SOURCE: Franklin Mining, Inc.

Franklin Mining, Inc.

February 02, 2011 11:22 ET

Franklin Receives Offer to Market Gold and Silver

Cooperativa Minera Aurifera Nueva "La Joya, Ltda" Formerly Supplied Empresa Minera Inti Raymi SA

LAS VEGAS, NV--(Marketwire - February 2, 2011) - Franklin Mining, Inc. (PINKSHEETS: FMNJ) (FRANKFURT: FMJ) Chairman & CEO William Petty is pleased to announce that he has received and accepted an offer for the marketing of gold, silver and -- possibly -- other minerals to be delivered by the Cooperativa Minera Aurifera Nueva La Joya, Ltda, Oruro, Bolivia.

"It was my sincere pleasure last Fall to visit the work sites in La Joya," said Mr Petty. "My meetings with Cooperativea President, Sergio Vacarreza, resulted in Franklin receiving and accepting an offer from the Cooperativa Minera Aurifera Nueva La Joya to market the gold and silver -- and possibly additional minerals -- from an estimated 8,000 tons of material on the ground, waiting to be processed."

As announced last month, Franklin Mining Bolivia has applied for gold to be added to its commercialization license. Mr. Petty is today traveling to Peru where he will continue negotiations for processing gold from La Joya.

About Franklin Mining, Inc: Franklin Mining, Inc. has mining interests in the United States and Bolivia. Additional 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 S Austin Company, 210-204-5068.

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