Franklin Mining, Inc. (PINKSHEETS: FMNJ) CEO and President, William A. Petty, today issued the following shareholder letter. To all FMNJ Shareholders, Employees and Partners, Our company is ending the year on a positive and upbeat note.

A Franklin Mining, Inc. (PINKSHEETS: FMNJ) manager has confirmed that in preparing The Escala Mine to resume production, an estimated 200 tons is ready for immediate shipment to the processing plant. As work crews continue clearing tunnels and shafts, shipments will continue to be prepared.

Franklin Mining, Inc. (PINKSHEETS: FMNJ) managers are reporting they expect to immediately benefit from the two main shafts at the Escala Mine. The Escala's principal gallery, or mine shaft, dates back to the Colonial period. The other shaft is smaller, about 25 meters deep.

Franklin Mining, Inc. (PINKSHEETS: FMNJ) CEO and President William Petty today announced that startup preparations at the Escala Mine are on schedule and projected to be generally complete in time for the scheduled October 25, 2007 start date.

Franklin Mining, Inc. (PINKSHEETS: FMNJ) CEO and President, William Petty is confirming that Franklin's Director of Engineering Services has completed an on-site inspection of the Escala Mine and reports that preparations needed to begin mine operations are nearly complete.