SOURCE: Franklin Mining, Inc.

April 16, 2007 10:31 ET

Franklin Mining, Inc. Issues 15c2-11 Update

LAS VEGAS, NV -- (MARKET WIRE) -- April 16, 2007 -- Franklin Mining, Inc. (PINKSHEETS: FMNJ) is pleased to provide the following update.

Franklin's auditor, Delta Consult Grant Thornton, is projecting they will complete our 2006 audit within two weeks. When received and reviewed by Franklin's Board of Directors, the 2006 financial statements will be released. Delta Consult Grant Thornton is the Bolivian member firm of Grant Thornton International.

On February 5, 2007, a NASD member firm filed SEC's Form 15c2-11 on behalf of Franklin Mining, Inc. for the purpose of obtaining an OTC Bulletin Board listing of the company's common stock. The SEC responded to the February filing with questions; a response is in preparation.

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

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 ( or contact our Investor Relations firm, A. Austin & Company, 1-702-386-5379.

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