SVM.TO · 2020-06-10 12:00:00

Silvercorp Elects Not to Match Superior Proposal FOR Guyana Goldfields

Mergers & Acquisitions

NEWS REL

Trading Sy

VANCOUV

(TSX/NYSE

press rele

elected no

Goldfields

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About Silv

Silvercorp

from mine

efficient m

profitabilit

more info

For furthe

Silvercorp

Lon Shave

Vice Presid

Phone: (60

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Website: w

CAUTIONAR

Certain of t h

the United

applicable C

express or i

future even

“believes”,

“budgets”,

“would”, “m

statements

things: the

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revenues an

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operations;

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LEASE

ymbol TSX /

SILVERCORP E

VER, British C

E American: S V

ase of June 3

ot to exercise

s s h a r e h o l d er

nt”). In the ev

tion fee of C$9

vercorp

is a profitab

es in China. T h

management,

ty, social and

rmation, pleas

er information

Metals Inc.

dent

04) 669‐9397

1(888) 224‐188

estor@silverc

www.silvercor

RY DISCLAIMER

he statements a

States Private S

Canadian provin

involve discussio

ts or performan

“plans”, “projec

“schedules”, “p

might” or “will” b

of historical fa

price of silver a

operties; the su f

nd capital expen

ng of receipt of

and access t o

nt of the Compan

/NYSE AMERIC

ELECTS NOT T

Columbia – J u

VM) announc

3, 2020 annou

e i t s “ r i g h t to

rs under its

vent Guyana G

9.0 million con

le Canadian m

he Company’s

, o r g a n i c g ro

environmenta

se visit our we

orp.ca

rp.ca

‐ FORWARD‐LO

and information

Securities Litigat

cial securities l a

ons with respect

nc e ( o f t e n , b u t n

cts”, “estimates

potential” or va

be taken, occur o

c t a n d m a y b e

nd other metal s

fficiency of the C

nditures; estima

permits and reg

o and availabil i

ny’s properties.

CAN: SVM

TO MATCH SU

une 10, 2020

ced today tha t

uncing receipt

o m a t c h ” a nd

arrangement

Goldfields term

ncurrent with

mining compa

s goal is to c o

owth and th e

al relationship

ebsite at www

OKING STATEM

in this news re l

tion Reform Act

aws (collectively,

t to predictions,

not always, usin

s”, “assumes”, “

riations thereof

or be achieved,

forward‐looking

s; the accuracy o

Company’s capit

ated production

gulatory approv

ity of funding f

UPERIOR PRO

– Silvercorp

t, further to G

t of a superio

d w i l l n o t i nc

agreement

minates the Ar

such termina

any producing

ontinuously cr

e a c q u i s i t i o n

ps, employees

w.silvercorp.ca

MENTS

lease constitute

t of 1995 and “f

y, “forward‐looki

, expectations, b

ng words or phr

“intends”, “strat

f o r s t a t i n g t ha

or the negative

g s t a t e m e n t s .

of mineral reso u

tal to finance t h

from the Comp

vals; availability

for future con s

OPOSAL FOR

Metals Inc. (

Guyana Goldfi

or proposal fr

crease the co

with Guyana

rrangement A

ation.

g silver, lead

reate healthy

of profitabl e

’ wellbeing, a

“forward‐lookin

“forward‐looking

ing statements”

beliefs, plans, p

rases such as “e

tegies”, “target

at certain action

of any of these

Forward‐looking

urce and miner a

he Company’s o p

pany’s mines in

y of funds from

struction, use o

GUYANA GO

(“Silvercorp” o

ields Inc.’s (“ G

o m a t h i r d pa

onsideration p

a Goldfields (

Agreement, Silv

and zinc met

returns to sh

e projects. S

nd sustainable

ng statements”

g information” w

”). Any stateme n

projections, obje

ex p e c t s ” , “ i s e xp

ts”, “goals”, “fo

ns , e v e n t s o r re

terms and simila

g statements re

al reserve estim a

perations; estim

n the Ying Minin

production to f

of proceeds fr o

OLDFIELDS

or the “Comp

Guyana Goldfi

arty, Silvercor

payable to G

(the “Arrang e

vercorp will re

als in concen

areholders th

Silvercorp ba l

e developmen

within the mea

within the mean

nts or informati o

ectives, assumpt

pected”, “anticip

orecasts”, “objec

esults “may”, “

ar expressions) a

el a t e t o , a m o ng

ates at the Co m

mates of the Co m

ng District and

finance the Com

om any financi n

pany”)

ields”)

rp has

uyana

ement

eceive

ntrates

rough

lances

nt. For

ning of

on that

tions or

pates”,

ctives”,

“could”,

are not

g o t h e r

mpany’s

the GC

mpany’s

ng and

Forward‐looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could

cause actual events or results to d i f f e r f r o m t h o s e r e f l e c t e d in the forward‐looking statements, including, without limitation,

risks relating to: global economic and social impact of COVID‐1 9; fluctuating commodity prices ; calculation of resources,

reserves and mineralization and precious and base metal recovery; interpretations and assumptions of mineral resource and

mineral reserve estimates; exploration and development programs; feasibility and engineering reports; permits and licences;

title to properties; property interests; joint venture partners; acquisition of commercially mineable mineral rights; financing;

recent market events and conditions; economic factors affecting the Company; timing, estimated amount, capital and operating

expenditures and economic returns of future production; integra t i o n o f f u t u r e a c q u i s i t i o n s i n t o t h e C o m p a n y ’ s e x i s t i n g

operations; competition; operations and political conditions; r egulatory environment in China and Canada; environmental risks;

foreign exchange rate fluctuations; insurance; risks and hazards of mining operations; key personnel; conflicts of interest;

dependence on management; internal control over financial reporting; 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 statements. Forward‐looking

statements are statements about the future and are inherently uncertain, and actual achievements of the Company or other

future events or conditions may differ materially from those reflected in the forward‐looking statements due to a variety of risks,

uncertainties and other factors, including, without limitation, those referred to in the Company’s Annual Information Form under

the heading “Risk Factors”. Although the Company has attempted to identify important factors that could cause actual results

t o d i f f e r m a t e r i a l l y , t h e r e m a y b e o t h e r f a c t o r s t h a t c au s e r e sults not to be as anticipated, estimated, described or intended.

Accordingly, readers should not place undue reliance on forward‐looking statements.

The Company’s forward‐looking statements are based on the assumptions, beliefs, expectations and opinions of management as

of the date of this news relea se, and other than as required by applicable securities laws, the Company does not assume any

obligation to update forward‐looking statements if circumstance s or management’s assumptions, beliefs, expectations or

opinions should change, or changes in any other events affecting s u c h s t a t e m e n t s . F o r t h e r e as o n s s e t f o r t h ab o v e , i n v e s t o r s

should not place undue reliance on forward‐looking statements.

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