SOURCE: Franklin Mining, Inc.

Franklin Mining, Inc.

February 22, 2011 12:15 ET

Franklin Mining Bolivia Enters Joint-Venture With Cooperativa Minera Aurifera Nueva "La Joya, Ltda"

Construction Plans Have Been Submitted for Approval

LAS VEGAS, NV--(Marketwire - February 22, 2011) - Franklin Mining, Inc. (PINKSHEETS: FMNJ) (FRANKFURT: FMJ) Chairman & CEO William Petty is pleased to announce that Franklin Mining Bolivia and Cooperativa Minera Aurifera Nueva "La Joya, Ltda" have signed a Memorandum of Understanding to construct and operate a gold and silver processing plant at Minera Aurifera Nueva "La Joya, Ltda."

The public signing of the La Joya -- Franklin Mining Bolivia Memo took place yesterday in La Joya, Bolivia. A celebration following the Memorandum signing by Cooperativa President, Sergio Vacarreza, and Franklin Mining Bolivia President, William A. Petty, was attended by cooperative members, Franklin Mining Bolivia executives and managers and a representative of Franklin Mining's international financial partner.

"First phase construction is estimated to be completed twelve months after final contractual agreements are in place and will have a 500 ton per day processing capacity. The infrastructure and platform construction for an additional 2,500 ton per day capacity will begin at the same time. When completed, the 3,000 ton per day capability at La Joya will be the second largest in Bolivia and the single largest daily capacity from a single Cooperativa." Mr. Petty continued, "La Joya was previously a fifteen year supplier of 8,000 tons per month of product to Empresa Minera Inti Raymi SA as well as a supplier of product to Battle Mountain Gold when they were operational." 

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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