NYSE American:SVM $2.8 -0.17 TSX:SVM $3.47 -0.11

News & Media

2011

Silvercorp to Announce Fourth Quarter Results & Hold Analyst Conference Call

VANCOUVER, British Columbia – April 28, 2011 – Silvercorp Metals Inc. ("Silvercorp") plans to release its unaudited fourth quarter results for the period ended March 31, 2011, on Wednesday, May 11, 2011, after the close of the market.

Silvercorp's management will hold a conference call on Thursday, May 12, 2011, at 8:00 a.m. PT/11:00 a.m. ET to discuss the results with analysts. Shareholders, media and interested investors are invited to listen to the live conference call over the internet by going to www.silvercorp.ca and clicking on the conference call link on the home page or over the phone by dialing (612) 288-0329 just prior to the starting time. Analysts who wish to receive the toll-free dial-in number for this conference call are invited to contact Silvercorp at (604) 669-9397 or via email to investor@silvercorp.ca no later than 2:00 p.m. PT on Wednesday, May 11, 2011. All participants will be asked to register with the conference call operator.

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 of the four silver-leadzinc mines at the Ying Mining Camp in the Henan Province of China. The Company is developing its GC silver-lead-zinc mine in the Guangdong Province and recently acquired the BYP gold-lead-zinc mine in Hunan province. In Canada, Silvercorp is preparing to apply for a Small Mine Permit for the Silvertip high grade silver-lead-zinc mine project in northern British Columbia to provide a further 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 & Lorne Waldman, Corporate
Secretary Phone:(604) 669-9397, Toll Free Phone: 1-888-224-1881 Fax: (604) 669-9387, Email:
info@silvercorp.ca, website: www.silvercorp.ca.

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