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Thursday, December 8, 2011

Silvercorp's Fiscal 2012 Drilling Exploration Program Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 8, 2011) - Silvercorp Metals Inc. (TSX:SVM)(NYSE:SVM) ("Silvercorp" or the "Company") provides an update on its Fiscal 2012 exploration drilling programs on its mines and properties in China and Canada. The Company planned 244,000 meters of surface and underground drilling for its various projects for Fiscal 2012 (April 1, 2011 - March 31, 2012). As of November 30, 2011, the Company has completed a total of 523 diamond drill holes totaling 186,627 meters, which represents 76.5% of the planned drill program. Drilling is ongoing and on schedule and the Company expects to complete the planned drill program by the end of Fiscal 2012. The following table details the drilling completed so far for the different projects.

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