Silvercorp Metals Inc. Vancouver, BC TSX : SVM. is a Canadian-based mineral exploration and mining company that has grown in four years to become the largest silver producer in the People’s Republic of China. Since commencing commercial production in 2006, Silvercorp has enjoyed industry-leading profitability and returns due to the exceptionally high-grade nature of its Ying deposit and the incredibly efficient and low-cost jurisdiction in which it operates.

Today, Silvercorp is China’s largest silver producer, achieving production of approximately four million ounces of silver in fiscal 2008. Due to the exceptionally low costs of operating in China, along with the high efficiency of a skilled labour force, Silvercorp has enjoyed industry-leading profitability and returns among its industry peers.

In fiscal 2008, the company generated net profits of $59.9-million on sales of $108-million, representing earnings of $0.41 per share. As testament to its profitability - and a demonstration of its ability to repatriate profits – the company paid its first annual dividend to shareholders of $0.05 per share on October 21, 2007.

Investment Highlights

• Well Financed with $48.6-Million Cash and No Long-Term Debt
• Management with Proven Strategy for Success in China
• High Quality Assets Located in Low Cost Jurisdiction
• Lowest Cost Producer Among Industry Peers
• Industry-Leading Profitability & Returns
• Payment of Quarterly Dividends
• Market Cap: ~$300 Million

In FY 2008, Silvercorp produced 4 million ounces of silver at a cash cost per ounce of negative $10.99 – making it the largest producer of silver in China and the lowest cost producer among its global peers.

• NI 43-101 M&I Resource of 7.6MM oz Silver
• Inferred Resource of 29.4MM oz Silver

Following upon its success at the Ying mine, Silvercorp acquired three nearby mines and consolidated the district in 2007. The company now has four mining permits in the Henan province along with a newly acquired development project in the Guangdong province, which is currently in the mining permit application process.

In addition to its operational success Silvercorp is considered a preferred mining company in the Henan district, having built a solid reputation for upholding high safety and environmental standards and supporting local community initiatives. Silvercorp plans on continuing its growth through increasing mine capacity and production, resource expansion and continuing acquisitions with a focus in China.

Now in its third year of operations, Silvercorp has quickly ramped up production at its Ying silver mine in the Henan province and consolidated the district by acquiring three nearby mines. At the same time, the company is growing its resource base through continuous exploration of existing projects as well as acquiring new development and exploration projects in multiple jurisdictions.

The company is publicly traded on the Toronto Stock Exchange and is a component of the S&P/TSX Composite and S&P/TSX Global Mining Indexes.

With US$48.6-million in cash, strong operations and the lowest production costs among its global peers, Silvercorp sees today’s unprecedented market volatility as one ripe with opportunities to grow its business in the long term.