SOURCE: Franklin Mining, Inc.

March 27, 2008 08:30 ET

Franklin CEO Discusses Escala Mine's Processing Plants, Needs and Requirements

LAS VEGAS, NV--(Marketwire - March 27, 2008) - Franklin Mining, Inc. (PINKSHEETS: FMNJ) (FRANKFURT: FMJ) CEO, William Petty, has met with his Board of Directors, officers, key managers and outside consultants/advisors to discuss the status of the Escala Mine's access to processing capability. The meeting was held in Franklin's San Antonio office, March 25 and 26, 2008, and resulted in establishing goals and objectives for achieving full production capacity within six months.

At the conclusion of Wednesday's meeting, Franklin's Board approved a multi-part action plan designed to provide the Escala Mine with immediate access to processing capacity sufficient for current requirements and scaleable to meet future needs and requirements. Decisions concerning other needs and requirements were tabled for two weeks to allow additional review and discussion.

Part I of the approved action plan authorizes a small pilot plant to be erected on-site at the Escala. A suitable plant was located last week, has been purchased and will be transported to the Escala as early as March 29th. The schedule, including transportation and erection, is designed for Escala to have a limited on-site processing capability within the next calendar month. Much of the initial capacity of the pilot plant will be devoted to performing production tests helpful to Franklin's engineers in designing Part III's permanent processing facility to be located near Escala Mina, probably in the Uyuni area.

Part II authorizes the immediate expansion of Franklin's recently acquired processing facility in the Alto area of La Paz. As was announced on March 19, 2008, this plant is scaleable to a 100 ton per day capacity. In addition to the current commercial operation (providing processing capacity to independent mine operators), Franklin's Alto area plant will provide processing for the Escala until a permanent facility has been constructed.

Part III authorizes funding the construction of a permanent processing facility designed to meet the Escala's 2008 processing needs and expandable to meet all long term requirements. The initial plant has been identified and it's availability for delivery has been confirmed. The plant will be purchased when a construction site has been made ready. Members of Franklin's La Paz-based engineering staff and Santa Cruz-based accounting staff are making site visits this week and will provide their recommendation to Mr. Petty with two weeks.

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.

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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