SILVERCORP METALS INC.

Silvercorp Metals announced an updated mineral resource estimate for its GC silver-lead-zinc project located in the Guangdong Province, Southern China. The resources consist of a Measured resources of 374,000 tonnes at 233g/t Ag, 1.83% Pb and 3.19% Zn, Indicated resources of 6.03 million tonnes at 132g/t Ag, 1.47% Pb and 3.35% Zn and an Inferred resources of 7.89 million tonnes with 121g/t Ag, 1.45% Pb and 2.70% Zn. Mineralization in the GC Project consists of narrow-vein type deposits which occur as discrete planes of variable grade and variable thickness.