Consolidated production of 17,913 Au eq oz in line with the Company's plan to return to steady-state production in H2 2022

This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated October 15, 2021 , to its short form base shelf prospectus dated September 10, 2021 .

VANCOUVER, BC , April 14, 2022 /CNW/ - Great Panther Mining Limited (TSX: GPR) (NYSE-A:GPL) ("Great Panther" or the "Company"), a growth-oriented precious metals producer focused on the Americas, reports production results for the three months ended March 31, 2022 , from its two wholly-owned operating mines, Tucano in Brazil and Topia in Mexico .

First Quarter 2022 Production Highlights

Consolidated metal production of 17,913 gold equivalent ounces ("Au eq oz"), inclusive of 14,319 gold ounces ("Au oz") and 173,698 silver ounces
Total gold production at Tucano of 14,037 Au oz
Total silver equivalent production at Topia of 290,694 silver equivalent ounces ("Ag eq oz")
"I am pleased to report that production for the quarter was in line with expectations as we build back steady-state production at Tucano," stated Alan Hair , Chair and Interim CEO of Great Panther. "We remain on track to return to a normalized rate of production in the second half of the year. In addition, an extensive drilling program at the Urucum North underground project has been completed. Engineering studies and permitting are underway and construction work is expected to commence in late 2022 with gold production from the Urucum North underground mine anticipated to come onstream in 2023."

2022 Consolidated Operating Results
Consolidated Operating Results
Q1 2022 Q1 2021 Change Q1 2022 Q4 2021 Change

Ore processed (tonnes) 889,365 854,704 4% 889,365 925,626 -4%
Gold eq production (oz) (1) 17,913 30,556 -41% 17,913 24,284 -26%
Gold production (oz) 14,319 24,978 -43% 14,319 20,850 -31%
Silver production (oz) 173,698 360,070 -52% 173,698 227,084 -24%

(1)
Gold equivalent ounces for 2022 were calculated using a 1:75 Au:Ag ratio, and ratios of 1:0.0005 and 1:0.0007 for the price/ounce of gold to price/pound of lead and zinc, respectively, consistent with the Company's guidance for the year. Gold equivalent ounces for 2021 were calculated using a 1:85 Au:Ag ratio, and ratios of 1:0.0005 and 1:0.0006 for the price/ounce of gold to price/pound of lead and zinc, respectively, consistent with the Company's guidance for the year.

The Company's operations are on track to meet previously announced consolidated production guidance for 2022 of 100,000 to 119,000 Au eq oz. The mine plan for Tucano reflects more stripping in the first half of 2022 with the second half of 2022 expected to account for at least 65% of annual production guidance.

Tucano
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