Silvercorp Metals Inc. announced the appointment of Derek Liu as Chief Financial Officer, after successful serving in the role of interim Chief Financial Officer since February 2015. Derek Liu is a professional accountant with over 15 years of diverse international ex perience in financial reporting, auditing, and accounting. He has held senior accounting positions, such as corporate controller and chief financial officer, at a number of public Canadian mining companies for the past several years including the role of financial controller of Silvercorp from 2006 to 2010.

In light of the lower commodity price environment and the company's desire to preserve capital, the Board of Directors will not be declaring a dividend. The declaration and payment of future dividends, if any, is at the discretion of the Board of Directors and any future decision to re-instate dividend payments, if at all, will be based on a number of factors including commodity prices, market conditions, financial results, cash requirements and other relevant factors.