SOURCE: Franklin Mining, Inc.

March 15, 2007 08:59 ET

Franklin Mining, Inc. Subsidiary Appoints General Manager

Two Additional Staff Appointments Widen the Company's Leadership and Management

LAS VEGAS, NV -- (MARKET WIRE) -- March 15, 2007 -- Franklin Mining, Inc. (PINKSHEETS: FMNJ) has announced three key executive appointments.

"As we move into this next phase of our growth, three executives are bringing to Franklin Mining, Inc. the skills and knowledge plus the practical experience needed to lead us in the dual industries of mining and energy. Franklin has built a strong foundation of partnerships and strategic alliances and has addressed significant needs and opportunities in both Bolivia and Argentina. And now we are moving forward, toward fulfillment of our goals and objectives," said Jaime Melgarejo, Jr. in announcing three executive appointments.

Dr. Jaime Arancibia Davila has accepted the position of General Manager and Legal Representative, Franklin Mining, Bolivia S.A. Dr. Arancibia, a seasoned executive with twenty years' experience in Bolivia's mining and hydrocarbons industries, is personally supervising the relocation and erection of the Pulacayo pilot plant. An attorney and former Legal Director of YPFB, Dr. Arancibia is uniquely qualified to lead Franklin Mining, Bolivia S.A. in launching the Pulacayo tailings processing and Cerro Rico mining operations.

Dr. David Roy Rivas Murillo has been appointed to the position of Senior Financial Analyst, with responsibility for building project funding analysis and use of funds statements on each of Franklin's mining and energy projects in South America. Dr. Rivas, a published author, earned both an M.S. and a Ph.D. from Massachusetts Institute of Technology's Department of Aeronautics and Astronautics. Following seven years' experience in the U.S. finance and securities industries, Dr. Rivas was appointed Professor of Financial Engineering, Universidad Autonoma Gabriel Rene Moreno, Santa Cruz, Bolivia.

Carlos Sanchez Chavarria, a career petroleum engineer, has been appointed Petroleum Engineer for Franklin Oil & Gas, Bolivia S.A. and Franklin Oil & Gas, Argentina S.A. Mr. Sanchez' career in Bolivia's hydrocarbons industry has been in both operations and facility design including a four-year appointment as Director of Projects and Production Management for YPFB, Bolivia's national petroleum company.

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 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. Austin & Company, 1-702-386-5379.

Contact Information

  • Investor Relations
    A. Austin & Company
    1-702-386-5379