Silvercorp Declares Semi-Annual Dividend of US$0.0125 per Share

Trading Symbol:        TSX: SVM
NYSE AMERICAN: SVM

VANCOUVER, British Columbia – May 26, 2023 – Silvercorp Metals Inc. (“Silvercorp” or the “Company”) (TSX / NYSE American: SVM) is pleased to announce that its Board of Directors declared a semi-annual dividend of US$0.0125 per share to be paid to all shareholders of record at the close of business on June 12, 2023, with a payment date of the dividend scheduled on or before June 29, 2023.

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 a number of factors including commodity prices, market conditions, financial results, cash flows from operations, expected cash requirements and other relevant factors.