SOURCE: Franklin Mining, Inc.

January 04, 2007 09:12 ET

Franklin Begins Preparation for Pulacayo Processing

LAS VEGAS, NV -- (MARKET WIRE) -- January 4, 2007 -- Franklin Mining, Inc. (PINKSHEETS: FMNJ) has begun implementing their plan to process Pulacayo tailings. A pilot plant has been located in Peru and Franklin executives are traveling to Bolivia today to negotiate its purchase.

This initial plant will operate at a 400 ton daily rate while remaining environmental licenses and permits are secured and a full-scale plant is completed. When operational, daily processing capacity should reach 5,000 metric tons. Total tailings volume to be processed is estimated to be 4,018,880 MT and require 42 months.

Revenue generated during initial months will be used to finalize leases for the full-scale plant. Franklin's recently completed metallurgical analysis indicates total revenue potential in excess of USD$36 million.

A full report on Franklin's Pulacayo project can be found at www.franklinmining.com.

About Franklin Mining, Inc.

Franklin Mining, Inc. has interests in the United States, Argentina and Bolivia which include a wholly owned subsidiary, Franklin Mining, Bolivia, as well as 51% interest in Franklin Oil & Gas, Bolivia and 51% interest in Franklin Oil & Gas, Argentina.

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

  • For Further Information check out our website www.franklinmining.com or
    contact:
    Investor Relations:
    Mr. Andrew Austin
    1-702-386-5379