SOURCE: Franklin Mining, Inc.

March 19, 2008 13:20 ET

Franklin Acquires La Paz, Bolivia Processing Plant

Franklin CEO, William Petty, Confident of Success Following Fact-Finding Trip to Buenos Aires, Argentina

LAS VEGAS, NV--(Marketwire - March 19, 2008) - Franklin Mining, Inc. (PINKSHEETS: FMNJ) (FRANKFURT: FMJ) CEO William Petty returned to Santa Cruz, Bolivia before continuing on to Texas. In Santa Cruz, on Tuesday, March 18, 2008, Mr. Petty executed final documents needed for Franklin to acquire a processing plant currently operating in La Paz, Bolivia. The plant is currently configured to process 50 tons per day and is expandable to a 100 ton per day capacity. The plant will continue providing processing for local mining companies and expanded to full capacity as soon as possible.

In discussing his recently completed five day fact-finding visit to Buenos Aires, Argentina, Mr. Petty said, "I want to thank each of the executives and directors that I met with while in Buenos Aires last week. It was fortunate that Eduardo Humberto de Andrea, Tierra de Fuego's Secretary of Hydrocarbons Ministry, and I were able to coordinate our schedules and set time aside for a personal visit. I look forward to working with the Secretary and his staff in the near future."

"Meetings with Mr. Luc Grillet, IFC's Regional Head Oil & Gas, Oil, Gas, Mining and Chemicals Department were especially rewarding. Knowing of the IFC's commitment to assisting with economic and community development projects, I came away from last week's meetings totally comfortable that our Tierra de Fuego project will receive every possible consideration from Mr. Grillet and his staff," Mr. Petty said in conclusion.

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.

International Finance Corporation is a member of the World Bank Group providing financing and consultation to private sector ventures and projects in developing countries; additional information on IFC investments and partnerships is available at

TECNA is a global engineering and construction company maintaining offices in six South American countries, Spain and Texas. With thirty-five years international oil and gas experience and a workforce including more than 700 professionals, TECNA has the experience and resources required to assume responsibility for every stage of Franklin's planned GTL facility in Tierra de Fuego. Additional information on TECNA is available at

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.

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