SOURCE: Franklin Mining, Inc.

March 12, 2008 08:30 ET

Escala I Evaluation's Preliminary Summary Received; Geologic and Mining Engineering Assessments Due Week of March 17, 2008

LAS VEGAS,--(Marketwire - March 12, 2008) - Franklin Mining, Inc. (PINKSHEETS: FMNJ) (FRANKFURT: FMJ) CEO William Petty is pleased to announce that Vice President Howard Dunn completed his Escala I evaluation visit and returned to Santa Cruz, Bolivia on Friday, March 7 to discuss preliminary findings and assessment.

"Mr. Dunn and I have agreed that, based on his positive observations for potential location of significant tonnages of economic mineralization at our Escala I concession, we will schedule increases in work budgets, authorize Escala camp improvements and complete additional sampling of the excavated mineralized material." Mr. Petty continued, "We also agreed on new adjacent area concession agreements that will be authorized within the next several weeks." Mr. Dunn's preliminary report to Mr. Petty has been posted at www.FranklinMining.com and will be followed by additional reports on his assessment of Franklin's Escala I opportunity; additional reports will be posted as they are available over the next two to three weeks.

Howard Dunn, P.E., was appointed Vice President of Operations for International Mining on February 13, 2008. Mr. Dunn, a registered Chemical Engineer, earned a Bachelor of Science in Geological Engineering (1985) and Master of Science in Metallurgical Engineering (1989); both degrees were earned at the Colorado School of Mines.

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

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