August 20, 2008
Franklin Mining Announces Zinc Find at Escala Generates Worldwide Interest
Franklin Mining, Inc. (PINKSHEETS: FMNJ) (FRANKFURT: FMJ) Chairman and CEO William Petty confirms he has received numerous inquiries concerning recently announced zinc content of Bolivia's Escala Mine. Mr. Petty also confirms that Franklin's Vice President of Operations for International Mining, Howard Dunn, P.E., is returning to Bolivia earlier than planned to supervise final testing and preparation for upcoming site visits by potential purchasers of zinc and other minerals.
As previously announced, a preliminary report following laboratory analysis of the Escala's third tier of samples is expected from SGS Lakefield Research Limited within the next few weeks. Further information on the Escala Mine, including initial assay reports, is available at www.FranklinMining.com.
The Escala Mine was established during the Spanish colonial period and has been mined for lead, zinc, gold and silver. In 2007, Franklin Mining, Bolivia (a wholly owned subsidiary of Franklin Mining, Inc.) negotiated an agreement with the National Mining Company of Bolivia (COMIBOL) to resume mining operations within the area of the original concession.
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.
A. S. Austin & Company Investor Relations 702-386-5379 www.FranklinMining.com
SOURCE: Franklin Mining, Inc.