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"Planning is still in an early stage, but I am pleased and excited that progress made at our Escala and Turiri projects has attracted the interest of a major international investor," said Mr. Petty. "Meetings between our two companies over the past several weeks and a series of teleconferences earlier this week resulted in advancing the date for our potential financial backers to visit Franklin's Santa Cruz and La Paz offices as well as tour work sites."
In confirming today's announcement, Mr. Petty would add only that additional details concerning this potential financial investment in Franklin's two Bolivian mining projects would not be made available for several 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.
About The Escala Mine: A 2,000 hectare compound owned by COMIBOL, the Escala Mine is located in the Sud Lipez Province near Bolivia's border with Argentina. Escala was established during the Spanish colonial period and has, intermittently, been mined for lead, zinc, gold and silver. In September 2007, Franklin Mining, Bolivia was awarded a joint-venture agreement to resume mining operations.
About The Turiri Mine: In March 2009, Franklin Mining, Bolivia entered into an operating agreement with the privately owned San Antonio de Turiri located in Bolivia's primary antimony belt.
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 Department, 210-525-1267.
Franklin Mining, Inc. Investor Relations Department 210-525-1267 www.FranklinMining.com
SOURCE: Franklin Mining, Inc.
http://www.FranklinMining.com
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