SRK Consulting To Prepare Resource Estimate and NI-43-101 Technical Report on Santa Rosa Gold Mine 

SPARKS, NV - Golden Phoenix Minerals, Inc. has engaged SRK Consulting (U.S.) Inc. to prepare a resource estimate and a NI-43-101 Technical Report for the Santa Rosa gold mine, Panama.

SRK recently returned from a site visit at Mina Santa Rosa and has begun the process of reviewing all historical project data. SRK will develop a geological model and prepare an independent resource estimate based on the historical data available. The initial resource estimate will be presented in a NI-43-101 compliant technical report.