SILVER (Ag) PRODUCERS

[Inferno]

FMNJ (.007 +27%)news: Escala's Gold Reserves Projected to Be Greater Than Expected


2008-02-14 08:30 ET - News Release

LAS VEGAS, NV -- (MARKET WIRE) -- 02/14/08


Franklin Mining, Inc. (PINKSHEETS: FMNJ) (FRANKFURT: FMJ) CEO, William Petty, confirms that Franklin will begin taking gold from the first of its four known sources within their 500 hectare concession from COMIBOL.

The first mining specifically for gold will begin at the Cerro Blanco, the nearest of the four sites to where Franklin is presently mining silver, zinc and lead.

The initial discovery of gold at the Escala was made in early-1993. Within the year, a 70,000 square meter area at Cerro Blanco was gridded and 134 systematic samples returned an average 1.2 grams of gold per ton.

A series of 783 continuous and contiguous three meter chip samples were taken from within an approximate 35,000 square meter area after bulldozer benching and diamond drilling. This second set of samples confirmed earlier results. Gold mineralization was strongly zoned and contained significant sections above 1.0 grams per ton. The average of 60% of all samples was 0.51 gram per ton; the average of the remaining 40% was 1.16 grams per ton. At the highest end of the range of all assay results, there were a few as high as 2.8 and 3.9 grams per ton.

Additional information on Franklin's plans for mining at the Escala is available at www.FranklinMining.com, specifically in multiple Letters from the President to be posted during February 2008.

About The Escala Mine: Comprising three separate mining applications, COMIBOL's Escala Mine concession totals 2,000 hectares located in the Sud Lipez Province, near Bolivia's border with Argentina. Franklin Mining, Bolivia has been awarded a contract to mine 500 hectares within the original concession. Escala II and Escala III mining applications are currently assigned to another company.

The original Escala Mine was established during the Spanish colonial period and has been mined for lead, zinc, gold and silver. In 2007, Franklin Mining, Bolivia negotiated an agreement with COMIBOL, National Mining Company of Bolivia, to resume mining operations within the area of the original concession.

About Franklin Mining, Inc.: Franklin Mining, Inc. holds mining and energy interests in the United States and Bolivia as well as energy interests in Argentina. Franklin Mining, Bolivia 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.

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 our Investor Relations firm, A. S. Austin & Company, 1-702-386-5379.


Contact:
Investor Relations
A. S. Austin & Company
1-702-386-5379