Mr. Robert Eadie reports

STARCORE BUYS BACK SHARES

Starcore International Mines Ltd. has bought back 8,666,667 common shares previously issued as partial consideration for a mineral property option agreement with K Mining SARL, an Ivorian company, regarding various mineral properties in Ivory Coast.

Starcore negotiated to acquire the shares from the sole shareholder of K Mining at 10 cents per share, payable in 12 equal tranches over 33 months.

"After receiving conditional approval from the TSX [Toronto Stock Exchange], and the payment of the first tranche of $72,222, the shares have been returned to treasury," confirmed Robert Eadie, president and chief executive officer of Starcore. "The transaction received unanimous approval from Starcore's board, who recognized the value in the anti-dilutive opportunity of acquiring Starcore shares at a significant discount to market."

The company is continuing its exploration work on the Kimoukro property in Ivory Coast, a region prospective for gold mining. With its international partners, Starcore's objective is to delineate potential geological targets for subsequent detailed exploration for and exploitation of untapped mineral resources.

About Starcore Mines International Ltd.

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

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