SOURCE: Franklin Mining, Inc.

August 11, 2008 11:32 ET

Franklin's Escala Mine Continues to Produce Zinc Content Five Times Greater Than Initially Reported

Preparations for Expanding Mine Operations Underway

LAS VEGAS, NV--(Marketwire - August 11, 2008) - Franklin Mining, Inc. (PINKSHEETS: FMNJ) (FRANKFURT: FMJ) Executive Vice-President Fernando Infante returned to Santa Cruz, Bolivia on Friday, August 8 and met with Dr. Jaime Arancibia and his management team from the Escala Mine. This was Mr. Infante's first meeting with Franklin's Escala managers since receipt of SGS Lakefield Research Limited's July 17, 2008 Certificate of Analysis.

As previously announced, SGS's July report indicates silver values at 30 grams per metric ton, 2.1% zinc and 1.1% lead. Dr. Arancibia reports that samples required for a Level II analysis have been collected and prepared to be submitted to the lab.

Franklin's managers, supervisors and Cooperativa Minera INTI Ltda partners continue expanding the Escala Mine's infrastructure in anticipation of significant increases in daily production. A total of 54 blasts were completed during July as part of preparing two new tunnels. Preparations will continue through August with expanded production scheduled to begin in September.

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 is a wholly owned subsidiary. Franklin Mining, Inc. holds 51% ownership in both Franklin Oil & Gas, Bolivia S.A. and Franklin Oil & Gas International S.A. 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, 702-386-5379.

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    A. S. Austin & Company
    702-386-5379