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FMNJ News Franklin Joint-Venture to Provide Oil Rigs
Tuesday, June 24, 2008 9:05 AM

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News for 'FMNJ' - (Franklin Joint-Venture to Provide Oil Rigs)


LAS VEGAS, NV, Jun 24, 2008 (MARKET WIRE via COMTEX) -- Franklin Mining, Inc.
(PINKSHEETS: FMNJ) Chairman and President, William A. Petty, is pleased to
announce that Franklin has entered into a joint-venture agreement with Cherokee
Oil & Gas, Inc., Tulsa, OK and General Turbine Systems, Inc., Houston, TX to
provide oil rigs in Bolivia, Colombia and Brazil.

Franklin Oil & Gas, Bolivia S.A. has offered four rigs to YPFB (Yacimientos
Petroliferos Fiscales Bolivianos), Bolivia's national petroleum company. Another
three rigs have been offered in Colombia and two in Brazil.

In addition to providing rigs, Franklin Oil & Gas, Bolivia has submitted an
application to YPFB for exploration and workover permits in four Bolivian oil
fields.

About Franklin Mining, Inc.: Franklin Mining, Inc. has 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.

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





Contact:

Investor Relations firm

A. S. Austin & Company

702-386-5379





SOURCE: Franklin Mining, Inc.





Copyright 2008 Market Wire, All rights reserved.

-0-




SUBJECT CODE: Manufacturing and Production:Mining and Metals

Energy and Utilities:Oil and Gas

Source: Comtex Wall Street News
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