Great Panther Silver treibt El Horcon Projekt voran

Vancouver, British Columbia, 21. October 2013. Great Panther Silver Ltd. (TSX: GPR; NYSE MKT: GPL; WKN: A0Y H8Q) ("The “Business”) announced, that the initial resource estimate for the El Horcon project is completed and the results are sufficiently satisfactory, so that the company will continue with the approval process for the next phase of exploration.

“We look forward, that the El Horcon mineralization exhibits good continuity and has the potential for more tonnage with similar content, as was noted in the initial drilling program” says Robert Archer, President and CEO. “As the mineralization is very close to the surface and the project in trucking distance to our processing plant in Guanajuato is located, we expect the continuation of drilling, to define a larger resource base. Our goal is the development of El Horcon to a satellite operation of Guanajuato, similar to our San Ignacio project.”

An internal resource estimate was made in the third quarter, based on the first 24 Holes on 2.156 m extensive surface drilling program, which was completed during the second quarter. The drill program tested 650 m strike length along the vein and various Diamantillo Abspreizungen and nearby parallel structures and veins, within one running from northwest to southeast corridor of structure 6 km in length with a width of 2,5 km occur.

The mineral resource estimate is the 31. August is valid and applies to any resource. The Company cautions, that there is no guarantee, that a sufficient amount of additional mineralization can be found with the appropriate content, to make the project economically attractive. The inferred mineral resources are not mineral reserves and do not have any proven economic viability. The work previously performed only give the company the necessary confirmation, To begin the next phase,. The table summarizes the inferred resource estimate for the Diamantillo, Diamantillo HW, Natividad and San Guillermo wires together.

To view the entire press release, please follow the link:

http://www.irw-press.com/dokumente/GPS_221013_DE.pdf

Notes:

1. CIM definitions were followed for Mineral Resources.

2. Inferred Mineral Resources as reported at cut-off of 110 USD / Tonne.

3. Densities are used: 2,77 t/m3 (Diamantillo), 2,62t/m3 (Diamantillo HW), 2,57t/m3 (Nativity) and 2.78 t/m3 (San Guillermo).

4. Total may differ due to rounding.

5. /t is based on prices for Ag = 24 USD/oz; Au = 1.440 USD / oz and Pb = 1,00 USD/lb.

6. Contained ounces were calculated using 1 oz = 31,1035g.

7. Minimum true width of the sections was 1,0 m.

El Horcon includes 7.908 hectares in the state of Jalisco in Mexico, Guanajuato is located on the structure and trend approximately. 80 km highway road miles from Great Panther's Guanajuato Mine Complex. The project hosts a historic mining, which dates back to the times of the Jesuits, but the scope of the earlier production is unknown. There are several underground tunnels, the largest of which is the tunnel Diamantillo. ElHorcon has 9 known silver-gold-lead-zinc veins, which the Diamantillo vein at the surface over 4 can be traced km.

Preliminary metallurgical testing in the facilities of the company in Guanajuato, that the El Horcon mineralization is compatible with the current regrind. Even if further tests are necessary, so that an nimmt, that the yields of approximately ElHorcon 92% in gold and 80% can be in silver.

In the above-mentioned metal prices and using Great Panther existing smelter terms containing the first resource about. 2,47 My. oz Silberäquivalent. Although this is not sufficient for production decision, the company of the nature and continuity of the mineralization is encouraged. Since the veins are open in all directions, will test the strike and depth extent of the mineralization to the next phase of drilling.

Highlights include the Phase I drill program:

To view the entire press release, please follow the link:

http://www.irw-press.com/dokumente/GPS_221013_DE.pdf

Note: Core lengths do not necessarily represent true widths.

Robert F. Brown, P. Closely. and Vice President for Exploration of the Company is the Qualified Person under NI 43-101 für das ElHorcon Project. Great Panther is a producing issuer and the mineral resource estimate was prepared in accordance with NI internally 43-101 Completed standards under the supervision of Mr Brown. It is followed by a full program of quality assurance and control, therein including the regular insertion of splits, Leerkernen sowie Standards in Probensequenz. The analysis of core samples in the laboratory was the Guanajuato Mine on-site, which is operated independently of SGS, carried out.

Über Great Panther

Great Panther Silver Limited is a primary silver production- and exploration companies, which is listed on the Toronto Stock Exchange under the symbol GPR and on the NYSE Amex under the symbol GPL. The company's current activities are focused on the mining of precious metals in the two to 100% own mines Topia and Guanajuato in Mexico. Great Panther is attending, to develop his project in San Ignacio and has two exploration projects – The Santa Rosa und Horcon.

For more information, please visit the Company's website at www.greatpanther.com or send an email to info@greatpanther.com

This release contains forward-looking statements under the U.S. Private Securities Litigation Reform Act of 1995 and forward-looking information within the meaning of the Securities Act (Ontario) (together “forward-looking statements”). Able to such forward-looking statements include the production plans for the Guanajuato and Topia Mines in Mexico, the plans for the exploration of other properties in Mexico, the full economic potential of the property and access to adequate financing include. It also may involve known and unknown risks, Uncertainties and other factors, which may cause, the actual results, Performance and achievements of those in such forward-looking statements expressed or implied to differ significantly. Such factors include, among others, risks and uncertainties relating to potential political risks involving the company's operations in foreign jurisdictions, Uncertainties in the estimates of production costs and the potential for unexpected costs and expenses, physical risks inherent in mining, Currency fluctuations, Fluctuations in the price of silver, Gold and base metals, the completion of economic evaluations, Changes in project parameters for the optimization of the plans, the inability or failure to obtain adequate financing on a timely completion and other risks and uncertainties, including the annual report of the Company for the year ended 31. December 2012 year ended and filed with the Canadian Securities Administrators and available at www.sedar.com and reports significant changes in documents filed with the Securities and Exchange Commission at www.sec.gov and comprehensible reports on Form 40-F and Form 6 - .

For the contents of the press release alone, the company is responsible. It was neither of the TSX Venture Exchange, under consideration by a third party. The German version can be shortened or summarized. There is no responsibility or liability: for the content, for the accuracy, the adequacy or accuracy of this translation over. From the perspective of the translator, the message does not buy- or sell recommendation is! Please note which filings at www.sedar.com or. www.sec.gov or on the company website!

For more information, contact:

Robert Archer
Präsident und Chief Executive Officer
1-888-355-1766

Rhonda Bennetto
Vice President for Corporate Communications
1-888-355-1766

info@greatpanther.com
www.greatpanther.com

German investors:
Metals& Mining Consult Ltd.
Tel.: 03641 / 597471

For the correctness of the translation is any liability assumed! Please note original English message!

Which filings can be found at:
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