SOURCE: Kalahari Greentech, Inc.

March 30, 2011 12:32 ET

Kalahari Greentech - Franklin Mining Announce Plan for Operating Agreement; Bolivia's Escala Mina I's Silver, Lead & Zinc Recovery

LA MESA, CA--(Marketwire - March 30, 2011) - Kalahari Greentech, Inc (PINKSHEETS: KHGT) announces having negotiated a Joint Venture Agreement with Franklin Mining, Inc to establish a silver, lead and zinc recovery operation at Bolivia's Escala Mina I.

Franklin Mining, Inc has previously been granted rights for the exploration and exploitation of metals and minerals at the Escala Mina I by COMIBOL (National Mining Company of Bolivia). Franklin initially formed a joint-venture including COMIBOL and Cooperativa Minera "INTI" Ltda and established a mining operation with the completion of infrastructure and other restorations at the mine's center of operations and main tunnels. Kalahari Greentech, Inc, La Mesa, CA, had focused on the development, construction, and operation of wind and solar energy projects; this will be their first mining venture. Each company will share equally in joint-venture revenue distributions after expenses.

Terms of the joint-venture provides for Kalahari Greentech, Inc and Franklin Mining, Inc to be jointly and equally responsible for mining operations with each to provide various management services.

About The Escala Mine: Consisting of three separate mining applications, COMIBOL's Escala concession totals 2,000 hectares located in the Sud Lipez Province, near Bolivia's border with Argentina. Franklin Mining Bolivia's current contract is for the recovery of metals and minerals within a 500 hectare area known as Escala Mina I; proposals for the inclusion of Escala II and Escala III mining applications are currently before COMIBOL.

The original Escala Mine was established during Bolivia's Spanish colonial period and has been mined for lead, zinc, gold and silver. In 2007, Franklin Mining Bolivia negotiated an agreement with COMIBOL to resume operations at Escala Mina I and formed a joint-venture to include Cooperativa Minera "INTI" Ltda.

ABOUT KALAHARI GREENTECH, INC. Kalahari Greentech Inc. is an energy company focused on the use of Natural Resources of the Earth to produce revenues allowing the company to work on building a stronger planet by developing and implementing Green Technologies worldwide.

About Franklin Mining, Inc: Franklin Mining, Inc. has mining interests in the United States and Bolivia. Additional information is available at www.FranklinMining.com.  

Safe Harbor Statement To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, future collaboration agreements, the success of the Company's development, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made.

For further information, please visit our websites (http://kalahariint.com) or (www.FranklinMining.com) or contact our Investor Relations firm.

Contact Information

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