FMNJ .0001 news:
Franklin Completes Sale of Its Oil & Gas Division
LAS VEGAS, NV, Jan 22, 2010 (MARKETWIRE via COMTEX) -- Franklin Mining, Inc. (PINKSHEETS: FMNJ) (FRANKFURT: FMJ) Chairman and CEO, William Petty, is pleased to announce that the company has completed the sale of its oil and gas assets to Energy Management International, Inc.
In making today's announcement, Mr. Petty stated, "My Board and I determined last year and announced our decision in May 2009, that it would be in the long-range best interest of our shareholders to sell the company's US and Latin American energy assets in order to focus full-time on developing our Escala Mina I joint-venture and San Antonio de Turiri operating agreement."
Complete details of the sale will be announced in the coming weeks.
About Franklin Mining, Inc: Franklin Mining, Inc. has mining interests in the United States and Bolivia. 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, 210-204-5068
Contact
A S Austin Company
Investor Relations firm
210-204-5068
SOURCE: Franklin Mining, Inc.
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