Franklin Mining, Inc. (FMNJ)

[vozmil]

press release

http://www.marketwatch.com/News/Story/Story.aspx?guid={5AC27697-23CF-4189-8A5F-3AC826BD6806}&siteid=nbsh

June 17, 2010, 11:17 a.m. EDT · Recommend · Post:
Franklin Seeks to Expand Scope of Escala Joint-Venture

LAS VEGAS, NV, Jun 17, 2010 (MARKETWIRE via COMTEX) -- Franklin Mining, Inc. (PINKSHEETS: FMNJ) (FRANKFURT: FMJ) Chairman, CEO and President William Petty is pleased to announce that he has met with Jose Antonio Pimentel Castillo, Bolivia's Minister of Minerals and Mines to discuss expanding Franklin's Escala Mina I concession and joint-venture.

Following the meeting, Franklin submitted a formal proposal to expand Franklin's current joint-venture at the Escala.

Last month's meetings in La Paz, Bolivia followed completion of a technical audit of Franklin's joint-venture to develop mining operations at Escala Mina I. Prepared by Dr. Michael Biste, the audit recommended expansion of the current Franklin - COMIBOL - Cooperativa Minera LTDA joint-venture to include the remaining two areas of Escala, Mina II and III.

About the Escala: A 2,000 hectare compound owned by COMIBOL, the Escala is located in the Sud Lipez Province near Bolivia's border with Argentina. Established during the Spanish colonial period, the Escala has, intermittently, been mined for lead, zinc, gold and silver.

About Dr. Michael Biste: A respected geologist with 30+ years' mining experience including nine years as a consultant to several of South America's largest and best-known underground, open pit and alluvial operations. Additional information is available at www.michaelbiste.com .

About Franklin Mining, Inc: Franklin Mining, Inc. has mining interests in the United States and Bolivia; additional information is available at http://www.franklinmining.com/ .