SOURCE: Franklin Mining, Inc.

Franklin Mining, Inc.

February 15, 2011 10:49 ET

Bolivia Expands Franklin's Commercialization License to Include Gold

Negotiations With Cooperativa Minera Aurifera Nueva "La Joya, Ltda" in Final Stage

LAS VEGAS, NV--(Marketwire - February 15, 2011) - Franklin Mining, Inc. (PINKSHEETS: FMNJ) (FRANKFURT: FMJ) Chairman & CEO William Petty is pleased to announce that Bolivia authorities have expanded Franklin Mining's commercialization license to include gold. 

"With this latest expansion of Franklin's authority to export gold, the company continues to strengthen its position in the economic growth taking place throughout Bolivia's mining industry," Mr. Petty said. "On behalf of the company, I was honored to accept the trust and confidence Bolivian authorities placed in Franklin Mining and am prepared to immediately begin marketing the gold, silver and other minerals produced by Cooperativa Minera Aurifera Nueva 'La Joya, Ltda.'"

On Friday, February 11, 2011, negotiations with Cooperativa President, Sergio Vacarreza, formally moved to the final stage of analysis and study prior to determining an ideal location for a gold and silver processing plant at Minera Aurifera Nueva La Joya.

About Franklin Mining, Inc: Franklin Mining, Inc. has mining interests in the United States and Bolivia. Additional 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, 210-204-5068.

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