LAS VEGAS, NV, Oct. 20 /PRNewswire-FirstCall/ - Franklin Mining, Inc. (Pink Sheets: FMNJ - News; FWB: FMJ) Chairman, William Petty and GDR Privee, Inc. Chairman, Charles Gregoire de Rothschild, have issued a joint statement in response to recent shareholder questions.

Franklin currently holds interest in two Bolivian mining sites. In September 2007, Franklin was awarded an Escala Mina I concession in a joint-venture with COMIBOL (the National Mining Company of Bolivia) and Cooperativa Minera INTI Ltda. An operating agreement with Bolivia's privately owned San Antonio de Turiri antimony mine was negotiated in March 2009. Both sites are currently under the operational control of Franklin Mining Bolivia.

Franklin Mining, Inc. has retained Mr. Charles Gregoire de Rothschild, Chairman, GDR Privee, Inc, to provide the guidance and assistance necessary to complete the design and structure of a capital acquisition plan sufficient to meet the needs and requirements of the Escala and Turiri operations.

Commenting to Franklin executives, Mr. de Rothschild said, "My colleagues in the International investment community and I are comfortable with each of the agreements Mr. Petty has negotiated on behalf of his company. We are comfortable with pursuing our investment plan for Franklin's mines in Bolivia knowing that Mr. Petty's vision of fairness and equity for his partners and workers led him to create the very unique three-party joint-venture with COMIBOL and Cooperativa INTI. Under Mr. Petty's leadership, Franklin has established secure relationships with all parties in Bolivia's mining industry, in both the government and private sectors of this mineral rich country."

Mr. Petty added, "I appreciate the confidence GDR Privee has shown for our accomplishments in Bolivia. It has been a long and difficult two years since I assumed the role of Chairman and CEO and I am now anxiously looking forward to a continued relationship with Mr. de Rothschild as we prepare to expand our operations."

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.

CONTACT: please visit our website (www.FranklinMining.com) or contact our Investor Relations Department, (210) 525-1267

SOURCE Franklin Mining, Inc.

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