VANCOUVER, BRITISH
COLUMBIA–(Marketwired – June 25, 2014) – GREAT
PANTHER SILVER LIMITED (TSX:GPR)(NYSE MKT:GPL) (“Great
Panther”; the “Company”) is saddened to report the death of an
employee on Wednesday, June 25th due to a rock fall
at its Topia Mine in Durango State, Mexico.
The accident occurred in the 1522 underground mine, which is one of 11
independent mines comprising the Company’s Topia Mine District.

“We are all deeply
affected by the loss of one of our colleagues and we extend our sincere
condolences to his family and friends and our entire team at Topia”,
stated Robert Archer, President and CEO.

The 1522 mine was closed
immediately, authorities notified and an internal investigation is under way.
Once these investigations are completed the Company will review and implement
any additional safety procedures recommended to prevent such an accident from
recurring at any of our operations. Eliminating all potential safety risks will
remain a priority and we will continue working to create an environment free of
injuries for all of our employees.

ABOUT GREAT PANTHER

Great
Panther Silver Limited is a primary silver mining and exploration company
listed on the Toronto Stock Exchange under the symbol GPR, and on
the NYSE MKT under the symbol GPL. The Company operates two wholly owned mines
in Mexico: Topia
and Guanajuato. Great
Panther is in the process of developing its San Ignacio Project with
a view to production in the first half of 2014, and has two exploration
projects, El Horcon and Santa
Rosa. The Company is also pursuing additional mining opportunities
within the Americas, with
the goal of adding to its portfolio of mineral properties.

For further information,
please visit the Company’s website at www.greatpanther.com.

CAUTIONARY STATEMENT ON
FORWARD-LOOKING STATEMENTS

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 Canadian securities laws (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 Information Form for the year ended December 31, 2013
and Material Change Reports filed with the Canadian Securities Administrators
available at www.sedar.com and reports on
Form 40-F and Form 6-K filed with the Securities and Exchange Commission
and available at www.sec.gov.

Contact Information:
Great Panther Silver Limited
Robert Archer President & Chief Executive Officer
1-888-355-1766

Great Panther Silver Limited
Rhonda Bennetto Vice President Corporate Communications
1-888-355-1766
[email protected]
www.greatpanther.com