Golden Phoenix Engages Telesto to Prepare Vanderbilt Project for Drilling

Golden Phoenix Minerals (OTCBB: GPXM) has engaged Telesto Nevada to prepare a Notice of Intent to conduct mineral exploration on its Vanderbilt claim group near the town of Silver Peak and adjacent to the Mineral Ridge gold project in Esmeralda County, Nevada.

Telesto will assist Golden Phoenix in map generation and reclamation calculations for a final determination of the bonding required prior to commencement of exploratory drilling on the Vanderbilt Project.   The scope of exploration will use existing disturbance and any new disturbance that is planned will be less than five acres.

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