FMNJ Franklin Mining Inc (PK)

Franklin Mining, Inc. (OTC Pink Sheets:FMNJ) CEO, Jaime Melgarejo, has signed of a letter of intent for a Joint Venture with Bolivia's state owned mining company, COMIBOL, and a local cooperative. When fully operational, the Joint Venture could substantially increase silver mining productivity of the Cerro Rico Silver Mine in Potosi, Bolivia. "The history of Cerro Rico can be traced to the 1570's when mining operations first began. Then in the 1670's when Spain operated a coin mint just for Cerro Rico's silver," Mr. Melgarejo explained. "Today, Franklin Mining is pleased to have been chosen to share in this historical mine's modern-day history." Cerro Rico is generally considered to be one of the largest silver mines in the world and Potosi has been designated a World Heritage Site by UNESCO. Mr. Melgarejo concluded by reinforcing, on behalf of all Franklin Mining executives and shareholders, the pride his company takes in being a part of Cerro Rico's return to full operating capacity. "Cerro Rico is historical. It is a major part of the country of Bolivia, the city of Potosi and the many thousands of families that depend on this industry." DISCLOSURES: Franklin Mining, Inc. is an Exploration Stage Company that currently has interests in Bolivia and Colombia. A Franklin Mining wholly owned subsidiary has operated a gold mine in Bolivia since 2004. Franklin Mining, Inc. also operates an Oil & Gas Division in Bolivia. Additional information on company operations is found at our website http://franklinmining.com. Bolivia's newly inaugurated President Evo Morales has begun implementing campaign promises designed to address political and economic issues causing much of the country's civil unrest in recent years. Bolivia is believed to have the second largest gas reserves in South America and possibly the largest silver mine in South America - the Cerro Rico Mine, Potosi. President Morales and his new administration appear committed to the development of both industries. "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.