Silvercorp Considering Perseus Announcements

Trading Symbol:        TSX: SVM
NYSE AMERICAN: SVM

VANCOUVER, British Columbia – November 30, 2023 – Silvercorp Metals Inc. (“Silvercorp” or the “Company”) (TSX/NYSE American: SVM) notes the announcements made by Perseus Mining Limited (“Perseus”) (ASX/TSX: PRU) in relation to its acquisition of a 19.9% interest in OreCorp Limited (“OreCorp”) (ASX: ORR).  Silvercorp is considering these announcements to determine an appropriate course of action in the best interests of Silvercorp shareholders.