Great Panther Adds New COO To Management Team
GREAT PANTHER RESOURCES LIMITED (TSX: GPR) is pleased to announce the
appointment of Mr. Charles Brown to the position of Chief Operating
Officer of the Company.
Mr. Brown is a proven leader and seasoned professional with more than
30 years experience successfully operating and developing mines in
Canada and internationally. Having graduated from Nottingham
University, U.K. with an honours degree in Mining Engineering, his
experience ranges 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 at the Afton
Mine in British Columbia, leading to the completion of a positive
feasibility study. Charlie has a track record of increasing
productivity, reducing unit costs, improving safety and turning
unprofitable operations into profitable ones.
"With production increasing at both our Topia and Guanajuato Mines, we
are focusing on improving efficiencies to better reflect the
outstanding potential of these two operations, and we believe that
Charlie will be instrumental in achieving our goals. We are extremely
pleased to have Charlie join Great Panther, particularly in the current
competitive environment for qualified mining engineers", said Bob
Archer, the Company's President & CEO.
The Company has granted stock options to two senior officers, including
Mr. Brown, and to three employees to purchase an aggregate of up to
550,000 shares. Rather than exploit the share price in the current
volatile market, the options are exercisable at $2.00 per share for a
period of five years.
For further information please contact Brad Aelicks or Don Mosher at
telephone 604 685 6465, fax 604 899 4303 or e-mail
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 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 parametres 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.
Copyright (c) 2007 GREAT PANTHER RESOURCES LIMITED (GPR) All rights
reserved. For more information visit our website at
http://www.greatpanther.com/ or send mailto:firstname.lastname@example.org