SOURCE: Franklin Mining, Inc.

February 22, 2007 08:30 ET

Franklin's Expanded Pulacayo Due Diligence Is Complete

LAS VEGAS, NV -- (MARKET WIRE) -- February 22, 2007 -- Franklin Mining, Inc. (PINKSHEETS: FMNJ) President Jaime Melgarejo, Jr. confirms that the expanded analysis of Pulcayo tailings is complete.

Tailings from the Pulacayo mine have been analyzed by The National University of San Agustin of Arequipa, Peru, in consultation with SERGEOTECMIN (Servicio Nacional de Geología y Técnico de Minas, Department of Mines and Metallurgy in Oruro, Bolivia). This analysis -- previously announced on January 18, 2007 -- was part of an expanded due diligence and was made using a much larger sample than had been used in any earlier analysis.

Franklin Mining, Inc. elected to expand the scope of their Pulacayo due diligence to confirm earlier results, which had indicated that minerals were recoverable in greater than expected quantities.

In confirming that the final analysis is complete and that results will soon be made public, Franklin's President, Jaime Melgarejo, Jr, added that the tests -- conducted by a highly respected University in Peru and in cooperation with Bolivia's SERGEOTECMIN -- were made using the same environmentally safe engineering process Franklin Mining, Bolivia, S.A. will use in the recovery of gold and silver from the Pulacayo tailings.

Additional information on Franklin Mining, Inc.'s contract to process tailings at Bolivia's Pulacayo mine is available at Information on the National University of San Agustin of Arequipa and SERGEOTECMIN is available at their web-sites ( and

About Franklin Mining, Inc:

Franklin Mining, Inc. has mining and exploration interests in the United States, Argentina and Bolivia including a wholly owned subsidiary, Franklin Mining, Bolivia S.A, and 51% ownership in both Franklin Oil & Gas, Bolivia S.A. and Franklin Oil & Gas, Argentina S.A.


"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.

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