SOURCE: Franklin Mining, Inc.

November 14, 2007 09:51 ET

Franklin's Escala Mine Project Will Immediately Benefit From Previous Capital Development

LAS VEGAS, NV--(Marketwire - November 14, 2007) - Franklin Mining, Inc. (PINKSHEETS: FMNJ) managers are reporting they expect to immediately benefit from the two main shafts at the Escala Mine. The Escala's principal gallery, or mine shaft, dates back to the Colonial period. The other shaft is smaller, about 25 meters deep. In addition, two other mine sites, each about 50 meters deep, are not yet fully explored but will be worked beginning in about a month.

Having access to two mine shafts, together with two other previously worked sites, is of significant benefit to the Escala Mine project. These previously developed work sites represent a tremendous savings in what would have otherwise required a sizeable capital investment and a lengthy period of time before reaching full productivity.

CEO William Petty confirmed today's report and added, "The opportunity to almost immediately bring the Escala project into production is what made it so attractive when we first learned of it. Being able to benefit from the capital investment of previous operations has significantly reduced start-up costs and definitely shortens the lead time between 'the first day of production' and 'taking product' to market."

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

The original Escala Mine was established during the Spanish colonial period and has, intermittently, been mined for lead, zinc, gold and silver.

In 2007, Franklin Mining, Bolivia S.A. negotiated an agreement with COMIBOL to resume mining operations within the area of the original concession. It is this original concession which contains all utilities, offices, shops and housing.

Corporacion Minera de Bolivia, often known as COMIBOL, is the National Mining Company of Bolivia.

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

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. S. Austin & Company, 1-702-386-5379.

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