Silvercorp Provides Status Update ON Operations

NEWS RELEASE

Trading Symbol: TSX/NYSE AMERICAN: SVM

SILVERCORP PROVIDES STATUS UPDATE ON OPERATIONS

VANCOUVER, British Columbia – February 18, 2020 – Silvercorp Metals Inc. (“Silvercorp” or the “Company”)

(TSX/NYSE American: SVM) reports that its Ying and GC mines have been approved by their respective loc al

municipal governments on February 17, 2020 to resume operations. Workers are returning to the mine sites

to restart work.

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