Molybdenum

[maverick49er]

Golden Phoenix to Introduce Its Ashdown Molybdenum Project at Precious Metals Conference in San Francisco

3:59 PM EST November 22, 2005
Golden Phoenix Minerals, Inc. (OTC Bulletin Board: GPXM) is pleased to announce that it will introduce its Ashdown Molybdenum Joint Venture at the upcoming Gold & Precious Metals Investment Conference in San Francisco, the largest resource investment conference in the U.S.

This year's conference is being held on November 27-28 at the San Francisco Marriott, 55 - 4th Street. Representatives from Golden Phoenix will be at Booth 104, titled "The Ashdown Moly Project." David A. Caldwell, Chief Geoscientist for Golden Phoenix, will be in attendance and said, "My staff and I welcome this opportunity to explain the emerging story of molybdenum to conference attendees."

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 the western United States using competitive business practices balanced by principles of ethical stewardship.

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: Golden Phoenix Minerals, Inc. Robert Martin Director of Corporate Development 775/853-4919 E & E Communications Paul Knopick 949/707-5365 [e-mail]

SOURCE Golden Phoenix Minerals, Inc.

Robert Martin, Director of Corporate Development of Golden Phoenix Minerals, Inc., [phone]; or Paul Knopick of E & E Communications, [phone], [e-mail], for Golden Phoenix Minerals, Inc.
http://www.prnewswire.com