Franklin Mining, Inc. (FMNJ)

[sps50]

Dear Mod,

Some of our esteemed contributors are NOT reading all the past posts. There are TWO GTL projects in process of final contract approval in Argentina with a 3rd (Bolivia?) in the works. Mr. Dunn's report sounds like confusion, but is referring to the final assay analysis of the Escala mine region before moving on the GOLD field analysis. This last Escala test is to give a necessary complete analysis for the whole Escala area of some 1200 hectares, of which onlly 2 tunnels are working as they move to expand to 13 tunnels. It will not hold up the Escala (only) valuation that meets minimum SEC rules. Mr. Petty's letter was due out this week and is being worked on as he flies back from Buenos Aires. Who knows if it will be this week or early next? Regardless, it will address a little of Texas oil rework, the GTL situation AND status of the progressing Escala 100 ton/day plant installation. There maybe some mention of precious metal sales from Escala as well. The other processing plant NOT on site Escala but IN Bolivia is being utilized/rented for some income. I just pass this on FYI as I received it from Mr. Steve Nichols FMNJ HQ.

sps