Mr. Robert Archer reports

GREAT PANTHER SILVER APPOINTS NEW CEO

Great Panther Silver Ltd. has appointed Jim Bannantine as president and chief executive officer, effective Aug. 16. Mr. Bannantine will succeed Robert Archer, who, in April, 2017, announced his intention to step down this year. Mr. Archer is a co-founder of the company and will remain on the board of directors.

"Jim brings a record of exceptional leadership, growing companies and deep experience in Latin America," stated Bob Garnett, board chair of Great Panther. "We look forward to working with Jim as Great Panther executes its near-term growth strategy to become a mid-tier producer. The board wishes to thank Bob Archer, co-founder and visionary, for creating Great Panther Silver and looks forward to his continuing participation as a member of the board."

Most recently, Mr. Bannantine was president and chief executive officer of Aura Minerals Inc., a publicly traded Canadian copper and gold mining company, with $200-million in revenue and 2,000 employees in Canada, Brazil and Mexico. Over the recent five-year bear market in the mining industry, he led a restructuring effort to significantly reduce both operating and general and administrative costs, while maintaining or increasing production.

He previously served as president and chief operating officer of Broadwing Corp., an $880-million-in-revenue, 1,700-person telecom rollup, turnaround and sale. He also held several positions over multiple years at Enron Corp., culminating as chief executive officer of Enron South America; a $1.5-billion-in-revenue, 4,500-person roll-up of energy assets. He holds a master of business administration from the Wharton School of the University of Pennsylvania and a bachelor of science, mechanical engineering concentration, from West Point. He is a licensed professional engineer, fluent in Spanish and Portuguese, and served 12 years in the U.S. Army Corps of Engineers.

"I am delighted to have the opportunity to lead Great Panther Silver in its next phase of growth as a producer in the Americas," stated Mr. Bannantine. "Great Panther has formed a great team of professionals, has a solid producing asset base and a pipeline of projects with which to grow. It is very well funded and has no long-term debt. I am really looking forward to building on the foundation that the team has built over these past years."

Outgoing president and chief executive officer Robert Archer stated: "I have chosen this as the appropriate time to transition to a new CEO who can take Great Panther to the next level over a five- to seven-year time horizon, and I am really pleased to be able to pass the torch to someone of Jim's calibre. This is a testament to the reputation we have built, the quality of our team and assets, the strength of our balance sheet, and our growth potential. As an active member of the board and significant shareholder, I look forward to continuing to help Great Panther grow and prosper."

About Great Panther Silver Ltd.

Great Panther is a primary silver mining and exploration company listed on the Toronto Stock Exchange trading under the symbol GPR and on the NYSE MKT under the symbol GPL. 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. With the recent completion of the acquisition of the Coricancha mine complex in Peru, the company's activities will include efforts to return the Coricancha mine to production and the pursuit of additional mining opportunities in the Americas.

We seek Safe Harbor.