Great Panther Continues Record-Setting Growth With Q2 Production

VANCOUVER, BRITISH COLUMBIA, Jul 07 (MARKET WIRE) --
GREAT PANTHER RESOURCES LIMITED (TSX: GPR) (the "Company") is pleased to
report production results for the second quarter of 2009, including
record metal production, some of the best metallurgical results to date,
and record quarterly silver production from the Topia mine.

Second Quarter ("Q2"), 2009 highlights from the Guanajuato and Topia
silver mines include:

- Total metal production of 499,845 Ag eq oz, a 15% increase from Q2 2008
and a new record.

- Total silver production of 333,358 Ag oz, a 16% increase from Q2 2008.

- Guanajuato metal production of 327,295 Ag eq oz, a 19% increase from Q2
2008.

- Guanajuato silver production of 220,742 Ag oz, a 9% increase from Q2
2008.

- Guanajuato metallurgical recovery of gold, at 84.6%, a quarterly record.

- Guanajuato concentrate quality, at 15,126 g/t Ag and 94.5 g/t Au, a
record high.

- Topia metal production of 172,550 Ag eq oz, a 7% increase from Q2 2008.

- Topia silver production of 112,616 Ag oz, a record high and a 32%
increase from Q2 2008.

- Topia metallurgical recoveries of silver and zinc, at highs of 88.8%
and 87.3% respectively.

- New, lower cost, concentrate sales contracts for Topia.

- First, NI 43-101 compliant, 5 million Ag eq oz, resource for Guanajuato
Deep Cata Clavo zone.

To view the graph accompanying this release please click on the following
link: http://media3.marketwire.com/docs/gpr0707.jpg

(Note: Silver equivalent ounces, (Ag eq oz), for 2009, are established
using prices of US$850/oz Au, US$11/oz Ag, US$0.50/lb Pb and US$0.50/lb
Zn.)

Guanajuato Mine

Second quarter metal production at Guanajuato totaled 220,742 oz silver
and 1,379 oz gold, or 327,295 Ag eq oz, from milling 32,607 tonnes of
ore. The average ore grade, at 254g/t Ag, and 1.55g/t Au, (12.02 Ag eq
oz), represents a 21% increase in the silver equivalent grade when
compared to Q2 2008.

Mining continues to focus on the higher grade areas of Cata, Rayas and
Guanajuatito. The change to cemented rebar ground support resulted in
improved ore tonnes and grade from Guanajuatito. Production at Cata, by
cut-and-fill mining, continued from the 460 and 417 levels on the Veta
Madre vein. Development on the Alto 1 and Alto 2 veins demonstrated vein
continuity and excellent ore quality. Rayas production was achieved from
a combination of remnant and pillar recovery from the main Rayas Clavo
and San Pio areas and stoping and development on the Santa Margarita
gold-rich vein.

Guanajuato plant performance continues to be excellent. Metal recoveries
for Q2 2009 averaged 84.6% for gold and 83.0% for silver compared to Q2
2008 recoveries of 78.3% and 84.0%, respectively. The quality of
concentrate produced for sale to the IMMSA copper smelter was a record
high of 94.5g/t gold and 15,126g/t silver.

The first NI 43-101 compliant indicated mineral resource of 351,000
tonnes at 1.19g/t Au and 359g/t Ag was reported (see Great Panther news
release dated June 30, 2009) for the Deep Cata Clavo Zone. The indicated
resource, covering a small strike length of 150 metres of the 4.2 km long
Guanajuato deposit, contains 13,000 oz Au and 4,071,000 oz Ag or
5,032,000 Ag eq oz. An additional 231,000 oz silver and 765 oz gold, or
285,000 Ag eq oz have also been estimated in the inferred category.
Exploration for the extensions of and/or ore definition diamond drilling
for the Cata Clavo and other high grade areas continue from stations
located adjacent to current underground workings. An exploration drift is
being driven on the 390 level at Rayas to facilitate deep drilling of the
extensions of the Rayas Clavo and other veins.

Topia Mine

Metal production for the second quarter totaled 112,616 oz Ag, 125 oz of
Au, 513,338 lbs of Pb, and 594,677 lbs of Zn, or 172,550 Ag eq oz, from
milling 7,837 tonnes of ore. The silver production is a quarterly record
for Topia and represents a 32% increase from Q2 2008. The ore grades, at
503g/t Ag, 0.59g/t Au, 3.23% Pb and 3.94% Zn, or 24.82 Ag eq oz,
represent a 28% improvement over Q2 2008.

Topia plant performance continues to excel with metal recoveries of 88.8%
for Ag (a record), 83.4% for Au, 92.0% for Pb and 87.3% for Zn (a
record). Concentrate qualities were high, with the lead concentrate at
57.0% Pb and 8,207 g/t Ag, and the zinc concentrate at 53.1% Zn. In
addition to processing the 7,837 tonnes from the Company's mines, 2,171
tonnes were custom milled for a local miner, thereby increasing revenue
and keeping unit costs down.

Topia focuses on the clean mining of high-grade narrow veins using a
modification of cut-and-fill known as resue mining. Exploratory
development is limited to known areas where there is high potential for
wider and higher grade veins. Elsewhere the emphasis is towards stoping
with excellent grade control. Improved vein grades and widths continued
on the San Gregorio, Rosario, Don Benito, Recompensa and Cantarranas
veins. Stope preparation development is well underway for the Argentina
level 2 and the grade of ore being mined here is expected to improve
further.

New long term contracts for the sales of Topia's concentrates were signed
with Louis Dreyfus Commodities Metals Suisse S.A., part of one of the
world's largest commodities trading companies. The new terms represent a
significant unit cost saving for Topia.

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

Copyright 2009, Market Wire, All rights reserved.

-0-