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Franklin Mining, Inc. FMNJ) subsidiary,
Franklin Oil & Gas, Bolivia, in partnership with Yacimientos Petroliferos
Fiscales Bolivianos (YPFB), Bolivia's state-owned energy company, will be
responsible for constructing, then managing a gas-to-liquid plant to be
built in Bolivia's Santa Cruz department.



Franklin Oil & Gas, Bolivia and YPFB executives are currently reviewing two
construction options. One option is a plant designed to produce an
estimated 10,000 barrels per day of diesel fuel. Another option is a gas
processing plant designed to produce about 9,500 barrels per day of
natural-gas-liquids (NGL) in addition to diesel fuel.





Terms of the partnership agreement stipulates that each day's diesel fuel
production in excess of Bolivia's domestic market's needs will be made
available for export.



Because diesel is the only fuel presently imported by Bolivia, the
partnership's revenues from domestic fuel sales are slated to be strong
from the beginning and with the rising popularity of diesel as a
less-expensive, cleaner-burning fuel, export sales are also positioned to
be strong.



"The entire world is experiencing a growing demand for diesel fuel despite
rising prices. In U.S. terms, the 2001 national average was $1.40 per
gallon and $2.41 in 2005." Franklin Mining's CEO, Jaime Melgarejo, added
in concluding today's announcement, "Our partnership with YPFB will benefit
from what we know is a proven supply and what we believe will be a
continuing growth in demand."



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.



Additional information on company operations is found at our website
http://franklinmining.com. To receive future company announcements by
e-mail, please send your contact information to [e-mail].



Contact:

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