Franklin Mining, Inc. (FMNJ)

[norel]

GREAT NEWS!!!!!
(Market Wire) Franklin Mining, Inc. & GDR Privée Arrange $470 Million Debt
Financing
Franklin Oil & Gas, Argentina, S.A. Will Use Proceeds to Construct Tierra del Fu
go GTL Plant



LAS VEGAS, NV -- (MARKET WIRE) -- 04/12/07 -- Franklin Mining, Inc. (PINKSHEETS
FMNJ)
announces that a debt financing arrangement is being negotiated to provide
for the design and construction cost of a 10,000 barrel-per-day
gas-to-liquid (GTL) processing facility in Tierra del Fuego, Argentina.
These arrangements will provide debt financing in an amount not to exceed
the project's anticipated $470 USD million budget.



GDR Privée, a New York investment bank with a specialization in debt and
asset based financing, is presently negotiating terms and conditions of the
financing with third-party institutional lenders. Under Argentina's
industrial laws act, the financing is to be structured as a debt instrument
secured by product sales contracts and agreements signed by Hugo Cocarro,
Governor of Tierra del Fuego, and a 25-year guarantee for the required
natural gas resource issued to Franklin Oil & Gas, Argentina S.A. by
Cristian A. Folgar, Argentina's National Undersecretary of Fuels.





The financing's closing and first draw is expected to take place following
acceptance of a final feasibility study. Franklin Mining, Inc.'s President
Jaime Melgarejo, Jr., is presently in Argentina meeting with local natural
gas producers and other partners prior to preparing the final feasibility
study.



In discussing today's news, Mr. Melgarejo concluded, "Franklin Mining is
pleased to report that GDR Privée has reached this stage in negotiating our
financing. When finalized, these funds will enable us to immediately move
forward on one of the most exciting new energy projects in South America."



About Franklin Mining, Inc: Franklin Mining, Inc. has mining and
exploration interests in the United States, Argentina and Bolivia; Franklin
Mining, Bolivia S.A. is a wholly owned subsidiary. Franklin Mining, Inc.
holds 51% ownership in both Franklin Oil & Gas, Bolivia S.A. and Franklin
Oil & Gas, Argentina S.A. Additional company information is available at
www.franklinmining.com.



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.




For further information, please visit our website (www.franklinmining.com)
or Contact:
Investor Relations firm
A. Austin & Company
1-702-386-5379




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