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Gold/Mining/Energy : GOLDEN PHOENIX MINERALS, GPXM
GPXM 0.000001000-99.0%May 28 1:24 PM EST

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To: Robert J Mullenbach who wrote (286)1/28/2002 9:25:20 AM
From: Robert J Mullenbach  Read Replies (1) of 811
 
$$ NEWS $$ Golden Phoenix Minerals Retains Donner Corporation International as Investment Banker

RENO, Nev., Jan. 28 /PRNewswire-FirstCall/ -- Golden Phoenix Minerals, Inc. (OTC Bulletin Board: GPXM - news) announced today that it has signed a non-exclusive Investment Banking agreement with Donner Corporation International, Santa Ana, California.

Golden Phoenix is using Donner's services in order to explore strategic alternatives that will assist the Company in evaluating and maximizing shareholder value and seeking additional capital funding.

Mike Fitzsimonds, President of Golden Phoenix Minerals, said, ``Donner can bring a variety of new prospects and companies to Golden Phoenix, while utilizing the abilities of Golden Phoenix's current management. All this supplements Golden Phoenix shareholder value by bringing an array of investors and companies to the publicly traded stock.''

Donner is a full service broker/dealer investment banking firm that has had many success stories with small publicly held companies. For more information about Donner, please visit its Web site at www.donnercorp.com .

Golden Phoenix Minerals, Inc. is a mineral-property development company headquartered in Reno, Nevada. It specializes in acquiring and consolidating large, advanced-stage properties with potential for near-term production and good resource development potential. Acquisition and development emphasis is on deposits containing gold, silver, copper and other strategic minerals that are located in Nevada.

Visit the Golden Phoenix Web site at golden-phoenix.com /
Contact Mike Fitzsimonds, President, at 775-853-4919

* (The statements in this news release that are not historical facts or statements of current status are forward-looking statements [as defined in the Private Securities Litigation Reform Act of 1995] that involve risk and uncertainties. Actual results may differ widely.)

SOURCE: Golden Phoenix Minerals, Inc.

biz.yahoo.com

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Did my homework, ITRO owns over 1.5 Million shares as of Dec 31,2000. Maybe over 2 Mil by now.

ITRO Annual Report

MM bids are still there this Morning, This news will not hurt.
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