Mr. Robert Archer reports

GREAT PANTHER SILVER COMPLETES COMMISSIONING OF TOPIA PROCESSING PLANT AND RESUMES FULL PRODUCTION

Great Panther Silver Ltd. has successfully completed the commissioning phase of the refurbished processing plant at its Topia mine in Durango. The plant, including the new handling facilities for dry stack tailings, is now operating at planned capacity.

The company is continuing to deposit dry tailings at the existing phase I tailings storage facility, while it works on a resolution for an outstanding permitting condition. The Mexican environmental authority (SEMARNAT) has denied the request for the change in use of soils permit required for the phase II tailings storage facility until this condition is met. The company believes it can resolve this over the next few weeks and transition to the new tailings storage facility without interruption, but it cannot provide complete assurance. Discussions to date with the authorities and other interests have been positive and are continuing.

"We are pleased with the operation of the plant and progress to date on the permitting front," stated Robert Archer, president and chief executive officer. "We have had extensive discussions with all stakeholders regarding the permitting requirements, and we are optimistic this will be favourably resolved in the coming weeks. We still expect to be able to process all of the ore stockpiled during the shutdown through the balance of 2017. Furthermore, the higher ore grades of the stockpiled ore put us in good position to meet our 2017 production guidance."

Run-of-mine ore is now being processed, along with the stockpiled ore. Due to the improved grade control at the mines, the silver grade of ore milled year to date, through the commissioning phase, has increased by approximately 18 per cent over 2016 levels. Further production details will be provided in the quarterly update in early July.

The technical information contained in this news release has been reviewed and approved by Robert F. Brown, PEng, who is the qualified person for the Topia mine under the meaning of National Instrument 43-101. Aspects relating to mining and metallurgy are overseen by Ali Soltani, chief operating officer for Great Panther.

About Great Panther Silver Ltd.

Great Panther's current activities are focused on the mining of precious metals from its two wholly owned operating mines in Mexico: the Guanajuato mine complex, which includes the San Ignacio mine; and the Topia mine in Durango. In addition, the company has signed an agreement to acquire a 100-per-cent interest in the Coricancha mine complex in the central Andes of Peru and is pursuing additional mining opportunities in the Americas.

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