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Great Panther Silver Limited (GPR)
Market: CDN Consolidated
$ 1.00
Oct 21, 2014, 3:36 PM EDT
Change: -0.01 (-0.99%)
Volume: 110,730
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VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 23, 2006) - GREAT PANTHER RESOURCES LIMITED (TSX VENTURE:GPR) (the "Company") has paid the second cash installment of US$30,000 and issued the second share allotment of 50,000 pursuant to its June 13, 2005 Option Agreement with Minera Aciero del Fuego, S.A. de C.V. to purchase the Virimoa Property. The shares are subject to a hold period expiring October 21, 2006.

ON BEHALF OF THE BOARD

Kaare G. Foy, Executive Chairman and CFO

This news release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of the Securities Act (Ontario) (together, "forward-looking statements"). Such forward-looking statements include but are not limited to the Company's plans for production at its Guanajuato and Topia Mines in Mexico, exploring its other properties in Mexico, the overall economic potential of its properties, the availability of adequate financing and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements expressed or implied by such forward-looking statements to be materially different. Such factors include, among others, risks and uncertainties relating to potential political risks involving the Company's operations in a foreign jurisdiction, uncertainty of production and cost estimates and the potential for unexpected costs and expenses, physical risks inherent in mining operations, currency fluctuations, fluctuations in the price of silver, gold and base metals, completion of economic evaluations, changes in project parameters as plans continue to be refined, the inability or failure to obtain adequate financing on a timely basis, and other risks and uncertainties, including those described in the Company's Annual Report on Form 20-F for the year ended December 31, 2004 and reports on Form 6-K filed with the Securities and Exchange Commission and available at www.sec.gov and Material Change Reports filed with the Canadian Securities Administrators and available at www.sedar.com.

SEC 20-F Statement Filed; Standard & Poor's Listed


FOR FURTHER INFORMATION PLEASE CONTACT:

Great Panther Resources Limited
Brad Aelicks

(604) 685-6465





Great Panther Resources Limited
Don Mosher

(604) 685-6465
(604) 685-9744 (FAX)
info@greatpanther.com
www.greatpanther.com

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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