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SILVERCORP UPDATE ON ACQUISITION OF ADVENTUS

Newswire.ca - Wed Jul 31, 7:00AM CDT

Trading Symbols:    TSX/NYSE AMERICAN: SVM

VANCOUVER, BC, July 31, 2024 /CNW/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) is pleased to announce that it will proceed to close the acquisition of Adventus Mining Corporation ("Adventus") pursuant to the arrangement agreement (the "Arrangement Agreement") under which the Company agreed to acquire all of the issued and outstanding common shares of Adventus by way of a plan of arrangement (the "Transaction") as announced on April 26, 2024.

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