SOURCE: Franklin Mining, Inc.

May 19, 2006 11:32 ET

Franklin Releases Additional Data on Joint Venture's San Miguel Vein, Cerro Rico de Potosi

Franklin Mining, Bolivia and COMIBOL Executives Finalize Relationship With FEDECOMIN Potosi

LAS VEGAS, NV -- (MARKET WIRE) -- May 19, 2006 -- Franklin Mining, Inc. (OTC: FMNJ) is today confirming some technical details from the COMIBOL commissioned analysis of the first of four veins assigned to the Franklin Mining, Bolivia and COMIBOL Joint Venture for development and exploitation of the Cerro Rico de Potosi mine.

The Cerro Rico de Potosi Mountain is southeast of the city of Potosi, Bolivia. The San Miguel vein is in the northwest quadrant of Cerro Rico de Potosi, approximately 1,600 meters in length with a width that reaches 2 meters.

Recoverable reserves of Silver as estimated in COMIBOL's report are 154,011 Kilos.

Zinc and Tin are estimated to be recoverable in economically significant quantities and are to be included in the Joint Venture's operating plan. Lesser quantities of other minerals may also be included as economically viable.

"In releasing this information, I want to emphasize that the San Miguel Vein Analysis Report is the first of four that will be received. Information from each report will be released as received." Franklin CEO Jaime Melgarejo added, "These four reports were commissioned by COMIBOL, our Joint Venture partner. Each report is being prepared independently and will be released in the order they are received."

Franklin Mining, Bolivia and COMIBOL executives are finalizing agreements with FEDECOMIN Potosi executives acting as an oversight board for the individual, departmental and national Miners Cooperatives supplying the labor to the newly formed Joint Venture. Meetings were concluded earlier this week in Potosi and final workers agreements covering all four Cerro Rico veins are expected within one week. FEDECOMIN is Bolivia's management council responsible for providing guidance and supervision to all Cooperatives Societies. COMIBOL is Bolivia's national mining company.

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