Mr. Lon Shaver reports

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

Silvercorp Metals Inc. 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 Nov. 29, 2024, with a payment date of the dividend scheduled on or before Dec. 13, 2024.

The dividends are considered eligible dividends for Canadian tax purposes.

The declaration and payment of future dividends is at the discretion of the board of directors and any future decision to pay dividends will be based on several 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 Canadian mining company producing silver, gold, lead and zinc with a long history of profitability and growth potential.

We seek Safe Harbor.