SOURCE: Franklin Mining, Inc.

Franklin Mining, Inc.

February 08, 2011 10:56 ET

Franklin Forms Joint-Venture for Infrastructure Construction

Franklin Mining, Segovia Group Corporation to Jointly Develop and Construct Multiple Industrial and Commercial Projects in South America

LAS VEGAS, NV--(Marketwire - February 8, 2011) - Franklin Mining, Inc.'s (PINKSHEETS: FMNJ) (FRANKFURT: FMJ) Chairman & CEO William Petty has today announced having signed a joint-venture agreement for the construction of pending infrastructure projects in Bolivia and throughout South America.

In making today's announcement, Mr. Petty said, "Our joint-venture agreement with Segovia Group, completed in December, has further strengthened Franklin to further participate in the economic growth and development of South America."

Segovia Group Corporation,, headquartered in San Antonio, Texas with additional offices in California, Illinois and Georgia, and Franklin Mining, Inc. have formed a joint-venture agreement to use their combined resources for the development of mining, infrastructure and other commercial projects in Bolivia, South America.

Segovia's senior managers represent more than 100 years experience in commercial and industrial construction including heavy and civil engineering, site preparation, infrastructure, commercial and industrial construction. Segovia Group has nationwide experience including military, government and retail industry clients.

About Franklin Mining, Inc: Franklin Mining, Inc. has mining interests in the United States and Bolivia. Additional 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.

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