Great Panther Silver Limited (TSX: GPR) is one of the fastest growing primary silver producers in Mexico. The Company’s organic growth strategy will see output from mining operations increase by more than 65% over 2010 production to 3.8 million ounces silver equivalent in 2012, providing strong leverage to rising silver prices. Great Panther is committed to becoming a leading primary silver producer by acquiring, developing and profitably mining precious and base metals in Latin America.

Robert A. Archer, P.Geo.
Chief Executive Officer & President

Mr. Archer has more than 30 years of experience working for mining companies throughout North America, including Newmont Exploration of Canada Ltd., Rio Algom Exploration Inc., Placer Dome Canada Ltd. and Noranda Exploration Inc. He also served as President of Consolidated Magna Ventures Ltd. He also serves as President and Chief Executive Officer and is a director of Cangold Limited, a company publicly listed on the TSX Venture Exchange. He is also a non-executive director of Altair Ventures Incorporated, a company also publicly listed on the TSX Venture Exchange.

Martin Carsky, CA
Executive Vice President & CFO

Martin Carsky is an experienced financial executive with extensive experience in strategic planning, mergers and acquisitions, capital markets, business restructuring, and corporate governance.

Prior to joining Great Panther, he was the CEO and a Director of Con-Space Communications Ltd., a member of the Savox Group of Companies based in Luxembourg. Mr. Carsky serves on the Board and is also the Chairman of the Audit Committee of Cangold Limited. Mr. Carsky holds a Bachelor of Science degree from the University of British Columbia in Vancouver, British Columbia and holds the designation Chartered Accountant.

Charles Brown
Chief Operating Officer

Mr. Brown graduated from Nottingham University, U.K. with an honours degree in Mining Engineering.  He is a seasoned professional with more than 30 years of experience successfully operating and developing mines both in Canada and internationally, from operating small gold mines in Ontario and Venezuela to being Managing Director of Tara Mines Ltd in Ireland, where he was responsible for one of the world's largest underground zinc mines.

Guanajuato Mine Complex
Status: Operational

The Guanajuato Mining District is one of the most prolific and best known silver districts in the world. Silver was first discovered in the La Luz area in 1548, and two years later, an outcrop of the Veta Madre was found near what became the Rayas Mine.  The Valenciana Mine was once said to be the richest silver mine in the world. Bonanza-style mineralization in the Veta Madre structure in this historic mine was often considered as "direct shipping ore" (to the smelter) as the grades exceed those of the concentrates produced from average ore in the flotation plant. The Spanish developed and controlled mining in the district until 1816 when mining ceased and production facilities were destroyed during the Mexican War of Independence.

The Guanajuato Mine Complex is Great Panther Silver's flagship operation. The concessions were acquired in 2005, are 100% owned and the main claim block covers 4.2 km of the highly significant Veta Madre vein structure.  These silver-gold mines are underground operations using primarily cut-and-fill mining methods. The ore is then processed to produce high quality, precious metal-rich concentrate and sold to metal traders.

These world-class low sulfidation epithermal deposits to date have total production of over one billion ounces silver and 4 million ounces gold over a 450 year mining history. One marvelous aspect of world class deposits is their defiance of typical size due to multiple phase, overlapping events. This is borne out by structural studies and fluid inclusion work. The fluid inclusion work has shown that boiling horizons (and associate silver-gold deposition) occur over a vertical range of at least 600 metres below the present surface.

Of the 4.2 km of Veta Madre strike length covered by the Guanajuato property, only 500 metres (250 metres at Cata and the same to date at Rayas) have been adequately tested from the 400 to 600 metre depths.  Underground diamond drilling at Guanajuato is ongoing on 50 metre exploration centres at Guanajuatito and Valenciana, while more production detailed 25 metre centre drilling is ongoing at Santa Margarita, Los Pozos, and Cata. Forty-nine holes were completed during the first quarter of 2012, for a total of 6,010 metres.

Topia Mines
Status: Operational

The Topia Mining District is one of the oldest in Mexico, with the discovery of silver dating back to 1538. Artisanal mining continued for centuries until the Topia Silver Mine was opened in 1952 by Peñoles (now Fresnillo), Mexico's largest silver producer. Peñoles consolidated the claim ownership, built a road into the area, and constructed a 200 tonne per day mill on site. They operated the mine continuously until 1989, when they sold it to a former mine manager, who continued production on a small scale until 1999.

The Topia Silver-Gold-Lead-Zinc property is located in the heart of the Topia Mining District in west-central Durango State, Mexico.  In 2005, a 100% interest in the core concessions was obtained and the surrounding concessions were staked by the Company and are also owned 100%. There is no underlying Net Smelter Royalty on the property.

Operations consist of multiple small, narrow-vein mining operations, with as many as 14 separate mines mining 11 separate veins. The mines are typically accessed by unpaved mountain roads leading to adits which either follow the vein into the mountain or are driven to cross-cut the vein. The veins range from 15 to 150 cm wide, with an average of 30 cm. The mining method is known as resuing, a labour-intensive, modified cut-and-fill system, where the waste-rock fill is mined from the adjacent wall rocks. Broken ore is hauled by 8-tonne truck up the mountain roads to the processing plant.

San Ignacio Mine
Status: Development & Exploration

The San Ignacio Mine property covers approximately 4 kilometres of strike length on the La Luz vein system, which is parallel to, and 5 kilometres west of, the principal Veta Madre structure that hosts the main Guanajuato mines. The La Luz district marks the site of the first discovery of silver in the area, in the year 1548, which led to the discovery of the Veta Madre silver-gold deposits in 1550. It comprises a swarm of generally north-northwest striking, west dipping quartz veins and breccias with associated low sulphidation silver-gold mineralization, along an approximate eight kilometre long trend.

A NI 43-101 compliant initial Mineral Resource Estimate of 4.5 million Ag eq oz was released in 2011 after drilling 24 diamond core holes covering a strike length of 350 metres. The explored strike length has doubled to date and a resource update is expected in Q2 2012. The San Ignacio Project is expected to realize its potential during 2012 with an intensive exploration and mine development program being planned and is expected to add to the production growth potential for 2013. The permitting process for a new ramp is well underway. As each phase of drilling is completed, results will be used to add to Great Panther's resource base for the Guanajuato Mine.

Due to the early success of the surface drill program, power is being restored to the original San Ignacio Mine area and the shaft and old workings will be pumped out and rehabilitated while further exploration progresses. Surface drilling and underground mapping will continue and, once sufficient geological data has been assembled to facilitate a mine plan, development will commence in preparation for mine production. All necessary preparations are being initiated, including regulatory permitting, in advance of a development / production decision.

Great Panther’s mines and exploration projects are located in Mexico, a politically stable mining friendly jurisdiction where foreign companies have the right to own 100% of Mexican mining assets.

Great Panther Silver Limited trades on the Toronto Stock Exchange (“TSX”) under the symbol GPR. The Company is currently pursuing a listing on the NYSE Amex under the symbol GPL.