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Great Panther Closes $4.05 Million Convertible Loan Notes Placement

July 13, 2007
GREAT PANTHER RESOURCES LIMITED (TSX: GPR; "the Company") has closed the private placement of $4.05 million Convertible Loan Notes announced on July 4, 2007. The Notes are unsecured, bear interest at 8% per annum, payable quarterly, and mature on July 14, 2011. Prior to or on maturity the principal amount of the Notes or any portion thereof is convertible into common shares of the Company at the conversion price of $2.25 per share.

The Notes and any common shares issued on conversion are subject to hold periods expiring November 14, 2007.

For further information please visit the website at greatpanther2012.q4web.com or contact Brad Aelicks at telephone 604 685 6465, fax 604 685 9744 or e-mail info@greatpanther.com.

ON BEHALF OF THE BOARD

"Kaare G. Foy"

Kaare G. Foy
Executive Chairman

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