Franconia Minerals Corporation
TSX VENTURE : FRA
OFEX : FRA

Franconia Minerals Corporation

November 20, 2006 10:30 ET

Franconia Minerals Corporation-Planned Withdrawal From Plus Markets

SPOKANE, WASHINGTON--(CCNMatthews - Nov. 20, 2006) - Franconia Minerals Corporation (TSX VENTURE:FRA)(OFEX:FRA) announce its intention to withdraw from the PLUS market in United Kingdom, effective December 29, 2006.

The directors believe that, in the current environment, any benefits of the listing are outweighed by the costs involved.

Franconia currently trades on the Toronto Venture Exchange (TSX-V) in Canada. Registered shareholders will be sent the appropriate information enabling them to re-register their shares to the Canadian market. This information will also be available from Franconia's website at www.franconiaminerals.com.

Under the PLUS rules, Franconia Minerals Corporation is required to give shareholders a period of 10 business days to object to the intended withdrawal of its securities from the PLUS Market. Any shareholder wishing to raise an objection should contact PLUS in confidence by December 5, 2006.

Franconia Minerals Corporation trades on both the TSX-V in Canada and OFEX in the UK under the symbol FRA. (For additional information see www.franconiaminerals.com.) The directors of Franconia Minerals Corporation accept responsibility for this announcement. Franconia presently has 38,981,138 shares issued and outstanding.

Brian Gavin, President

This document, which has been issued by Franconia Minerals Corporation (Franconia), has been approved solely for the purposes of Section 21 of the Financial Services and Markets Act 2000, by Lion Capital Corporation Limited (Lion), 4th Floor, 2 Cromwell Place, London SW7 2JE, who is authorised to carry on Investment Business by the Financial Services Authority. Lion, is acting as advisers for Franconia and to no-one else and will not be responsible to anyone other than Franconia for providing protections afforded to customers of Lion for providing advice in relation to any investment made pursuant to this announcement and makes no recommendation for the suitability of any investment, which is the subject of this announcement. FORWARD-LOOKING STATEMENT: Although Franconia Minerals Corporation believes many of its properties have promising potential, its properties are in the early stages of exploration. None have yet been shown to contain proven or probable mineral reserves. There can be no assurance that such reserves will be identified on any property, or that, if identified, any mineralization may be economically extracted. Incorporated in Alberta Canada No. 207953670

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