Mr. Lon Shaver reports

SILVERCORP ANNOUNCES FILING OF THE UPDATED MINERAL RESOURCE ESTIMATE FOR ITS CONDOR PROJECT

Further to Silvercorp Metals Inc.'s news release dated May 12, 2025, it has filed an updated mineral resource estimate for its Condor gold project titled: "Independent Technical Report for the Condor Project, Ecuador." The technical report is effective Feb. 28, 2025, and was prepared by SRK Consulting (Canada) Inc.

The technical report was prepared in accordance with National Instrument 43-101 -- Standards of Disclosure for Mineral Projects (NI 43-101) and can be found on the company's website and under the company's profile at SEDAR+ and EDGAR.

There are no material differences in the information in the technical report and the information contained in the release. The Condor project is not considered to be a material property of the company at this time and the MRE was prepared and filed by the company on a voluntary basis.

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).