SOURCE: Franklin Mining, Inc.

March 13, 2007 08:30 ET

Pulacayo Production Will Strengthen Franklin Mining, Inc.

Auditor Will Present Opinion and Recommendation to Franklin Board

LAS VEGAS, NV -- (MARKET WIRE) -- March 13, 2007 -- Franklin Mining, Inc. (PINKSHEETS: FMNJ) subsidiary Franklin Mining, Bolivia S.A. reports they are in the final stage of determining which engineering process will be used at Pulacayo. Reviews and tests currently underway and due to be complete this week will determine selection between a traditional process developed in Peru and a new technology developed in Germany and thought to be more environmentally safe. Franklin's objective in testing both processes is to insure that the safest and cleanest process is selected.

Effective with production, Franklin Mining, Inc. and Franklin Mining, Bolivia S.A. Balance Sheets will reflect the significant valuations of proven gold, silver and zinc reserves under contract in Bolivia.

Later this week, Franklin's Auditor will brief the Board of Directors on The Financial Accounting Standards Board approved financial accounting and reporting guidelines. FASB's Generally Accepted Accounting Principles (GAAP) will govern Franklin's reporting of their Bolivian mining contract assets in future financial statements.

About Franklin Mining, Inc.'s Mining Projects in Bolivia: Each of the Pulacayo's 4 million tons of tailings is estimated to contain .7 grams of gold and 53.3 grams of silver. With current gold and silver prices promising to remain stabile, cash flow to the Franklin, COMIBOL partnership from processing tailings will be substantial.

In a report provided to Franklin Mining, Inc. by COMIBOL, the estimated silver, tin and zinc reserves in the five announced veins and branches of the Cerro Rico Silver Mine have current market values of approximately $2.2 Billion USD. The Mining Corporation of Bolivia (COMIBOL) is Bolivia's national mining company.

Franklin Mining Bolivia, S.A. is under contract to deliver 50,000 tons of Zinc concentrate at 47% minimum to a consortium representing multiple entities in Japan. This contract will permit Franklin to consolidate ore concentrates from both its Cerro Rico and Pulacayo resources. Japanese refineries recovering the zinc will also pay for the gold and silver content of the concentrate.

Additional information on Franklin Mining, Inc. is available at www.franklinmining.com.

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.

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).

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