SOURCE: Franklin Mining, Inc.

March 07, 2007 10:29 ET

Pulacayo Project Moving Forward, on Schedule; Alex Stewart (Assayers) Ltd. Report in Preparation

LAS VEGAS, NV -- (MARKET WIRE) -- March 7, 2007 -- Franklin Mining, Inc. (PINKSHEETS: FMNJ) President Jaime Melgarejo, Jr. was in La Paz on Tuesday, March 6, to confirm final details regarding the purchase and relocation of a pilot plant to be used in processing Pulacayo Tailings. Mr. Melgarejo is reporting that the project is moving forward on schedule and that he expects the plant to arrive at the worksite within four weeks.

Mr. William Petty has returned to the U.S. en route to Bolivia after a series of meetings in Zurich, Switzerland. Mr. Petty is reporting that each of the several financial institutions he met with last week expressed serious interest in Franklin's mining projects in Bolivia. The results of those meetings are expected to be announced within the next several weeks.

Alex Stewart (Assayers) Ltd. is providing professional services for the Pulacayo Tailings project and will assist Franklin Mining, Bolivia's General Manager, Dr. Jaime Arancibia Davila, as he reviews and considers alternate engineering processes to increase both productivity and recovery rates.

Additional information on Franklin Mining, Inc.'s contract to process mine tailings at Pulacayo, Bolivia is available at www.franklinmining.com. For additional information on Alex Stewart (Assayers), Ltd., please see www.alexstewart.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) or contact our Investor Relations firm, A. Austin & Company, 1-702-386-5379.

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