GREAT PANTHER SILVER LIMITED (TSX: GPR; NYSE MKT: GPL) (“Great Panther”; the “Company”) announces production results for the first quarter (“Q1”) 2017 from its two whollyowned Mexican silver mining operations: the Topia Mine in Durango and the Guanajuato Mine Complex (“GMC”), which includes the San Ignacio Mine. First Quarter 2017 Production Highlights (Compared to First Quarter 2016) • Topia processing plant was suspended for the quarter to facilitate planned plant upgrades and the transition to new tailings handling and storage facilities. • This primarily accounted for a 28% decrease in metal production to 727,372 silver equivalent ounces (“Ag eq oz”) • Silver production decreased 32% to 364,995 silver ounces (“Ag oz”) • Gold production decreased 8% to 5,177 gold ounces (“Au oz”) • Ore processed decreased 7%, with 82,456 tonnes milled

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