Win-Eldrich Mines Limited (WEX, TSX Venture Exchange), minority owner of the Ashdown Project LLC, which owns a Nevada-based molybdenum mine, has been advised by the mine’s manager that an additional 43,950 pounds of molybdenum concentrate has been shipped from the mine, bringing total sales from the mine since product sales began in 2006 to 362,000 pounds of molybdenum concentrate with a cumulative value of more than US$5.4 million. Since product sales began in 2006, the LLC has shown gross revenues of approximately US$177,000 in Q4 2006, US$798,000 in Q1 2007 and approximately US$4,450,000 thus far in Q2 2007. Operating cost information for the mine has not been provided to Win-Eldrich.

Perry Muller, President of Win-Eldrich commented: “The consensus at the Ryan’s Notes Noble Alloy Conference held last week in New York was that molybdenum remains in tight supply and that molybdenum prices, currently trading in the US$33 per pound range, are anticipated to increase. Win-Eldrich, which is debt free and with less than 13.1 million shares outstanding, is well positioned to benefit from current market conditions”.

Win-Eldrich has also been advised by Golden Phoenix Minerals, the temporary mine manager, that an additional manager, David Tretbar, has been assigned to the Ashdown project. Mr. Tretbar is a geochemist who will be responsible for milling and metallurgical processing at Ashdown. Mr. Tretbar has worked underground for Getchel Gold and Jerritt Caynon and served as a process mineralogist and mine geologist for Barrick Goldstrike Mines, Inc. Most recently, Mr. Tretbar was Senior Geologist for Alamos Gold, responsible for tunnel design, reserve modeling and metallurgical testing programs. Mr. Tretbar graduated magna cum laude from Northern Arizona University with a B.S. in Geology, and received his Masters in Geochemistry from the Mackay School of Mines.

The mine manager also advised that Gradient Geophysics, which was retained to perform an Induced Polarization (”IP”) survey of sections of the Ashdown property, has completed its collection of field data. The IP survey covers an area approximately 3000 feet long by 1200 feet wide, centered on the Sylvia vein currently being mined. The survey is made up of nine parallel lines, running east-to-west, that cross the known mineralization perpendicular to its strike. The survey has imaged to depths of 600 feet and returned data that is confirmed to define the Sylvia vein and adjacent structures. Over the coming weeks, the data will be compiled into a three dimensional model to be used for mine planning and exploration activities. Work is also continuing on the completion of a National Instrument 43-101 compliant report for the mine.

This news release includes certain forward-looking statements within the meaning of applicable securities laws concerning the future performance of our business, its operations and its financial performance and condition, as well as management’s objectives, strategies, beliefs and intentions. Forward-looking statements are frequently identified by such words as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of mineral exploration and development, including the uncertainty of resource and reserve estimates, operational and technical difficulties, fluctuating commodity prices, competitive risks, the availability of financing and compliance with applicable laws, including obtaining requisite permits, as described in more detail in our recent securities filings available at www.sedar.com. Actual events or results may differ materially from those projected in the forward looking-statements and we caution against placing undue reliance thereon. We assume no obligation to revise or update these forward-looking statements.

For further information
Perry Muller, President and a Director of Win-Eldrich, at (402) 753-9134

Source: Win-Eldrich Mines Limited