SILVERCORP ANNOUNCES THE RESULTS OF THE 2022 GM AND APPOINTS A NEW DIRECTOR

Trade symbol

TSX: SVM


US NYSE: SVM

VANCOUVER, BC, September 30, 2022 /PRNewswire/ – Silvercorp Metals Inc. (“Silvercorp” or the “Company”) (TSX: SVM) (NYSE American: SVM) is pleased to announce that all matters submitted for shareholder approval as set forth in the Notice of Meeting and Circular information of the Company, both dated August 15, 2022, were approved by the required majority of votes cast at Silvercorp’s Annual General Meeting (“AGM”) held today. A total of 101,907,093 ordinary shares, representing 57.58% of the voting rights attached to all shares outstanding on the record date of the meeting, were represented at the AGM. Details of the voting results for the election of directors are set out below:


vote for

Withheld

Director

Number

Percentage

Number

Percentage

Dr Rui Feng

74,978,190

96.08%

3,057,320

3.92%

Paul Simpson

71,088,697

91.10%

6,946,814

8.90%

David Kong

71 335 481

91.41%

6,700,030

8.59%

Yikang Liu

76 896 116

98.54%

1,139,394

1.46%

Marina Katusa

74,288,517

95.20%

3,746,994

4.80%

Ken Robertson

76,955,339

98.62%

1,080,171

1.38%

The Company welcomes Ken Robertson to the board of directors. Mr. Robertson is a Chartered Professional Accountant with over 35 years of public accounting experience in Canada and England. He was a partner and global group head of mining and metals at Ernst & Young LLP (“EY”), where he developed extensive experience in initial public offerings, financings, governance and regulatory compliance. securities. Mr. Robertson holds a Bachelor of Commerce degree from McMaster University and the ICD.D designation from the Institute of Corporate Directors.

Shareholders also approved the stock-based compensation plan and the renewal of Deloitte LLP’s mandate as the Company’s auditors for the coming year. Final results for all matters voted on at the AGM will be filed on SEDAR at www.sedar.com and on the Company’s website.

About Silvercorp

Silvercorp is a Canadian-based silver, gold, lead and zinc mining company with a long history of profitability and growth potential. The Company’s strategy is to create shareholder value by 1) focusing on generating free cash flow from long-lived mines; 2) organic growth through extensive discovery drilling; 3) ongoing merger and acquisition efforts to unlock value; and 4) a long-term commitment to responsible mining and ESG. For more information, please visit our website at www.silvercorpmetals.com.

For more information
Silvercorp Metals Inc.
Lon Razor
vice president
Phone: (604) 669-9397
Toll Free 1(888) 224-1881
E-mail: [email protected]
Website: www.silvercorpmetals.com

SOURCE Silvercorp Metals Inc.

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