Franklin Mining, Inc. (FMNJ)

[SPARK]

That's very nice news! Franklin Mining, Inc. Subsidiary, Franklin Oil & Gas, Bolivia, Will Manage Construction and Operations of New G-T-L Plant
Thursday April 27, 10:31 am ET


LAS VEGAS, NV--(MARKET WIRE)--Apr 27, 2006 -- Franklin Mining, Inc. (Other OTC:FMNJ.PK - News) 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.
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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."