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EXHIBIT 10.6

ASSIGNMENT OF LOAN DOCUMENTS
 
FOR VALUE RECEIVED, Golden Phoenix Minerals, Inc., a Nevada corporation
(“Assignor”), hereby sells, assigns, transfers and conveys to Kenneth Ripley, an
individual residing in the State of Washington, or his successor (“Assignee”),
all of Assignor’s right, title and interest in and to that certain Series B-1
Limited Recourse Secured Promissory Note made payable to Assignor, as holder, by
Win-Eldrich Gold, Inc., a Nevada corporation (“Win-Eldrich”), as maker, in the
original principal amount of FOUR HUNDRED EIGHTY-NINE THOUSAND AND TWO DOLLARS
AND THIRTY-ONE CENTS ($489,002.31) (the “Note”), dated as of even date herewith.
 
Assignee hereby releases Assignor from any liability with respect to, and
indemnifies and agrees to defend and hold Assignor harmless from and against any
and all loss, cost, damage, liability or claim arising out of or relating to,
the Note from and after the date of this Agreement.
 
IN WITNESS WHEREOF, the undersigned have hereunto set their hands and seals this
15th day of April, 2010.
 

 
ASSIGNOR:
     
GOLDEN PHOENIX MINERALS, INC.,
 
a Nevada corporation
         
By:    /s/ Tom Klein                                           
 
       Tom Klein
          Its Chief Executive Officer          
ASSIGNEE:
         
  /s/ Kenneth Ripley                                           
 
Kenneth Ripley

Agreed and consented to by:

MAKER:

WIN-ELDRICH GOLD, INC.,
a Nevada corporation

By:      /s/ Perry Muller                                     
Perry Muller
Its President
 
 

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