Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM.TO)(NYSE: SVM) today announced that its Board of Directors has declared its third quarter fiscal 2012 dividend of CAD$0.025 per share to be paid on or before April 21, 2012 to shareholders of record at the close of business on March 31, 2012. Today's declared quarterly dividend is the second Silvercorp has announced since increasing its dividend by 25% from the previously paid CAD$0.02. The dividends are considered eligible dividends for Canadian tax purposes.