SOURCE: Franklin Mining, Inc.

March 27, 2007 08:30 ET

Rothschild - Franklin Form Alliance

Charles Gregoire de Rothschild to Support Franklin's Requirement for $1.3 Billion Project Financing

LAS VEGAS, NV -- (MARKET WIRE) -- March 27, 2007 -- Franklin Mining, Inc. (PINKSHEETS: FMNJ) is pleased to announce having finalized an agreement with GDR Privee, a New York City investment bank, to act as financial consultant to the company and assist in securing project funding of $1.3 Billion for mining and energy agreements in Bolivia and a GTL contract in Argentina.

Charles Gregoire de Rothschild, GDR Privee Principal, and William A. Petty, Franklin Mining's Consultant, will work together in securing project funding from Mr. Rothschild's domestic and international banking relationships.

Jaime Melgarejo, Jr., Franklin President, and Kenneth J. Bock, GDR Chief Executive Officer, will work together to design and implement a financial strategy bringing Franklin to a positive cash-flow position as soon as possible. "We realize that cash-flow is the basis of success for both existing and future projects. With GDR's resources, we feel that some of our projects are now positioned to become fully operational in the near term," Mr. Melgarejo said, adding that he and all Franklin executives and directors are privileged to have formed this alliance. "We look forward to GDR's advice and support as we begin fulfilling our mining and GTL agreements in Bolivia and GTL contract in Argentina and as we develop additional projects throughout 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

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 ( or contact our Investor Relations firm, A. Austin & Company, 1-702-386-5379.

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