Mr. Lon Shaver reports

HELEN CAI JOINS SILVERCORP BOARD

Silvercorp Metals Inc. has appointed Helen Cai to its board as an independent director.

Ms. Cai is a finance and investment professional with over two decades of experience, she is extensively versed in capital markets and all aspects of corporate finance from strategic planning to M&A (merger and acquisition) transactions. Ms. Cai is currently an independent director of Barrick Gold Corp. and Largo Inc. and, most recently, worked as a managing director with China International Capital Corp. until the spring of 2021. Prior to this, Ms. Cai worked as a research analyst with the Goldman Sachs Group covering American mining and technology sectors and was highly ranked by the StarMine analyst ranking service. As a lead research analyst at China International Capital, Ms. Cai was ranked as best analyst by Institutional Investor and Asia Money in its China research sector polls for multiple years when covering Hong Kong- and China-listed companies. The landmark cross-border financing and M&A transactions she led subsequently as a senior investment banker also won various awards from Asia Money and The Asset. Ms. Cai is a chartered financial analyst and chartered alternative investment analyst and was educated at Tsinghua University in China and the Massachusetts Institute of Technology in the United States, where she received two master's degrees and multiple fellowship awards.

Silvercorp's chief executive officer and chair, Dr. Rui Feng, stated: "We are very pleased to welcome Ms. Cai to our board. Helen is a distinguished finance and investment professional and brings a wealth of knowledge and expertise in capital markets, strategic planning, and M&A to our organization. We look forward to her valuable contributions in our ongoing merger and acquisition efforts to unlock value for our shareholders."

About Silvercorp Metals Inc.

Silvercorp is a Canadian mining company producing silver, gold, lead and zinc with a long history of profitability and growth potential. The company's strategy is to create shareholder value by 1) focusing on generating free cash flow from long life mines; 2) organic growth through extensive drilling for discovery; 3) continuing merger and acquisition efforts to unlock value; and 4) long-term commitment to responsible mining and ESG (environmental, social and governance).

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