Trading Symbol:TSX: SVM
NYSE AMERICAN: SVM

VANCOUVER, BC, March 10, 2024 /CNW/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) today wishes to inform its shareholders, and shareholders of OreCorp Limited ("OreCorp") (ASX:ORR), that it intends to file a third supplementary bidder statement to indicate that the Companywill not waive its 50.1% minimum acceptance condition (the "Condition") relating to its off-market takeover bid for all of the ordinary shares in OreCorp that it does not already own (the "Offer") in exchange for consideration comprising 0.0967 common shares of Silvercorp and A$0.19 cash per OreCorp share (the "Consideration"). The supplementary bidder's statement will be lodged with the Australian Securities and Investments Commission. Silvercorp's Offer is currently open for acceptances until 7:00 pm (Sydney time) on 22 March 2024, unless further extended or withdrawn in accordance with the Corporations Act (the "Offer Period").