Mr. Lon Shaver reports

SILVERCORP REPORTS 2024 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. 12, 2024, were approved by the requisite majority of votes cast at Silvercorp's annual general meeting (AGM) held today. A total of 98,611,116 common shares, representing 45.55 per cent of the votes attached to all outstanding shares as at the record date for the meeting, were represented at the AGM. The voting results for the election of directors are set out in the attached table.

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 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) a long-term commitment to responsible mining and ESG (environmental, social and governance).