Franklin Mining, Inc. (FMNJ)

[NYBob]

APM to receive Karachipampa plant -
November 12, 2008



BNamericas reported that Bolivia's government will hand
over control of the Karachipampa metallurgical plant in
Potosí department to Canada's Atlas Precious Metals
on February 20th 2008.
Karachipampa will start operating within 10 to 12 months
with production scheduled to begin in 2009.

A mining ministry spokesperson told BNamericas that
"It has been confirmed that the guarantee will be
delivered to the government this Wednesday and physical
control of the plant will be issued at the same time
adding that the transfer ceremony has already been organized.”

The spokesman said that "We expect President Evo Morales -
to be present.”

Comibol and Atlas Precious Metals -
signed a 35:65 JV agreement in June 2005 to reactivate
the 51,000 tonne per year Karachipampa plant for treatment
of silver based concentrates with traces of zinc.

Atlas Precious Metals -
has prepared the USD 850,000 guarantee to Bolivian state
miner Comibol in exchange for the right to reactivate
the lead-silver smelter under its own management.

The project calls for a total investment of USD 174 million.

The Karachipampa plant -
was completed in 1983 at a cost of USD 500 million
but has never been put into production because of what
have been called conceptual errors in its design.

http://steelguru.com/news/index/2008/02/21/Mzc0Mjg%3D/APM_to_receive_Karachipampa_plant%25250D%25250A.html

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dd..
The Franklin Mining Escala neighbour property -
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