SOURCE: Franklin Mining, Inc.

Franklin Mining, Inc.

February 01, 2011 09:51 ET

Franklin Forms Joint-Ventures for Energy Plant Operations

Franklin Mining, Energy Management International Agree to Jointly Develop and Operate Energy Projects in South America

LAS VEGAS, NV--(Marketwire - February 1, 2011) -  Franklin Mining, Inc. (PINKSHEETS: FMNJ) (FWB: FMJ). Chairman & CEO William Petty has today announced having signed joint-venture agreements with two firms for the possible construction and future operation of energy plants proposed for Bolivia.

In making today's announcement, Mr. Petty said, "These joint-venture agreements have strengthened Franklin's capabilities for participation in the future development of an interest in Bolivia's energy industries."

Energy Management International, formerly Franklin Mining's Energy Division, will pursue operating agreements for oil, gas and wind generated energy plants in Bolivia, Argentina and Paraguay.

Franklin Chairman and CEO William Petty, and Energy Management President Howard Dunn, completed negotiations in late-2010 with McGuffy Energy Services, LP, Tomball, TX (www.mcguffygroup.com) for the design and construction of multiple GTL, LPG and gas separation projects in Bolivia. McGuffy managers recently traveled to Bolivia and are meeting with managers and staff at YPFB for the development of technical presentations related to the proposed initial project. Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) is Bolivia's state-owned petroleum company.

When constructed, Energy Management will submit their proposal to operate each Bolivian plant under Franklin's agreement with YPFB.

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

For further information, please visit our website (www.FranklinMining.com) or contact our Investor Relations firm, A S Austin Company, 210-204-5068.

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    A S Austin Company
    210-204-5068