Silvercorp Acquires 70% Interest In The Tulkubash/Kyzyltash Gold Projects, Kyrgyzstan

Jan 20 (Reuters) - Silvercorp Metals Inc SVM.TO:

• SILVERCORP ACQUIRES 70% INTEREST IN THE TULKUBASH/KYZYLTASH GOLD PROJECTS, KYRGYZSTAN

• SILVERCORP METALS INC: PROPOSED DEAL FOR US$162 MILLION

• SILVERCORP METALS INC - SIGNS SHARE PURCHASE AGREEMENT WITH CHAARAT

• SILVERCORP METALS INC: AS PART OF COOPERATION AGREEMENT, NIA WILL RECEIVE $70 MILLION CASH IN TWO STAGED PAYMENTS

• SILVERCORP METALS INC: CO ENTERED INTO SHARE PURCHASE AND SHAREHOLDERS AGREEMENT WITH KYRGYZALTYN

• SILVERCORP METALS INC: UPON COMPLETION OF ACQUISITION OF ZAAV, IT WILL BE CONVERTED INTO JVC BETWEEN SILVERCORP AND KYRGYZALTYN

• SILVERCORP METALS INC: SILVERCORP TO HOLD 70% INTEREST AND BE OPERATOR OF JVC AND KYRGYZALTYN WILL HOLD 30% FREE-CARRIED INTEREST