The methanolic extracts of Lactarius deterrimus, Suillus collitinus, Boletus edulis, Xerocomus chrysenteron were analyzed for their antioxidant activities in different test systems namely beta-carotene/linoleic acid, DPPH free radical scavenging, reducing power and metal chelating activities in addition to their total phenolic and flavonoid contents. In beta-carotene/linoleic acid and DPPH systems, L. deterrimus and B. edulis showed the strongest activity patterns. Their activities were as strong as the positive controls. The reducing power of the species was excellent. Chelating capacity of the extracts was increased with the increasing concentration. On the other hand, B. edulis found to have the highest phenolic content. Total flavonoid content of S. collitinus found the superior to the other mushrooms.