Starrex International, Ltd ('Starrex') provides today an update on COVID-19 matters and an update on the status of the filing of its annual financial statements and accompanying management's discussion and analysis, and related CEO and CFO certifications for the financial year ended December 31, 2019.

The COVID-19 pandemic is creating unprecedented challenges to the global economy and stock markets. Starrex's Board of Directors and Management are taking all necessary precautions to ensure the health of its employees and best manage the short-term challenges to the business. On March 18, 2020, the Canadian Securities Administrators ('CSA') issued a notice stating that securities regulators will be providing coordinated relief consisting of a 45-day extension for certain periodic filings required to be made on or prior to June 1, 2020 as a result of the COVID-19 pandemic. As such the Ontario Securities Commission ('OSC') has enacted Ontario Instrument 51-502 Temporary Exemption from Certain Corporate Finance Requirements ('OSC 51-502'). Starrex will be relying on this extension period due to delays experienced as result of the COVID-19 pandemic.

About Starrex International, Ltd.

Starrex provides innovative service solutions to mortgage banks and purchasers of resident real estate throughout the United States. Property Interlink, LLC, a wholly owned subsidiary acquired in 2014, is a licensed appraisal management company ('AMC') providing objective and comprehensive evaluations of residential real estate in 40 states and jurisdictions across the United States. MFI Credit Solutions, LLC, a wholly owned subsidiary acquired during the first quarter of 2018, is a licensed credit reporting agency providing consumer credit reports to mortgage lenders for homebuyers considering the purchase of a new home. Starrex shares are traded on the Canadian Securities Exchange http://thecse.com, symbol 'STX', and on the OTC QB market http://www.otcmarkets.com/home in the United States symbol 'STXMF'.

Contact:

Tel: (281) 406-8621

Email: dmerritt@starrexintl.com.

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