TORONTO, Jan. 26 /CNW/ - Win-Eldrich Mines Limited (TSXV - WEX), a mining exploration and development company, announces that it has been advised by Golden Phoenix Minerals, Inc. of the sale of the second consignment of molybdenite concentrates produced at the Ashdown mine and mill located in Humboldt County, Nevada. The mine is owned by Ashdown Project LLC, a Nevada company owned jointly by Win-Eldrich's wholly-owned subsidiary, Win-Eldrich Gold, Inc. and by Golden Phoenix.

The sale of eight Supersacks weighing more than 29,000 pounds and containing more than 15,000 pounds of elemental molybdenum, was completed with Derek Raphael & Company of London, England. The eight Supersacks have been combined with the previously announced December 2006 sale of four Supersacks to comprise a 12-sack shipment with a combined provisional value in excess of US$500,000. A final value for the shipment will be determined following delivery and processing of the material.

Earl Harrison, Mine Manager for Ashdown Project LLC, said: "This sale marks the continuation of the systematic ramp-up toward full-scale production. We are engaged in a progressive campaign to improve our milling and mining methods to increase our production rates. Current production is coming from the stope we opened in the Sylvia vein last December. Development crews have begun driving drift on a second access point that, when completed in the coming months, will allow us to significantly increase our production rate. We have finalized plans to expand our labor base through an aggressive recruitment campaign and are permitting the construction of additional staff housing and support facilities near the mine."

This news release includes certain forward-looking statements within the meaning of applicable securities laws concerning the future performance of our business, its operations and its financial performance and condition, as well as management's objectives, strategies, beliefs and intentions. Forward-looking statements are frequently identified by such words as "may", "will", "plan", "expect", "anticipate", "estimate", "intend" and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, including the uncertainty of resource and reserve estimates, operational and technical difficulties, fluctuating commodity prices, competitive risks, the availability of financing and compliance with applicable laws, including obtaining requisite permits, as described in more detail in our recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward looking-statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements.

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

For further information: Perry Muller, President and Director of Win-Eldrich, at (402) 753-9134.