SOURCE: Franklin Mining, Inc.

April 10, 2006 11:07 ET

Petty International Development Company Rejoins Franklin Mining's Joint Venture Negotiations in Bolivia

LAS VEGAS, NV -- (MARKET WIRE) -- April 10, 2006 -- Franklin Mining, Inc. (OTC: FMNJ) CEO Jaime Melgarejo confirms that William Petty of Petty International Development Company has returned to Bolivia and will join Mr. Melgarejo in meetings with COMIBOL executives as they finalize negotiations for their Joint Venture.

"COMIBOL's decision to assign four silver veins to our Joint Venture signals that we are very near completion of these lengthy negotiations." In making today's announcement, Mr. Melgarejo again expresses his appreciation to COMIBOL. "With COMIBOL contributing mining assets and Franklin contributing capital and expertise, we will soon begin our work at the Cerro Rico."

When finalized, Franklin Mining's negotiations with COMIBOL will result in a Joint Venture dedicated to improving mine productivity in the Cerro Rico. The technology and other capital assets Franklin Mining plans to contribute to the Joint Venture will also serve to promote economic growth and development of the entire community surrounding the historic Cerro Rico Mine.


"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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