NYSE American:SVM $2.89 +0.03 TSX:SVM $3.58 -0.01

News & Media

2010

Silvercorp's Form 40-F Available On Website

July 16, 2010

VANCOUVER, British Columbia – Silvercorp Metals Inc. (“Silvercorp” or the “Company”) has filed its Annual Report on Form 40-F for the year ended March 31, 2010, via EDGAR to the U.S. Securities and Exchange Commission on June 24, 2010.  The Form 40-F has been posted on the company's website at www.silvercorp.ca under the Annual Reports webpage in the Financials section. Upon request, free of charge, shareholders may receive a hard copy of the Form 40-F.

About Silvercorp Metals Inc.

Silvercorp Metals Inc. is engaged in the acquisition, exploration, development and mining of high-grade silver-related mineral properties in China and Canada. Silvercorp is the largest primary silver producer in China through the operation and development of four silver-lead-zinc mines at the highly profitable Ying Mining Camp in the Henan Province of China. The Company is also applying for a mining permit at the GC property in the Guangdong Province to establish a second base for production in China. Additionally, Silvercorp recently acquired the Silvertip project in northern British Columbia, Canada, as an additional platform for growth and geographic diversification. The Company’s shares are traded on the New York Stock Exchange and Toronto Stock Exchange and are included as a component of the S&P/TSX Composite and the S&P/TSX Global Mining Indexes.

For further information: SILVERCORP METALS INC., Rui Feng, Chairman & CEO and Lorne Waldman, Corporate Secretary, Phone: (604) 669-9397, Fax: (604) 669-9387, Toll Free 1(888) 224-1881, E-mail: investor@silvercorp.ca, Website: www.silvercorp.ca.

CAUTIONARY DISCLAIMER -- FORWARD LOOKING STATEMENTS

Statements in this press release other than purely historical factual information, including statements relating to permitting, the Company’s future plans and objectives, expected production levels and capital expenditures constitute forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company’s business, including risks inherent in mineral exploration, development, and mining.  Some production projections may be based not on mineral reserves but on mineral resources which do not have demonstrated economic viability.  There can be no assurance that such forward-looking statements, including those in the outlook section, will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on such statements. Except in accordance with applicable securities laws, the Company expressly disclaims any obligation to update any forward-looking statements or forward-looking statements that are incorporated by reference herein.

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