SOURCE: Franklin Mining, Inc.

March 18, 2008 10:17 ET

Franklin CEO, William Petty, Confirms Company Commitment to Constructing Tierra de Fuego GTL Facility

LAS VEGAS, NV--(Marketwire - March 18, 2008) - Franklin Mining, Inc. (PINKSHEETS: FMNJ) (FRANKFURT: FMJ) CEO William Petty has completed a five day fact-finding trip to Buenos Aires, Argentina. On his first such visit to Argentina as Franklin's CEO, Mr. Petty's trip was designed to re-establish and strengthen relationships with local and regional government authorities and reconfirm Franklin's commitment to the Province of Tierra de Fuego for construction of a GTL facility. Mr. Petty's schedule included a personal meeting with Eduardo Humberto de Andrea, Secretary, Tierra de Fuego Hydrocarbons Ministry.

This was also Mr. Petty's first opportunity as Franklin's CEO for personal meetings with representatives of the World Bank's International Finance Corporation and with Buenos Aires-based executives and managers of TECNA. Mr. Petty received assurance that the IFC also remains committed to assisting in the construction of a plant designed to address fuel shortage issues in Tierra de Fuego. Mr. Petty's TECNA meetings resulted in his receiving assurances that their proposal, originally submitted in 2007, will be reviewed, updated as necessary and re-submitted for Franklin's consideration and approval.

International Finance Corporation (IFC) is a member of the World Bank Group providing financing and consulting for private sector ventures and projects in developing countries; additional information on IFC investments and partnerships is available at www.ifc.org.

TECNA is a global engineering and construction company maintaining offices in six South American countries, Spain and Texas. With thirty-five years of international oil and gas experience and a workforce totaling more than 700 professionals, TECNA has the experience and resources required to assume responsibility for every stage of Franklin's planned GTL facility in Tierra de Fuego. Additional information on TECNA is available at http://eng.tecna.com/.

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.

For further information, please visit our website (www.FranklinMining.com) or contact our Investor Relations firm, A. S. Austin & Company, 1-702-386-5379.

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  • Contact:
    Investor Relations
    A. S. Austin & Company
    1-702-386-5379