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Dissident Members Abandon Lawsuit Against Cooperativa

June 15, 2007
GREAT PANTHER RESOURCES LIMITED (TSX: GPR) advises that the Company has, today, received a copy of the official Court documents evidencing that the five dissident members of the Sociedad Cooperativa Minero Metalurgica Sante Fe (the "Cooperativa"), through their representative member, have abandoned their legal action against the Cooperativa, its management and others, including the Company and its subsidiary Minera Mexicana el Rosario, S.A. de C.V. ("MMR"), and a public official. MMR purchased the Company's Guanajuato Mine from the Cooperativa in 2005.

Great Panther's Mexican counsel has informed management that "the abandonment was officially acknowledged by the Court" and awaits final Judicial confirmation, after which the lawsuit cannot be re-initiated by the five dissidents.

The Company further advises that these proceedings have had no effect on operations at the Guanajuato Mine.

For further information please contact Robert Archer or Kaare Foy at telephone 604 608 1766, fax 604 608 1744 or e-mail info@greatpanther.com.

ON BEHALF OF THE BOARD

"Robert A. Archer"
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, 2006 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.

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