SVM

Silvercorp Metals Inc.

Silvercorp was formed as Spokane Resources Ltd. pursuant to an amalgamation of Julia Resources Corporation and MacNeill International Industries Inc., under the Company Act (British Columbia), on October 31, 1991. By special resolution dated October 5, 2000, Spokane Resources Ltd. consolidated its share capital on a ten old for one new basis and altered its Memorandum and Articles of Incorporation by changing its name to SKN Resources Ltd.

At the Company’s Annual and Special General Meeting held October 20, 2004, the shareholders:

(a) approved an increase to the Company’s authorized capital to an unlimited number of common shares and adopted a new set of Articles which is consistent with the provisions of the Business Corporations Act (British Columbia), including the reduction of the majority required to pass a special resolution from 75% to 66⅔ %; and
(b)passed a special resolution to change the Company’s name to a name to be determined by the directors of the Company. On May 2, 2005, the Company filed a Notice of Alteration with the Registrar of Companies changing its name from ‘SKN Resources Ltd.’ to ‘Silvercorp Metals Inc.’.

Silvercorp is engaged in the acquisition, exploration, and development of silver related mineral properties focusing on China. Silvercorp is China’s largest primary silver producer. Currently, the Company is operating and developing four silver/lead/zinc mines in an area encompassing the Ying Project, the HPG Project, the TLP Project and the LM Project (the “Ying Mining District”), owned through its 77.5% and 70% Chinese subsidiary companies, respectively. The Company’s other material property, the GC Project in Guangdong Province, owned through a 95% Chinese subsidiary company, has not reached commercial production and is in the exploration stage.

For the year ended March 31, 2009, Silvercorp had on average over 700 employees and around 1,500 contractors. The majority of those employees and contractors were working in the Ying Mining District.

The head office, principal address and registered and records office of the Company is located at 1378-200 Granville Street, Vancouver, British Columbia, V6C 1S4. The Company is listed on the TSX and NYSE Amex under the symbol “SVM”, and is a reporting issuer in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Nova Scotia and New Brunswick.