SOURCE: Franklin Mining, Inc.

June 10, 2008 11:40 ET

Franklin Updates Escala Mine Production Status

LAS VEGAS, NV--(Marketwire - June 10, 2008) - Franklin Mining, Inc. (PINKSHEETS: FMNJ) (FRANKFURT: FMJ) Chairman and CEO, William A. Petty, has issued the following update on the production status at the Escala Mine.

--  With the recent addition of compressors, other drilling equipment and
    the initial portion of a rail system, the Escala has achieved a 100%
    increase in daily production. Capital equipment planned for delivery during
    the next 60 days is expected to allow additional incremental increases in
    daily production.
    
--  With an estimated 400 tons currently on the ground, mineralization is
    being stockpiled at the present time to allow Fernando Infante, Executive
    Vice-President, an opportunity to review the Escala's current processing
    capacity and submit recommendations for the locations and placements of
    additional processing plants.
    

Additional information on Franklin's Escala Mine, including initial assay reports, is available at www.FranklinMining.com and in a Newsletter scheduled to be made available not later than the end of the day June 11, 2008.

About Franklin Mining, Inc.: Franklin Mining, Inc. has mining and energy interests in the United States and Bolivia as well as energy interests in Argentina. Franklin Mining, Bolivia S.A. is a wholly owned subsidiary.

Franklin Mining, Inc. holds 51% ownership in both Franklin Oil & Gas, Bolivia S.A. and Franklin Oil & Gas, Argentina S.A.

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, 702-386-5379.

Contact Information

  • Contact:
    Investor Relations
    A. S. Austin & Company
    702-386-5379