SOURCE: Franklin Mining, Inc.

May 14, 2008 16:16 ET

Franklin's Escala Mine Operating On-Plan; First Revenues Report Due 30 May 2008

LAS VEGAS, NV--(Marketwire - May 14, 2008) - Franklin Mining, Inc. (PINKSHEETS: FMNJ) Chairman and CEO William A. Petty is today confirming that his previously projected 30 May 2008 deadline for first revenues from the Escala Mine joint-venture will be met.

"Howard Dunn, Franklin's Vice President of Operations for International Mining, returned to La Paz, Bolivia on Monday, 12 May. Yesterday, Mr. Dunn met with Dr. Jaime Arrancibia, General Manager, Franklin Mining, Bolivia and other senior members of the management team," said Mr. Petty. "Early next week, following Mr. Dunn's return from the Escala Mine, I'll have additional production information and a better projection of May's revenues."

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.

Additional company 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.

Contact Information

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