Starcore International Mines Ltd. (the "Company") (TSX:SAM) announces production
results for the calendar year ending December 31, 2013, at its San Martin Mine
in Queretaro, Mexico. 


During 2013, a total of 306,941 tonnes was milled at an average grade of 2.66
g/t gold and 24 g/t silver resulting in the production of 24,425 gold equivalent
ounces. This represents an increase in production of 27% from the previous year.



Mill recoveries improved from last year and averaged 84.75% for gold and 54% for
silver. Silver recoveries returned to the typical rates during the year, and the
gold recovery improved from the 78% achieved in 2012.


David Gunning, P.Eng., a director of the Company and Chief Operating Officer, is
the Company's qualified person on the project as required under NI 43-101and has
approved the technical information contained in the above production results. 


The Company also reports on the results of its Annual General Meeting of
Shareholders held on January 28, 2014:


1. The following individuals were elected as directors of the Company: Robert
Eadie (Executive Chairman, President & Chief Executive Officer), Gary Arca
(Chief Financial Officer), David Gunning (Chief Operating Officer), Cory Kent
(Corporate Secretary), Ken Sumanik, Federico Villasenor, Jordan Estra, Serge
Depatie and Michael Gunning; 


2. Deloitte LLP, Chartered Accountants, was reappointed auditor of the Company;

3. the Shareholder Rights Plan was approved; 

4. the Advance Notice Policy was approved; and

5. the proposal to continue the Company's 20% rolling stock option plan did not
receive the required shareholder approval. "We have heard what our shareholders
have said and are listening," said Robert Eadie, President & CEO of the Company.



In other news, the Company reports that preparations are underway for the
commencement of the 2014 drill program to explore for and expand its San Martin
resources. 


The focus for the 2014 program will be to assess areas outside of the immediate
mine area where isolated drilling in the past has indicated mineralized
structures that have yet to be followed up.. A 5000-metre drill program is
planned for 2014. 


Permitting will commence once drillhole sites are finalized. 

At the conclusion of the prior year's drill program, the Company reviewed the
results of the program against the backdrop of its principal objective for 2013
which was to discover gold / silver mineralization in a new structure
immediately west of the San Martin - San Jose mineralized trend, close to
existing underground infrastructure. Any such new zones could then be quickly
added to the known reserves. As a result of the drill program it is now known
that the rock units situated immediately west of the mine area are host rocks
unfavourable for the types of mineralization in the mine. No further work is
recommended in this area at this time.


Gary Woods, P.Geo., Exploration Manager, Starcore's qualified person, has
reviewed the contents of this release for accuracy as it relates to the report
on the 2013 and 2014 drill programs, and has approved this press release on
behalf of Starcore.


About Starcore

Starcore is engaged in exploring, extracting and processing gold and silver
through its wholly-owned subsidiary, Compania Minera Pena de Bernal, S.A. de
C.V., which owns the San Martin mine in Queretaro, Mexico. The Company is a
public reporting issuer on the Toronto Stock Exchange. The Company is also
engaged in owning, acquiring, exploiting, exploring and evaluating mineral
properties, and either joint venturing or developing these properties further.
The Company has interests in properties which are exclusively located in Mexico.


ON BEHALF OF STARCORE INTERNATIONAL MINES LTD.

Robert Eadie, Executive Chairman, President & CEO 

The Toronto Stock Exchange has not reviewed nor does it accept responsibility
for the adequacy or accuracy of this press release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Starcore International Mines Ltd.
1-604-602-4935 or Toll Free: 1-866-602-4935
1-604-602-4936 (FAX)
info@starcore.com
www.starcore.com
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