Franklin Mining, Inc. Begins Review of Mining and Oil & Gas Projects for 2009

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LAS VEGAS, NV--(MARKET WIRE)--Jan 6, 2009 -- Franklin Mining, Inc. (Other OTC:FMNJ.PK - News) (FWB: FMJ) executives and consultants from the US and South America are this week meeting with William Petty, Chairman, CEO & President and Franklin's Board of Directors as they begin a review of all properties and pending projects in both the Mining and Oil & Gas divisions of the company.

Franklin's oil and gas projects in Argentina remain under negotiation pending approval by government agencies. A recommendation of approval for a final report on the economic development of a designated natural gas allocation will be presented to Franklin's Board this week by Fernando Infante, Franklin Mining Executive Vice-President and Howard Dunn, President of Franklin's Oil & Gas Division. With Board approval, an international business consulting and accounting firm will prepare their review and assessment of planned gas-to-liquid processing plants.

Paul Baker, International Mining Consultant, La Paz, Bolivia, will meet with the Franklin Board for a discussion and review of his December 2008 Summary Evaluation of the Escala Mine joint-venture. As previously announced, Mr. Baker's assessment is that the Escala's 2008 pre-production development has resulted in three excellent cross cut haulage tunnels having been driven to intersect east/west vein structures.

Extensions of all three tunnels (Anita, Erika and Patty) will resume this week with a major focus on the Anita as this tunnel will intersect the prolific Aguilar vein. The Aguilar vein has been worked extensively in the past; a 30-meter deep extraction shaft directly down the vein allowed a large tonnage of ore to be mined, removed and processed. When the Anita extension is complete in late-January, the existing shaft will serve to provide ventilation.

An estimated 1,000 tons of ore has been mined and removed during the current tunnel extension operations and is available to be processed. Previous sampling has shown 3.0% Zinc, 2.5% Lead and 300 grams Silver.

About Franklin Mining, Inc: Franklin Mining, Inc. has mining and energy interests in the United States and Bolivia as well as energy interests in Argentina. Franklin Mining, Bolivia is a wholly owned subsidiary. Franklin Mining, Inc. holds 51% ownership in both Franklin Oil & Gas, Bolivia S.A. and Franklin Oil & Gas International S.A. 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, 702-386-5379.

     Investor Relations firm
     A. S. Austin & Company
     702-386-5379