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SVM.TO ·

Silvercorp Donates Personal Protective Equipment to Vancouver Coastal Health

Corporate Updates

NEWS RELEASE

Trading Symbol: TSX/NYSE AMERICAN: SVM

SILVERCORP DONATES PERSONAL PROTECTIVE EQUIPMENT TO

VANCOUVER COASTAL HEALTH

VANCOUVER, British Columbia – April 2, 2020 – Silve rcorp Metals Inc. (“Silvercorp” or the “Company”)

(TSX/NYSE American: SVM) announces that last week i ts Chairman and CEO, Dr. Rui Feng, secured and

shipped from Silvercorp’s Beijing office, a donation of personal protective equipment, which was received by

Vancouver General Hospital and Vancouver Coastal Health on March 30, 2020.

The shipment consisted of 17,000 3M N95 respirator masks, 100,000 pairs of medical gloves, 1,000 protective

bodysuits, and 540 goggles, donated as part of Silv ercorp’s effort to reduce the significant risks fac ed every

day by front-line healthcare workers in Vancouver-area hospitals as they combat COVID-19.

About Silvercorp

Silvercorp is a profitable Canadian mining company producing silver, lead and zinc metals in concentra tes

from mines in China. The Company’s goal is to conti nuously create healthy returns to shareholders thro ugh

efficient management, organic growth and the acquis ition of profitable projects. Silvercorp balances

profitability, social and environmental relationships, employees’ wellbeing, and sustainable development. For

more information, please visit our website at www.silvercorp.ca.

For further information

Silvercorp Metals Inc.

Lon Shaver

Vice President

Phone: (604) 669-9397

Toll Free 1(888) 224-1881

Email: [email protected]

Website: www.silvercorp.ca

CAUTIONARY DISCLAIMER - FORWARD LOOKING STATEMENTS

Certain of the statements and information in this p ress release constitute “forward-looking statements ” within the meaning of

the United States Private Securities Litigation Ref orm Act of 1995 and “forward-looking information” w ithin the meaning of

applicable Canadian provincial securities laws. Any statements or information that express or involve discussions with respect to

predictions, expectations, beliefs, plans, projecti ons, objectives, assumptions or future events or pe rformance (often, but not

always, using words or phrases such as “expects”, “ is expected”, “anticipates”, “believes”, “plans”, “ projects”, “estimates”,

“assumes”, “intends”, “strategies”, “targets”, “goa ls”, “forecasts”, “objectives”, “budgets”, “schedul es”, “potential” or

variations thereof or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or

be achieved, or the negative of any of these terms and similar expressions) are not statements of hist orical fact and may be

forward-looking statements or information. Forward-looking statements or information relate to, among other things: the price

of silver and other metals; the accuracy of mineral resource and mineral reserve estimates at the Comp any’s material

properties; the sufficiency of the Company’s capita l to finance the Company’s operations; estimates of the Company’s revenues

and capital expenditures; estimated production from the Company’s mines in the Ying Mining District; ti ming of receipt of

permits and regulatory approvals; availability of funds from production to finance the Company’s operations; and access to and

availability of funding for future construction, use of proceeds from any financing and development of the Company’s properties.

Forward-looking statements or information are subject to a variety of known and unknown risks, uncertainties and other factors

that could cause actual events or results to differ from those reflected in the forward-looking statem ents or information,

including, without limitation, risks relating to: f luctuating commodity prices; calculation of resourc es, reserves and

mineralization and precious and base metal recovery ; interpretations and assumptions of mineral resour ce and mineral reserve

estimates; exploration and development programs; fe asibility and engineering reports; permits and lice nses; title to properties;

property interests; joint venture partners; acquisi tion of commercially mineable mineral rights; finan cing; recent market events

and conditions; economic factors affecting the Comp any; timing, estimated amount, capital and operatin g expenditures and

economic returns of future production; integration of future acquisitions into the Company’s existing operations; competition;

operations and political conditions; regulatory env ironment in China and Canada; environmental risks; foreign exchange rate

fluctuations; insurance; risks and hazards of minin g operations; key personnel; conflicts of interest; dependence on

management; internal control over financial reporti ng as per the requirements of the Sarbanes-Oxley Ac t; and bringing actions

and enforcing judgments under U.S. securities laws.

This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statem ents or information.

Forward-looking statements or information are state ments about the future and are inherently uncertain , and actual

achievements of the Company or other future events or conditions may differ materially from those refl ected in the forward-

looking statements or information due to a variety of risks, uncertainties and other factors, includin g, without limitation, those

referred to in the Company’s Annual Information For m for the year ended March 31, 2019 under the headin g “Risk Factors”.

Although the Company has attempted to identify impo rtant factors that could cause actual results to di ffer materially, there

may be other factors that cause results not to be a s anticipated, estimated, described or intended. A ccordingly, readers should

not place undue reliance on forward-looking statements or information.

The Company’s forward-looking statements and information are based on the assumptions, beliefs, expectations and opinions of

management as of the date of this press release, and other than as required by applicable securities laws, the Company does not

assume any obligation to update forward-looking sta tements and information if circumstances or managem ent’s assumptions,

beliefs, expectations or opinions should change, or changes in any other events affecting such stateme nts or information. For

the reasons set forth above, investors should not place undue reliance on forward-looking statements and information.