Silvercorp Metals (SVM) to voluntarily withdraw its common shares from listing on the New York Stock Exchange

The Company considered the fact that the NYSE listing rules with respect to the maintenance of a minimum $1.00 share price could require the Company to undertake certain corporate or other actions, such as a reverse share split, primarily to meet the NYSE listing rules, and believes that such actions are not in the best interest of the Company or its shareholders. Therefore, the Board of Directors determined that the compliance obligations, costs and burdens of maintaining a listing of the common shares on the NYSE outweigh the benefits to the Company during this downturn in the commodity cycle.

• The Company expects to file the Form 25 within 10 business days and that the delisting will be effective approximately 10 business days following the filing of the Form 25.
• Silvercorp will continue to maintain the primary listing of its common shares on the Toronto Stock Exchange. U.S. shareholders should be able to trade their Silvercorp shares on the TSX through U.S. broker-dealers that have Canadian registered broker-dealer affiliates.

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