Silvercorp Provides Share Repurchase Program Update

Trading Symbol: TSX: SVM
NYSE AMERICAN: SVM

VANCOUVER, Dec. 15, 2017 /CNW/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") announces that to date it has acquired through the facilities of the TSX, pursuant to its normal course issuer bid announced November 23, 2017, 788,000 of its common shares at an average price paid per common share of CDN $2.89.  All common shares repurchased will be cancelled.

About Silvercorp Metals Inc.

Silvercorp is a low-cost silver-producing Canadian mining company with multiple mines in China.   The Company's vision is to deliver shareholder value by focusing on the acquisition of under developed projects with resource potential and the ability to grow organically.  For more information, please visit our website at www.silvercorpmetals.com.

SOURCE Silvercorp Metals Inc.