--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

EXHIBIT 10.11

EARL HARRISON SETTLEMENT AGREEMENT
 
 
This Settlement Agreement is made and entered into effective as of April 9,
2010, by and between Earl Harrison a Nevada Individual, Golden Phoenix Minerals,
Inc. a Nevada corporation and Win-Eldrich Gold, Inc. a Nevada Corporation.
 
Golden Phoenix Minerals owes Earl Harrison a balance of $180,140.37 and would
like to settle this balance owed to him by receiving half or $90,070.18 by
certified funds from Golden Phoenix Minerals and the balance of $90,070.19 would
be paid by Win-Eldrich Gold Inc. and be reduced from the Secured Promissory Note
that Win-Eldrich Gold Inc. has with Golden Phoenix Minerals.  Win-Eldrich Gold
and Golden Phoenix will add this to the Promissory Note Modification Agreement
that they are currently working on with another issue.  Signatures may be
executed by sending a signed copy of this agreement by facsimile, e-mail or
other form of electronic transmission.
 
Executed on the day and year first written above.
 
 
/s/ Earl Harrison
 
4/9/10
Earl Harrison
 
Date
           
/s/ Jeff Gall
 
4/9/10
Win-Eldrich Gold Inc.
 
Date
By: Jeff Gall - CFO
               
/s/ Rob Martin
 
4/9/10
Golden Phoenix Minerals, INC
 
Date
By: Rob Martin - President
   

 
 
 

--------------------------------------------------------------------------------