Silvercorp Metals reports updates its corporate activities and events.

Payment of Quarterly Dividend of CAD$0.02 - October 21, 2008

Silvercorp's first quarterly dividend of CAD$0.02 per share will be paid on October 21, 2008, to shareholders of record at the close of business on September 30, 2008. This is the first quarterly dividend payment of a planned annual dividend of CAD$0.08 per share.

Expiry of Warrants - October 26, 2008

Silvercorp's 3,742,119 common share purchase warrants will be expiring on October 26, 2008, at 2:00 p.m. Pacific Time.

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