VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 1, 2006) - GREAT PANTHER RESOURCES LIMITED (TSX VENTURE:GPR) ("the Company") reports that pursuant to the Company's graduation from Tier 2 to Tier 1 effective February 28, 2006, the 1,012,500 shares of the Company remaining in escrow will be released.
These shares are the balance of the 2,250,000 shares issued on the closing of the acquisition of the Company's Mexican subsidiary, Minera Mexicana El Rosario, S.A. de C.V. The shares were held in escrow pursuant to an Escrow Agreement dated January 27, 2004. 1,237,500 shares have been previously released under the terms of the Escrow Agreement.
ON BEHALF OF THE BOARD
Kaare G. Foy, Executive Chairman & CFO
SEC 20-F Statement Filed; Standard & Poor's Listed
FOR FURTHER INFORMATION PLEASE CONTACT:
Great Panther Resources Limited
(604) 685-9744 (FAX)