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      Starcore Reports Positive Financial Results from the Second
      Quarter of 2009
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Vancouver, B.C. -- Starcore International Mines Ltd. (the "Company")
has filed the results for the second quarter ended January 31, 2009,
and the second complete year of its mining operations from the San
Martin Mine.  Starcore had revenues from metal sales of $5.3 million,
earnings from mining operations of $1.2 million, and a net loss of $nil
for the quarter ended January 31, 2009.  Over the six month period
ended January 31, 2009, the Company reports revenues of $12.0 million,
earnings from mining operations of $2.2 million and a net loss of $0.1
million.  The basic and diluted loss per share for the quarter and the
six months ended January 31, 2009 was $nil. 

The following table contains selected highlights from Starcore's
consolidated income statement for the three and six month periods ended
January 31, 2009:

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                                        For the three         For the six
                                         months ended        months ended
                                           January 31          January 31
                                             000's               000's
                                    --------------------------------------
                                        2009      2008      2009      2008
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Total Revenue                       $  5,340     5,224  $ 11,969    12,849
Earnings from mining operations     $  1,210        48  $  2,169     1,990
Net (loss)                          $    (22) $ (1,491) $   (131) $ (2,130)
Net (loss) per share-
 basic and diluted                  $  (0.00) $  (0.02) $  (0.00) $  (0.04)
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While mining revenue and earnings for 2009 was comparable to 2008, the
revenue from mined ore was actually $1.18 million higher for the six
months ended January 31, 2009 compared to the prior year, due mainly to
poorer ore grades in 2008.  The loss of purchased concentrate revenue
in 2009 lowered gross revenues significantly by $2.1 million from the
prior year, however, this had little effect on earnings from mining
operations due to the low margin on purchased concentrate.  Net loss
was, therefore, lower overall as a result of the higher revenues and
earnings from mining operations and due to management efforts to
decrease administrative expenses.

The Company also had positive cash flow from operations of $0.1 million
for the six months ended January 31, 2009.

The following table is selected information of mine production
statistics for the San Martin mine for the second quarter of operations
and the second complete year of operations under the Company.
 
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                                                       Actual
                                                      results       Actual
                                                          for      results
                                                     3 months          for
                                                        ended   Year ended
                                                   January 31,  January 31,
(Unaudited)                       Unit of measure        2009         2009
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Production of Gold in Dore        thousand ounces         5.0         19.0
Production of Silver in Dore      thousand ounces        43.8        160.3
Equivalent ounces of Gold(i)      thousand ounces         5.5         21.6

Milled                        thousands of tonnes        68.9        266.2

Operating Cost per
 Equivalent Ounce                US dollars/tonne         400          433
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(i) assuming a 79:1 silver to gold equivalency ratio for three months and
    62:1 for the year ended January 31, 2009.

Overall equivalent gold production was 5,500 ounces, which is
comparable to the prior years' average of 5,400 ounces per quarter. 

The Company expects to maintain or increase the current ore grades over
the next quarter and continues exploration efforts to increase reserves
of resources and to find higher grade deposits.  Management also
continues efforts to cut mine and administration costs, where possible,
to improve earnings and cash flow.
 
Full financial statements are available on SEDAR at www.sedar.com and
on Starcore's website at www.starcore.com.

ON BEHALF OF STARCORE INTERNATIONAL MINES LTD.

Signed "Gary Arca"
Gary Arca, Chief Financial Officer and Director

FOR FURTHER INFORMATION PLEASE CONTACT:   Gary Arca
Telephone: 1-604-602-4935
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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Copyright (c) 2009 STARCORE INTERNATIONAL MINES LTD. (SAM.H)  All
rights reserved.  For more information visit our website at
http://www.starcore.com/ or send mailto:info@starcore.com
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