SOURCE: Franklin Mining, Inc.

November 09, 2007 08:30 ET

Franklin Clarifies Escala Mine Production Processes

LAS VEGAS, NV--(Marketwire - November 9, 2007) - Franklin Mining, Inc. (PINKSHEETS: FMNJ) is announcing that CEO and Chairman William A. Petty has confirmed work procedures to be followed as the Escala Mine is re-opened for production. Mr. Petty's comments are contained in a Letter to Shareholders scheduled for release later today.

Franklin's initial plan for the Escala is to re-establish the base camp and work the existing tunnels and shafts. Expanding existing tunnels and shafts and developing new sites will begin as soon as all existing sites are firmly re-established.

Franklin's engineers and managers have estimated that November's production will reach 260 tons and anticipate significant increases in daily production by early-December, with a correspondingly greater total monthly production to follow.

Production from the Escala during November, continuing through December and January, will be processed by a plant located approximately 70 Km away. Recovered minerals will be inventoried and sold into the market in economically viable quantities -- probably twice per month. Minerals recovered in smaller quantities will be held in inventory.

Mr. Petty has also confirmed the he has continued exploring options for erecting a processing plant on-site at the Escala and hopes to announce that plan by the end of November.

About the Escala Project: Comprising three separate mining applications, COMIBOL's Escala Mine concession totals 2,000 hectares located in the Sud Lipez Province, which is near Bolivia's border with Argentina. Franklin Mining, Bolivia S.A. has been awarded a contract to mine 500 hectares within the original Escala concession. Escala II and Escala III are the other two mining applications currently assigned to another mining company.

The original Escala Mine was established during the Spanish colonial period and has, intermittently, been mined for lead, zinc, gold and silver.

In 2007, Franklin Mining, Bolivia S.A. negotiated an agreement with COMIBOL to resume mining operations within the area of the original concession. It is this original concession which contains all utilities, offices, shops and housing.

Corporacion Minera de Bolivia, often known as COMIBOL, is the National Mining Company of Bolivia.

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

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, 1-702-386-5379.

Contact Information