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SMTC Announces the Appointment of Larry Silber as Interim CEO and Clarke Bailey as Executive Chairman, Announces Departure of Co

SMTC Announces the Appointment of Larry Silber as Interim CEO and Clarke
Bailey as Executive Chairman, Announces Departure of Co-CEO's Alex Walker and
Claude Germain

TORONTO, May 14, 2013 (GLOBE NEWSWIRE) -- SMTC Corporation (Nasdaq: SMTX)
(TSX:SMX) ("SMTC"), a global electronics manufacturing services provider
announces the appointment of Larry Silber as Interim President and CEO and
Clarke Bailey as Executive Chairman. By mutual agreement Messrs. Walker and
Germain are departing as Officers and Directors of the Company to pursue their
Rouge River Capital merchant banking business on a full time basis.

Larry Silber joined SMTC's Board as a Director in 2012 and recently served as
COO of Hayward Industries, Inc. a privately held equipment manufacturing
company with annual revenue in excess of $500 million. Prior to his
employment at Hayward Industries, Inc., Mr. Silber spent 30 years at Ingersoll
Rand, a $14 Billion revenue global business, during which time he most
recently served as the Chairman of Ingersoll Rand Canada and as President of
the Utility Equipment Group.

Clarke Bailey joined SMTC's Board as a Director in 2011 and has served as the
Chairman of its Audit Committee since joining SMTC's Board. He has extensive
experience as a Chairman and Executive of public companies, including his
current role as Chairman and CEO of EDCI Holdings, Inc. Mr. Bailey will lead
the CEO Search Committee's efforts to identify and appoint a permanent CEO at
SMTC.

"Focusing onglobal operational efficiencies and customer satisfaction are the
areas where I am excited to bring a wealth of experience and knowledge to the
Company," stated Mr. Silber.Stated Mr. Bailey, "I've enjoyed working with
Larry Silber asa Director for the past year and have been impressed by his
operating and customer-facing skills. I look forward to working with him
going forward as coincident to leading the new CEO search." Continued Mr.
Bailey, "Alex and Claude stabilized the business during a very challenging
period for SMTC and we thank them for their contributions the past two years.
We wish them the best going forward."

"We have enjoyed our experience at SMTC these past two years working with
employees and customers to stabilize and grow the business, and wish the
Company continued success ahead," stated Alex Walker.

About SMTC Corporation:SMTC Corporation, founded in 1985, is a mid-size
provider of end-to-end electronics manufacturing services (EMS) including PCBA
production, systems integration and comprehensive testing services, enclosure
fabrication, as well as product design, sustaining engineering and supply
chain management services. SMTC facilities span a broad footprint in the
United States, Canada, Mexico, and China, with more than 2,300 employees. SMTC
services extend over the entire electronic product life cycle from the
development and introduction of new products through to the growth, maturity
and end-of-life phases. SMTC offers fully integrated contract manufacturing
services with a distinctive approach to global original equipment
manufacturers (OEMs) and emerging technology companies primarily within
industrial, computing and communication market segments. SMTC was recognized
in 2012 by Frost & Sullivan with the Global EMS Award for Product Quality
Leadership and 2013 with the North American Growth Leadership Award in the EMS
industry, as one of the fastest growth companies in 2012.

SMTC is a public company incorporated in Delaware with its shares traded on
the NASDAQ Global Market under the symbol SMTX. For further information on
SMTC Corporation, please visit our website atwww.smtc.com.

The SMTC Corporation logo is available
athttp://www.globenewswire.com/newsroom/prs/?pkgid=9800

CONTACT: For further information:
         Larry Silber
         Interim President and Chief Executive Officer
         (905) 413.1190
         Email: investorrelations@smtc.com
        
         Investor Relations Information:
         Larry Silber
         Interim President and Chief Executive Officer
         (905) 413.1190
         Email: investorrelations@smtc.com
        
         Public Relations Information:
         Tom Reilly
         Director of Marketing
         Telephone: (905) 413.1188
         Email: publicrelations@smtc.com

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