Franklin Mining, Inc. (FMNJ)

[NYBob]

GTL Provides Ultra Clean Fuel, Exceeds Most Clean
Air Standards and Reduces Production Costs -




GTL Provides Ultra Clean Fuel, Exceeds Most Clean
Air Standards and Reduces Production Costs -
Thursday June 1, 10:55 am ET

GTL Technology Has the Potential to Convert Trillions
of Cubic Feet of Natural Gas Into -
Billions of Barrels of Fuel

LAS VEGAS, NV--(MARKET WIRE)--Jun 1, 2006 --

Franklin Mining, Inc.
(Other OTC:FMNJ.PK - News).
GTL technology to be used in the YPFB and Franklin Oil & Gas,
Bolivia S.A. - joint venture processing plant -
will convert natural gas into a liquid synthetic fuel.

Locally known as eco-diesel, the GTL produced fuel will
be a near crystal clear liquid, free from most --
if not all -- pollutants.

The YPFB, Franklin joint venture processing plant -
will provide fuel for both industrial and consumer use.
When available, the eco-diesel product will immediately
begin eliminating Bolivia's need for imported diesel fuels.

GTL produced fuels can be used to power diesel engines
of various uses and applications as well as jet and
natural gas turbines.

Franklin Mining, Inc.'s directors and executives -
believe the YPFB, Franklin Oil & Gas, Bolivia S.A. -
joint venture will provide shareholder value as GTL
technology and Bolivia's abundant natural gas reserves
combine to meet domestic needs and capitalize
on export opportunities.

Both partners in the joint venture created by last
week's MOU will share equally in the net profits
generated by plant operations and sales, marketing
and distribution of all products. It will do so using
existing marketing and distribution infrastructure
(pipelines, storage tanks and delivery vehicles;
wholesalers and distributors; retailers).

As a result of increased interest in and application of GTL
technology, engineering advances have begun reducing the
capital cost of production facilities.
Franklin Mining, Inc. executives are reviewing plant design
and construction needs and requirements anticipating that
all recent technological advancements will be included.

The benefit of GTL technology is becoming increasing clear
as major oil producing companies embrace it:
a serious potential of converting trillions of cubic feet
of natural gas into billions of barrels of fuel.

Not only will operating companies with access to natural
gas reserves realize increased revenues and -- in theory --
eventual increases in bottom line profits, the benefit
of job creation and economic expansion will be
potentially significant in some countries.

The YPFB, Franklin Oil & Gas, Bolivia, S.A. joint venture
partners will benefit equally from the results of their
job creation and cash flow activities as well as profit
distributions.
The Santa Cruz community and all of Bolivia -
should also benefit from a reduced reliance on fuel imported
from other countries as well as the benefits of
an increase in exports.

Franklin Oil & Gas, Bolivia S.A. -
(a Bolivian corporation) is a subsidiary of -
Franklin Mining, Inc.
YPFB (Yacimientos Petroliferos Fiscales Bolivianos),
is Bolivia's state-owned oil company.

Their joint venture company will maintain a
Regional Office in La Paz and an operations office in
the city of Santa Cruz.

The joint venture's GTL processing plant is planned
to be constructed in the Grande River region of
the Department of Santa Cruz, in the eastern portion
of Bolivia.

For additional information on -

Franklin Mining, Inc. -
please visit our web-site -

http://www.franklinmining.com

To receive future Franklin Mining news by e-mail,
please send contact information to

[e-mail].

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.

To receive future company information via e-mail,
please send your contact information to [e-mail].


Contact:

Contact:
Franklin Mining, Inc.
Andrew Austin
619-334-5644
[e-mail]


Source: Franklin Mining, Inc.


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