SOURCE: Franklin Mining, Inc.

September 10, 2008 11:16 ET

Escala Positioned to Regain Worldwide Recognition

LAS VEGAS, NV--(Marketwire - September 10, 2008) - Franklin Mining, Inc. (PINKSHEETS: FMNJ) (FRANKFURT: FMJ) Chairman and CEO William Petty has returned from a week in La Paz, Bolivia where he met with senior executives and managers of Franklin Mining, Bolivia. This wholly owned subsidiary manages and operates the company's concession known as "The Escala Mine" in partnership with The National Mining Company of Bolivia (COMIBOL) and Cooperativa Minera INTI, Ltd. (the Escala's miner's union).

Franklin's mining concession is located approximately 150 kilometers southwest of Uyuni in Bolivia's Department of Potosi, the Province of Sur Lipez at an altitude of 4,000 meters above sea level. Under terms of a lease negotiated in September 2007, Franklin was granted a 20-year lease for the development and production of mineralization of 500 hectares of abandoned mining sites adjacent to and including portions of the original Escala lead and silver mine established and operational during Bolivia's Colonial Period.

Cleanup and preparation of existing mining sites yielded between 500 and 650 tons of development waste and material with mineral content at "waste to mineral content" ratios of between 4 and 8-to-1 and continues yielding comparable tonnage as development and preparation approaches the end of its first year. When fully developed, production cost is projected to be no more than $25 per tonne delivered to on-site processing plants; gross daily production is estimated to be 100 tonnes. Current mining development costs are approximately $50 per tonne.

Preliminary laboratory analysis findings of Escala mineralization were posted at www.franklinmining.com in a May 14, 2008 Summary Report. Results contained in a Final Report from last Spring's sampling will be published and posted later this week.

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.

Contact Information

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