SOURCE: Franklin Mining, Inc.

March 27, 2006 11:00 ET

Franklin Positioned to Benefit as Zinc's Tight Supply and Strong Demand Pushes Prices to Record Highs

LAS VEGAS, NV -- (MARKET WIRE) -- March 27, 2006 --Franklin Mining, Inc (OTC: FMNJ). Zinc closed out the week at record highs (Thursday and Friday, March 23-24, 2006) and many analysts predict that current low warehouse stockpiles could keep zinc's price performance at these levels for the balance of the year.

"Zinc was Bolivia's third-leading export commodity as recently as 2002, and we intend to work closely with COMIBOL and the Cerro Rico miner's cooperatives to take advantage of this market-driven opportunity." In commenting on recent highs for both zinc and silver, Jaime Melgarejo, Franklin's CEO also said he is comfortable the Joint Venture negotiations are close to being finished and the real work of improving mine productivity will begin soon. "What these current record high prices mean for Franklin shareholders is a reminder that the expertise of our management team and consultants is not limited to a single metal. We intend to assist our Joint Venture partners as they take advantage of every opportunity the marketplace makes available."

When finalized Franklin Mining's negotiations with COMIBOL and a number of local mine workers' cooperatives will result in a Joint Venture dedicated to improving mine productivity at the Cerro Rico in Potosi, Bolivia. The Cerro Rico has historically been a significant producer of zinc, silver, tin and gold.


"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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