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SVM.TO ·

Silvercorp to Announce Third Quarter Results on February 14, 2019

Financials

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NEWS RELEASE

Trading Symbol: TSX: SVM

NYSE American: SVM

Silvercorp to Announce Third Quarter Results on February 14, 2019

VANCOUVER, British Columbia – January 30, 2019 – Silvercorp Metals Inc. ("Silvercorp” or the

“Company”) (TSX:SVM / NYSE AMERICAN: SVM) expects to release its unaudited financial and operating

results for the third quarter ended December 31, 2018 on Thursday, February 14, 2019 after the market

close.

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 on 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

Lon Shaver

Vice President

Silvercorp Metals Inc.

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 press release constitute “forward -looking statements” within the meaning of the United

States Private Securities Litigation Reform Act of 1995 and “forward -looking information” within the meaning of applicable Canadian provincial

securities laws. Any statements or information that express or involve discussions with respect to predictions, expectat ions, beliefs, plans,

projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “ expects”, “is

expected”, “anticipates”, “believes”, “plans”, “projects”, “estimates”, “assumes”, “intends”, “ strategies”, “targets”, “goals”, “forecasts”,

“objectives”, “budgets”, “schedules”, “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 negat ive 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; t he accuracy of mineral resource and mineral reserve estimates at the Company’s material properties; the

sufficiency of the Company’s capital to finance the Company’s operations; estimates of the Company’s revenues and capital exp enditures;

estimated production from the Company’s mines in the Ying Mining District; timing of receipt of permits and regulatory approvals; availabilit y

of funds from production to finance the Company’s operations; and access to and availability of funding for future constructi on, 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 c ould

cause actual events or results to diff er from those reflected in the forward -looking statements or information, including, without limitation,

risks relating to: 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 an d

engineering reports; permits and licenses; title to properties; property interests; joint venture partners; acquisition of comme rcially mineable

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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; integration of future acquisiti ons 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 per sonnel; conflicts of interest; dependence on management; internal

control over financial reporting as per the requirements of the Sarbanes -Oxley Act; and bringing actions and enforcing judgments under U.S.

securities laws.

This list is not exhaustive of th e 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 Compan y 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, uncertainties and other factors, including, without limitation, those referred to in the Company’s Annual Information Form for the year

ended March 31, 2017 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 anticipat ed, estimated, described or intended.

Accordingly, 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 op inions of management

as of the date of this press release, and other than as required by applicable securities laws, the Company does not assume a ny obligation to

update forward-looking statements and information if circumstances or management’s assumption s, beliefs, expectations or opinions should

change, or changes in any other events affecting such statements or information. For the reasons set forth above, investors s hould not place

undue reliance on forward-looking statements and information.