VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 25, 2007) - GREAT PANTHER RESOURCES LIMITED (TSX:GPR) is pleased to announce the appointment of Ms. Raakel Iskanius, CA, to the position of Chief Financial Officer of the Company.
"Raakel is a senior accounting professional with 17 years of experience in public practice as well as private industry. She has worked with both public and non-public companies, in both Canada and the USA." said Mr. Kaare Foy, the Company's Executive Chairman and former CFO. "Her background includes experience with natural gas distribution, facilities & real estate management, and engineering services."
Most recently, Ms. Iskanius was the senior financial and regulatory reporting manager at Terasen Gas Inc., a SEDAR filing company with revenues of $1.5 billion-plus. Her responsibilities included managing the financial accounting and regulatory reporting staff of twenty-eight, being responsible for: the preparation of the utility's financial statements, Sarbanes-Oxley control documentation, and timely filing of the company's regulatory reports.
Raakel articled at KPMG while obtaining her Chartered Accountant designation in 1999. In addition to her CA designation, Raakel obtained her Certified General Accountants designation in 1995.
"Having only ninety staff at the beginning of last year to having almost five hundred currently, and having transformed Great Panther from an exploration company into a silver producer with five consecutive quarterly production records, the Company now demands senior financial managers of Raakel's calibre. We are fortunate to have secured somebody of her experience and track record," Mr. Foy said today.
ON BEHALF OF THE BOARD
Kaare G. Foy, Executive Chairman
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 may 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.
SEC 20-F Statement Filed; Standard & Poor's Listed
FOR FURTHER INFORMATION PLEASE CONTACT:
Great Panther Resources Limited
Great Panther Resources Limited
(604) 685-9744 (FAX)