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Great Panther announces new CEO

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Global Mining Review,

Great Panther has announced changes to the Board of Directors and Senior Management team.

New President and CEO

Rob Henderson has been appointed President and CEO, effective 21 April 2020. Henderson is a professional engineer and seasoned mining executive with 35 years of experience in operations, capital projects and mining finance. Most recently, Mr. Henderson was President and CEO of Amerigo Resources Ltd, a copper producer with as-sets in Chile.

"We are thrilled to welcome Rob to the Great Panther team," said Lead Independent Director, Bob Garnett. "His strong technical skills, combined with operating and executive experience and extensive track record in Latin America make him ideal to lead Great Panther through its next stage of growth."

"I am very excited to join Great Panther as CEO," said Henderson. "My immediate priorities will be to continue building on cost and operating efficiencies at Tucano and grow production at all three mines. I see tremendous potential in the asset base and am looking forward to leading the company through this period of transition into a mid-tier precious metals producer."

Board Chair and Interim President and CEO Jeffrey Mason has stepped down from both roles and has resigned from the Board of Directors; however, he will continue to provide consulting services to the company to ensure a smooth transition of the executive duties.

New Board Chair

Great Panther's Nominating and Corporate Governance Committee has recommended, and its board has approved, the appointment of David Garofalo as incoming Board Chair, effective immediately. Garofalo was most recently President and CEO of Goldcorp Inc. until its sale to Newmont Corp. in April 2019, creating the world's largest gold mining company.

"I am delighted to be entrusted with the opportunity to perpetuate Bob Archer's entrepreneurial culture at Great Panther as I support our new CEO, Rob Henderson, in the optimisation of our operations," said David Garofalo. "I believe Great Panther represents a compelling value proposition to gold investors and an excellent platform for growth."

New Board Directors

In addition to Mr. Garofalo, Joseph Gallucci and Alan Hair will join the Board effective immediately. Gallucci and Hair are both experienced mining professionals with strong track records of creating shareholder value in the mining industry.

Robert (Bob) A. Archer

Bob Archer will remain on the Board until the upcoming AGM on 24 June 2020 but will not stand for reelection at the AGM and will, instead, continue to serve the company in an advisory capacity. Archer is a co-founder of the company and served as President and CEO from 2004 until stepping down in 2017. He has remained a Director since that time and has served as Chair of the Safety, Health, Environment, Social, Technical and Operations Committee.

New Vice President, Investor Relations

Also joining the company, effective immediately, is Meghan Brown in the role of Vice President, Investor Relations. Brown is a consummate investor relations professional with a 25-year track record in the mining sector. Most recently she was Vice President, Investor Relations with Leagold Mining Corp., which merged with Equinox Gold in March 2020. Prior to Leagold, Brown served as Director, Investor Relations at Endeavour Silver Corp. from 2013 to 2017.

"We are delighted to add Meghan to the Great Panther team," commented Garnett. "She is acknowledged as a professional among her peers in the investor relations field and we look forward to having her lead that important role for the Company. Her appointment also marks the third woman among our executive ranks, underscoring our commitment to ensuring a diverse leadership team."

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