January 20, 2010
— Starcore International Mines Ltd. (the “Company”) reports that its shareholders have approved all resolutions presented to them at the annual general meeting of the Company held on January 18, 2010, including the re-election of its eight directors and the re-appointment BDO Dunwoody LLP, Chartered Accountants, as the Company’s auditors.
In addition, further to the Company’s news release of December 1, 2009 regarding the completion of a $2.2 million private placement (the “Private Placement”), shareholders present at the meeting authorized the issuance (the “Issuance”) of up to 19,842,500 common shares upon the exercise of certain warrants, special warrants and finders’ warrants in relation to the Private Placement. 24,677,821 shares representing over 36.5% of the total issued and outstanding shares of the Company was present at the meeting, of which 16,226,995 shares were eligible to vote on the Issuance. Of those shares eligible to vote, 99.99% voted in favour of the Issuance.
For more information on the Company visit our website at www.starcore.com
ON BEHALF OF STARCORE INTERNATIONAL
MINES LTD.Signed “Robert Eadie”
Robert Eadie, President
FOR FURTHER INFORMATION PLEASE CONTACT: Robert Eadie
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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