Having trouble viewing this email?
Click here
http://campaign.r20.constantcontact.com/render?llr=xixgyxdab&v=001S22Ky2nkF8b5xFReeR5zu7KMPsradIeq6pMKk38cKtwGF4CVOMaMCuy3CkgEeTGMRpo4bmJQHM9U8QbsaI9xCJLXZldlUuH-MDWeBW31-yviw9Unuz741BsY3TYU4vjP4_ZRIbOX_Y4%3D

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Golden Phoenix Alert
Las Vegas, NV, January 12, 2012
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Golden Phoenix Files NI 43-101 Technical Report on SEDAR for Santa Rosa Gold Mine,
Panama
LAS VEGAS, NV, JANUARY 12, 2012 - Golden Phoenix Minerals, Inc. ("Golden Phoenix")
(OTC Bulletin Board: GPXM) is pleased to announce that on behalf of Golden Phoenix
Panama, S.A., the joint venture entity that owns and operates the Santa Rosa gold
mine ("Mina Santa Rosa" or "Santa Rosa project"), Panama, it has filed on SEDAR
a National Instrument ("NI") 43-101 Technical Report representing the initial inferred
resource estimate for Mina Santa Rosa. Golden Phoenix received the Technical Report
from SRK Consulting (U.S.) Inc. ("SRK").
Highlights of the Technical Report were previously reported by Golden Phoenix in
 a Press Release issued January 3rd, 2012, and included:
SRK reports an in-situ Inferred resource at the former Santa Rosa and ADLM pits
totaling 23.1 million metric tonnes at 0.90 grams/tonne (g/t) Au, for a contained
669,000 ounces of gold, at a 0.30 g/t Au cutoff. In addition to the gold content,
the resource contains an average grade of 2.87 g/t Ag for a contained 2.1 million
ounces of silver.  **Please see Cautionary Note to U.S. investors below.
Golden Phoenix plans to conduct further activities to advance the project toward
 eventual production.  Those activities include re-establishment of topographic
and survey controls to guide a confirmation drilling program, additional/confirmatory
metallurgical testing, verification of potential mineral resources in the partially
leached historical heaps at the site, and conducting a preliminary economic assessment
for the property.
A copy of the complete report is available at www.sedar.com and on the Golden Phoenix
web site at www.GoldenPhoenix.us.
SRK Consulting is an independent, international consulting practice that provides
focused advice and solutions to clients, mainly from earth and water resource industries.
For mining projects, SRK offers services from exploration through feasibility, to
mine planning and production.  SRK Qualified Persons responsible for the resource
estimate and NI 43-101 Technical Report on the mineral resources are Ravi Sharma
 and Corolla Hoag, in SRK's Tucson, Arizona office.
The technical information in this news release has been reviewed and approved by
 Dr. Richard Jemielita, a technical consultant who is a Qualified Person in accordance
with National Instrument 43-101 Standards of Disclosure for Mineral Projects.
Please visit the Golden Phoenix website at: www.goldenphoenix.us.
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, Panama and Peru including
its 30% interest in the Mineral Ridge gold project near Silver Peak, Nevada. Golden
Phoenix is currently earning into a 60% interest (and potentially 80% interest upon
meeting certain milestones and payments) in the Santa Rosa gold mine in Panama.
 Currently, Golden Phoenix owns a 15% interest in Golden Phoenix Panama, S.A., the
joint venture entity that owns and operates the Concessions constituting the Santa
Rosa gold mine.
**Cautionary Note to U.S. Investors Regarding Estimates of Inferred Resources:
This news release and the report referred to in this news release use the term "inferred
resource(s)".  We caution U.S. investors that while these terms are defined in,
and permitted by, Canadian regulations, these terms are not defined terms under
SEC Industry Guide 7 and generally are not permitted to be used in reports and registration
statements filed with the SEC. "Inferred resources" have a great amount of uncertainty
as to their existence, as well as to their economic and legal feasibility.  It cannot
be assumed that all or any part of an inferred mineral resource will ever be upgraded
to a higher category, such as "measured and indicated" as defined under Canadian
 regulations or "proven" or "probable" reserves as defined in SEC Industry Guide
 7.  Under Canadian rules, estimates of inferred mineral resources may not form
the basis of a feasibility study or prefeasibility studies, except in rare cases.
The SEC normally only permits issuers to report mineralization that does not constitute
SEC Industry Guide 7 compliant "reserves", as in-place tonnage and grade without
 reference to unit measures. U.S. investors are cautioned not to assume that any
 part or all of mineral deposits in this category will ever be converted into reserves.
U.S. investors are further advised not to assume that any part or all of an inferred
resource exists or is economically or legally minable.
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.
For More Information Contact:
Robert Ian, Director of Corporate Communications
(702) 983-0469
investor@goldenphoenix.us
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

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.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Forward email
http://ui.constantcontact.com/sa/fwtf.jsp?llr=xixgyxdab&m=1103529991447&ea=.com&a=1109075580732


This email was sent to newsrelease@24hgold.com by robertian@goldenphoenix.us.

Update Profile/Email Address
http://visitor.constantcontact.com/do?p=oo&mse=001CI-X2uv4jsGNOHSmTZDhPxsNx8kZeQ-d&t=001rkUJZn-gY3c6pA4N54o0kA%3D%3D&llr=xixgyxdab


Instant removal with SafeUnsubscribe(TM)
http://visitor.constantcontact.com/do?p=un&mse=001CI-X2uv4jsGNOHSmTZDhPxsNx8kZeQ-d&t=001rkUJZn-gY3c6pA4N54o0kA%3D%3D&llr=xixgyxdab


Privacy Policy:
http://ui.constantcontact.com/roving/CCPrivacyPolicy.jsp


Online Marketing by
Constant Contact(R)
www.constantcontact.com


Golden Phoenix Minerals Inc. | 7770 Duneville Street | Suite 11 | Las Vegas | NV | 89139
.