Mr. Robert Archer reports

GREAT PANTHER SILVER ANNOUNCES FILING OF PRELIMINARY BASE SHELF PROSPECTUS

Great Panther Silver Ltd. has filed a preliminary short-form base-shelf prospectus with the securities commissions in each of the provinces and territories of Canada, except Quebec, and a corresponding registration statement on Form F-10 with the United States Securities and Exchange Commission under the U.S. Securities Act of 1933, as amended, and the U.S./Canada multijurisdictional disclosure system.

These filings, when made final or effective, will allow Great Panther to make offerings of common shares, warrants, subscription receipts, units or any combination thereof, having an aggregate offering price of up to $80-million, in Canada and the United States over 25 months from the date of the filing of the final prospectus. Great Panther filed this preliminary base-shelf prospectus to maintain financial flexibility, and the maximum amount that could potentially be offered under the base-shelf prospectus does not reflect an estimate of future financing requirements. Any amount of a future financing (if any) will depend upon future developments, which are not ascertainable at this time.

No securities may be sold, nor may offers to buy be accepted, prior to the time at which a receipt for the final base-shelf prospectus is obtained from applicable Canadian securities regulatory authorities.

A copy of the preliminary short-form base-shelf prospectus, the final short-form base-shelf prospectus (when filed) and any shelf prospectus supplements that may be filed in the future can be found on SEDAR and on EDGAR, or may be obtained by request to the assistant corporate secretary, Great Panther Silver, 800, 333 Seymour St., Vancouver, B.C., Canada, V6B 5A6.

We seek Safe Harbor.