VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 03/05/14 — Starcore International Mines Ltd. (TSX: SAM) (the “Company”) has filed the results for the second quarter ended January 31, 2014 for the Company and its mining operations. The full version of the Company’s Financial Statements and Management’s Discussion and Analysis can be viewed on the Company’s website atwww.starcore.com, or SEDAR at www.sedar.com. All financial information is prepared in accordance with IFRS and all dollar amounts are expressed in thousands of Canadian dollars unless otherwise indicated.

Second Quarter, January 31, 2014 Highlights:

--  Earnings from mining operations was $2.4 million, or 29% of gross
    revenue, compared to $3.1 million, or 36% of gross revenue, in the prior
--  Income for the quarter was $1.6 million, or $0.01 per share compared to
    $2.3 million, or $0.02 per share for the prior quarter;
--  The following table contains selected highlights from the Company's
    unaudited consolidated statement of operations for the three and six
    months ended January 31, 2014:

                                       Three months ended  Six months ended
(in thousands of Canadian dollars)       January 31, 2014  January 31, 2014
Revenues                               $            8,378  $         17,127
Cost of Sales                                      (5,990)          (11,622)
Earnings from mining operations                     2,388             5,505
Net income
  (i) Net income                       $            1,600  $          3,896
  (ii) Income per share - basic        $             0.01  $           0.03
  (iii) Income per share - diluted     $             0.01  $           0.03

--  The mine ore grade was lower for the quarter averaging 2.55 g/t and
    21.27 g/t for gold and silver, respectively, compared to 2.89 g/t and 27
    g/t for the prior quarter, respectively. Recovery was on par with the
    first quarter averaging 86.9% and 51.7%, respectively, for the second
    quarter. As a result, overall metal production was lower than the first
    quarter at 6,000 equivalent ounces ("EqOz"), compared to 6,900 EqOz in
    the previous quarter when we achieved a record quarter of production as
    previously announced, however, the mine exceeded budgeted metal
    production targets for the quarter;
--  Mine operating cash costs increased to US$718/EqOz compared to
    US$628/EqOz in the previous quarter due mainly to the record production
    in the previous quarter. All-in Sustaining Costs, which includes
    sustaining capital expenditures, exploration, reclamation, corporate and
    administrative and share-based compensation cost were US$1,020/EqOz.

The following table is a summary of mine production statistics for the San Martin mine for the three and six months ended January 31, 2014 and for the year ended July, 2013:

                                         Actual        Actual
                                    results for   results for        Actual
                                       3 months      6 months   results for
                                          ended         ended     12 months
                      Unit of       January 31,   January 31,         ended
(Unaudited)            measure             2014          2014 July 31, 2013
Production of Gold in thousand
 Dore                  ounces               5.6          11.9          18.2
Production of Silver  thousand
 in Dore               ounces              27.8          65.5           110
Equivalent ounces of  thousand
 Gold                  ounces               6.0          12.9          20.1

Silver to Gold
 equivalency ratio                         62:1          60:1          57:1
Gold grade            grams/tonne          2.55          2.71          2.36
Silver grade          grams/tonne         21.27         24.12          21.0
Gold recovery         percent              86.9%         87.6%         77.9%
Silver recovery       percent              51.7%         54.3%         53.7%
                      thousands of
Milled                 tonnes              78.5         155.5         307.3
Operating Cost per     dollars/ton
 tonne milled          ne                    55            56            55
Operating Cost per     dollars/oun
 Equivalent Ounce      ces                  718           670           844

“We continue to be pleased with our financial results which are as a result of consistent metal production which is exceeding our budget expectations. At these production levels, we are positioned to gain full benefit from any rise in metal prices,” said Robert Eadie, President and CEO of the Company.

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.


Gary Arca, Chief Financial Officer and Director

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

Starcore International Mines Ltd.
Gary Arca
Chief Financial Officer and Director
1-604-602-4935 or Toll Free: 1-866-602-4935
1-604-602-4936 (FAX)