SOURCE: Franklin Mining, Inc.

September 06, 2007 08:30 ET

Franklin CEO Plans Return to Bolivia, Will Coordinate Launch of Escala Operations

LAS VEGAS, NV--(Marketwire - September 6, 2007) - Franklin Mining, Inc. (PINKSHEETS: FMNJ) CEO Jaime Melgarejo, Jr. has announced plans to return to Franklin's Santa Cruz, Bolivia office where he can more closely monitor progress and coordinate the launch of operations at the Escala Silver Mine.

Escala, a 2,000 hectare compound located in the Sud Lipez Province of the Department of Potosi, was established during the Spanish colonial period and has, intermittently, been mined for lead, zinc, gold and silver. Franklin Mining, Inc. negotiated an agreement with COMIBOL, the National Mining Company of Bolivia, to resume mining operations.

Under the day-to-day direction of Dr. Jaime Arancibia Davila, Franklin Mining, Bolivia S.A's General Manager, preparations to resume operating the Escala Silver Mine have been underway since mid-August and are expected to be complete in late-September with operations underway at the end of the month.

Included in the Escala's existing infrastructure are all necessary utilities, roadways, offices and shops and fourteen houses for use by managers, miners and their families. Under the provisions of Franklin's agreement with COMIBOL, a micro-hospital is being planned and will be added to Escala's infrastructure.

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. 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 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. Austin & Company, 1-702-386-5379.

Contact Information