SOURCE: Franklin Mining, Inc.

August 20, 2007 08:30 ET

Franklin Considering Sale of Oil & Gas Assets

LAS VEGAS, NV--(Marketwire - August 20, 2007) - Franklin Mining, Inc. (PINKSHEETS: FMNJ) officers and directors have begun reviewing options for the sale of company interests in oil and gas projects. If successful, Franklin Mining, Inc. and its wholly owned subsidiary, Franklin Mining, Bolivia S.A. would be able to concentrate solely on mining projects in Bolivia.

Several options for the sale of Franklin Oil & Gas, Bolivia S.A. and Franklin Oil & Gas, Argentina S.A. are currently under review with a decision expected to be announced within thirty days. Each of the options under consideration provide for payment of a dividend to current Franklin Mining, Inc. shareholders.

Franklin Mining, Inc. holds 51% interest in each of the two oil and gas subsidiaries. Projects that would be included in the sale include a GTL facility construction contract in Tierra del Fuego, Argentina and two Bolivian projects under Memorandum of Understanding. The Bolivian projects include the construction and future operations of GTL facilities in the Departments of Santa Cruz and Tarija. Franklin's MOU with Bolivia's national petroleum company preceded the May 1, 2006 nationalization of gas fields and has since been reconfirmed by YPFB.

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.

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