Silvercorp Metals Inc.TSX: SVM

Standard & Poor's Announces Changes In S&P/TSX Canadian Indices

· Issued by Silvercorp Metals Inc. via CNW

TORONTO, Dec. 8 /CNW/ - Standard & Poor's Canadian Index Operations announces the following index changes as a result of the Quarterly S&P/TSX Composite Index Review. These changes will be effective at the open on Monday, December 18, 2006:

                       S&P/TSX COMPOSITE INDEX
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                                 ADDS
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Issue Name           Symbol    60/MidCap/SmallCap    Live Composite GICS
                                                         Sector Index
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Blue Pearl Mining                                       Materials, Div.
 Ltd.                  BLE         SmallCap              Metals &Mining
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Dundee REIT           D.UN         SmallCap           Income Trust, Real
                                                         Estate, REIT
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Equinox Minerals                                        Materials, Div.
 Limited               EQN         SmallCap              Metals & Mining
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Galleon Energy Inc.   GO.A         SmallCap                  Energy
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Northgate Minerals
 Corporation           NGX         SmallCap                 Materials
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Silvercorp Metals
 Inc.                  SVM         SmallCap                 Materials
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Synenco Energy Inc.    SYN         SmallCap                  Energy
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                               DELETES
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Issue Name           Symbol    60/MidCap/SmallCap    Live Composite GICS
                                                         Sector Index
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Rider Resources Ltd.   RRZ         SmallCap                  Energy
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Southwestern
 Resources Corp.       SWG         SmallCap                 Materials
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TLC Vision
 Corporation           TLC         SmallCap                Health Care
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Changes to the S&P/TSX Composite Index will also affect the S&P/TSX Capped Composite Index. Stocks added to or removed from the S&P/TSX Composite Index will also be added to or removed from the appropriate Global Industry Classification Standard (GICS) index.

Company additions to and deletions from an S&P index do not in any way reflect an opinion on the investment merits of the company.

Standard & Poor's, a division of The McGraw-Hill Companies (NYSE:MHP), is the world's foremost provider of independent credit ratings, indices, risk evaluation, investment research and data. With approximately 6,300 employees located in 21 countries, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit www.standardandpoors.com.

Founded in 1888, The McGraw-Hill Companies is a leading global information services provider meeting worldwide needs in the financial services, education and business information markets through leading brands such as Standard & Poor's, BusinessWeek, McGraw-Hill Education and J.D. Power and Associates. The Corporation has more than 290 offices in 38 countries. Sales in 2005 were $6.0 billion. Additional information is available at http://www.mcgraw-hill.com.