SOURCE: Franklin Mining, Inc.

September 26, 2007 08:30 ET

Escala Project Continues Progressing

LAS VEGAS, NV--(Marketwire - September 26, 2007) - Franklin Mining, Inc. (PINKSHEETS: FMNJ) CEO and President, William Petty is confirming that Franklin's Director of Engineering Services has completed an on-site inspection of the Escala Mine and reports that preparations needed to begin mine operations are nearly complete.

Franklin's Chief Operations Officer and Director of Engineering Services, together with Franklin Mining, Bolivia S.A.'s General Manager arrived at the work-site on September 19, 2007 to make an extended on-site inspection and are satisfied with progress that has been made as well as the timeline for completing all remaining preparations.

This team of Franklin managers is reporting they now anticipate Escala's mining operations will have begun by October 25.

Following this latest site-visit, Franklin's Director of Engineering Services has said he is now more satisfied with results indicated by preliminary testing and sampling and is fully confident of quickly reaching satisfactory results from mine operations.

About the Escala Project: A 2,000 hectare compound owned by COMIBOL, the Escala Mine is located in the Sud Lipez Province, which is near Bolivia's border with Argentina. Escala was established during the Spanish colonial period and has, intermittently, been mined for lead, zinc, gold and silver. In 2007, Franklin Mining, Bolivia S.A. negotiated an agreement with COMIBOL to resume mining operations. Corporacion Minera de Bolivia, often known as COMIBOL, is the National Mining Company of Bolivia.

About Franklin Mining, Inc: Franklin Mining, Inc. has mining and energy interests in the United States and Bolivia as well as energy interests in Argentina. 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. S. Austin & Company, 1-702-386-5379.

Contact Information

  • Contact:
    A. S. Austin & Company
    Investor Relations
    1-702-386-5379