VANCOUVER, BRITISH
COLUMBIA–(Marketwired – April 9, 2014) – GREAT
PANTHER SILVER LIMITED (TSX:GPR)(NYSE MKT:GPL) (the “Company”)
announces that Mr. Geoff Chater has resigned from his position
as a director of Great Panther as a result of his recent acceptance of the
President and CEO position at Luna Gold.

“I have sincerely
enjoyed serving on the Board of Great Panther and was looking forward to
further contributing; however my recent appointment with Luna Gold
precludes me from continuing in this position. I wish Great Panther, its
directors and employees all the best going forward,” stated Mr. Chater.
Mr. Bob Garnett, Chairman of Great Panther, responded,
“It has been a pleasure to work with Geoff. I wish to thank him for his
contributions to Great Panther and congratulate him on his new role.”

The Company has commenced a
search for a new director to replace Mr. Chater.

ABOUT GREAT PANTHER

Great
Panther Silver Limited is a primary silver mining and exploration company
listed on the Toronto Stock Exchange trading under the symbol GPR,
and on the NYSE MKT trading under the symbol GPL. The Company’s current
activities are focused on the mining of precious metals from its two
wholly-owned operating mines in Mexico,
Guanajuato and Topia.
Great Panther is also in the process of developing its San Ignacio Project
with a view to production in 2014, and has two exploration projects, El Horcon
and Santa Rosa.
The Company is also pursuing additional mining opportunities within Latin
America, with the goal of adding to its portfolio of mineral
properties.

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

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