July 29, 2008

Franklin Executives Return to Buenos Aires

Franklin Mining, Inc. (PINKSHEETS: FMNJ) (FRANKFURT: FMJ) Chairman and President William A. Petty, Fernando Infante, Executive Vice President, and Howard Dunn, Vice President of Operations, International Mining, will return to Buenos Aires, Argentina on July 30, 2008 to meet with representatives from the Provincia de Tierra del Fuego, Argentina.

Mr. Infante and Mr. Dunn will present and discuss final technical recommendations for construction of a gas to liquid plant with engineering and technical representatives of the Provincial government.

Franklin Oil & Gas International SA signed a Letter of Intent on May 29, 2008, with Maria Fabiana Rios, Governadora, Provincia de Tierra del Fuego, to construct a GTL plant with an initial minimal daily production of 5,000 barrels per day.

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: www.FranklinMining.com Investor Relations A. S. Austin & Company 702-386-5379  

SOURCE: Franklin Mining, Inc.