SOURCE: Franklin Mining, Inc.

May 10, 2006 10:32 ET

Franklin Mining, Inc.'s Financial Audit Is Complete

LAS VEGAS, NV -- (MARKET WIRE) -- May 10, 2006 -- Franklin Mining, Inc. (OTC: FMNJ) CEO Jaime Melgarejo has announced that Franklin Mining's 2004 and 2005 audits are complete and financial statements have been received.

As soon as the FMNJ Board of Directors completes their review and accepts the 2004 and 2005 audits, consolidated statements will be prepared and released. In making today's announcement, Mr. Melgarejo stated that "Completing the '04 and '05 audits was one of the last requirements necessary before turning our attention to filing for FMNJ's return to Bulletin Board status."

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.

Additional information on company operations is found at our website http://franklinmining.com.

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