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Post# of 15261
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Thursday, 09/20/2007 9:11:00 AM

Thursday, September 20, 2007 9:11:00 AM

Post# of 15261
SPARKS, Nev., Sept 20, 2007 /PRNewswire-FirstCall via COMTEX/ -- Golden Phoenix Minerals, Inc. (OTC Bulletin Board: GPXM), is pleased to announce appointment of Fred Quimby to the position of Mine Manager for the Ashdown Project LLC, which operates the Ashdown molybdenum mine located in Humboldt County, Nevada. Mr. Quimby replaces Earl Harrison, who has left the Project to pursue other interests.

Fred Quimby is a 40-year mining professional with a proven record of success. His employment history includes mining and management roles at Sunshine, Bunker Hill, Harrison Western, Todito Exploration, Centennial, Redpath and Atlas Minerals. He has specialized in all aspects of underground mining, including heavy equipment operation, drilling and blasting, mine planning, staffing, supervision and business development. Most recently, Mr. Quimby was General Manager of a private sector contract mining company. A native of the Kellogg, Idaho mining district, Mr. Quimby studied mining at the Colorado School of Mines and is a certified Federal Mine Safety Instructor.

In welcoming Mr. Quimby to his new position, Golden Phoenix President, Robert Martin, stated, "Fred comes from a highly-respected mining family and has already picked up the momentum established by his predecessor, Earl Harrison. He is building on that foundation by attracting top quality talent, expanding the mine plan and tackling MSHA directives efficiently and effectively.

"Fred's reputation as a no-nonsense producer and safety-conscious operator carries on Ashdown traditions established by previous managers," Mr. Martin said.

Responding to his new position, Mr. Quimby said, "Ashdown is the kind of challenge I can look forward to every day. I am honored to be entrusted with the Sylvia moly deposit, which deserves special attention. I believe that my background is well-suited to getting the most out of this project."

In addition to Mr. Quimby, several other family members have joined the mine staff, including Darrin Quimby as Safety Officer and Ed Quimby as Shifter. This brings the present compliment of mine-and-mill staff at Ashdown to 60.
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