Mr. Robert Archer reports

GREAT PANTHER SILVER PROVIDES UPDATE ON 2015 DRILLING PROGRAMS

Great Panther Silver Ltd. has provided an update on its diamond drilling programs for the second half of 2015. Approximately 21,800 metres of drilling are planned for the Guanajuato mine complex and the Guadalupe de los Reyes (GDLR) project in Mexico, and the Coricancha mine complex in Peru. Including the latter two new projects, total metres of drilling for 2015 are expected to be approximately 29,700 metres, compared with the company's previous guidance of 19,000 metres.

"With the Cangold acquisition complete and the Coricancha option initiated, the primary objective of our first drilling campaigns on these projects is to further define and expand zones of higher-grade mineralization, upon which we can base new resource estimates," stated Robert Archer, president and chief executive officer. "Beyond that, the plans for GDLR include a revised preliminary economic assessment in 2016, and at Coricancha, we will evaluate plans for future mine development and start-up. The GDLR and Coricancha work programs are forecasted to cost approximately $4-million. While these are easily fundable from our existing cash position, our reported results to date for 2015 showed good cash generation from our operations, and ultimately, it is our goal to fund these projects from cash flow and not use our current working capital or the recently announced credit facility."

The company continues to drill underground at the Guanajuato mine complex, with 8,900 metres planned for the balance of the year to refine resources at depth on the Cata, Los Pozos, San Cayetano, Guanajuatito and Valenciana zones at the Guanajuato mine, and on the Intermediate and Melladito zones at the San Ignacio satellite mine. Also at San Ignacio, a permit application has been filed for a 2,200-metre, 16-hole surface drilling program to upgrade the classification of the resource estimate, and test the strike extension of high-grade silver-gold mineralization discovered in the fourth quarter of 2014.

The GDLR gold-silver project in Sinaloa state is held under an option from Vista Gold through Great Panther's recent acquisition of Cangold Ltd. Cleaning of old underground workings for mapping and sampling will commence within the next month, and a permit application has been filed for a 5,200-metre, 37-hole surface drill program. As the previous resource estimate was predicated on an open-pit mining scenario, Great Panther is targeting higher-grade veins with the intention of revising the geological model and resource estimate in line with a combined underground/open-pit mining scenario. Portions of the Guadalupe and San Miguel veins appear to have the best potential for underground mining, and will be targeted first. Provided that permits are received in a timely fashion, the resource estimate should be complete by year-end.

At the Coricancha mine complex, 90 kilometres east of Lima, gold-silver-lead-zinc-copper mineralization (approximately 80 per cent gold and silver) occurs as massive sulphide veins. As the topography is steep, most of the upcoming drilling will be conducted from existing underground workings. Higher-grade areas will be targeted first in order to test the viability of these areas to support a renewed mining effort at prevailing metal prices. While the mine has been on care and maintenance since August, 2013, it has fully permitted and operational 600-tonne-per-day flotation and BIOX bio-leach plants that could be restarted fairly quickly once a new resource model and mine plan have been generated, and preproduction mine development has been completed. The upcoming underground drilling will comprise approximately 8,800 metres in 53 holes and should commence in August. Ten holes comprising 2,400 metres will also be drilled from surface, pending permitting. Of the 11,200-metre total, approximately 5,500 metres are planned for 2015. Geological mapping and sampling will be conducted coincident with the drilling, with the combined program continuing into the first quarter of 2016.

With a strengthened drill budget, Great Panther's exploration team will be busy advancing the new and existing projects, and providing better definition to guide the current mining effort at Guanajuato and San Ignacio. The latter continues to make a major contribution toward production at the Guanajuato mine complex, and significant exploration potential remains on the property. The goal at both GDLR and Coricancha is to advance both projects toward a production decision by 2017.

The technical information contained in this news release has been reviewed and approved by Robert F. Brown, PEng, vice-president of exploration, and the qualified person for the company under the meaning of National Instrument 43-101.

We seek Safe Harbor.