SOURCE: Franklin Mining, Inc.

June 04, 2007 08:45 ET

Franklin Continues to Progress in Securing Financing for GTL Plant in Argentina's Tierra Del Fuego Province

LAS VEGAS, NV--(Marketwire - June 4, 2007) - Franklin Mining, Inc. (PINKSHEETS: FMNJ) Consultant William A. Petty and Gregoire de Rothschild, Chairman, GDR Privée, Inc., have compiled documentation necessary to begin negotiating debt financing for the design and construction cost of a 10,000 barrel-per-day gas-to-liquid (GTL) plant to be located in Argentina's Tierra del Fuego province.

Financing the project will require approximately $470 USD million. The debt instrument is to be secured by product sales contracts.

Mr. Petty and Mr. de Rothschild are scheduled to meet with multiple domestic and foreign banks in the coming weeks as loan packages are delivered and terms negotiated.

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.

About GDR Privée, Inc.: GDR Privée, Inc., an International Boutique Investment Bank with offices in New York, NY specializes in debt and asset based financing. For additional information, please contact Gregoire de Rothschild (GDR@GDRPrivee.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.

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