TORONTO, Feb. 22 /CNW/ - Win-Eldrich Mines Limited (TSXV - WEX), a mining exploration and development company, announces that it has been advised by Golden Phoenix Minerals, Inc., the operator of the mine owned by Ashdown Project LLC, of the sale of the third consignment of molybdenite concentrates produced at the Ashdown mine and mill located in Humboldt County, Nevada. Ashdown Project LLC is a Nevada company owned jointly by Win-Eldrich's wholly-owned subsidiary, Win-Eldrich Gold, Inc. and by Golden Phoenix.

The sale of twelve Supersacks weighing more than 47,000 pounds and containing more than 25,000 pounds of elemental molybdenum, was completed with Derek Raphael & Company of London, England. Provisional invoice value of the shipment is in excess of US$470,000, with a final value for the shipment to be determined following delivery and processing of the material. Cumulative molybdenum sales to date from Ashdown total approximately US$972,000.

The sale marks the first time an entire shipment was produced in one continuous week-long milling campaign that finished on February 20th. Apart from minor mechanical interruptions, the mill crew was able to operate on a 24-hour per day basis. Golden Phoenix advises that the rate of production increased by approximately 50% from the January 2007 average of 1,341 pounds of molybdenite per day, to a projected average of 2,022 pounds per day during February. The mill is scheduled to resume production next week.

In the Ashdown mine, development crews continue to drive a second raise to increase access to the mineralization of the Sylvia vein. Once the development work is completed, crews will be able to mine in two directions. At the same time, mining crews have been removing mineralized material along the southern section of the sill drift. Additional development includes extension of the ventilation ducting, completion of a second refuge chamber, start of construction of a truck scale to weigh mine output and installation of a screening plant to process sand fill used to stabilize the mine workings.

In the past two weeks, the mining staff at Ashdown has been increased 50% to a total of 18 miners and the mill staff has added two workers. In light of a tight employment market, a recruiting specialist has been retained to implement an aggressive recruitment program seeking experienced miners throughout the western United States. The work schedule has been adjusted to seven-days on and seven-days off in order to attract out-of-area workers, and housing is being developed to handle the growing staff.

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.