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Golden Phoenix Alert
Sparks, NV, June 7, 2011
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Golden Phoenix JV Partner Scorpio Gold Announces First Production Blast at Drinkwater
Pit of 25,000 Tons Grading on Average 1.84 g/t Gold
SPARKS, NV, JUNE 7, 2011 - Golden Phoenix Minerals, Inc. (the "Company") (OTC Bulletin
Board: GPXM) joint venture partner Scorpio Gold is pleased to announce the first
 production blast took place in the Drinkwater pit at the Mineral Ridge gold deposit
on May 31, 2011. The first mineralized material mined from the pit, consisting of
approximately 25,000 tons grading on average 1.84 grams per tonne gold is scheduled
for delivery to the crusher this week. Previous work in the pit consisted of clean
up from previous operators and adjustments to the main access ramp.
Golden Phoenix currently maintains a thirty percent (30%) interest in the Mineral
Ridge Gold Project via its membership interest in Mineral Ridge Gold LLC; the joint
venture entity that owns and operates the Mineral Ridge property with Scorpio Gold.
Mining operations are currently on a one shift per day, five-day week schedule.
 Production is slated to steadily increase over the first month to a rate of 14,000
tons per day. Attaining a full planned production rate of 20,000 tons per day is
 expected in July 2011. Mineralized material will be hauled to the crusher facility
and be processed at an initial rate of approximately 2,500 tons per day.
The current mine plan contemplates 3.2 million tons of mineralized material being
mined over a period of 41 months.
Scorpio Gold's mining contractor, Ledcor CMI Inc., has mobilized its heavy mining
equipment and main office building to the property, with remaining maintenance and
office facilities scheduled to arrive shortly.
Mr. Peter J. Hawley, PGeo, is Scorpio Gold's Qualified Person and CEO for the various
Scorpio Gold projects. Mr. Hawley is responsible for the current exploration and
 development program at Mineral Ridge.
Scorpio Gold reports its results under Canadian mining and TSX Venture Exchange
guidelines, which report mineral reserve and resource estimates differently than
 in the U.S., and may not meet the standards of "proven" and "probable" reserves
 set forth in SEC Industry Guide 7.
Please visit the Golden Phoenix website at: www.golden-phoenix.com [http://r20.rs6.net/tn.jsp?llr=xixgyxdab&et=1105868719534&s=380&e=001JNutPTBAzBilmgvRJ2r9AI2ov8BlaGRFljlXoPEAMEE4xKLf8K6OWxtyXkPrgSqByqDyJL1qY_g-NwIG4cPXfiz1jgzgh0KwOobLFM1KvmlxiYDXwy2tdg==].
About Golden Phoenix:  Golden Phoenix Minerals, Inc. is a Nevada-based mining company
whose focus is Royalty Mining in the Americas. Golden Phoenix is committed to delivering
shareholder value by identifying, acquiring, developing and joint venturing gold,
silver and strategic metal deposits throughout North, South and Central America.
 Golden Phoenix owns, has an interest in, or has entered into agreements with respect
to mineral properties located in the United States, Canada and Peru including its
30% interest in the Mineral Ridge gold project near Silver Peak, Nevada.
Source: Golden Phoenix Minerals, Inc.
For More Information Contact:
Robert Ian, Director of Corporate Communications (775) 453-4741
robertian@golden-phoenix.com
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Forward Looking Statements:  Information contained herein regarding optimism related
to the business, expanding exploration, development activities and other such statements
are "forward-looking statements" within the meaning of the Private Securities Litigation
Reform Act of 1995 and are subject to the safe harbors created thereby. While Golden
Phoenix believes such statements are reasonable, they are based on current expectations,
estimates and projections about the Company's business and are not guarantees of
 future performance and involve certain risks and uncertainties that are difficult
to predict. Actual results could vary materially from the description contained
herein due to many factors including continued market prices for the Company's mineral
products, domestic and international business and economic conditions, and other
 risk factors listed in the Company's Securities and Exchange Commission (SEC) filings
under "risk factors" and elsewhere. The Company does not undertake any obligation
to update any forward-looking statement to reflect events or circumstances after
 the date of this press release.

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Golden Phoenix Minerals Inc. | 1675 E. Prater Way, Suite 102 | Sparks | NV | 89434
.