Starcore International Ventures Ltd.
TSX VENTURE : SAM

Starcore International Ventures Ltd.

January 26, 2007 18:17 ET

Starcore Funds Released for Acquisition of the San Martin Mine

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 26, 2007) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Starcore International Ventures Ltd. (the "Company") (TSX VENTURE:SAM) announces that it has met the escrow release conditions of its $18.7 million financing, including entering into a definitive agreement regarding the acquisition of the San Martin Mine (the "Transaction") and receipt of Exchange acceptance of the Transaction and the related financing. Consequently, all of the escrowed funds have now been released to the Company to close the acquisition by Starcore of the San Martin Mine from Luismin S.A. de C.V., a wholly owned subsidiary of Goldcorp Inc. (TSX:G)(NYSE:GG). (See previous press releases.)

"We thank all of our shareholders for their continued support," said Robert Eadie, President of Starcore. "Without them, we would not have been able to persist in our endeavour to acquire this asset for the Company."

ON BEHALF OF STARCORE INTERNATIONAL VENTURES LTD.

Robert Eadie, Chief Executive Officer and Director

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

The TSX Venture Exchange has not reviewed nor does it accept responsibility for the adequacy or accuracy of this press release.

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