Win-Eldrich Press Release

Toronto, Ontario, July 11, 2007 – Win-Eldrich Mines Limited (WEX, TSX Venture Exchange), minority owner of Ashdown Project LLC, which owns a Nevada-based
molybdenum mine, reports the distribution to Ashdown co-owners Win-Eldrich and Golden Phoenix Minerals Inc. of US$1.25 million in available cash generated from second quarter molybdenum concentrate sales.

Of the total US$1.25 million distribution, Win-Eldrich received US$500,000 and Golden Phoenix received US$750,000, in accordance with their current 40/60 ownership split. This represents the first distribution to be made to the owners since Ashdown Project LLC commenced sales of molybdenum concentrates in December of 2006 and does not reflect the claim by Golden Phoenix to an additional 9.5% ownership interest currently being arbitrated.

The distribution was authorized at an Ashdown Management Committee meeting held on June 28, 2007. Under terms of the Operating Agreement governing Ashdown Project LLC, a quarterly distribution of available cash may be made once current mining costs plus one month’s advance operating expenses have been paid in advance or reserved. Full financial information on mine operations will not be available until Golden Phoenix completes its second quarter financial statements.

Win-Eldrich has been advised by Golden Phoenix, manager and majority owner of Ashdown Project LLC, that the Ashdown Project continues to ramp up its production capabilities. Work advances on preparation of the Ashdown 43-101 report, compilation and analysis of data generated from the recent Induced Polarization (IP) field study, and development of the underground workings. The miners continue to balance production of mill feed with general development, including the installation of a sand plant for backfilling, construction of a secondary escape raise and ventilation shaft, and ongoing drifting, stope work and timbering. This initial development work is scheduled to continue through the remainder of 2007.

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 lookingstatements 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.


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	ASHDOWN MINE ISSUES ITS FIRST CASH DISTRIBUTION OF US$1.25 MILLION TO WIN-ELDRICH AND GOLDEN PHOENIX FROM Q2 MOLYBDENUM SALES Toronto, Ontario, July 11, 2007 – Win-Eldrich Mines Limited (WEX, TSX Venture Exchange), minority owner of Ashdown Project LLC, which owns a Nevada-based molybdenum mine, reports the distribution to Ashdown co-owners Win-Eldrich and Golden Phoenix Minerals Inc. of US$1.25 million in available cash generated from second quarter molybdenum concentrate sales. Of the total US$1.25 million distribution, Win-Eldrich received US$500,000 and Golden Phoenix received US$750,000, in accordance with their current 40/60 ownership split. This represents the first distribution to be made to the owners since Ashdown Project LLC commenced sales of molybdenum concentrates in December of 2006 and does not reflect the claim by Golden Phoenix to an additional 9.5% ownership interest currently being arbitrated. The distribution was authorized at an Ashdown Management Committee meeting held on June 28, 2007. Under terms of the Operating Agreement governing Ashdown Project LLC, a quarterly distribution of available cash may be made once current mining costs plus one month’s advance operating expenses have been paid in advance or reserved. Full financial information on mine operations will not be available until Golden Phoenix completes its second quarter financial statements. Win-Eldrich has been advised by Golden Phoenix, manager and majority owner of Ashdown Project LLC, that the Ashdown Project continues to ramp up its production capabilities. Work advances on preparation of the Ashdown 43-101 report, compilation and analysis of data generated from the recent Induced Polarization (IP) field study, and development of the underground workings. The miners continue to balance production of mill feed with general development, including the installation of a sand plant for backfilling, construction of a secondary escape raise and ventilation shaft, and ongoing drifting, stope work and timbering. This initial development work is scheduled to continue through the remainder of 2007. 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 lookingstatements 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.