Great Panther Resources Limited
TSX VENTURE : GPR

Great Panther Resources Limited

September 14, 2005 18:47 ET

Great Panther Increases Brokered Private Placement

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Sept. 14, 2005) - GREAT PANTHER RESOURCES LIMITED (TSX VENTURE:GPR) (the "Company") has increased its brokered private placement announced on July 20, 2005 to 12,363,000 units from 11,500,000.

As announced earlier today, the Company has closed the first tranche of 8,068,000 units at $0.45 per unit for gross proceeds of $3,630,600. The balance of 4,295,000 units will be offered in a second tranche. The terms of the second tranche will be the same as the terms of the first tranche.

ON BEHALF OF THE BOARD

Kaare G. Foy, Chairman and CFO

SEC 20-F Statement Filed

Standard & Poor's Listed

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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