Silvercorp Announces Management Appointments

Silvercorp Announces Management Appointments 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/08/12 -- Silvercorp
Metals Inc. ("Silvercorp" or the "Company") (TSX:SVM)(NYSE:SVM) today
announced a number of senior management appointments effective
The management appointments include the following: 
Shoayang Shen who previously held the position of Vice President,
Operations has been promoted to the position of Chief Operating
Officer of the Company. Since joining Silvercorp in January 2008, Mr.
Shen has proven himself to be a consistent performer and as a result
has progressed to more senior roles of responsibility within the
Company. Mr. Shen holds a Bachelors of Economics from Xiamen
University (China), a MBA from the National University of Singapore
and a Masters in Management and Professional Accounting from the
University of Toronto. 
Peter Torn has been promoted to the position of Corporate Secretary
and General Counsel for Silvercorp. Mr. Torn has 20 years' experience
with various companies in Europe, Asia and the US. He is a securities
and corporate commercial lawyer and a current member of the British
Columbia Law Society. Mr. Torn has been involved in a wide range of
corporate and securities matters, including mergers and acquisitions,
takeovers, corporate reorganizations, joint ventures, cross-border
transactions, stock exchange listings, initial public offerings,
public and private financings, and securities regulatory issues. He
has a MBA and LLB from the University of British Columbia. Lorne
Waldman has resigned from the Company as Corporate Secretary to
pursue other interests. The Company would like to thank Mr. Waldman
for his contributions during his time with Silvercorp and wishes him
the best with his future endeavours. 
Jonathan Hackshaw joined Silvercorp in July 2012 as Director,
Investor Relations for Silvercorp and will lead the Company's
investor relations and corporate communications functions. He was
most recently Director of Corporate Communications for Minefinders
Corporation Ltd. ("Minefinders") up to the acquisition of Minefinders
by Pan American Silver Corp. earlier this year. Prior to joining
Minefinders Mr. Hackshaw held management positions with companies in
the advertising and corporate communications service sector 
provided consultancy and support services to a number of mining
companies as well as companies in various other industries. He began
his career in the financial services sector and has a B.Sc. (Hons.)
in Accounting, Economics and Finance from Oxford Brookes University,
a M.Sc. in Management from the University of Bath and a MBA from the
University of Surrey. 
The management team now comprises of Rui Feng, Chairman and CEO,
Myles Gao, President, Maria Tang, CFO, Shaoyang Shen, COO, Peter
Torn, Corporate Secretary and General Counsel and Jonathan Hackshaw,
Director, Investor Relations. 
Silvercorp has several key development projects in execution at its
flagship operation, the Ying Mining District and is currently
completing construction of a new mine at the GC project. The Company
also has several more projects in its portfolio which it expects to
develop in the future. With changes to the management team complete,
the Company is well positioned to develop and execute on the
opportunities ahead and continue to deliver shareholder value. 
About Silvercorp  
Silvercorp is a low-cost silver-producing Canadian mining company
with multiple mines in China which has paid a cash dividend since
2007. The Company is currently developing the GC project in southern
China which it expects will become its next operating mine in early
2013. The Company's vision is to deliver shareholder value by
focusing on the acquisition of small-scale projects with resource
potential and self-fund the growth of those assets. For more
information, please visit our website at 
For further information 
Jonathan Hackshaw, Director, Investor Relations 
Certain of the statements and information in this press release
constitute "forward-looking statements" within the meaning of the
United States Private Securities Litigation Reform Act of 1995 and
"forward-looking information" within the meaning of applicable
Canadian provincial securities laws. Any statements or information
that express or involve discussions with respect to predictions,
expectations, beliefs, plans, projections, objectives, assumptions or
future events or performance (often, but not always, using words or
phrases such as "expects", "is expected", "anticipates", "believes",
"plans", "projects", "estimates", "assumes", "intends", "strategies",
"targets", "goals", "forecasts", "objectives", "budgets",
"schedules", "potential" or variations thereof or stating that
certain actions, events or results "may", "could", "would", "might"
or "will" be taken, occur or be achieved, or the negative of any of
these terms and similar expressions) are not statements of historical
fact and may be forward-looking statements or information.
Forward-looking statements or information relate to, among other
things: the price of silver and other metals; the accuracy of mineral
resource and mineral reserve estimates at the Company's material
properties; the sufficiency of the Company's capital to finance the
Company's operations; estimates of the Company's revenues and capital
expenditures; estimated production from the Company's mines in the
Ying Mining Camp; timing of receipt of permits and regulatory
approvals; availability of funds from production to finance the
Company's operations; and access to and availability of funding for
future construction, use of proceeds from any financing and
development of the Company's properties. 
Forward-looking statements or information are subject to a variety of
known and unknown risks, uncertainties and other factors that could
cause actual events or results to differ from those reflected in the
forward-looking statements or information, including, without
limitation, risks relating to: fluctuating commodity prices;
calculation of resources, reserves and mineralization and precious
and base metal recovery; interpretations and assumptions of mineral
resource and mineral reserve estimates; exploration and development
programs; feasibility and engineering reports; permits and licences;
title to properties; First Nations title claims and rights; property
interests; joint venture partners; acquisition of commercially
mineable mineral rights; financing; recent market events and
conditions; economic factors affecting the Company; timing, estimated
amount, capital and operating expenditures and economic returns of
future production; integration of future acquisitions into the
Company's existing operations; competition; operations and political
conditions; regulatory environment in China and Canada; environmental
risks; foreign exchange rate fluctuations; insurance; risks and
hazards of mining operations; key personnel; conflicts of interest;
dependence on management; internal control over financial reporting
as per the requirements of the Sarbanes-Oxley Act; and bringing
actions and enforcing judgments under U.S. securities laws. 
This list is not exhaustive of the factors that may affect any of the
Company's forward-looking statements or information. Forward-looking
statements or information are statements about the future and are
inherently uncertain, and actual achievements of the Company or other
future events or conditions may differ materially from those
eflected in the forward-looking statements or information due to a
variety of risks, uncertainties and other factors, including, without
limitation, those referred to in the Company's Annual Information
Form for the year ended March 31, 2012 under the heading "Risk
Factors". Although the Company has attempted to identify important
factors that could cause actual results to differ materially, there
may be other factors that cause results not to be as anticipated,
estimated, described or intended. Accordingly, readers should not
place undue reliance on forward-looking statements or information.  
The Company's forward-looking statements and information are based on
the assumptions, beliefs, expectations and opinions of management as
of the date of this press release, and other than as required by
applicable securities laws, the Company does not assume any
obligation to update forward-looking statements and information if
circumstances or management's assumptions, beliefs, expectations or
opinions should change, or changes in any other events affecting such
statements or information. For the reasons set forth above, investors
should not place undue reliance on forward-looking statements and
Silvercorp Metals Inc.
(604) 669-9397 or Toll Free 1 (888) 224-1881
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