SVM.TO · 2017-10-02 12:00:00

Silvercorp Reports 2017 Agm Results Announces Appointment of New Director

Management Changes Shareholder Meetings

NEWS RELEASE

Trading Symbol: TSX: SVM

NYSE AMERICAN: SVM

SILVERCORP REPORTS 2017 AGM RESULTS

ANNOUNCES APPOINTMENT of NEW DIRECTOR

VANCOUVER, British Columbia – October 2, 2017 – Silvercorp Metals Inc. (“Silvercorp” or the

“Company”) (TSX/NYSE AMERICAN: SVM) is pleased to report that all matters placed before the

shareholders at its Annual General Meeting (“AGM”) held on Friday, Septe mber 29, 2017 were

approved. A total of 97,309,713 common shares, representing 57.93% of the votes attached to

all outstanding shares as at the record date for the meeting, were represented at the AGM. All

of the matters submitted to the shareholders for approval as set out in the Company's Notice of

Meeting and Information Circular, both dated August 10, 2017, were approved by the requisite

majority of votes cast at the AGM. The details of the voting results for the election of directors

are set out below:

Votes For Withheld Votes

Director # % # %

Dr. Rui Feng 56,363,605 98.71 737,728 1.29

S. Paul Simpson 55,016,549 96.35 2,084,783 3.65

David Kong 55,002,086 96.32 2,099,246 3.68

Yikang Liu 56,473,524 98.90 627,808 1.10

Shareholders also approved: (i) the re -appointment of Deloitte LLP as auditors of the Company

for the ensuing year at the remuneration to be fixed by the directors . Final results for all

matters voted on at the AGM will be file d on SEDAR at www.sedar.com and on the Company's

website.

Appointment of Marina A. Katusa to the Board of Directors.

Silvercorp is pleased to announce the appointment of Marina A. Katusa to its board of

Directors. Ms. Katusa has over ten years of business experience in areas including

mineral exploration, research analysis, strategic planning, and corporate development. She

earned a Masters of Business Administration (MBA) degree and a Bachelor of Science (BSc)

degree in Geology/Earth & Ocean Science from the University of British Columbia.

About Silvercorp

Silvercorp is a low-cost silver-producing Canadian mining company with multiple mines in China.

The Company’s vision is to deliver shareholder value by focusing o n the acquisition of under

developed projects with resource potential and the ability to grow organically. For more

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

For further information

Lorne Waldman

Senior Vice President

Silvercorp Metals Inc.

Phone: (604) 669-9397

Toll Free: 1(888) 224-1881

Website: www.silvercorpmetals.com