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padding-bottom: 1px; border-bottom-width: 1px;'>\n   <table cellpadding=\"0\" cellspacing=\"0\" border=\"0\" width=\"100%\">\n   <tr class=\"qmmt_header_text\">\n    <td class=\"qmmt_header_text\">&nbsp;Recent News for Golden Phoenix Minerals Inc.</td>\n    <td align=\"right\" style=\"font-weight:normal;\">\n \n\n\n\n\n<div id=\"qm_textChange_3500\"><span class=\"qmmt_header_text\" style=\"font-weight:normal;\">Nov 22 2:34 PM EST</span></div>\n\n<script LANGUAGE=\"JavaScript\">\nfunction qm_UpdateText_3500(phase)\n{\n    switch (phase)\n    {\n        case 1: document.getElementById('qm_textChange_3500').innerHTML = '<span class=\"qmmt_header_text\" style=\"font-weight:normal;\">Nov 22 2:34 PM EST</span>'; setTimeout(\"qm_UpdateText_3500(2)\", 5000); break;\n        case 2: document.getElementById('qm_textChange_3500').innerHTML = '<a href=\"http://www.quotemedia.com/\" target=\"_top\" style=\"text-decoration:none;\"><span class=\"qmmt_header_text\" style=\"font-weight:normal;\">&copy; quotemedia.com</span></a>'; setTimeout(\"qm_UpdateText_3500(1)\", 5000); break;\n    }        \n}\nqm_UpdateText_3500(2);\n</script>\n\n </td>\n   </tr></table>\n   \n  </div>\n         <table cellpadding=\"0\" cellspacing=\"0\" style=\"padding: 4px;\" width=\"100%\">\n  \n\n\n     <tr class='qmmt_main'>\n\n  <td  class='qmmt_text' valign='top'>\n\n  Nov 09, 2009 11:00 AM EST<br>\n\n  \n   <a class=\"qmmt\" href=\"javascript:qm_showNews_6475('26276999', 'GPXM')\">Golden Phoenix Minerals Reports Assay Results from Scorpio Gold's Bulk Sampling of Oversized Leach Pad Material at Mineral Ridge Gold Deposit</a> - PR Newswire\n   \n   \n  </td>\n\n     </tr>\n\n     <tr class='qmmt_cycle'>\n\n  <td  class='qmmt_text' valign='top'>\n\n  Oct 21, 2009 11:00 AM EDT<br>\n\n  \n   <a class=\"qmmt\" href=\"javascript:qm_showNews_6475('25757840', 'GPXM')\">Golden Phoenix Minerals Reports Scorpio Gold's Surface RC Drilling Findings at Mineral Ridge Gold Deposit</a> - PR Newswire\n   \n   \n  </td>\n\n     </tr>\n\n     <tr class='qmmt_main'>\n\n  <td  class='qmmt_text' valign='top'>\n\n  Oct 19, 2009 12:01 AM EDT<br>\n\n  \n   <a class=\"qmmt\" href=\"javascript:qm_showNews_6475('25677544', 'GPXM')\">Golden Phoenix Minerals Reports on Scorpio Gold's Surface Exploration at Mineral Ridge Gold Deposit</a> - PR Newswire\n   \n   \n  </td>\n\n     </tr>\n\n     <tr class='qmmt_cycle'>\n\n  <td  class='qmmt_text' valign='top'>\n\n  Oct 12, 2009 2:39 PM EDT<br>\n\n  \n   <a class=\"qmmt\" href=\"javascript:qm_showNews_6475('25538226', 'GPXM')\">Golden Phoenix Minerals Reports Scorpio Gold Has Agreed to Purchase Mineral Ridge Royalty</a> - PR Newswire\n   \n   \n  </td>\n\n     </tr>\n\n     <tr class='qmmt_main'>\n\n  <td  class='qmmt_text' valign='top'>\n\n  Jun 29, 2009 12:01 AM EDT<br>\n\n  \n   <a class=\"qmmt\" href=\"javascript:qm_showNews_6475('23533589', 'GPXM')\">Golden Phoenix Minerals Appoints Clyde Harrison to Its Board of Directors</a> - PR Newswire\n   \n   \n  </td>\n\n     </tr>\n\n     <tr class='qmmt_cycle'>\n\n  <td  class='qmmt_text' valign='top'>\n\n  Jun 22, 2009 12:00 PM EDT<br>\n\n  \n   <a class=\"qmmt\" href=\"javascript:qm_showNews_6475('23414284', 'GPXM')\">Golden Phoenix Reports Completion of Initial Due Diligence on Mineral Ridge by Scorpio Gold</a> - PR Newswire\n   \n   \n  </td>\n\n     </tr>\n\n     <tr class='qmmt_main'>\n\n  <td  class='qmmt_text' valign='top'>\n\n  May 28, 2009 12:02 PM EDT<br>\n\n  \n   <a class=\"qmmt\" href=\"javascript:qm_showNews_6475('22954629', 'GPXM')\">Golden Phoenix and Scorpio Gold Agree to Form a Joint Venture to Restart Gold Production at Mineral Ridge</a> - PR Newswire\n   \n   \n  </td>\n\n     </tr>\n\n     </table>\n     </td>\n </tr>\n\n</table>\n\n");