Discovery Research Report Issued on Great Panther Resources

In Q1:08 gross profit surged 377.9%, and the gross profit margin
on incremental revenue was a powerful 65.6%
NEW YORK--(Business Wire)--
Laguna Research Partners LLC has issued a Discovery Research
report on Great Panther Resources Limited (TSX: GPR) dated July 17,
2008, citing a "world-class silver mine" and steadily increasing
production.

The full report, including important disclosures and analyst
information, can be accessed at http://www.investrendresearch.com, and
may be directly accessed via this link:
www.investrend.com/Admin/Topics/Articles/Resources/3_1216340005.pdf.
Investors are advised to read disclosures carefully before trading in
the equities of any enrolled company.

From the report:

"In Q1:08, the most recent quarter for which detailed data is
available, Great Panther reported a sharp improvement in operating
results. Revenue was up a strong 54.6% year-on-year (YoY), gross
profit surged 377.9%, and the gross profit margin on incremental
revenue was a powerful 65.6%. The Company's operating loss was reduced
in the quarter by nearly C$0.5 million, and the operating profit
margin on incremental revenue was an impressive 21.8%.

"The crown jewel in Great Panther's property portfolio is a
world-class silver mine complex in Guanajuato, Mexico, one of the most
prolific silver districts in the world. Since silver was first
discovered in Guanajuato in 1548, the district has given up an
estimated 1.2 billion ounces of silver and an estimated 5.0 million
ounces of gold. Great Panther's three principal Guanajuato mines are
situated on a 4.2-kilometer section of the main Mother Lode structure
that extends for 25 kilometers-plus.

"Great Panther commenced production in Guanajuato in June 2006,
and production has climbed steadily from just over 70,000
silver-equivalent ounces in Q4:06 to more than 275,000
silver-equivalent ounces in Q2:08.

"The price of silver bullion has increased by more than 40.0% over
the past year. Since year-end 2002, the price of silver has increased
at a compound annual rate of 29.4%. While the demand for silver from
the photography industry has dropped sharply with the advent of
digital photography, new industrial uses for silver--these are
primarily in the electronics sector--are emerging as important demand
drivers and more than offset the decline in photography. We expect
that new applications exploiting silver's anti-bacterial
qualities--these applications include water purification, bandages and
clothing--could bring new sources of demand into the marketplace. In
our opinion, a surging standard of living in China and India is also
likely to boost long-term silver demand and create a bullish
environment for silver prices."

About Great Panther Resources Limited

Great Panther Resources (http://www.greatpanther.com), founded in
2004, states its mission as, "To become a leading primary silver
producer by acquiring, developing and profitably mining precious
metals in Mexico." Great Panther further states, "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."

With established local management and infrastructure in Mexico,
Great Panther's immediate, stated goal is "to realize positive cash
flow through progressively increasing production."

Additional information regarding Great Panther Resources can be
accessed at the Company's dedicated "InvestorPower(TM) Page" at
www.investrend.com/company/company.asp?sCompany=1456&Submit=Find.
Anyone interested in receiving alerts regarding Great Panther
Resources research should email firstalert@investrend.com or
research@investrend.com with "GPR" in the subject line.

About Laguna Research Partners LLC

Laguna Research Partners (http://www.lrponline.net and
http://www.lrp-bi.net), founded in 1998 and headquartered in southern
California, is a privately-held investment research and business
intelligence firm that produces company, industry, economic and
geo-strategic research, analysis and forecasting. Our objective is to
provide our research users and consulting clients with proprietary,
actionable insights. LRP's research users and consulting clients
include institutional investors, venture capital investors, public
companies, development stage companies, state and federal government
legislators and universities.

About the Investrend Research Syndicate

The Investrend Research Syndicate, a proprietary entity of
Investrend Communications, Inc., distributes research reports
published by sources that we deem to be dedicated to unbiased,
reliable and transparent analytics. Our primary measure for vetting
those sources is the "Standards for Independent Research Providers" as
promulgated by the FIRST Research Consortium.

Disclosure

Investrend Communications, Inc. ("Investrend Communications")
(http://www.investrend.com) was compensated US five-thousand dollars
by Great Panther Resources Limited ("Great Panther") for the
publication of one Discovery Research report and related distribution
and visibility services. In turn, Laguna Research Partners was
compensated US two-thousand five-hundred dollars by Investrend for the
publication of one Discovery Research report regarding Great Panther,
and payment was made prior to the issuance of that report. No Laguna
Research Partners or Investrend Communications partner, owner,
officer, employee or the analyst(s) writing regarding Great Panther
Resources Limited for either firm holds a position in and/or engages
in transactions with respect to the securities of Great Panther
Resources Limited. Full disclosure information is incorporated into
the report, and can be accessed at http://www.investrendresearch.com
and http://www.lrponline.net.

"Safe-Harbor" Statement

This announcement contains forward-looking information within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended (the "Exchange Act"), including statements regarding potential
sales, the success of the company's business, as well as statements
that include the word "believe" or similar expressions. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results,
performance or achievements of Great Panther Resources Limited to
differ materially from those implied or expressed by such
forward-looking statements. Such factors include, among others, the
risk factors included in reports filed with the SEC under the Exchange
Act. This press release speaks as of the date first set forth above
and Great Panther Resources Limited assumes no responsibility to
update the information included herein for events occurring after the
date hereof. Actual results could differ materially from those
anticipated due to factors such as the lack of capital, timely
development of products and services, inability to deliver products
and services when promised, inability of potential customers to pay
for ordered products and services, and political and economic risks
inherent in international trade.

Great Panther Resources Limited
Brad Aelicks, B&D Capital
Phone: 604-685-6465
Email: info@greatpanther.com
Website: www.greatpanther.com
or
Investrend Communications, Inc.
Phone: 212-709-8075
Email: research@investrend.com
Website: www.investrendresearch.com

Copyright Business Wire 2008