Starcore Announces 4th Quarter Production Results

Vancouver, B.C. – Starcore International Mines Ltd. (the “Company”) announces production results for the fourth quarter of fiscal 2017, ended April 30, 2017, at its San Martin Mine (“San Martin”) in Queretaro, Mexico and the Altiplano Gold Silver Processing Facility (“Altiplano”) in Matehuala, Mexico.

During Q4 at San Martin, a total of 65,789 tonnes were milled at an average grade of 1.82 g/t gold and 13.5 g/t silver resulting in the production of 3,365 gold equivalent ounces. Mill recoveries averaged 81.9% for gold and 49.7% for silver. Equivalent gold ounce calculation is based on the average gold:silver ratio of 69.6:1 during the quarter.

The carbonaceous ore continues to experience mineralogical issues and, as a result, the Company has not started processing this ore utilizing the CIL/ADR circuit. Management is determining the best approach to treating the carbonaceous ore. The CIL/ADR circuit is working well and is continuing to process granulated carbon from third party producers as the Company has received its third shipment subsequent to the quarter end.

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