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[december]

Press Release Source: Franklin Mining, Inc Franklin Mining, Inc
in Final Negotiations With COMIBOL
Tuesday March 7, 4:10 pm ET LAS VEGAS, NV--(MARKET WIRE)--Mar 7,
2006 -- Franklin Mining, Inc (Other OTC:FMNJ.PK - News) has submitted a
proposed contract for review by COMIBOL and a federation of local
cooperatives representing several thousand workers. COMIBOL is a mining
corporation owned by the government of Bolivia. If an agreement is reached,
Franklin will become a joint venture partner with COMIBOL and the
workers' cooperatives. Jaime Melgarejo, CEO of Franklin, explained that
the proposed agreement calls for COMIBOL to make the mine/s available,
the cooperatives to supply the labor force, and Franklin to supply mining
expertise and capital. Mr. Melagarejo went on to say that the proposed
Joint Venture will attempt to increase productivity at the Cerro Rico
[silver] Mine, Potosi, Bolivia which could result in higher revenues for
COMIBOL, significant cash flow for Franklin as well secure better wages
and working conditions for the miners supplied by the cooperatives. Mr.
Melgarejo also said that he hoped that "the current proposal will
result in a long term relationship between the parties."
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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. Additional information on company operations is found at our
website http://franklinmining.com.


Contact:
Contact: Franklin Mining, Inc. Andrew Austin
832-248-6211 [e-mail]

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