News

April 10, 2012

New Director for Starcore's Board

Vancouver, B.C. — Starcore International Mines Ltd. (the “Company”) is pleased to announce that Serge Depatie of Montreal, Quebec has joined the Board of Directors as a ninth director. The Starcore Board now includes four independent Directors.

Serge Depatie is a mining and investment professional with close to 25 years of experience in senior management roles encompassing project management to institutional portfolio management. Mr. Depatie is a founding partner of NCP Investment Management (“NCPIM”), a multi-family organization dedicated to growing its investments through active participations. Prior to NCPIM, Mr. Depatie spent 10 years at Natcan Investment Management Inc., participating in growing assets from $10 billion to $32 billion. Mr. Depatie was named top 50 portfolio manager in Canada by Brendan Woods (Top Gun Awards) for 2008-2009 while his team won the Lipper Award; 5 year Performance, Best Canadian Small Cap Fund 2005-2010.

“The addition of Serge to the Starcore Board heralds the new horizons for Starcore,” said Robert Eadie, Interim President & CEO of the Company. “Serge will be invaluable in helping us usher Starcore to new financial markets and shareholders, and in developing a renewed awareness and understanding of the true value of the San Martin Mine. Our Board welcomes his participation in our efforts to increase value for our shareholders.”

ON BEHALF OF STARCORE INTERNATIONAL MINES LTD.

Signed “Robert Eadie”
Robert Eadie, Executive Chairman, Interim President and
Chief Executive Officer

FOR FURTHER INFORMATION PLEASE CONTACT: Telephone: 1-604-602-4935
Toll Free: 1-866-602-4935 / Facsimile: 1-604-602-4936

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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