SOURCE: Franklin Mining, Inc.

October 24, 2007 14:05 ET

Escala to Produce Zinc, Silver, Lead

LAS VEGAS, NV--(Marketwire - October 24, 2007) - Franklin Mining, Inc. (PINKSHEETS: FMNJ) CEO and President, William Petty, has released an updated Status Report on preparations at the Escala Mine.

Jaime Melgarejo, Jr., Franklin's Chief Operations Officer, has returned to Bolivia. Working from the Santa Cruz headquarters, Mr. Melgarejo will periodically travel to the Escala work site. A team of Supervisors and Managers has been recruited and is in the process of relocating to the Escala.

Coopertiva Minera "INTI" Ltda, a 20% partner in Franklin's contract with COMIBOL, has assembled an initial work team of 12 local members scheduled to begin limited production. Production during November is anticipated to reach 260 tons with significant increases in daily production expected to be achieved by early-December.

Initial daily production from the Escala will contain Zinc, Silver and Lead and will be processed at a plant in Potosi.

About the Escala Project: Comprising three separate mining applications, COMIBOL's Escala Mine concession totals 2,000 hectares located in the Sud Lipez Province, which is near Bolivia's border with Argentina. Franklin Mining, Bolivia S.A. has been awarded a contract to mine within the original Escala concession. Escala II and Escala III are the other two mining applications currently assigned to another mining company.

The original Escala Mine 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 within the original 500 hectare concession. It is this original concession which contains all utilities, offices, shops and housing.

Corporacion Minera de Bolivia, often known as COMIBOL, is the National Mining Company of Bolivia.

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.

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