Great Panther Resources Limited (Great Panther) is a Canada-based mining and exploration company. The Company’s activities are focused on the mining of precious and base metals from its two wholly owned mines in Mexico. In addition, Great Panther is also involved in the acquisition, exploration and development of other properties in Mexico. The Company has two primary mining properties: Topia Mine and Guanajuato Mine. It has two primary exploration properties: Mapimi and San Antonio. The Company’s wholly owned subsidiaries include Minera Mexicana el Rosario, S.A. de C.V., Metalicos de Durango, S.A. de C.V., Minera de Villa Seca, S.A. de C.V., Exploraciones Mineras el Rosario, S.A. de C.V. and New Age Investments Inc. As of December 31, 2008, New Age Investments Inc. was inactive.