SOURCE: Franklin Mining, Inc.

January 16, 2007 08:30 ET

Franklin, COMIBOL Review Plan for Cerro Rico Mining Operations

LAS VEGAS, NV -- (MARKET WIRE) -- January 16, 2007 -- Franklin Mining, Inc. (PINKSHEETS: FMNJ) CEO Jaime Melgarejo reports that in a January 10, 2007 meeting with COMIBOL, it was agreed that all necessary studies are being completed.

Both COMIBOL and Franklin Mining, Bolivia SA remain fully committed to revitalizing the historic mining operations of Cerro Rico de Potosi. As soon as final study reports are received, they will be presented for COMIBOL's review.

Bolivia's Cerro Rico Mine was recently estimated to be the world's fifth largest undeveloped silver deposit ( Owned by the Mining Corporation of Bolivia (COMIBOL), Franklin's agreement was signed in 2006 and guaranteed by Bolivia's Minister of Mines and Metallurgy, Walter Villarroel Morochi, in July.

Additional information on Franklin projects can be found at

About Franklin Mining, Inc.

Franklin Mining, Inc. has interests in the United States, Argentina and Bolivia which include a wholly owned subsidiary, Franklin Mining, Bolivia, as well as 51% interest in Franklin Oil & Gas, Bolivia and 51% interest in Franklin Oil & Gas, Argentina.


"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 check out our website or contact: Investor Relations: Mr. Andrew Austin, 1-702-386-5379

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