Silvercorp Metals Inc. reported the results of its 2016 exploration program at the SGX mine, Ying Mining District, Henan Province, China. The Company completed 21,358 meters ("m") underground diamond drilling and 21,886m exploration tunneling in 2016 at the SGX mine. Results of the underground drilling continuously extended the major mineralized vein structures along strike and downdip, and the 8,296m drift tunneling exposed a total of 3,348m of high-grade mineralized zones. Highlights of selected mineralization zones exposed in exploration drift tunnels: Drift Tunnel CM105-S2W2-180-12ANYM exposed mineralization of 155m long and 1.09m wide (true width) grading 851 grams per tonne ("g/t") silver ("Ag"), 14.59% lead ("Pb") and 1.98% zinc ("Zn") within vein structure S2W2 on the 180m level; Drift Tunnel CM105-S2W2-180-12ASYM exposed mineralization of 125m long and 0.80m wide (true width) grading 1,035g/t Ag, 17.60% Pb and 2.78% Zn within vein structure S2W2 on the 180m level; and Drift Tunnel PD700-S19-400-9ANYM exposed mineralization of 55m long and 0.81m wide (true width) grading 1,059g/t Ag, 7.21% Pb and 6.74% Zn within vein structure S19 on the 400m level. Highlights of selected intersections of drill holes: Hole ZK05S1905 intersected a 2.85m interval from 168.94m to 171.79m, 1.48m true width, of vein S19 grading 571 g/t Ag, 19.16% Pb and 1.04% Zn at the 130m elevation; and Hole ZK14AS2W204 intersected an 1.08m interval from 91.98m to 93.06m, 0.64m true width, of vein S2 grading 959g/t Ag, 6.7% Pb and 1.38% Zn at the 236m elevation. Underground diamond holes in the 2016 drilling program were mainly designed to delineate the downdip and along-strike extensions of known mineralized vein structures in the production area and test for new veins in the adjacent less-explored areas. The exploration results ending June 30, 2016 will be incorporated in a NI43-101 resource update report expected to be announced in the first quarter of 2017. The Company has proposed a comprehensive exploration program comprising 23,722m tunneling and 22,819m underground drilling for SGX in 2017 to further trace the striking and downdip extensions of known vein structures and expand and upgrade the previously defined mineral resources. The 2017 exploration at the SGX mine will be mainly focused in the current production area and its adjacent less- or non-explored potential areas. Drill cores are NQ size. Drill core samples, limited by apparent mineralization contact or shear/alteration contact, were split into halves by saw cutting. The half cores are stored in the Company's core shacks for future reference and checking, and the other half core samples are shipped in security sealed bags to the Chengde Huakan 514 Geology and Minerals Testing and Research Institute in Chengde, Hebei Province, China, 226 km northeast of Beijing, and the Zhenzhou Nonferrous Exploration Institute Lab in Zhengzhou, Henan Province, China, and both labs are ISO9000 certified analytical lab. For analysis the sample is dried and crushed to minus 1mm and then split to a 200-300g subsample which is further pulverized to minus 200 mesh. Two subsamples are prepared from the pulverized sample. One is digested with aqua regia for gold analysis with AAS, and the other is digested with two-acids for analysis of silver, lead, zinc and copper with AAS.