SOURCE: Franklin Mining, Inc.

November 12, 2008 10:20 ET

Escala Joint-Venture Capital Equipment Plan Ahead of Schedule

With Equipment in Place, Daily Processing Will Begin

LAS VEGAS, NV--(Marketwire - November 12, 2008) - Franklin Mining, Inc. (PINKSHEETS: FMNJ) (FRANKFURT: FMJ) Chairman and CEO William Petty has confirmed that the company's Bolivian joint-venture mining project anticipates accepting delivery of the first of several trucks during the week of November 24, 2008. Additional units will be received in following weeks. Manufactured by Volvo, fifteen ton trucks will be used to transport the Escala's stockpiled mined material to a nearby processing plant.

"Multiple daily deliveries from the Escala to a Potosi processor will begin immediately with this first truck. By the time remaining trucks are in use and we've had time to workout all of the kinks in scheduling, Escala's weekly gross revenue should be in the range of $18 - $20,000 (USD), per truck." Mr. Petty continued, "I expect we'll hit our stride with local deliveries and local sales by mid-December and will continue that schedule until our first pre-processing plant reaches maximum daily capacity. When we begin daily deliveries of pre-concentrate to the Potosi processor, we'll realize an increase in gross revenues."

About Franklin Mining, Inc: Franklin Mining, Inc. has mining and energy interests in the United States and Bolivia as well as energy interests in Argentina. Franklin Oil & Gas, Inc. and Franklin Mining, Bolivia are wholly owned subsidiaries. Franklin Mining, Inc. holds 51% ownership in both Franklin Oil & Gas, Bolivia S.A. and Franklin Oil & Gas International S.A. 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, 702-386-5379.

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