SOURCE: Franklin Mining, Inc.

May 31, 2007 09:09 ET

Cerro Rico de Potosi Evaluation Meetings Are Complete; Franklin Mining, Bolivia S.A. and COMIBOL Officials Evaluate Production Plan

LAS VEGAS, NV--(Marketwire - May 31, 2007) - Franklin Mining, Inc. (PINKSHEETS: FMNJ) is pleased to announce that CEO Jaime Melgarejo, Jr. and Franklin Mining, Bolivia S.A. senior managers and engineers have concluded their meetings with COMIBOL personnel in Potosi, Bolivia, site of the historic Cerro Rico Silver Mine.

The purpose of these meetings was to complete a final review and evaluation of Franklin Mining, Bolivia's production studies by COMIBOL engineers and technicians. The joint review and evaluation was necessary prior to COMIBOL's approval of processes and equipment scheduled for use when Franklin begins their scheduled mining operations at Cerro Rico. A major part of the evaluation was an inspection of Franklin's assigned Cerro Rico veins and other sites chosen for location of equipment.

COMIBOL's final permission for Franklin to begin mining operations at Cerro Rico de Potosi is expected to be received in approximately three weeks.

About Franklin Mining, Inc: Franklin Mining, Inc. has mining and exploration interests in the United States, Argentina and Bolivia; Franklin Mining, Bolivia S.A. is a wholly owned subsidiary. Franklin Mining, Inc. holds 51% ownership in both Franklin Oil & Gas, Bolivia S.A. and Franklin Oil & Gas, Argentina S.A. Additional company information is available at www.franklinmining.com.

DISCLOSURES: "Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements that are subject to risk and uncertainties, including, but not limited to, the impact of competitive products, product demand, market acceptance risks, fluctuations in operating results, political risk and other risks detailed from time to time in Franklin Mining, Inc.'s filings with the Securities and Exchange Commission. These risks could cause Franklin Mining, Inc.'s actual results to differ materially from those expressed in any forward-looking statements made by, or on behalf of, Franklin Mining, Inc.

For further information, please visit our website (www.franklinmining.com) or contact our Investor Relations firm, A. Austin & Company, 1-702-386-5379.

Contact Information

  • Investor Relations Firm
    A. Austin & Company
    1-702-386-5379