NYSE American:SVM $2.94 +0.03 TSX:SVM $3.62 +0.03

News & Media

News & Media

Silvercorp to Announce Third Quarter Results & Hold Analyst Conference Call

January 27, 2009

VANCOUVER, British Columbia – Silvercorp Metals Inc. (“Silvercorp”) expects to release its unaudited third quarter results for the period ended December 31, 2008, on Thursday, February 12, 2009, after the close of the market.

Silvercorp’s management will hold a conference call on Friday, February 13, 2009, at 9:00 a.m. (PST) to discuss the third quarter results with analysts. Shareholders, media and interested investors are invited to listen to the live conference call over the internet by going to www.silvercorp.ca and clicking on the conference call link on the home page or over the phone by dialing (612) 332-0107 just prior to the starting time.  Analysts who wish to receive the toll-free dial-in number for this conference call are invited to contact Silvercorp at (604) 669-9397 or via email to ir@silvercorp.ca no later than 2:00 p.m. Pacific Time on Thursday, February 12, 2009. All participants will be asked to register with the conference call operator.

About Silvercorp Metals Inc.

Silvercorp Metals Inc., China’s largest primary silver producer, is engaged in the operation, development, acquisition and exploration of silver related mineral properties located in the People's Republic of China ("China"). Silvercorp is operating and developing silver-lead-zinc mines at the highly profitable Ying Mining Camp, in Henan Province, China.  The Company is also applying for a mining permit at the newly acquired 95% owned GC/SMT property to profitably mine and produce silver, lead and zinc metals in the Guangdong Province, China.  The Company's common shares are included as a component of the S&P/TSX Composite and the S&P/TSX Global Mining Indexes.

For further information:

SILVERCORP METALS INC. Rui Feng, Chairman/CEO & Lorne Waldman, Corporate Secretary Phone:(604) 669-9397, Toll Free Phone: 1-888-224-1881 Fax: (604) 669-9387, Email: info@silvercorp.ca, website: www.silvercorp.ca.  

Statements in this press release other than purely historical information, including statements relating to the exploration potential, resource growth and future exploration plans and costs constitute forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company’s business, including risks inherent in mineral exploration, development, and mining. There can be no assurance that such forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on such statements. Except in accordance with applicable securities laws, the Company does not undertake to update any forward-looking statements. We seek safe harbour.

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