A wall mounted panel system wherein panels are permitted three directions of expansion and contraction since each of panel is affixed to the wall at a single point. For example, the system includes a first and second panel adjacent to one another. An upper bracket and a lower bracket are affixed to the back of each panel, wherein the upper brackets are affixed to the wall and wherein the lower bracket of the first panel is movably engaged with the upper bracket of the second panel. The panels do not communicate with any sealing members, thereby allowing for air to flow freely behind the panels for providing a means of removing moisture from behind the panels. A brace member in communication with the interior surface of each panel has an upper end affixed to the upper bracket and a lower end affixed to the lower bracket.