SOURCE: Franklin Mining, Inc.

March 26, 2007 08:30 ET

Franklin Updates Status of Financing

LAS VEGAS, NV -- (MARKET WIRE) -- March 26, 2007 -- Franklin Mining, Inc. (PINKSHEETS: FMNJ) consultant William Petty has returned to Bolivia after visiting Zurich, Switzerland and New York, NY. In Zurich, Mr. Petty delivered presentations for the acquisition of additional capital. Those presentations were well received and negotiations resulted in a proposal and contract which Mr. Petty has presented for review and consideration by Franklin's Board of Directors.

In New York City, Mr. Petty's project financing presentation before an investment bank with international interests was well received; the results of that meeting will be announced shortly.

In releasing confirmation of a pending capital contract and project financing agreement, Jaime Melgarejo, Jr., President of Franklin Mining, Inc., said that, "Mr. Petty's relationships with major international capital markets made it possible for Franklin to receive these proposals." Mr. Petty has had business and investment interests in South America since 1974 and in Bolivia since 1985. He has been a consultant to Franklin Mining, Inc. since 2003.

About Franklin Mining, Inc.: Franklin Mining, Inc. has mining and exploration interests in the United States, Argentina and Bolivia; 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. Additional company information is available at

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 ( or contact our Investor Relations firm, A. Austin & Company, 1-702-386-5379.

Contact Information

  • Contact:
    Investor Relations
    A. Austin & Company