SOURCE: Franklin Mining, Inc.

February 21, 2008 08:30 ET

Silver Content at the Escala Showing Signs of Increase

LAS VEGAS, NV--(Marketwire - February 21, 2008) - Franklin Mining, Inc. (PINKSHEETS: FMNJ) (FRANKFURT: FMJ) CEO, William Petty is reporting that Franklin Mining, Bolivia's General Manager, Dr. Jaime Arancibia, and Mining Engineer, Mr. Javier Leyton, believe the Escala Mine has begun showing signs of a greater than expected silver content.

Dr. Arancibia and Mr. Leyton have worked in Bolivia's mining and hydrocarbons industries about twenty years each. Their professional opinion is that the silver being recovered from the most recent blast sites at the Escala is greater than previously estimated.

Using reports prepared by Austpac Gold, NL in 1993-1994 and supplied to Franklin by COMIBOL, the mineral content in areas where blasting is currently being conducted was estimated to be 1 Kg per ton of silver and 2 grams per ton of gold as well as economically viable quantities of lead and zinc and some copper.

Recovery efforts completed over the past several weeks have produced an estimated 100 tons to be processed. The actual mineral content recovered from the Escala will be announced when the processing of this first month's production is complete.

Additional information on Franklin's plans for mining at the Escala is available at www.FranklinMining.com, specifically in multiple Letters from the President to be posted during February 2008.

About The Escala Mine: Comprising three separate mining applications, COMIBOL's Escala Mine concession totals 2,000 hectares located in the Sud Lipez Province, near Bolivia's border with Argentina. Franklin Mining, Bolivia has been awarded a contract to mine 500 hectares within the original concession. Escala II and Escala III mining applications are currently assigned to another company.

The original Escala Mine was established during the Spanish colonial period and has been mined for lead, zinc, gold and silver. In 2007, Franklin Mining, Bolivia negotiated an agreement with COMIBOL, National Mining Company of Bolivia, to resume mining operations within the area of the original concession.

About Franklin Mining, Inc: Franklin Mining, Inc. holds mining and energy interests in the United States and Bolivia as well as energy interests in Argentina. Franklin Mining, Bolivia 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. S. Austin & Company, 1-702-386-5379.

Contact Information

  • Contact:
    Investor Relations
    A. S. Austin & Company
    1-702-386-5379