SOURCE: Franklin Mining, Inc.

January 23, 2008 08:30 ET

Franklin Acquires Processing Plant for Escala Production

LAS VEGAS, NV--(Marketwire - January 23, 2008) - Franklin Mining, Inc. (PINKSHEETS: FMNJ) CEO, William A. Petty, is pleased to announce that a binding agreement for the acquisition of a processing plant was reached on Friday, January 18, 2008. The plant is located in the area, known to be in good working condition and capable of immediately accepting and processing production from the Escala Mine.

Initial due-diligence, including an inspection by Franklin engineers and managers, and acquisition negotiations, were concluded during Mr. Petty's extended stay in Bolivia. Full details on the plant's location, production capacity and anticipated contribution to Franklin's Escala Mine project will be released once all final documents are in place.

On Monday, January 21, Mr. Petty traveled to Zurich, Switzerland for meetings with Franklin's European financial consultants and is expected to return to Texas at the end of the week. While in Zurich, Mr. Petty anticipates completing negotiations for additional operating capital to assist in expanding operations at the Escala.

About The Escala Mine: Comprising three separate mining applications, COMIBOL's Escala Mine concession totals 2,000 hectares located in the Sud Lipez Province, near Bolivia's border with Argentina. Franklin Mining, Bolivia has been awarded a contract to mine 500 hectares within the original concession. Escala II and Escala III mining applications are currently assigned to another company.

The original Escala Mine was established during the Spanish colonial period and has been mined for lead, zinc, gold and silver. In 2007, Franklin Mining, Bolivia negotiated an agreement with COMIBOL, National Mining Company of Bolivia, to resume mining operations within the area of the original concession.

About Franklin Mining, Inc: Franklin Mining, Inc. holds mining and energy interests in the United States and Bolivia as well as energy interests in Argentina. Franklin Mining, Bolivia 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.

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 ( or contact our Investor Relations firm, A. S. Austin & Company, 1-702-386-5379.

Contact Information