Silvercorp Declares Quarterly Cash Dividend of CAD$0.005

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 15, 2014) - Silvercorp Metals Inc. SVM SVM ("Silvercorp" or the "Company") today announced that its Board of Directors has declared a quarterly dividend of CAD$0.005 per share (CAD$0.02 per share on an annual basis) to be paid on or before October 21, 2014, to shareholders of record at the close of business September 30, 2014. The dividends are considered eligible dividends for Canadian tax purposes.

About Silvercorp

Silvercorp is a low-cost silver-producing Canadian mining company with multiple mines in China. The Company is currently developing the GC project in southern China which it expects will become its next operating mine. 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.silvercorp.ca.

FOR FURTHER INFORMATION PLEASE CONTACT:
Silvercorp Metals Inc.
Lorne Waldman
Senior Vice President
(604) 669-9397 or Toll Free 1(888) 224-1881
investor@silvercorp.ca
www.silvercorp.ca