SVM.TO · 2020-03-12 12:00:00

Silvercorp Provides Status Update ON Operations

Corporate Updates

NEWS REL

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VANCOUV

(TSX/NYSE

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more info

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Silvercorp

Lon Shave

Vice Presid

Phone: (60

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ions with no

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es in China. T h

management,

ty, social and

rmation, pleas

er information

Metals Inc.

dent

04) 669‐9397

1(888) 224‐188

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www.silvercor

RY DISCLAIMER

he statements a

States Private S

Canadian provin

expectations, b

NYSE AMERIC

SILVERCORP

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reportable inc

ansmission of

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‐ FORWARD LOO

and information

Securities Litigat

cial securities la

beliefs, plans, pr

AN: SVM

P PROVIDES S

arch 12, 2020

d to report t h

cidents, and i n

COVID‐19.

GC mines ha d

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dustries back

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spects of its o

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mining compa

s goal is to c o

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OKING STATEM

in this press re l

tion Reform Act

ws. Any stateme

rojections, objec

STATUS UPDA

0 – Silvercorp

hat since mid ‐

n full complia

d achieved 9 4

with an inv e

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any producing

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ENTS

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t of 1995 and “f

ents or informat

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ATE ON OPER

p M e t a l s I n c .

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nce with gov e

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entory of su p

, Silvercorp d o

terprises affec

l welfare fund

d remains focu

g silver, lead

reate healthy

of profitabl e

’ wellbeing, a

“forward‐lookin

“forward‐looking

tion that express

ions or future e

RATIONS

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Ying and GC m

ernment mea

d mining and d

pplies exceed

oes not antici

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d contribution

used on doing

and zinc met

returns to sh

e projects. S

nd sustainable

ng statements”

g information” w

s or involve discu

events or perfor

or the “Com p

mines have r a

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pate any sho

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

“assumes”, “intends”, “strategies ”, “targets”, “goals”, “foreca sts”, “objectives”, “budgets”, “schedules”, “potential” or

variations thereof or stating that certain actions, events or r esults “may”, “could”, “would”, “might” or “will” be taken, occ ur or

be achieved, or the negative of any of these terms and similar expressions) are not statements of historical 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 a ccuracy of mineral resource an d mineral reserve estimates at the Company’s material

properties; the sufficiency of the Company’s capital to finance the Company’s operations; estim ates of the Company’s revenues

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

permits and regulatory approvals; availability of funds from pr oduction 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 statements or information,

including, without limitation, risks relating to: fluctuating c ommodity prices; calculation of resources, reserves and

mineralization and precious and base metal recovery; interpreta tions and assumptions of mineral resource and mineral reserve

estimates; exploration and develo pment programs; feasibility an d engineering reports; permits and licenses; title to propertie s;

property interests; joint ventur e partners; acquisition of comm ercially mineable mineral rights; financing; recent market even ts

and conditions; economic factors affecting the Company; timing, estimated amount, capital and operating expenditures and

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

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

fluctuations; insurance; risks and hazards of mining operations ; key personnel; conflicts o f interest; dependence on

management; internal control over financial reporting as per th e requirements of the Sarbanes‐Ox ley Act; 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 or information.

Forward‐looking statements or information 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 or information due to a variety of risks, un certainties and other factors, i ncluding, without limitation, t hose

referred to in the Company’s Annual Information Form for the year ended March 31, 2019 under the heading “Risk Factors”.

Although the Company has attempted to identify important factors that could cause actual results to differ materially, there

may be other factors that cause results not to be as anticipate d, estimated, described or inte nded. Accordingly, readers shou ld

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 statements and information if circumstances or management’s assumptions,

beliefs, expectations or opinio ns should change, or changes in any other events affecting such statements or information. For

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

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