An anonymous director reports

SILVERCORP REPORTS 2021 AGM RESULTS

All matters submitted to shareholders for approval as set out in Silvercorp Metals Inc.'s notice of meeting and information circular, both dated Aug. 13, 2021, were approved by the requisite majority of votes cast at Silvercorp's annual general meeting (AGM) held on Friday, Sept. 24, 2021. A total of 98,998,647 common shares, representing 56.20 per cent of the votes attached to all outstanding shares as at the record date for the meeting, were represented at the AGM. The details of the voting results for the election of directors are set out in the associated table.

                                           Votes for                            Withheld      
Director                    Number        Percentage            Number        Percentage

Dr. Rui Feng            72,835,254            96.95%         2,294,105             3.05%
S. Paul Simpson         69,826,639            92.94%         5,302,720             7.06%
David Kong              67,974,300            90.48%         7,155,059             9.52%
Yikang Liu              73,437,660            97.75%         1,691,699             2.25%
Marina Katusa           73,402,578            97.70%         1,726,781             2.30%
  

Shareholders also approved the reappointment of Deloitte LLP as auditor of the company for the ensuing year. Final results for all matters voted on at the AGM will be filed on SEDAR and on the company's website.

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, employees' well-being, and sustainable development.