Golden Phoenix Minerals, Inc. is pleased to announce its royalty mining growth strategy will be profiled on 21st Century Business on Fox Business Network (as paid programming) on Saturday, December 10, 2011.

For airing schedule please visit: http://www.21cbtv.com/clearance-report/21cb2215-fbn.pdf

Golden Phoenix is a U.S. mining company with international exposure to gold, silver and strategic metals. The Company’s business model combines project generation with royalty mining in the Americas.

Golden Phoenix’s growth strategy offers the potential for exploration upside coupled with the backing of production and future royalty streams. The Company’s goal (and risk reduction strategy) is to own joint venture interests in several producing mines instead of 100% exposure to one project. Management expects to replicate this strategy with multiple projects in multiple jurisdictions using multiple mine operators.

“Golden Phoenix looks forward to discussing its royalty mining growth strategy with viewers of 21st Century Business Television,” stated Tom Klein, CEO of Golden Phoenix. “We believe this appearance on Fox Business Network provides our Company with added exposure to individuals who are likely to have a growing interest in gold and precious metals.”

21st Century Business is hosted by Jackie Bales. The show has been airing for 15 years. Previous hosts have included General Alexander Haig, General Norman Schwarzkopf and Secretary of Defense Caspar Weinberger.

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% (and potentially 80%) interest in the Santa Rosa gold mine in Panama.

About 21st Century Business: 21st Century Business is an award winning television series produced by Multi-Media Productions. The show features companies providing business viewers an in depth opportunity to find solutions within many industries globally. 21st Century Business airs on CNBC and the Fox Business Network to over 100 million viewers nationwide as well as internationally via DirecTV and Dish Network. The show can also be viewed through video on demand via http://www.21cbtv.com. The series is also available at more than 27 prestigious college universities, including Carnegie Mellon University, Howard University, Dartmouth College and Georgetown University. For specific market-by-market air dates and times, please e-mail Moniqueh@mmpusa.com. For more information, please visit http://www.21cbtv.com.

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