SOURCE: Franklin Mining, Inc.

February 21, 2006 16:05 ET

Franklin Mining CEO and Consultant Travel to Bolivia

LAS VEGAS, NV -- (MARKET WIRE) -- February 21, 2006 -- Franklin Mining, Inc. (OTC: FMNJ): Franklin Mining CEO Jaime Melgarejo has departed Houston, Texas for Bolivia. Mr. William Petty, President, Petty International Development Company, will join him later in the week.

In announcing their travel plans, Mr. Melgarejo confirmed that he and Mr. Petty will hold a series of meetings to follow-up with Franklin Mining's recently announced signing of a letter of intent for a possible Joint Venture for the renewal and expansion of Cerro Rico Mine's operations. They will also attend meetings to expedite the audit of Franklin Mining's Bolivian operation.

Mr. Melgarejo went on to say, "Mr. Petty and I are returning to Bolivia with a dual-purpose agenda -- we want to continue the development of our Cerro Rico Mine Joint Venture and we want to expedite the completion of Franklin Mining/Bolivia's financial audit. The audit is a crucial step in completing the process of returning FMNJ to a full Bulletin Board listing."


"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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