SOURCE: Franklin Mining, Inc.

March 04, 2008 08:30 ET

Franklin Vice President International Mining to Visit Escala

Tuesday, March 4, 2008, 8:30am Eastern

LAS VEGAS, NV--(Marketwire - March 4, 2008) - Franklin Mining, Inc. (PINKSHEETS: FMNJ) (FRANKFURT: FMJ) Vice President Howard Dunn will travel to the Escala Mine for a three day visit at the mine and in nearby communities, home of Franklin's mining partner, Cooperative Minera INTI Ltda.

Dr. Jaime Arancibia, General Manager, Franklin Mining, Bolivia and Walter Rea, Chief Financial Officer, Franklin Mining, Bolivia arrived at the Escala on March 1; Mr. Dunn arrived early today.

Howard Dunn, appointed Franklin's Vice President of Operations, International Mining, on February 13, arrived in Bolivia on March 2 and is making his first visit to the Escala. In addition to touring the current and planned work sites for Franklin's silver operations, Mr. Dunn will also inspect sites of Franklin's planned gold and copper operations.

Additional information on Franklin Mining, Inc.'s plan to expand the Escala I mining operation is available at www.FranklinMining.com, specifically in three letters to shareholders from Mr. Petty during February 2008 and additional letters planned for March 2008.

About The Escala Mine: Comprising three separate mining applications, COMIBOL's Escala Mine concession totals 2,000 hectares located in the Sud Lipez Province, near Bolivia's border with Argentina. Franklin Mining, Bolivia has been awarded a contract to mine 500 hectares within the original concession. Escala II and Escala III mining applications are currently assigned to another company.

The original Escala Mine was established during the Spanish colonial period and has been mined for lead, zinc, gold and silver. In 2007, Franklin Mining, Bolivia negotiated an agreement with COMIBOL, National Mining Company of Bolivia, to resume mining operations within the area of the original concession.

About Franklin Mining, Inc: Franklin Mining, Inc. holds mining and energy interests in the United States and Bolivia as well as energy interests in Argentina. Franklin Mining, Bolivia 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.

Contact Information

  • For further information, please visit our website (www.FranklinMining.com)
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