Silvercorp Defers First Quarter Fiscal 2024 Financial Results Release Date to August 10, 2023

Trading Symbol:        TSX: SVM
NYSE AMERICAN: SVM

VANCOUVER, British Columbia – August 2, 2023 – Silvercorp Metals Inc. (“Silvercorp” or the “Company”) (TSX: SVM) (NYSE American: SVM) reports that, as a result of unforeseen travel by certain Board members of the Company, and in recognition that Monday, August 7 is a public holiday in many parts of Canada, the release date for its first quarter financial results of fiscal year 2024 (ended June 30, 2023), has been deferred by one week, to August 10, 2023.