News

May 13, 2016

Change of Financial Year-End and Appointment of New Auditors

Vancouver, B.C. - Starcore International Mines Ltd. (the “Company”) announces that its Board of Directors has resolved to change the Company’s financial year-end from July 31st to April 30th. A Notice of Change in Year-End has been filed by the Company on SEDAR pursuant to National Instrument 51-102.

The Company also reports that it has appointed Davidson & Company LLP, Chartered Professional Accountants, as auditors of the Company for the new April 30th, 2016 year-end. The appointment follows the resignation of the former auditors, Deloitte LLP, Chartered Professional Accountants, at the request of the Company. The Company reports that there have been no reservations in the report of Deloitte LLP for the audits of the most recently completed fiscal period and, in the opinion of the Company, prior to the appointment of Davidson & Company LLP, there were no reportable events. A reportable event is an occurrence in relationship between the reporting issuer and the former auditor which may have been a contributing factor in the change. A notice of Change of auditors has been filed by the Company on SEDAR pursuant to National Instrument 51-102.

A reporting package has been filed with the regulators and will be included in the management materials sent to shareholders for the next annual general meeting of the Company.

About Starcore

Starcore is engaged in exploring, extracting and processing gold and silver through its wholly-owned subsidiary, Compañia Minera Peña de Bernal, S.A. de C.V., which owns the San Martin mine in Queretaro, Mexico. Starcore is a public reporting issuer on the TSX. Starcore is also engaged in owning, acquiring, exploiting, exploring and evaluating mineral properties, and either joint venturing or developing these properties further. Starcore has interests in properties located in Mexico, Canada and the United States. For more information concerning Starcore, see documents filed under its profile on SEDAR, or visit its website at www.starcore.com.

ON BEHALF OF STARCORE INTERNATIONAL
MINES LTD.

Signed “Robert Eadie”
Robert Eadie, President & Chief Executive Officer

FOR FURTHER INFORMATION PLEASE CONTACT:

EVAN EADIE
Investor Relations
Telephone: (416) 640-1936
Toll Free: 1-866-602-4935

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

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