SOURCE: Franklin Mining, Inc.

April 02, 2007 08:30 ET

GDR Privée to Design Franklin's Financial Strategy

LAS VEGAS, NV -- (MARKET WIRE) -- April 2, 2007 -- Franklin Mining, Inc. (PINKSHEETS: FMNJ) is pleased to announce that Mr. Melgarejo of Franklin Mining, Inc. and Mr. Kenneth J. Bock of GDR Privée have begun preparing a financial strategy to bring Franklin Mining to a positive cash-flow. "Among our multiple pending projects, Franklin has developed several to the stage that they are now ready to become operational," Mr. Melgarejo said. "We are excited about the opportunity to have Mr. Bock's guidance and GDR Privée's resources assisting us."

Prior to accepting the position as GDR Privée's CEO, Kenneth Bock was Chief Executive Officer of Munich RE and American RE Capital Markets, Inc. from 1999 to 2006. During his twenty-five year career in domestic and international finance, Mr. Bock held executive positions with Goldman Sachs, Paribas Capital Markets, UBS Securities and Morgan Stanley & Company.

Joining Mr. Melgarejo and Mr. Bock will be Dr. Roy Rivas Murillo, Franklin's Senior Financial Analyst. Dr. Rivas, Professor of Financial Engineering, Universidad Autonoma Gabriel Rene Moreno, Santa Cruz, Bolivia, has prepared project funding analysis and use of funds statements for many of Franklin's mining and energy projects in South America.

About Franklin Mining, Inc.: Franklin Mining, Inc. has mining and exploration interests in the United States, Argentina and Bolivia; 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).

Contact Information

  • Contact:
    Investor Relations
    A. Austin & Company
    1-702-386-5379.