Starcore Announces Results of Annual General Meeting

Starcore International Mines Ltd. (TSX: SAM) held its annual general meeting of shareholders on October 24, 2025, with 48.75% of eligible shareholders in attendance. During the meeting, shareholders overwhelmingly elected all directors nominated by management, with notable support received by director Jordan Estra, who garnered an impressive 99.94% of votes, while the other directors received between 85.44% and 85.52% of votes in favor.

The shareholders also approved a number of important resolutions, each receiving over 96% support. These included the appointment of Baker Tilly WM LLP as the company’s auditors. A significant highlight was the approval of a Plan of Arrangement that outlines the spin-out of Starcore's mineral property interests in Côte d'Ivoire. Additionally, they approved a private placement offering aimed at raising up to $5 million through the issuance of 20 million units at $0.25 each.

Following the meeting, the Board of Directors made key appointments to the executive team: Robert Eadie was appointed President and CEO, Salvador Garcia as COO, Gary Arca as CFO, and Cynthia Avelino as Corporate Secretary.

Starcore, primarily focused on precious metals production in Mexico, has expanded its operations internationally with projects in Côte d'Ivoire and remains committed to Corporate Social Responsibility. The company emphasizes shareholder value through ethical and sustainable practices. Further details and updates about the company's initiatives can be found on their investor-friendly website at www.starcore.com.

For more information, interested parties can contact Robert Eadie at 604-602-4935. This announcement has not been reviewed by the Toronto Stock Exchange for adequacy or accuracy and is not intended for distribution in the United States.

Starcore International Mines Ltd. (TSX: SAM) obtained significant shareholder support during its recent Annual General Meeting (AGM), with all proposed director nominees receiving over 85% approval. Notably, the appointment of Robert Eadie as President and CEO signals continuity in leadership, ensuring market confidence as Starcore advances its strategic interests.

A key development from the AGM was the approval of a Plan of Arrangement for a spin-out of the company’s mineral property interests in Côte d'Ivoire, along with a private placement offer aiming to raise up to $5 million. This strategic decision can be perceived as a move to enhance the value of Starcore's assets by isolating the Ivorian operations, potentially allowing for undiluted investment and focused development of this project.

The intention to issue up to 20 million units at a price of $0.25 reflects a proactive approach toward financing future growth and exploration. Investors should consider the implications of this capital raise on the company’s liquidity and operational flexibility. Given that the offering price is at a discount to current valuations, there may be a window of opportunity for investors to acquire shares at a favorable entry point prior to the execution of this fundraising initiative.

Investors should also keep an eye on the company’s commitment to corporate social responsibility, a differentiator in a competitive mining sector. By aligning with best practices and sustainability, Starcore not only enhances its operational reputation but also increases its attractiveness to environmentally-conscious investors.

In conclusion, with strong shareholder backing and a strategic plan aimed at optimizing asset value, Starcore presents a compelling opportunity, particularly for those interested in gaining exposure to the precious metals market with a growing international footprint. Investors may consider accumulating shares as the company approaches these pivotal transitions.