SOURCE: Franklin Mining, Inc.

February 26, 2008 10:12 ET

Franklin Oil & Gas, Bolivia S.A. to Provide Rigs to Bolivian Operator

LAS VEGAS, NV--(Marketwire - February 26, 2008) - Franklin Mining, Inc. (PINKSHEETS: FMNJ) (FRANKFURT: FMJ) CEO, William Petty, is pleased to announce that Franklin Oil & Gas, S.A. (a wholly owned subsidiary of Franklin Mining, Inc.) has signed an agreement with SAE Group (an Argentine, Bolivian, Peruvian corporation) to provide rigs to an operating company in Bolivia.

To assist in fulfilling the agreement, Franklin Oil & Gas, Bolivia S.A. has retained the consulting and other professional services of Petraxel, a firm with more than twenty-five years experience in Bolivia's hydrocarbons industries.

SAE Group, Franklin Oil & Gas, Bolivia S.A's newest client, was recently awarded contracts to provide oil field services in Argentina, Bolivia and Peru.

Additional information on Franklin Mining, Inc.'s plans for developing their energy opportunities and further expanding their mining presence in Bolivia is available at www.FranklinMining.com, specifically in Letters from the President scheduled to be posted on Wednesday, February 27 and Wednesday, March 5, 2008.

About Franklin Mining, Inc.: Franklin Mining, Inc. holds mining and energy interests in the United States and Bolivia as well as energy interests in Argentina.

Franklin Mining, Inc. holds 51% ownership in both Franklin Oil & Gas, Bolivia S.A. and Franklin Oil & Gas, Argentina S.A. Franklin Mining, Bolivia is a wholly owned subsidiary.

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

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