Great Panther Silver Limited, headquartered in Vancouver, Canada, is a profitable primary silver producer with strong leverage to future rises in the price of silver. The Company owns two operating mines in Mexico, and employs almost 1000 people.

Great Panther's mission is to become a leading primary silver producer by acquiring, developing and profitably mining precious and base metals in Latin America. We are committed to conducting ourselves with fairness and integrity, and managing all business activities in an environmentally responsible and cost-effective manner, while contributing to the well-being of the communities in which we live and work.

Our primary goal is that of profitable growth, as we feel this is the key to maximizing long-term shareholder value. Our specific objectives are to grow production and earnings from mining operations and maintain positive cash flow while continuing to actively pursue exploration and development opportunities in Latin America.

Guanajuato Mine Complex

The Guanajuato Mine Complex is Great Panther Silver's flagship operation. The property consists of 32 claims, totalling 2,621 hectares. The concessions are 100% owned by Great Panther's Mexican subsidiary, Minera Mexicana El Rosario, S.A. de C.V. The main claim block covers 4.2 km of the highly significant Veta Madre vein structure and is located on the Central Plateau of Mexico in the State of Guanajuato. The City of Guanajuato, where the mines are located, is 380 km by road northwest of Mexico City and is serviced by an international airport near the city of Leon.

Robert F. Brown, P. Eng., Vice President of Exploration for the Company is the Qualified Person for both the Guanajuato mine and the Topia mine, under the meaning of NI 43-101. Charles Brown, Chief Operating Officer, oversees aspects of Great Panther Silver's mines relating to mining and metallurgy.

San Ignacio Property

The San Ignacio Property is a group of contiguous leases of covering approximately 4.5 km in length of the strike of the precious metal bearing La Luz vein system which is located about 8km to the north west of the city of Guanajuato in the state of Guanajuato, Mexico. Great Panther holds a 100% interest in the Property through its wholly owned Mexican subsidiary, Minera Mexicana El Rosario, S.A.de C.V.

Silver was first found in the area in 1548 and there are seven historical shafts and numerous pits on the property.

Great Panther Silver began actively exploring the area in 2009 and initiated a diamond drilling program in October of 2010 and is still ongoing. A total of 9,600 metres of drilling have been budgeted for 2012.

A NI 43-101 compliant initial Mineral Resource Estimate was released in May 2012, superseding the one released in October 2011. The new Inferred mineral resource is estimated to contain 6,894,000 Ag eq oz in 826,000 tonnes averaging 121g/t silver and 2.28g/t gold (using a 125g/t Ag Eq cut-off). This version 2 resource estimate fills in and expands the strike length of the mineralized zones to 650 metres. It also increases the tonnage by 35%, and the Ag eq oz by 53% over the previous estimate.

The San Ignacio Project is expected to realize its potential during 2012 with an intensive exploration and mine development program being planned and will no doubt add to the growth potential for 2013.

 

 

Topia Silver-Lead-Zinc property

 

 

The Topia Silver-Lead-Zinc property is located in the heart of the Topia Mining District in west-central Durango State, Mexico. The property is accessible by road from the city of Durango by traveling north for approximately 200 km on paved Highway 23, and west for 150 km on a paved and gravel road to the town of Topia. The town is presently served by daily small-aircraft flights to the city of Culiacán, which lies 100 km to the southwest. Topia is the principal centre for the area with schools, shops, a small hospital, and public telephone and internet access.

The property consists of four discrete blocks of mineral exploitation concessions covering 6,438 hectares. The concessions are 100%-owned by Great Panther's Mexican subsidiary, Minera Mexicana El Rosario, S.A. de C.V.

In February of 2005, MMR exercised its option to earn a 100% interest in the core concessions. The surrounding concessions were staked by the Company and are also owned 100%. There is no underlying Net Smelter Royalty on the property.

The Topia Mines are managed by Ing. Javier Ramirez Vargas. Robert F. Brown, P. Eng., Vice President of Exploration for the Company is the Qualified Person for both the Guanajuato mine and the Topia mine, under the meaning of NI 43-101. In addition, Charles Brown, Chief Operating Officer, oversees aspects of Great Panther Silver's mines relating to mining and metallurgy.

 

R. W. (Bob) Garnett, CA, ICD.D. Chairman
Mr Garnett is a Chartered Accountant in the Province of British Columbia and obtained a Bachelor of Arts (Commerce) from Simon Fraser University. He is currently the Vice-Chair of the South Coast British Columbia Transportation Authority (Translink) and chairs their Audit Committee. He also serves on the board of VRX Worldwide Inc. and is chair of the Audit Committee. From 2009 to 2010 he was a director and member of the Audit Committee of Central 1 Credit Union which is the liquidity provider to credit unions in Ontario and British Columbia. In 2007 he completed the Certified Director's Program with the Institute of Corporate Directors.

Robert A. Archer, P.Geo. Director, Chief Executive Officer & President
As our President, Chief Executive Officer and a director, Mr. Archer is responsible for the day-to-day operations of our Company and for the development of our strategic direction. Also, as the President of our Mexican subsidiaries, he is responsible for the management and supervision of their affairs and business in Mexico.

Mr. Archer has more than 30 years experience working for mining companies throughout North America, including Newmont Exploration of Canada Ltd., Rio Algom Exploration Inc., Placer Dome Canada Ltd. and Noranda Exploration Inc. He also served as President of Consolidated Magna Ventures Ltd.

Mr. Archer also serves as President and Chief Executive Officer and is a director of Cangold Limited, a company publicly listed on the TSX Venture Exchange. He is also a non-executive director of Altair Ventures Incorporated, a company also publicly listed on the TSX Venture Exchange.

John T. Kopcheff, B.Sc. (Hons) Director
Mr. Kopcheff has been a director of our Company since August 2001. As a non-executive director, Mr. Kopcheff is Chairman of our Compensation Committee, and a member of the Company's Audit Committee and Nominating and Corporate Governance Committee.

Mr. Kopcheff is a geologist and acquired a Bachelor of Science (Honours) degree from the University of Adelaide in geology and geophysics. He has gained over 36 years of extensive petroleum exploration experience in Australia, Southeast Asia, USA, South America and the North Sea, both in field geological operations and management. Mr. Kopcheff was for 26 years the Managing Director of Victoria Petroleum NL (recently renamed Senex Energy Limited), a company publicly listed on the main board of the Australian Stock Exchange. Mr Kopcheff is also a non-executive director of Greenearth Energy Limited, also a company publicly listed on the Australian Stock Exchange.

Kenneth W. Major, P. Eng.
Mr. Major graduated from McGill University with a degree in Metallurgical Engineering in 1976. He brings to the Company more than 35 years of experience in the mining industry, including operations and management with Sherritt Gordon Mines and Newmont Mining. In 1994 he became an owner/partner in the start of Rescan Engineering Ltd., an engineering company providing feasibility study and engineering services to the mining industry. Rescan Engineering Ltd. was subsequently acquired by HATCH Engineers and became the global hub for the development of mining and mineral processing engineering opportunities. In 2006 Mr. Major left HATCH Engineers to become an independent processing consultant, KWM Consulting Inc., and has continued to provide services to the mining community, including major companies such as Newmont Mining, Goldcorp and Agnico-Eagle.

May 4, 2012

Share Structure

Shares Issued:    

137,590,919

Underwriter Warrants:    

316,250

Executive, Consultant and Employee Options:    

4,091,500

Fully Diluted:    

141,998,669