Franklin Mining, Inc. (FMNJ)

[NYBob]

In Reply To 'jdigilarmo' on 'Franklin Mining, Inc.' -

The reports that we have seen that was done for the Bolivian government shows the area to have
an average tenor of .2-.4 grams per cubic meter.

We have seen unsubstantiated (meaning reports without drill records or extensive drilling
programs) reports to be between 0.4 to 0.6 gr/m3.

One report that was done by the Ministry of Mines and Metallurgy of Bolivia (report 388/00
made in 1984) lists the probable reserves of Mayaya of about 26,280 troy ounces of gold with an
average tenor of 230 mg’s per cubic yard based on a volume of 3,554,000 cubic yards (page 66).

This is about ¼ of the tenor that we have achieved at our pit we are currently working. That is
approximately 11 million dollars in probable reserves based on a $420.00 per ounce of gold.

http://www.investorshub.com/boards/read_msg.asp?message_id=10548052In

another report that was done byWatts, Grifis, and McQuat back 1997 table 2

“Inventory of Reserves
and other Mineralization probable reserves”
List the possible reserves in the kaka area
under Milliscuni , which is in the area we work,
shows a probable reserve of 52,055 ounces
based on a tenor of 257 mg per cubic meter
based on a volume of 6,300,000 cubic meters.

That is approximately 21.8 million dollars
in probable reserves based on a value of $420.00 per ounce.

Currently, as the operation stands we have the ability
to wash about 3000 cubic meters per
month.

Our operation is under equipped and undercapitalized.

Our strategy is to build local
banking relations while we our producing and to utilize
the local banks to further finance
equipment purchases.

Our original plan for 2005 is to expand our equipment
on site by a front loader, trucks and a
concentrating table as well as to buy the excavator
(we currently rent) as quickly as our cash
flow permits…this should increase our operational
capacity to about 25,000 cubic meters per month.

We hoped to accomplish this during the third quarter
of 2005.

This equipment would
increase our profit margins considerably and we should
then be in a situation that we can start
planning for a 2nd operation to start up by early 2006.

We hoped to have a third operation in
planning by 2nd quarter of 2006 and start implementation
of the third project by late 2006.

However, the shortage of diesel and the political situation
that occurred in Bolivia this year has
delayed our timeframe considerably.

http://www.franklinmining.com/Portals/40/Mayaya%20description.pdf

http://www.investorshub.com/boards/read_msg.asp?message_id=10548052