SVM Silvercorp Metals Inc

Silvercorp Metals Inc. (TSX:SVM) (NYSE AMERICAN:SVM) (“Silvercorp” or the “Company”) announces that to date it has acquired 1,717,100 of its common shares at an average price paid per common share of CDN $3.07 through the facilities of the TSX, pursuant to its normal course issuer bid announced November 23, 2017 (“the Buyback Program”).  All common shares acquired in the Buyback Program will be cancelled.

About Silvercorp Metals Inc.

Silvercorp is a low-cost silver-producing Canadian mining company with multiple mines in China.   The Company’s vision is to deliver shareholder value by focusing on the acquisition of under developed projects with resource potential and the ability to grow organically.  For more information, please visit our website at www.silvercorpmetals.com.

Investor Contact

Lorne WaldmanSenior Vice PresidentSilvercorp Metals Inc.

Phone: (604) 669-9397Toll Free 1(888) 224-1881Email: investor@silvercorp.ca Website: www.silvercorp.ca.