Silvercorp Provides Updates on China Operations

About this update from Silvercorp Metals Inc.

Silvercorp Provides Updates on China Operations /* Style Definitions */ span.prnews_span { font-size:8pt; font-family:"Arial"; color:black; } a.prnews_a { color:blue; } li.prnews_li { font-size:8pt; font-family:"Arial"; color:black; } p.prnews_p { font-size:0.62em; font-family:"Arial"; color:black; margin:0in; } Canada NewsWire Trading Symbol:                                                        TSX/NYSE American: SVMVANCOUVER, BC, June 29, 2026 /CNW/ - Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM) (NYSE American: SVM) announces that further to new nationwide safety measures imposed across the Chinese mining industry, it will experience a temporary slowdown in operations at its Ying and GC mining operations. During this time the Company will work with the government regulators as it implements new safety systems and obtains the necessary approvals to resume full operations.BackgroundAfter the recent major accident at a coal mine in Shanxi Province in late May 2026, the State Council and the National Mine Safety Administration issued new comprehensive safety requirements applicable to the entire mining industry, not just limited to coal mines. Chinese regulators classify coal and non-coal mines under a unified mine safety governance system. The fatal accident exposed systemic loopholes, including incomplete personnel positioning and safety monitoring systems, concealed mining areas, and inadequate supervision. Regulators consider these problems to be potential risks that may also exist at non-coal mining sites.In early June 2026, a national video conference on non-coal mine safety supervision was held and concluded that all metal mines, non-metal mines, underground mines, open-pit mines, and tailings ponds would be required to conduct comprehensive self risk reviews, using the coal mine disaster as a universal warning case. As a result, mine safety authorities launched broad cross-sector inspections to prevent similar catastrophic incidents in metal and non-metal mines. Provincial emergency management departments have immediately expanded the inspection scope ...

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