Silvercorp (SVM) Announces Management Appointments

November 8, 2012 5:32 PM EST
Silvercorp Metals Inc. (NYSE: SVM) today announced a number of senior management appointments effective immediately.

The management appointments include the following:

Shoayang Shen who previously held the position of Vice President, Operations has been promoted to the position of Chief Operating Officer of the Company. Since joining Silvercorp in January 2008, Mr. Shen has proven himself to be a consistent performer and as a result has progressed to more senior roles of responsibility within the Company. Mr. Shen holds a Bachelors of Economics from Xiamen University (China), a MBA from the National University of Singapore and a Masters in Management and Professional Accounting from the University of Toronto.

Peter Torn has been promoted to the position of Corporate Secretary and General Counsel for Silvercorp. Mr. Torn has 20 years' experience with various companies in Europe, Asia and the US. He is a securities and corporate commercial lawyer and a current member of the British Columbia Law Society. Mr. Torn has been involved in a wide range of corporate and securities matters, including mergers and acquisitions, takeovers, corporate reorganizations, joint ventures, cross-border transactions, stock exchange listings, initial public offerings, public and private financings, and securities regulatory issues. He has a MBA and LLB from the University of British Columbia. Lorne Waldman has resigned from the Company as Corporate Secretary to pursue other interests. The Company would like to thank Mr. Waldman for his contributions during his time with Silvercorp and wishes him the best with his future endeavours.

Jonathan Hackshaw joined Silvercorp in July 2012 as Director, Investor Relations for Silvercorp and will lead the Company's investor relations and corporate communications functions. He was most recently Director of Corporate Communications for Minefinders Corporation Ltd. ("Minefinders") up to the acquisition of Minefinders by Pan American Silver Corp. earlier this year. Prior to joining Minefinders Mr. Hackshaw held management positions with companies in the advertising and corporate communications service sector and provided consultancy and support services to a number of mining companies as well as companies in various other industries. He began his career in the financial services sector and has a B.Sc. (Hons.) in Accounting, Economics and Finance from Oxford Brookes University, a M.Sc. in Management from the University of Bath and a MBA from the University of Surrey.

The management team now comprises of Rui Feng, Chairman and CEO, Myles Gao, President, Maria Tang, CFO, Shaoyang Shen, COO, Peter Torn, Corporate Secretary and General Counsel and Jonathan Hackshaw, Director, Investor Relations.

Silvercorp has several key development projects in execution at its flagship operation, the Ying Mining District and is currently completing construction of a new mine at the GC project. The Company also has several more projects in its portfolio which it expects to develop in the future. With changes to the management team complete, the Company is well positioned to develop and execute on the opportunities ahead and continue to deliver shareholder value.


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