SOURCE: Franklin Mining, Inc.

June 13, 2007 08:30 ET

Franklin Assured Bolivia's Planned Increases in Taxes Paid by Foreign Owned Mining Companies Will Not Negatively Impact Operations

Franklin/COMIBOL Joint-Venture Becomes Model for Future COMIBOL Agreements With Foreign Owned Mining Companies

LAS VEGAS, NV--(Marketwire - June 13, 2007) - Franklin Mining, Inc. (PINKSHEETS: FMNJ) CEO, Jaime Melgarejo, Jr., is pleased to announce that Dr. Jaime Arancibia Davila, Franklin Mining, Bolivia S.A.'s General Manager, and Franklin Mining, Inc. consultants William Petty and Fernando Freudenthal, recently met with Luis Alberto Echazú, Bolivia's Minister of Mining and Metals.

During meetings in the Minister's La Paz office, Franklin was assured that COMIBOL remains dedicated to their joint-venture agreements for Cerro Rico de Potosi and Pulacayo and was honored to learn that the Franklin Mining, COMIBOL joint-venture agreements signed in 2006 are becoming the standard by which other foreign owned mining companies will be expected to perform in the future.

Franklin was also assured that planned increases in taxes paid by foreign owned mining companies will not be designed to have a serious negative impact on business operations or profitability. Despite Bolivia's evolving plans to gain more control over their mineral wealth, Franklin has been assured that COMIBOL intends to honor existing agreements.

About Franklin Mining, Inc.: Franklin Mining, Inc. has mining and exploration interests in the United States, Argentina and Bolivia; 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

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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