SOURCE: Franklin Mining, Inc.

February 13, 2007 08:30 ET

Franklin's Plan for Mining Operations at Cerro Rico de Potosi Presented to COMIBOL

LAS VEGAS, NV -- (MARKET WIRE) -- February 13, 2007 -- Franklin Mining, Inc. (PINKSHEETS: FMNJ) President Jaime Melgarejo, Jr. has reported that Franklin's final study for mine operations at the Cerro Rico de Potosi was presented to the COMIBOL Board of Directors on Friday, February 2, 2007.

The study was prepared and presented by Z&H Consultora, Santa Cruz, Bolivia, consultants with mining expertise. This $145,000 investment fulfills Franklin's Phase I requirements under terms of the COMIBOL agreement. A response from the COMIBOL Board of Directors is expected in about ten days.

COMIBOL reports on Franklin's assigned Cerro Rico veins indicate yields totaling 36,274,137 troy ounces of Silver; 586,117,434 pounds of Zinc; and 159,518,908 pounds of Tin. The value of the five veins is estimated to be approximately $2.2 Billion USD. Profits from the mining operations will be shared equally with COMIBOL after Franklin's initial investment has been repaid.

Additional information on Franklin's Cerro Rico agreement is available at www.franklinmining.com.

About Franklin Mining, Inc:

Franklin Mining, Inc. has interests in the United States, Argentina and Bolivia which include a wholly owned subsidiary, Franklin Mining, Bolivia, as well as 51% interest in Franklin Oil & Gas, Bolivia and 51% interest in Franklin Oil & Gas, Argentina.

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 check out our website www.franklinmining.com or
    contact:
    Investor Relations:
    Mr. Andrew Austin
    1-702-386-5379