Win-Eldrich Mines Ltd.

Win-Eldrich Mines announces that further to its press release of August 19, 2011, the Company, Win-Eldrich Gold, and Golden Phoenix Minerals settled on October 31, 2011 an outstanding $4.2 million Promissory Note owed by WEG to Golden Phoenix in exchange for a 2% net smelter return royalty (NSR) on the Ashdown Project, 3 million shares of [...]