An anonymous director reports

SILVERCORP DECLARES SEMI-ANNUAL DIVIDEND OF US$0.0125 PER SHARE

Silvercorp Metals Inc.'s board of directors has declared a semi-annual dividend of 1.25 U.S. cents per share to be paid to all shareholders of record at the close of business on June 4, 2021, with a payment date of the dividend scheduled on or before June 25, 2021.

The dividends are considered eligible dividends for Canadian tax purposes.

The declaration and payment of future dividends are at the discretion of the board of directors and any future decision to pay dividends will be based on a number of factors, including commodity prices, market conditions, financial results, cash flows from operations, expected cash requirements and other relevant factors.

About Silvercorp Metals Inc.

Silvercorp is a profitable Canadian mining company producing silver, lead and zinc metals in concentrates from mines in China. The company's goal is to continuously create healthy returns to shareholders through efficient management, organic growth and the acquisition of profitable projects. Silvercorp balances profitability, social and environmental relationships, employee well-being, and sustainable development.

We seek Safe Harbor.