SOURCE: Planet Resource Recovery, Inc.

October 26, 2009 11:55 ET

Planet Resource Recovery and Franklin Mining Enter Into MOU to Deploy Planet's Green Enhanced Mining Technologies

HOUSTON, TX--(Marketwire - October 26, 2009) - Planet Resource Recovery, Inc. (PLANET) (PINKSHEETS: PRRY), developer, manufacturer and marketer of PetroLuxus™ and other "Green" technologies for the remediation and recovery of the planet's resources, and Franklin Mining, Inc. (FRANKLIN) (PINKSHEETS: FMNJ) execute a Memorandum of Understanding (MOU). The proposed venture is for the deployment of Planet's new enhanced mining technology that can accelerate the recovery and monetization of precious and semi-precious minerals on an environmentally-friendly platform.

Planet has been developing a new environmentally-friendly platform for the harvesting of minerals utilizing proprietary compounds coupled with unique technologies processes. This new platform is geared to segregate metals at the mine site rendering target metals into a more pure concentration resulting in cost-savings and higher commodity pricing at point of sale.

Franklin is a partner in a three-party joint-venture in Bolivia known as the Escala Mina I. This 500 hectare concession from the National Mining Company of Bolivia (COMIBOL) is being prepared for the mining and recovery of silver and zinc. Franklin also operates Bolivia's San Antonio de Turiri, a privately owned antimony mine.

The MOU calls for a three-phase scale up:

Phase I - consists of applying PLANET's metal recovery to multiple 10 lb samples of FRANKLIN gravity concentrated ore samples and assay resulting byproducts at commercial labs.

Phase II - Upon successful completion, PLANET and FRANKLIN address the issues of equipment requirements.

Phase III - Upon successful deployment and completion of the recovery and joint sale of over 200 tons of metals, FRANKLIN and PLANET negotiate and enter into a revenue sharing formula from the sale of metals.

Both companies anticipate the rapid execution of Phases contained in the MOU and will report as the projects progress.

About Planet Resource Recovery, Inc.

Planet Resource Recovery, Inc (the "Company") has developed a proprietary product known as PetroLuxus™. The Company manufactures and markets PetroLuxus™ which represents a disruptive technology for use in petrochemical industries. PetroLuxus™ is comprised of a series of compounds with a wide array of applications, all of which benefit from its unique ability to dislodge hydrocarbons from organic and inorganic materials. The Company's Phase I revenue approach is comprised of three distinct business units: i) Environmental Remediation ("ER"), ii) Enhanced Oil Recovery ("EOR") and iii) Strategic Business Combinations.

PetroLuxus™ is a "Green Technology." It is a non-toxic, nonflammable and environmentally friendly method of separating hydrocarbons from both man-made and naturally occurring materials. PetroLuxus™ truly is a Disruptive Technology. It will disrupt currently accepted best practices and change the way hydrocarbons are being managed and harvested throughout the world. Founded in 2005, the Planet corporate offices are located in Houston, Texas. For more information visit: www.planetresource.com or www.petroluxus.com.

About Franklin Mining, Inc: Franklin Mining, Inc. has mining interests in the United States and Bolivia. Additional information is available at www.FranklinMining.com.

Safe Harbor Statement

Certain statements in this release are "forward-looking" statements as defined in the Private Securities Litigation Reform Act of 1995. Such statements are subject to numerous risks and uncertainties. Actual results may vary significantly from the results expressed or implied in such statements. Factors that could cause actual results to materially differ from forward-looking statements include, but are not limited to, the Company's ability to meet the terms and conditions required to obtain its project financing, risks and delays associated with product development, risk of market acceptance of new products, risk of technology or product obsolescence, competitive risks, reliance on development partners and the need for additional capital. Planet takes no obligation to update or correct forward-looking statements, and also takes no obligation to update or correct information prepared by third parties that are not paid for by Planet.

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