Great Panther Discovers New Silver-Gold Zones  

VANCOUVER -Great Panther Silver reported that the first surface drill hole at the San Ignacio Mine property, Guanajuato has been successful in intersecting several new zones of silver-gold mineralization. Three well-mineralized intervals were intersected, including the Melladito and Nombre de Dios veins, as well as a deeper, and previously unknown, footwall stockwork zone. The most westerly vein system, the Plateros vein, which hosted the former San Ignacio Mine operation, will be drilled further on in the drill program.

Surface drill hole ESI10-01, drilled at -45í, intersected three zones of economic significance, none of which have been previously developed. The Melladito vein returned 11.45 metres grading 1.18g/t gold and 131g/t silver, including 3.70 metres grading 1.98g/t gold and 203g/t silver; the Nombre de Dios vein returned 3.15 metres grading 2.15g/t gold and 157g/t silver; and a previously unknown footwall stockwork assayed 3.76g/t gold and 11g/t silver over 2.00 metres. In addition, two other zones of mineralization were intersected that, while returning lower grades in this hole, could be of greater significance along strike or down-dip. "We are extremely pleased to have such early, positive indications of the potential of the vein systems on the San Ignacio Mine property", stated Robert Archer, Great Panther's President & CEO. "Considering the easy trucking distance to our plant in the City of Guanajuato, the ability to quickly define and develop any new zones at San Ignacio will be an important factor in achieving our stated production targets and resource growth." The company's address is Suite 2100, 1177 W. Hastings St., Vancouver, BC V6E 2K3, 604-608-1766, fax: 604-608-1744, email: [email protected] .