MAY 4, 2009

VANCOUVER, British Columbia – May 4, 2009 – Silvercorp Metals Inc. (“Silvercorp”) plans to release its unaudited financial results for the fourth quarter and year ended March 31, 2009, on Thursday, May 14, 2009, after the close of the market.

Silvercorp’s management will hold a conference call on Friday, May 15, 2009, at 7:00 a.m. PT/10:00 a.m. ET to discuss the fourth quarter and year-end 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 [email protected] no later than 2:00 p.m. PST on Thursday, May 14, 2009. All participants will be asked to register with the conference call operator.

About Silvercorp Metals Inc.

Silvercorp Metals Inc. is engaged in the production acquisition, exploration and development of silver related mineral properties in the People’s Republic of China (“China”).  The Company is currently operating and/or developing four silver-lead-zinc mines in the Ying Mining District of Henan Province, China.  Silvercorp is also applying for a mining permit for the newly acquired, 95% owned GC & SMT silver, lead and zinc properties in the Guangdong Province of 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: [email protected], website: www.silvercorp.ca.