TORONTO, May 15 /CNW/ - Win-Eldrich Mines Limited (WEX, TSX Venture Exchange), minority owner of the Ashdown Project LLC, which owns a Nevada-based molybdenum mine, reports that, as of May 10, 2007, six lots of molybdenum concentrate, totaling approximately 267,900 pounds, have been produced and sold at a combined value of over US$3.2 million. Each lot consists of 12 Supersacks with each Supersack containing approximately 3,950 pounds of concentrates averaging 54% elemental molybdenum (Mo). Since product sales began in 2006, the LLC has shown gross revenues of approximately US$177,000 in Q4 2006, $800,000 in Q1 2007 and over $2,000,000 thus far in Q2 2007.

The mine generates mineralized material at a rate that is averaging approximately 80 tons per day. This variability is attributed to the daily balance between development work occurring in unmineralized footwall and mining of molybdenite within the vein structure. Crews have recently completed a second refuge chamber, powder magazine and load out area. Further development work will be required going forward, including driving a secondary escape way and installing a sand line and additional ventilation. This development work will continue through the summer, and sustained production at full capacity is not expected until this work has been completed.

The Ashdown mill continues to refine its operational efficiencies, with production of in-spec concentrates at rates ranging between one and two Supersacks each 24-hour period. The rate of production directly correlates to the head-grades of molybdenite, which range between 1% and 4% Mo and have averaged 1.39% Mo throughout the development period to date. April also saw a record 26 milling days resulting in the processing of over 2000 tons of ore. Mill feed availability will continue to be variable until a sufficient number of stopes have been developed to achieve steady state production rates.

The above information was provided to Win-Eldrich by the majority owner and temporary manager of the Ashdown Project LLC, Golden-Phoenix Minerals, Inc. More information is available on the Win-Eldrich website, www.win-eldrich.com.

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 a Director of Win-Eldrich, at (402) 753-9134