Great Panther Resources Limited

Great Panther Resources Limited

November 30, 2007 12:44 ET

100% Exercise of Great Panther "I" Warrants

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 30, 2007) - GREAT PANTHER RESOURCES LIMITED (TSX:GPR) is pleased to announce that one hundred percent of its two-year "I" warrants issued in November 2005 have been exercised, prior to their expiration date today.

In addition, all agents' warrants issued in connection with the November 2005 placement have also been fully exercised. Total proceeds of the "I" warrants and agents' warrants were $4 million.

These proceeds have been and will be used to further mine development and resource delineation, to fund production increases at the Company's 100% owned producing mines at Topia and Guanajuato, and to continue expansion of the resource base at the Mapimi Project in Durango, Mexico.

Great Panther is currently drilling three projects from surface and is conducting a deep underground drilling program at the Guanajuato Mine, where the first results have confirmed the depth continuity of high grade silver-gold mineralization (GPR news release, November 29, 2007).


Kaare Foy: Executive Chairman


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, 2006 and reports on Form 6-K filed with the Securities and Exchange Commission and available at and Material Change Reports filed with the Canadian Securities Administrators and available at

SEC 20-F Statement Filed; Standard & Poor's Listed

Contact Information