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Great Panther Silver's Chief Operating Officer Soltani to step down from current role

Silver mining company says COO instead will serve part-time as senior technical adviser
miner holding nugget of silver
Exec says he can 'start to transition now with the comfort that the company has a promising future'

Great Panther Silver Limited (TSX:GPR, NYSE:GPL) said Ali Soltani will be stepping down from his role as chief operating officer of the Vancouver-based silver mining company effective 31 May 2018.

Great Panther said Soltani will continue to provide services on a part-time basis until 30 September 2018 as senior technical adviser to Great Panther's management team.

"On behalf of the board and all the employees of Great Panther, I want to sincerely thank Ali for his dedicated service to the company as COO and wish him the best in his next chapter," Jim Bannantine, Great Panther president and CEO, said. "Ali joined us in 2014, and we have benefited greatly from his leadership, expertise and extensive experience in the mining industry."

Soltani said there is "never a perfect time to leave an organization like Great Panther. However, I believe the team the company has in place to execute on current operations, develop projects and grow the business is strong, so I can start to transition now with the comfort that the company has a promising future."

Most recently, Soltani served as the lead executive for Great Panther's Coricancha Project in Peru. Great Panther said it remains on track to deliver an updated technical study on Coricancha before the end of the second quarter, and Soltani will continue to support the project over the following months in his capacity as senior technical adviser.

Great Panther said its current activities are focused on the mining of precious metals from its two wholly owned operating mines in Mexico: the Guanajuato Mine Complex and the Topia Mine. The company also is evaluating the restart of the Coricancha Mine, which it acquired in 2017, and continues to pursue the acquisition of additional mining operations or projects in the Americas.

The company did not indicate whether it will fill the COO role.

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