VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 14, 2006) - Great Panther Resources Limited (TSX VENTURE:GPR)(TSX:GPR) is pleased to announce that its common shares will be listed and commence trading on the Toronto Stock Exchange ("TSX") at the opening on Tuesday November 14, 2006. Great Panther's shares will trade under its existing symbol "GPR". Concurrent with its move to the TSX, Great Panther's shares will be de-listed from the TSX Venture Exchange.
"The TSX is a world leading stock exchange for mining companies, and we expect its international recognition will enhance our profile and impact positively on shareholder value," said Great Panther's Executive Chairman & CFO, Mr. Kaare Foy.
The Company's President & CEO, Mr. Bob Archer, stated: "We are very pleased to have achieved this significant milestone so quickly in the development of the Company. As we grow our silver production and resource base, on our way to becoming a leading primary silver producer, the TSX listing will increase Great Panther's exposure and provide greater liquidity for institutional investors."
Great Panther owns a 100% interest in the Guanajuato Mine Complex, historically one of the largest silver producers in Mexico, and a 100% interest in the high grade Topia Silver-Lead-Zinc Mine in Durango.
In addition, the Company has tabled a NI 43-101 inferred mineral resource of 22.3 million ounces silver equivalent for its Km 66 Property in Durango State, Mexico (Refer news release dated September 18, 2006).
ON BEHALF OF THE BOARD
Robert A. Archer, President & CEO
Kaare G. Foy, Executive Chairman & 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, 2005 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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Great Panther Resources Limited
Great Panther Resources Limited
(604) 685-9744 (FAX)