LAS VEGAS, Oct. 18, 2011 /PRNewswire/ -- FRANKLIN MINING,
INC. (Pink Sheets: FMNJ) is pleased to announce that due to an
ongoing successful Joint Venture Alliance, the Company has elected
to appoint Bolser Ltda. Bolivia to
oversee the operations at the mining properties being conducted
within the Bolivian territory.
The Company entered into a Joint Venture agreement with Bolser
Ltda. two years ago, during which period Bolser has become familiar
with the anticipated goals and day to day operations of the
Company. Franklin Mining's management has developed great
confidence in the belief that Bolser's experience and track record
in the territory will serve as a key benefit to the future success
and implementation of an increasingly productive and streamlined
operation.
"This is a great milestone in our development in this territory.
Having Bolser's steady support in directing the operations of our
properties, we are confident that the resulting outcome will have a
positive impact on the bottom line of the Company and its
shareholder value," stated Mr. William
Petty, CEO and President of Franklin Mining, Inc.
About Bolser Ltda. Bolivia: Bolser Ltda. is a 99%
subsidiary of Bolser PLC. Bolser Ltda. has 34 years experience in
the construction and maintenance of pipelines, roads, bridges, oil
and gas processing plants, oil and gas production facilities and
petroleum storage infrastructure. The company has a thorough
understanding of the logistical difficulties particular to the
region and is focused on being the leader in the oil and gas
infrastructure business in the Southern Cone, particularly in
Bolivia, and expanding to growing
markets such as Brazil and
Peru. More information on Bolser
Ltda. at http://www.bolserltd.com
About Franklin Mining, Inc. – Franklin Mining, Inc. is a
publically traded international exploration and mining company,
headquartered in Las Vegas,
Nevada, with offices in Santa
Cruz, Bolivia. The Company adheres to the highest
standards of quality and efficiency by optimizing the Company's
resources through a system which places the preservation of the
environment among the Company's top objectives. Franklin
Mining, Inc. endeavors to find value in fields in which the
projects can be explored and exploited while contributing to the
socio-economic and cultural development of its society. The Company
has developed model mining operations through safe, cost effective
and innovative technologies. Franklin Mining Inc. has purposed to
uphold a great social commitment and respect for the environment
while creating a robust value for its shareholders, employees, and
the region within which it operates. Additional information can be
found at the Company's corporate website:
www.FranklinMining.com.
Safe Harbor Act: This release may contain
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E the
Securities Exchange Act of 1934, as amended and such
forward-looking statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
"Forward-looking statements" describe future expectations, plans,
results, or strategies and are generally preceded by words such as
"may," "future," "plan" or "planned," "will" or "should,"
"expected," "anticipates," "draft," "eventually" or "projected."
You are cautioned that such statements are subject to a multitude
of risks and uncertainties that could cause future circumstances,
events, or results to differ materially from those projected in the
forward-looking statements, including the risks that actual results
may differ materially from those projected in the forward-looking
statements as a result of various factors, and other risks
identified in a company's annual report.
For more information visit our website at
www.FranklinMining.com or contact
Investor Relations: Gibraltan Financial (407)830-9777
SOURCE Franklin Mining, Inc.
