "With our carbon ore processing getting better and more consistent results and with success in developing newer ore zones, the mine is showing excellent potential. We expect production to continually improve over the next quarters."

Financial highlights for the three-month period ended July 31, 2026 (unaudited):

• Cash on hand is $8-million and working capital of $11.3-million;
• Metal inventory of 1,000 kilograms of silver;
• Gold and silver sales of $10.5-million;
• Income from mining operations of $2.2-million;
• Income of $3.1-million, or three cents per share;
• EBITDA (earnings before interest, taxes, depreciation and amortization) of $3.7-million.

The following table contains selected highlights from the company's unaudited consolidated statement of operations for the quarters ended July 31, 2026, and 2025.

Production highlights for the three-month period ended July 31, 2026:

• Equivalent gold production of 2,008 ounces;
• Mine operating cash cost of $3,180 (U.S.) per equivalent ounce;
• All-in sustaining costs of $3,940 (U.S.) per equivalent ounce.

The following table is a summary of mine production statistics for the San Martin mine for the three months ended July 31, 2026, and 2025 and for the previous year ended April 30, 2026.

Salvador Garcia, B Eng, a director of the company and chief operating officer, is the company's qualified person on the project as required under National Instrument 43-101and 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.