GREAT PANTHER SILVER LIMITED (TSX: GPR; NYSE Amex: GPL) headquartered in Vancouver, Canada, operates two silver mines in Mexico and is considered one of the fastest growing primary silver producers.  Since entering production in the first quarter of 2006, the Company has seen four consecutive increases in annual production and provides strong leverage to future rises in the price of silver.

Great Panther has completed the first year of a three-year growth strategy (2010 – 2012).  During 2010, the Company purchased new equipment, upgraded milling operations, advanced new development headings, rehabilitated old workings, and completed over 27,000 metres of exploration diamond drilling.   The Company is now focusing on an immediate and aggressive increase in production as well as an increase in resources and reserves while maintaining profitability.  Annual production from both mines in Mexico is expected to increase to 3.8 million Ag eq oz, including 2.65 million ounces of silver, by 2012.

2011 CORPORATE HIGHLIGHTS

Record 2010 production:  2,255,802 silver equivalent ounces. New records were established for the output of all metals, comprising 1,534,957 ounces silver, 7,216 ounces gold, 1,092 tonnes lead, and 1,358 tonnes zinc

Successfully lists on the NYSE Amex under the trading symbol "GPL"

Eliminates all long-term debt freeing up cash to ensure the successful continuation of its 3-year organic growth strategy at the Guanajuato and Topia Mines

Receives distinction as a “Socially Responsible Company” by CEMEFI, Centro Mexicano para la Filantropía (Mexican Centre for Philanthropy).This annual distinction is a milestone for the Company and has been awarded for its commitment to sustainable environmental, social and economic development

$21 million bought deal financing.  Use of proceeds include $9.2 million to advance the new discovery at San Ignacio for Environmental Impact Assessment & permitting, Engineering Studies, and preliminary mine development.  $5 million has been earmarked for the acquisition of new mineral properties in Latin America

Preparing the first ever NI 43-101 resource estimate for the new discovery at San Ignacio