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Great Panther Silver Limited

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VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - July 7, 2006) - GREAT PANTHER RESOURCES LIMITED (TSX VENTURE:GPR) (the "Company") is pleased to announce the appointment of Michael Turko, BSc. Geol., to its Board of Directors.

"Mike's experience as President & CEO of both private and public Canadian resource companies will complement the existing international strength of our Board. He will also be an independent director on the Company's audit committee", said Mr. Kaare Foy, Great Panther's Executive Chairman & CFO.

Mr. Turko obtained his Bachelor of Science (Geology) degree at the University of British Columbia in 1981.

In that year he joined Valley Oil & Gas Corp. (a listed VSE company) as a geologist, and became its President in 1983. In 1993 he became President & CEO of Gulf Shores Resources Ltd., (TSX VENTURE:GUL) a listed company with interests in petroleum properties in the North Sea, Texas, Alberta, Manitoba and Newfoundland, a position he currently holds. Mr. Turko also controls several successful private oil & gas companies, and was recently appointed President & CEO of Covik Development Corp. (TSX VENTURE:CKD.H).


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, 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.


Great Panther Resources Limited
Brad Aelicks
(604) 685-6465

Great Panther Resources Limited
Don Mosher
(604) 685-6465
(604) 685-9744
info@greatpanther.com (FAX)

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

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