Great Panther Appoints New CFO and Adds Board Member

Great Panther Silver (NYSE-Amex: GPL; TSX: GPR) has appointed Martin Carsky B.Sc., CA to the newly created position of Executive Vice President and Chief Financial Officer, effective June 1, 2011. He is therefore stepping aside as an independent director.  In addition and joining the Board of Directors as the new Chairman of the Audit Committee effective immediately is Bob Garnett, a Chartered Accountant who has completed the Director Education Program, Institute of Corporate Directors and earned a Bachelor of Arts (Commerce) from Simon Fraser University.

Martin Carsky is a senior financial executive with more than twenty years experience in capital markets, mergers, acquisitions, restructuring and corporate governance, and was formerly an independent director and chairman of Great Panther’s audit committee. “Martin’s depth of general business experience, financial reporting and financial oversight background, combined with his M&A experience, will be invaluable as Great Panther continues its strong growth and looks to evaluate further corporate development opportunities,” said Kaare Foy, the Company’s Executive Chairman.

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