Silvercorp Metals Inc.TSX: SVM

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

· Issued by Silvercorp Metals Inc. via CNW

TORONTO, June 23 /CNW/ - Standard & Poor's Canadian Index Operations announces the following index changes:

-  Pursuant to the previously-announced GICS (Global Industry
   Classification Standard) change for Silvercorp Metals Inc. (TSX:SVM)
   from 15104020 - Diversified Metals & Mining - to 15104040 - Precious
   Metals & Minerals, Silvercorp will be removed from the S&P/TSX Capped
   Diversified Metals & Mining Index effective after the close of trading
   on Tuesday, June 30, 2009.

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

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