Mr. Robert Eadie reports

STARCORE REPORTS FOURTH QUARTER PRODUCTION RESULTS

Starcore International Mines Ltd. has released production results for the fourth fiscal quarter ended April, 2026, at its San Martin mine in Queretaro, Mexico.

In this quarter, the company encountered lower grades and tonnage processed. This was due mainly to the fact that the high-grade manto reserves, which were detected using diamond drilling in the previous quarter, were found to be located between a fault at the top of the manto and very soft material at the bottom. This makes mining very difficult and is subject to higher dilution. The company quickly adjusted to prepare a new high-grade orebody in another area of the mine to counteract this effect, and this new orebody was reached by the end of the quarter.

The geophysical survey announced in the previous quarter was carried out consisting of two surveys: a mobile MT (magnetotelluric) geophysical survey conducted by Expert Geophysics, covering a total of 91.5 square kilometres, and an IP (induced polarization) geophysical survey by Geotem, covering a total of 5.2 square kilometres. The results of the surveys are expected to be known by the end of May. With this, the company has practically covered 70 per cent of the 13,000-hectare concession.

"At this time we are focused on increasing the production of ounces in both the oxide ore and the carbonaceous ore, which was producing results from the second half of April. The carbonaceous ore being processed through the plant is averaging three grams per tonne of gold and 25 grams per tonne of silver at a recovery of approximately 80 per cent, with milling reaching 100 tonnes per day by quarter-end," stated Salvador Garcia, the company's chief operating officer.

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.

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