Great Panther Continues Record-Setting Growth With Q2 Production

At the midway point in the year, metal production from both operations, at 0.98 million Ag eq oz, is ahead of plan and Great Panther remains on target to meet or exceed its annual goal of 2.07 million Ag eq oz. Costs are being controlled and the improved concentrate sales contracts for Topia facilitates lower unit costs and higher profitability. Combined unit costs for the two mines are estimated to be in the range of US$6.00 to US$6.50 per oz Ag, net of by-products for the year 2009. Both Guanajuato and Topia are 100% owned by Great Panther.

Robert F. Brown, P.Eng. and 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. Aspects of both mines relating to mining and metallurgy are overseen by Charles Brown, Chief Operating Officer for Great Panther and its Mexican subsidiary, Minera Mexicana El Rosario, S.A. de C.V.

ON BEHALF OF THE BOARD

Robert A. Archer, President & CEO

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, 2008 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

Contacts: B&D Capital 604 685 6465 604 899 4303 (FAX) info@greatpanther.com www.greatpanther.com