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[email protected] TECHNICAL REPORT FOR SONGXIAN PROPERTY, HENAN PROVINCE, CHINA for SILVERCORP METALS INC. Prepared by AMC Mining Consultants (Canada) Ltd In accordance with the requirements of National Instrument 43- 101, “Standards of Disclosure for Mineral Projects”, of the Canada Securities Administrators Report prepared by: P R Stephenson, P.Geo. H A Smith, P.Eng. A Riles, MAIG M Molavi, P.Eng. AMC: 712020 Effective Date 30 June 2012 ADELAIDE BRISBANE MELBOURNE PERTH TORONTO VANCOUVER MAIDENHEAD +61 8 8201 1800 +61 7 3839 0099 +61 3 8601 3300 +61 8 6330 1100 +1 416 640 1212 +1 604 669 0044 +44 1628 778 256 www.amcconsultants.com SILVERCORP METALS INC Technical Report Songxian Property 1 SUMMARY Introduction AMC Mining Consultants (Canada) Ltd (AMC) was commissioned by Silvercorp Metals Inc. (Silvercorp) to prepare a Technical Report on the Songxian Property (Property) (also known as “X Mines”), in Henan Province, China, which Silvercorp acquired in late 2011. There has been no previous Technical Report on the Property. The Property comprises the XBG and XHP silver-gold-lead-zinc (Ag-Au-Pb-Zn) mines and associated exploration properties, in two project areas. In August 2011, Silvercorp acquired a 90% interest in the XBG project, and in November 2011, it acquired a 100% interest in the XHP project. Both acquisitions were made through Silvercorp’s 77.5% owned subsidiary, Henan Found. The Property is situated in the east extension of the Qinling Mountain Belt, near the margin of the Northern China Craton and in the same regional mineralization belt as Silvercorp’s Ying Property.