Managemenrt

& Directors

Kaare G. Foy, B.Ec.
Position: Executive Chairman

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As our Executive Chairman and a director, Mr. Foy is responsible for the financial and corporate management and supervision of the affairs and business of our Company and our subsidiaries.

Following graduation from Monash University in Australia, Mr. Foy became an Associate of the Australian Society of Accountants and a Member of the Australian Institute of Directors. In 1995, he emigrated to reside permanently in Canada. For most of his career, he has specialized in company "turnarounds," and has more than 30-years experience serving on the boards of publicly listed companies in Australia , Canada and the United Kingdom, including Loscam Materials Handling Limited in Australia, and Greenchip Investments PLC in the United Kingdom.

Mr. Foy is also Executive Chairman and Chief Financial Officer and a director of Cangold Limited and Monarch Energy Limited, the President of Oceanic Management Limited, a director of CGA Mining Limited and a director of Golden Prospect Precious Metals Limited, an AIM-listed company.

Robert A. Archer, P.Geo.
Position: Chief Executive Officer & President

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As our President, Chief Executive Officer and a director, Mr. Archer is responsible for the day-to-day operations of our Company and for the development of our strategic direction. Also, as the President of our Mexican subsidiary, he is responsible for the management and supervision of its affairs and business in Mexico.

Mr. Archer has more than 27-years experience working for mining companies throughout North America, namely Newmont Exploration of Canada Ltd., Rio Algom Exploration Inc., Placer Dome Canada Ltd. and Noranda Exploration Inc. He also served as President of Consolidated Magna Ventures Ltd.

Mr. Archer is the President of R. A. Archer & Associates and Platoro Resource Corp. He also serves as President and Chief Executive Officer and is a director of Cangold Limited, a company publicly listed on the TSX Venture Exchange. He is also a non-executive director of Altair Ventures Incorporated, a company also publicly listed on the TSX Venture Exchange.

Malcolm A. Burne
Position: Director

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Malcolm Burne has been a self-employed investment banker for more than 25 years. He has held directorship of many public companies in Canada, Australia, and Europe. Mr. Burne is currently a director of Jubilee Platinum plc, Golden Prospect Precious Metals Ltd, Commodity Watch plc, Great Panther Resources Ltd and Mano River Resources Inc, all publicly listed companies in the natural resources sector.

John T. Kopcheff, B.Sc. (Hons)
Position: Director

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Mr. Kopcheff has been a director of our Company since August 2001. As a non-executive director, Mr. Kopcheff is Chairman of our Audit Committee, and a member of the Company's Compensation Committee, and Nominating and Corporate Governance Committee.

He is Managing Director of Victoria Petroleum NL, an oil and gas company publicly listed on the main board of the Australian Stock Exchange.

A. Michael Turko, B.Sc. Geol.
Position: Director

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Mr. Turko was appointed to the Board of Directors of the Company on July 7, 2006. As a non-executive director, Mr. Turko is Chairman of our Nominating and Corporate Governance Committee, and is a member of the Company's Audit Committee and Compensation Committee.

Mr. Turko obtained his Bachelor of Science (Geology) degree at the University of British Columbia in 1981. In 1993 he became President and CEO of Gulf Shores Resources Ltd., a company listed on the TSX Venture Exchange, with interests in petroleum properties in the North Sea, Texas, Alberta, Manitoba and Newfoundland, a position he currently holds. Mr. Turko also controls several successful private oil and gas companies, and was recently appointed President and CEO of Monarch Energy Limited, a company listed on the TSX Venture Exchange.

CORPORATE SECRETARY

Wendy Ratcliffe, Dip. Tech. Fin. Mgt
Position: Corporate Secretary

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Ms. Ratcliffe has been our Corporate Secretary since August 2001. She is responsible for making all necessary regulatory filings for our Company and our subsidiaries. Ms. Ratcliffe is also Corporate Secretary of Cangold Limited and Monarch Energy Limited, companies listed on the TSX Venture Exchange.

MANAGEMENT

Raakel Iskanius
Position: Chief Financial Officer

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As our CFO, Ms. Iskanius is responsible for all aspects of the Company's financial management, including financial reporting, analysis of operations and regulatory compliance.

Ms. Iskanius has more than 17 years of experience as a finance professional with the vast majority of her career spent in natural gas utility and multi-branch sectors. A Chartered Accountant, Ms. Iskanius has worked for companies across North America including Terasen Gas Inc., KPMG and The Loewen Group Inc. At Terasen, Ms. Iskanius was Manager, Financial and Regulatory Reporting, and prior to that appointment held the position of Manager, Financial Performance Accounting.

Ms. Iskanius qualified as a Certified General Accountant in 1995 and received her Chartered Accountant designation in 1999.

Charles Brown
Position: Chief Operating Officer

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Mr. Brown was appointed Chief Operating Officer in August 2007. He is a seasoned professional with more than 30 years experience successfully operating and developing mines both in Canada and internationally, from operating small gold mines in Ontario and Venezuela to being Managing Director of Tara Mines Ltd in Ireland, where he was responsible for one of the world's largest underground zinc mines.

Most recently he was the Project Manager for Newgold Inc. during its underground exploration and development program, leading to the completion of a positive feasibility study.

Mr. Brown graduated from Nottingham University, U.K. with an honours degree in Mining Engineering.

Robert Brown, P.Eng.
Position: Vice President of Exploration

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Mr. Brown has been our Vice President, Exploration since April 30, 2004. He is responsible for overseeing all exploration activities undertaken by our Company, and has particular experience in the immediate area of our Company's projects in the Sierra Madre Region of Mexico.

Mr. Brown is a Professional Engineer with a degree in Engineering Geology from Queen's University. His 28-years of experience in the mining industry includes 15-years with Lac Minerals in Canada , culminating in the position of Exploration Manager. For more than 13 years, he held senior management positions in the junior sector, working on projects throughout the Americas , Eastern Europe and Indonesia , primarily in gold and silver exploration.

Ing. Francisco Ramos Sanchez
Position: Vice-President of Business Development

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Ing. Francisco Ramos Sanchez was appointed as Vice President of Business Development in November 2007. In this capacity, Ing. Ramos will seek out new business opportunities for Great Panther, initiate planning and permitting issues for the advancement of the Mapimi Project in Durango, and will continue to oversee various administrative aspects for the Company in Mexico. As one of the co-founders of the Company, and formerly Vice President of Operations (since April 2004), Ing. Ramos was instrumental in Great Panther's acquisition and start-up of the Guanajuato and Topia Mines as well as its San Antonio exploration project.

Prior to that, Ing. Ramos was the Vice President, Operations of our subsidiary MMR, since June 1998. With more than 30-years of experience in the mining industry, Ing. Ramos is a Mexican mining engineer and metallurgist based in Queretaro, Mexico. He obtained a Master's Degree in Mining Engineering from the University of Guanajuato and has worked with senior mining companies such as Peñoles, IMMSA and Minera Autlan. He has consulted for a number of junior to mid-size companies from Canada , Mexico and the United States. He is also the general director of Minco Ingenieria y Construcciones de Queretaro, S. de R.L. de C.V.

Sergio Rios Martinez, MIM, MBA, B. Eco & B.BA
Position: Vice President of Corporate Relations

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Initially a market research analyst and then a financial planning specialist, Sergio Rios was Mexico's Deputy Trade Commissioner to the United Kingdom in 1989, before becoming the Senior Trade Commissioner in The Hague from 1999 to 2001, in charge of more than ten countries. Most recently, he was the Senior Trade Commissioner for Mexico in Vancouver, Canada from 2001 until mid-2008, in charge of western Canada and the Pacific north-western USA.

Ing. Carlos Castro Villalobos
Position: General Manager, Guanajuato Mine Complex

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Ing. Carlos Castro Villalobos was appointed the new General Manager of the Guanajuato Mine Complex in November 2007. Ing. Castro brings 30 years of solid mining experience to the Guanajuato Operation. Having graduated from the Guanajuato School of Mines, Carlos received an early introduction to the mines now owned by Great Panther and, following graduation, spent 2 years working in the Valenciana and San Ignacio Mines, both part of Great Panther's holdings. He subsequently spent 2 years with Peñoles, the world's largest silver producer, and a total of 17 years with Luismin (now owned by Goldcorp). While at Luismin, Carlos worked his way up to the position of General Manager of the Tayoltita Mine in Durango and was instrumental in increasing tonnage and grade at this flagship operation. He has a track record of increasing operating efficiencies, improving communication and accountability, and streamlining operations.

Ing. Javier Ramirez Vargas
Position: General Manager, Topia Mine

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Ing. Ramirez is a Mexican mining engineer with almost 30 years of mining experience. A graduate from the University of Guanajuato , he took the role of Mine Manager at our Topia Mine in early 2006, and brings a wealth of experience to our Company. Prior to joining us, he worked for Plata Panamerica S.A., Real del Monte y Pachua, S.A., Baztan del Cobre, S.A. , Cia Baramin S.A., and Minera la Calentan, among which he served as Mine Superintendent and Mine Manager.