Phosphate-solubilising saprophytic fungi have a potential application in plant nutrition; therefore, the aim of this study was 1) to perform a screening and isolation of native phosphofungi from volcanic soils of southern Chile, 2) to select a liquid medium for the evaluation of these phosphofungi and 3) to test a selected phospho fungus as a biofertiliser in a volcanic soil. The phosphofungi were screened using Martin medium (rose bengal-streptomycin agar) with calcium phosphate (Ca3(PO4)2) or calcium phytate as the phosphorus source. Six promising strains (Penicillium sp., Penicillium albidum, Penicillium thomii, Penicillium restrictum, Penicillium frequentans and Gliocladium roseum) were evaluated in the liquid media of Agnihotri, Asea-Wakelin, Pikovskaya and Nahas. The soluble phosphorus, acid phosphatase activity, pH and fungal biomass were determined. In most soils, the greatest proportion of phosphofungi solubilised organic P. The Asea-Wakelin medium appears to be the medium of choice for the quantitative evaluation of phosphofungi isolated from the volcanic soils tested. Penicillium albidum was selected as a potential biofertiliser due to its capacity to solubilise both inorganic and organic P via its specific solubilising activity (64 mg P/g fungus), phosphatase secretion and enhancement of the growth and mineral nutrition of lettuce plants growing in a volcanic soil.