The TSX Venture Exchange has accepted for filing documentation in connection with an arrangement agreement between Adventus Mining Corp. and Silvercorp Metals Inc., dated April 26, 2024. Pursuant to the agreement, Silvercorp agreed to acquire all of the issued and outstanding common shares of Adventus by way of a plan of arrangement under the provisions of the Canada Business Corporations Act. Under the agreement, each Silvercorp shareholder, other than Silvercorp, received 0.1015 common share of Silvercorp for each common share of Adventus held.

The exchange has been advised that approval of the transaction by the Adventus shareholders was received at a special meeting of shareholders held on June 26, 2024, and that approval of the transaction was received from the Ontario Superior Court of Justice on July 2, 2024. The transaction was completed on July 31, 2024. The full particulars of the transaction are set forth in the management information circular of Adventus, dated as of May 21, 2024, which is available under the Adventus profile on SEDAR+.

Delisting

In conjunction with the closing of the transaction, Adventus has requested that its common shares be delisted. Accordingly, effective at the close of business, Tuesday, Aug. 6, 2024, the common shares of Adventus will be delisted from the exchange.

Insider/pro group participation:  Prior to the entry into of the agreement, Adventus and Silvercorp were at arm's length. Silvercorp was an insider at the time of closing of the transaction.