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

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Tue Jul 22, 2008 8:53am EDT 

  LAS VEGAS, NV, Jul 22 (MARKET WIRE) -- 
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

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