SOURCE: Franklin Mining, Inc.

Franklin Mining, Inc.

February 24, 2009 08:30 ET

Franklin CEO Convenes Board to Consider Strategic Initiatives Designed to Increase Shareholder Value

LAS VEGAS, NV--(Marketwire - February 24, 2009) - Franklin Mining, Inc. (PINKSHEETS: FMNJ) (FRANKFURT: FMJ) Chairman and CEO William Petty announces he has called his Board of Directors to a special meeting for the purpose of considering strategic initiatives to increase Franklin Mining's shareholder value.

"I want to assure Franklin shareholders that no new initiative will be approved unless it is instrumental in unlocking shareholder value. I have long been convinced that the sum of our company's individual holdings is much greater than what is currently indicated by most measures." Mr. Petty also stated that no consideration will be given to a reverse split, that no such discussion or future planning will be a part of any strategic initiative.

Key US and South American executives, managers and consultants will participate in some of the Board discussions.

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. Additional 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. S. Austin & Company, 702-386-5379.

Contact Information

  • For further information, contact:
    Investor Relations
    A. S. Austin & Company
    702-386-5379