SOURCE: Franklin Mining, Inc.

May 03, 2006 11:32 ET

Shareholder Group Travels to Bolivia; Franklin Oil & Gas, Bolivia and Franklin Mining, Bolivia Schedule Meetings With YPFB and COMIBOL

LAS VEGAS, NV -- (MARKET WIRE) -- May 3, 2006 -- Franklin Mining, Inc. (OTC: FMNJ). William A. Petty, Petty International Development Company and a group of six FMNJ shareholders are in La Paz, Bolivia for a series of meetings with YPFB and COMIBOL in Santa Cruz and Potosi. The meetings are being hosted by Franklin Mining, Inc.'s two Bolivian subsidiaries along with executives of both YPFB and COMIBOL.

Meetings with YPFB executives will include discussions of the Franklin Oil & Gas, Bolivia and YPFB partnership's plans for construction and operation of a gas-to-liquid plant in Santa Cruz.

The COMIBOL meetings will include a presentation and discussion of the Franklin Mining, Bolivia and COMIBOL joint venture for mining operations in the Cerro Rico Mine. While in Potosi, the shareholder group will take a walking tour of the Cerro Rico.

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.

Additional information on company operations is found at our website http://franklinmining.com.

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