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SVM.TO ·

Silvercorp to Announce Year-End Results for Fiscal Year Ending

Financials

NEWS RELEASE

Trading Symbol: TSX/NYSE American: SVM

Silvercorp to Announce Year-End Results for Fiscal Year Ending March 31, 2019 on May 23

VANCOUVER, British Columbia – May 9, 2019 – Silvercorp Metals Inc. ("Silvercor p” or the

“Company”) (TSX/NYSE American: SVM) will release it s audited financial and operating results

for the fiscal year ended March 31, 2019 on Thursday, May 23, 2019 after 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 valu e by focusing on the acquisition of

underdeveloped 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 p ress release constitute “forward-looking statements ” within the

meaning of the United States Private Securities Lit igation Reform Act of 1995 and “forward-looking inf ormation”

within the meaning of applicable Canadian provincia l securities laws. Any statements or information th at express or

involve discussions with respect to predictions, ex pectations, beliefs, plans, projections, objectives , assumptions or

future events or performance (often, but not always , using words or phrases such as “expects”, “is exp ected”,

“anticipates”, “believes”, “plans”, “projects”, “es timates”, “assumes”, “intends”, “strategies”, “targ ets”, “goals”,

“forecasts”, “objectives”, “budgets”, “schedules”, “potential” or variations thereof or stating that c ertain actions,

events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the ne gative of any of

these terms and similar expressions) are not statem ents of historical fact and may be forward-looking statements or

information. Forward-looking statements or informa tion relate to, among other things: the price of si lver and other

metals; the accuracy of mineral resource and minera l reserve estimates at the Company’s material prope rties; the

sufficiency of the Company’s capital to finance the Company’s operations; estimates of the Company’s r evenues 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 f unds from production to finance the Company’s opera tions; and

access to and availability of funding for future co nstruction, use of proceeds from any financing and development of

the Company’s properties.

Forward-looking statements or information are subje ct to a variety of known and unknown risks, uncerta inties 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, risk s relating to: fluctuating commodity prices; calcul ation of resources,

reserves and mineralization and precious and base m etal recovery; interpretations and assumptions of m ineral

resource and mineral reserve estimates; exploration and development programs; feasibility and engineer ing reports;

permits and licenses; title to properties; property interests; joint venture partners; acquisition of commercially

mineable mineral rights; financing; recent market e vents and conditions; economic factors affecting th e Company;

timing, estimated amount, capital and operating expenditures and economic returns of future production; integration

of future acquisitions into the Company’s existing operations; competition; operations and political c onditions;

regulatory environment in China and Canada; environmental risks; foreign exchange rate fluctuations; insurance; risks

and hazards of mining operations; key personnel; co nflicts of interest; dependence on management; inte rnal control

over financial reporting as per the requirements of the Sarbanes-Oxley Act; and bringing actions and e nforcing

judgments under U.S. securities laws.

This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statem ents or

information. Forward-looking statements or informa tion are statements about the future and are inhere ntly

uncertain, and actual achievements of the Company o r other future events or conditions may differ mate rially from

those reflected in the forward-looking statements o r information due to a variety of risks, uncertaint ies and other

factors, including, without limitation, those referred to in the Company’s Annual Information Form for the year ended

March 31, 2018 under the heading “Risk Factors”. Although the Company has attempted to identify important factors

that could cause actual results to differ materiall y, there may be other factors that cause results no t to be as

anticipated, estimated, described or intended. Acc ordingly, readers should not place undue reliance o n forward-

looking statements or information.

The Company’s forward-looking statements and inform ation are based on the assumptions, beliefs, expect ations 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 updat e forward-looking statements and information if circumstances

or management’s assumptions, beliefs, expectations or opinions 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.