SOURCE: Franklin Mining, Inc.

July 10, 2007 08:30 ET

Franklin and Miramonte Mining in Discussions for Pulacayo Processing Plants

LAS VEGAS, NV--(Marketwire - July 10, 2007) - Franklin Mining, Inc. (PINKSHEETS: FMNJ) CEO, Jaime Melgarejo, Jr, has today announced that he is nearing final negotiations with Miramonte Mining AG. Located in Zurich, Switzerland, Miramonte (www.miramontemining.com) is a small-cap gold mining company with active mining properties in Ecuador.

Franklin's discussions with Miramonte are for the construction of a flotation plant to process tailings at the Pulacayo Mine site. Miramonte engineers are scheduled to arrive in Potosi, Bolivia on July 24, 2007 for further discussions of engineering requirements and to tour Franklin's mining properties and work sites.

Following the June site visit, Mr. Melgarejo, Mr. William Petty and Miramonte executives will resume negotiations for construction of this plant. If built, Miramonte will utilize knowledge and experience gained in constructing flotation plants for their own mining operations in Ecuador, thus assuring that Franklin's plant will contain the latest available technology and benefit from Miramonte's recent construction experience.

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 Mining, Bolivia S.A. 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. Additional company 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. Austin & Company, 1-702-386- 5379.

Contact Information

  • Investor Relations firm
    A. Austin & Company
    1-702-386-5379