SOURCE: Franklin Mining, Inc.

Franklin Mining, Inc.

February 23, 2009 09:30 ET

Franklin CEO Issues Status Report on Mining and Energy Projects

A Second Report Is Scheduled for February 27, 2009

LAS VEGAS, NV--(Marketwire - February 23, 2009) - Franklin Mining, Inc. (PINKSHEETS: FMNJ) (FRANKFURT: FMJ) Chairman and CEO William Petty has released the first of two planned Memorandum addressing issues raised in recent discussions with shareholders.

"As we continue negotiating several GTL projects while preparing the Escala Mine for return to full-scale production, Franklin is facing the same difficulties as most other companies -- capital is available, but expensive. And that's why we've had the recent increases in common shares." Mr. Petty said as he discussed his February 20, 2009 letter, "Despite challenges, we've continued the GTL negotiations and we've shifted our thinking about processing at the Escala."

Mr. Petty's February 20, 2009 letter is available at A second letter is scheduled to be released February 27, 2009.

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

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 ( or contact our Investor Relations firm, A. S. Austin & Company, 702-386-5379.

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