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Golden Phoenix Minerals, Inc. News

Robert Martin, President, Golden Phoenix Minerals, Featured on Stu Taylor's National Business Radio Program

SPARKS, Nev., May 16 PRNewswire-FirstCall — Golden Phoenix Minerals, Inc. (OTC Bulletin Board: GPXM) is pleased to announce that Robert P. Martin, President, is being interviewed by Stu Taylor (http://www.stutaylor.com), one of the premier nationally syndicated business radio talk show hosts, about the Company's achievements, the importance of molybdenum to the world's market, and Golden Phoenix's prospects for the future, including its gold mine in Nevada.

The show can be heard at http://www.businesstalkradio.net at 8 p.m. Eastern on Saturday, May 17th. It also will be archived to that web site for one month. Click on Weekend Shows, then Stu Taylor's Equity Strategies.

Mr. Taylor's program is heard live on 33 stations nationwide including New York City, Boston, Atlanta, Baltimore, San Diego, Hartford, Toledo, Las Vegas, Richmond, Orlando and on Long Island.

Golden Phoenix Minerals, Inc. is a Nevada-based mining company committed to deliver value to its shareholders by acquiring, developing and mining superior precious and strategic metal deposits in North America using competitive business practices balanced by principles of ethical stewardship. Golden Phoenix owns the Mineral Ridge gold and silver property near Silver Peak, Nevada, and is manager/operator of the Ashdown gold and molybdenum property in Humboldt County, Nevada.

Visit the Golden Phoenix Web site at http://www.Golden-Phoenix.com/

Forward-Looking Statements. Certain statements included herein may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company's actual results could differ materially from those anticipated in such forward-looking statements as a result of a number of factors. These risks and uncertainties, and certain other related factors, are discussed in the Company's Form 10-KSB, Form 10-QSB and other filings with the Securities and Exchange Commission. These forward-looking statements are made as of this date and the Company assumes no obligation to update such forward- looking statements as a result of a number of factors.

CONTACT: E & E Communications Paul Knopick 949/707-5365 pknopick@eandecommunications.com

SOURCE Golden Phoenix Minerals, Inc.

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