Silvercorp Metals Inc. (Silvercorp) is engaged in the acquisition, exploration, and development of silver related mineral properties focusing on China. As of March 31, 2009, the Company was operating and developing four silver/lead/zinc mines in an area encompassing the Ying silver/lead/zinc project, Hou Ping Gou project, the TLP silver/lead project and the Long Men project (the Ying Mining District), owned through its 77.5% and 70% Chinese subsidiary companies, respectively. The Company’s other material property, the Gaocheng project in Guangdong Province, owned through a 95% Chinese subsidiary company, has not reached commercial production and is in the exploration stage. Yangtze Mining Ltd. holds a 95% interest in Anhui Yangtze Mining Co. Ltd., the Chinese company holding silver, lead and zinc exploration permits on the Gaocheng project and Shimentou project in the Guangdong Province. In June 2008, the Company acquired Yangtze Gold Ltd.