SAM Starcore International Mines Ltd

Starcore International Mines Ltd. (TSX:SAM) (the "Company") announces production
results for the second quarter (January 31, 2013) of the fiscal year started
August 1, 2012 at its San Martin Mine in Queretaro, Mexico. 


The 3 months production saw 78,223 tonnes milled at an average head grade of
2.20 g/t gold and 17 g/t silver resulting in the production of 4,844 gold
equivalent ounces. This production represents an increase in production of 948
equivalent ounces from the previous quarter. 


Production stabilized during the quarter due to improved mill recoveries that
averaged 79.5% for gold during Q2, peaking at 83.5% in January. Silver recovery
remained relatively constant at 55% and average silver grades rose to 20 g/t
during January. 


Q2 and Q3 are historically difficult because of the occurrence of important
holidays in Mexico that generally require the milling of surface stockpiles. The
creation of these stockpiles helps to stabilize ore grades while also providing
an inventory of ore to reduce labour overtime costs.


"We are pleased with our production results for the second quarter of fiscal
2012-2013, which have stabilized and are now within our budgeted numbers. We
have seen very positive cash flows from the mine this quarter which will be
reflected in our Q2 financial statements," said Robert Eadie, Chairman of the
Company. 


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 43-101 and
has prepared the technical information contained in this press release.


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, Interim President and Chief Executive Officer 

This press release includes certain statements that may be deemed
"forward-looking statements". All statements in this release, other than
statements of historical facts, including the planned enhanced exploration
programs and the results thereof, expectations of additional available funds
resulting from the renegotiation of the Loan Agreement and the use thereof, and
the expectation that the identification of new structures will result in the
identification of additional reserves, are forward-looking statements. Although
Starcore believes the expectations expressed in such forward-looking statements
are based on reasonable assumptions, such statements are not guarantees of
future performance and actual results or developments may differ materially from
those in the forward-looking statements. Factors that could cause actual results
to differ materially from those in forward-looking statements include
fluctuations in the price of gold and general economic, market or business
conditions, that there are no significant disruptions affecting operations,
whether due to labour disruptions, supply disruptions, damage to or loss of
equipment, whether as a result of natural occurrences including flooding,
political changes, title issues, intervention by local landowners, loss of
permits, or environmental concerns or otherwise; and the Company does not change
its development and exploration plans; that the exchange rate between the
Canadian dollar, Mexican peso and the United States dollar remain consistent
with current levels or as set out in this press release; that prices for gold
and silver remain consistent with the Company's expectations; that prices for
key mining supplies, including labour costs and consumables, remain consistent
with the Company's current expectations; that production meets expectations;
that the Company identifies higher grade veins in sufficient quantities of
minable ore; that the geology in as yet to be identified structures are as
expected; Investors are cautioned that any such statements are not guarantees of
future performance and that actual results or developments may differ materially
from those projected in the forward-looking statements. Such forward looking
statements are subject to a number of risk, including those set out in
Starcore's Annual Information Form and annual Management Discussion & Analysis
in Canada available on the SEDAR website at www.sedar.com. Starcore does not
undertake any obligation to release publicly any revisions to any
"forward-looking statement" to reflect events or circumstances after the date of
this press release or to reflect the occurrence of unanticipated events, except
as may be required under applicable securities laws. Investors should not place
undue reliance on forward looking statements.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Starcore International Mines Ltd.
Robert Eadie
Executive Chairman, Interim President and CEO
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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