July 22, 2008

Franklin CEO Returns to Bolivia; SGS of Canada’s Lab Analysis of Escala Mine Indicates Significant Silver and Zinc Content

Franklin Mining, Inc. (PINKSHEETS: FMNJ) (FRANKFURT: FMJ) Chairman and President William A. Petty has returned to Bolivia to review and discuss the Escala's laboratory analysis and metallurgy reports prior to a full release of the mine's mineral content.

"I am encouraged by the reports and analysis received from the SGS Laboratory in Ontario, Canada. The 250 samples taken from Escala in June 2008, packaged and shipped following the Colorado School of Mines' prescribed procedures, are indicating significant silver and zinc content." Mr. Petty continued, "Even though we've not yet fully completed the review process, I have begun preparing a recommendation for approval of further capital investment in our Escala operation."

Franklin's Escala managers, geologist and engineer will review the reports this week and discuss them with Fernando Infante, Executive Vice President, and Howard Dunn, Vice President of Operations, International Mining, before releasing the full report.

About Franklin Mining, Inc: Franklin Mining, Inc. has 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 International S.A. Additional information is available at www.FranklinMining.com.

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, 702-386-5379.

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

SOURCE: Franklin Mining, Inc.