Starcore International Mines Ltd announced a non-brokered private placement of 3,333,333 units at a price of CAD 0.15 per Unit for gross proceeds CAD 499,999.95 on May 13, 2024. Each Unit will be comprised of one common share and one common share purchase warrant. Each whole Warrant exercisable for a period of two years from the date of issue to purchase one common share of Starcore at a price of CAD 0.25 per share.

The private placement is subject to TSX acceptance and any required regulatory approvals. All of the securities issued pursuant to this financing will have a hold period expiring four months plus one day after the closing date.