SILVER (Ag) PRODUCERS

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Franklin Mining - NEWS - The Cerro Rico Mine -
Report by Behre Dolbear on the Cerro Rico Mine -





Franklin Mining, Inc. -
October 17, 2006 - (FMNJ) - has obtained a report -
during the capitalization of Bolivia by Behre Dolbear -



Behre Dolbear is one of the oldest, continually operating
minerals industry consulting firms in the world.

Since its founding, the company has spanned the industry
from the primitive pick and shovel days of mining to
the computer age of geostatistics.

Behre Dolbear offers fully integrated management consulting
and technical advisory services exclusively in the minerals
industries from offices around the world.

The company's emphasis on estimating the potential economic
performance of undeveloped deposits and inactive and
active mining operations, based on technical and
other parameters specific to those deposits and
operations, is unique to Behre Dolbear.

This integrated, balanced approach towards the prediction
of future performance enables mining company management
and the financial community to make meaningful decisions
with a high degree of confidence from a true business
perspective.

In early 2006, COMIBOL, The Mining Corporation of Bolivia
and Franklin Mining signed a contract for an area said
to contain five main veins of the Cerro Rico Mine -
considered by many to be the world's largest silver mine -



According to COMIBOL -
the five veins are said to hold over 5.5 million metric tons
of ore, with the combined estimated reserves -
said to contain about -

938130 kgs of Silver -
250,004 tons of zinc -
and over 72,377 tons of tin -

yielding approximately -

33,018,564 ounces of Silver -
550,784,040 lbs of zinc -
and 159,518,908 lbs of tin -

As agreed in the joint venture with COMIBOL -
Franklin Mining -

is investing $140,000 (USD) in a study of -

The Cerro Rico Mine -

which Behre Dolbear will advise -
review and approve -



Franklin Mining -
will publish part of the Behre Dolbear report -
in the near future on its web site at -

http://www.franklinmining.com.

"The review and analysis of the report details -
are of the utmost importance to us.
Behre Dolbear offers Franklin Mining -
experience, expertise, and credibility towards the
prediction of the future economic value of -
the Cerro Rico Mine -
and we look forward to sharing the details -
of this report with our shareholders,"
said Jaime Melgarejo, President of
Franklin Mining, Inc.

About Franklin Mining, Inc.:

Franklin Mining -
currently has interests in Bolivia and the United States
and opened a wholly owned subsidiary in Bolivia.
Franklin Mining, Inc. -
Bolivian subsidiaries include
Franklin Mining, Bolivia -
and majority ownership in
Franklin Oil & Gas, Bolivia -

For information about
Franklin Mining, Inc.
visit our website:
http://www.franklinmining.com.

About Cerro Rico Mine:



The Cerro Rico Mine -
is considered by many to be -
the richest Silver mine in the world.
Rich in zinc and Silver -
it has been actively mined since the 1500s -
and is in operation today -





Cerro Rico is owned by Bolivia's national mining company -
COMIBOL.

About COMIBOL:

COMIBOL is the government owned mining company in Bolivia.

COMIBOL owns the Cerro Rico mines -
as well as many other properties and
mineral rights in Bolivia.

DISCLOSURES:

"Safe Harbor" statement under the Private Securities Litigation
Reform Act of 1995: This press release contains forward-looking
statements ---- made by, or on behalf of,
Franklin Mining, Inc.

Source: Market Wire (October 17, 2006 - 7:15 AM EST)

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