Silvercorp Announces Filing of Updated Technical Report for the GC Mine

Trading Symbols: TSX/NYSE American: SVM

VANCOUVER, British Columbia  – September 16, 2024 – Silvercorp Metals Inc. (“Silvercorp” or the “Company”) (TSX/NYSE American: SVM) announces that, further to its news release dated August 27, 2024 (the “Release”), it has filed an updated technical report for the Gaocheng Mine titled “Technical Report on Gaocheng Silver-Lead-Zinc Project in Guangdong Province, China” (the “Technical Report”). The Technical Report is effective June 30, 2024 and was prepared by SRK Consulting China Ltd.

The Technical Report was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) and can be found on the Company’s website at www.silvercorpmetals.com and under the Company’s profile at www.sedarplus.ca.

There are no material differences in the information in the Technical Report and the information contained in the Release.