Starcore International Mines (TSX:SAM) August 2014

1

Starcore International Mines

TSX: SAM VFK:VJ4

A Gold and Silver Producer in Mexico

2

DisclaimerThe data contained herein is provided for information purposes only. Certain information has been compiled from sources believed to be reliable. No information in this presentation is to be construed as an offer to buy or sell securities.

Some statements contained in this presentation are forward-looking and, therefore, involve uncertainties or risks that could cause actual results to differ materially. Such forward-looking statements include among other things, comments regarding mining and milling operations, mineral resource statements and exploration program performance. They may also include statements with respect to the Company's mineral discoveries, plans, outlook and business strategy. The words "may", "would", "could", "should", "will", "likely", "expect," "anticipate," "intend", "estimate", "plan", "forecast", "project" and "believe" or other similar words and phrases are intended to identify forward-looking information.

Factors that could cause actual results to differ materially include, but are not limited to, metal price volatility, economic and political events affecting metal supply and demand, fluctuations in mineralization grade, geological, technical, mining or processing problems, exploration programs and future results of exploration programs, future profitability and production, the ability to raise sufficient capital to fund exploration, litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or inability to obtain permits encountered in connection with exploration activities, and labour relations matters.

This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information. The Company disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise. The reader agrees to hold the Company and its subsidiaries, and their respective officers, employees and agents harmless against any claims for damages or cost or any loss of any kind arising out of the access to or use of this presentation or any information contained in or obtained through this presentation.

Cautionary Note to United States Investors Concerning Estimates of Measured, Indicated and Inferred Resources: These tables use the terms "Measured", "Indicated" and "Inferred" Resources. United States investors are advised that while such terms are recognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize them. "Inferred Mineral Resources" have a great amount of uncertainty as to their existence, and as to their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or other economic studies. United States investors are cautioned not to assume that all or any part of Measured or Indicated Mineral Resources will ever be converted into Mineral Reserves. United States investors are also cautioned not to assume that all or any part of an Inferred Mineral Resource exists, or is economically or legally mineable.

3

• We are growth-oriented producing mining company focused on the development of the San Martin mine.

• Our goal is to increase shareholder value and impact the Mexican mining community through strategic exploration and sustainable business plans.

• The San Martin mine has been successfully replacing reserves for the past 20 years.

Starcore International

Mines Ltd.

4

San Martin Mine

• The San Martin gold and silver mine was acquired by Starcore in 2007 from Goldcorp (Mexico) for $26 million.

• It is located 50km east of Queretaro City in the State of Queretaro or 250km northwest of Mexico City.

• 100% owned land package contains 12,992 hectares equivalent to 10km by 13km.

5

 Querétaro and San Martin

San Martin Project.

Queretaro Int. Airport.

Mexico City.

6

Three-Pillar Philosophy

In order to align our principles with actionable business approaches, Starcore has identified three pillars which act as a cornerstone to how we conduct business. • Sustainability – In our community, our environment and our

business practices.

 • Profitability – Cash flow growth and strengthening the balance

sheet. 

• Operational efficiency – Maintaining a strategic edge by allocating capital effectively and efficiently.

7

Corporate Social Responsibility

“Because we believe that we have a responsibility beyond our commitment to our shareholders, we are dedicated to enriching the lives of the people of

the communities in which we operate.”- Robert Eadie, C.E.O., President and

Director

8

In the Community

Community Involvement Activities:

• Roofing of elementary school’s bleacher, and maintenance of the elementary school’s frontage.

• Celebration of World Earth Day, and Annual Summer Camp for San Martin Community’s Children - 90% of the children in the summer camp are part of miners’ families.

9

Charity Day 2013 - Mexico

• Held charity event to provide hospice with food and supplies for children who have undergone major surgery .

• Part of ‘post operation’ care and support the community that provides medical services to people coming from the poorest states such as Guerrero, Oaxaca and Michoacan

10

Corporate Social Responsibility

11

Reforestation Plan:

• 90 trees were planted by children of Starcore employees.

• Nursery for plants of the region - 10,000 plants per year.

• Presa de Jales – We plant an estimated 7,500 plants per year from May to July on top of dry tailings.

Environmental Sensitivity

12

Vivero- The Nursery

13

San Martin Deposit

• Mining began in 1993 at 300 tpd and current production averages 842 tpd with a capacity of 900 tpd.

• The mine has been continuously producing for 20 years.

• The deposit is described as an epithermal, probably low- sulphidation precious metal (Ag-Au) type within carbonate hosted rocks.

14

Epithermal Deposit

15

Fiscal Year Production 2014• Production totalled 24,037 AuEq

Oz from 308,610 tonnes milled averaging 2.55 g/t gold and 24.2 g/t silver

• Gold grade improved 8.5%

• Gold recovery improved 10.4%

• Production overall comparing to the 2012-2013 fiscal year was 18% higher

• Historic Production (1994 to July 31st 2013) of 550,000 oz. Au Eq. from over 5 million tonnes.

16

Replacing and Increasing Reserves

• New Resource estimates increased 8% in tonnes and 12% in Equivalent Gold Ounce all while mining 307,000 tonnes.

• The mine development team are replacing more than what they mine on a year-to-year basis.

17

Profitability

• For nine months ended April 30, 2014, the company reported earnings from mining operations of $7.4 million and net earnings of $5.1 million*.

• This represents $0.03 income per basic share**.

• Current cash and investments approximately $10 million.***

***Please refer to the financial report for period ending April 30, 2014

18

Operational EfficiencyThe San Martin deposit is blessed with some advantages that enable it to profitably operate at grades that other deposits could not:

• Location: Near to a large city and tourist town providing a safe transit corridor for employees, contractors and supply chain management.

• Low Training Costs: Central Mexico has a history of mining so, Starcore has access to knowledgeable workers.

• Host Rock: The limestone of San Martin is very soft; as a result, enables very low drill and steel costs of drilling, as well as rapid blast cycles.

19

Operational Efficiency

RESULTS FOR NINE MONTHS ENDED APRIL 30, 2014*:

• Cash costs were $833 USD per AuEq Oz.

• All-in sustaining costs, which includes sustaining capital expenditures, exploration, reclamation, and corporate and administrative cost were $1,066 USD.

• Ore grade for the quarter to 2.34 g/t and 22.9 g/t for gold and silver.

• Recovery averaged 86.3% and 51.4% for Au and Ag, respectively.

*Please refer to the press release dated June 12, 2014*

20

Mine Development

• San Martin currently owns and operates three diamond drill rigs, that drill roughly 10,000m annually.

• The Guadalupe Vein was discovered in 2008. Guadalupe is a parallel vein structure to the San Martin breccias.

• The SAM vein was discovered in late 2009, in the 29 area.

• The San Martin footwall zone was discovered in 2012, and continues to be explored and exploited.

21

EXPLORATION THE NEW FRONTIER

• We have gained increasing knowledge of the San Martin mineral system.

• The San Martin mine occupies less than 8% of owned property - virtually unexplored, since acquisition.

• The indicated mineral trend to the north/northwest remains open for a potential 7kms further on our claims.

• There is potential for a parallel structure to the east.

• Deposit is open at depth – to date, geological experts have not determined a depth limit for mineralization.

22

San Martin Exploration Plan

23

CERRO AZUL

24

CERRO AZUL

25

CERRO AZUL

26

WHY STARCORE?TSX: SAM VFK: V4J

• Operational Efficiency.

• Profitable & Cash Flow Growth.

• Debt Free.

• Exploration Upside without Share Dilution.

• Dedicated Management and Employees.

27

Share Structure

TSX:SAM VFK:V4J

Issued and Outstanding 143,515,465

Options 18,600,000

Fully Diluted 162,115,465

28

TSX:SAM VFK:V4J

"Paying off the debt in an environment marked by economic strains, and severe market deterioration is a tremendous achievement. What we have accomplished is the sum of everyone's efforts, from our Board of Directors and management, to our technical advisors and all of our employees at head office and the mine site.”