LAS VEGAS, NV -- (Marketwire) -- 04/16/12 -- Golden Phoenix Minerals, Inc., a Nevada corporation (the "Company" or "Golden Phoenix") (OTCBB: GPXM), has informed Scorpio Gold Corporation, a British Columbia corporation, and parent company of Scorpio Gold (US) Corporation, a Nevada corporation (collectively, "Scorpio"), that Scorpio is being replaced as Manager of the Mineral Ridge Gold, LLC, ("MRG"), the joint
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