Mr. Robert Archer reports

GREAT PANTHER SILVER REPORTS FATAL ACCIDENT AT ITS TOPIA MINE

A contract worker died on Tuesday, July 12, at Great Panther Silver Ltd.'s Topia processing plant in Durango, Mexico.

"We are deeply saddened by this tragic event," stated Robert Archer, president and chief executive officer. "On behalf of all of us at Great Panther, I wish to extend our most sincere condolences to the deceased's family and friends, and to all of our co-workers at our Topia mine. Regrettably, this accident comes even as we are continuing a complete safety review across all of our operations. All such incidents are unacceptable and we will continue to do everything possible to prevent a recurrence."

The company is currently assessing the cause of the accident and is fully co-operating with the relevant authorities. As the accident occurred at the plant, processing has been halted pending a full investigation. Mining operations are unaffected, however, and ore will be stockpiled until all investigations are completed. Great Panther is fully committed to providing a safe working environment by striving to eliminate safety and health hazards to the fullest extent possible.