LAS VEGAS, NV--(MARKET WIRE)--Nov 6, 2008 -- Franklin Mining, Inc. (Other OTC:FMNJ.PK - News) (Frankfurt:FMJ.F - News) Speaking by telephone from Santa Cruz, Bolivia on Wednesday, November 5, 2008. Chairman and CEO William Petty briefed his Board of Directors and senior managers on recent progress made at Franklin's Bolivian joint-venture mining project.

During the past 90 days, the Escala Mine's engineering team has completed more that 200 meters of crosscut and development tunneling revealing 25 commercially viable veins. Vertical attitudes of these newly discovered veins appear to be between 1.5 and 2.0 meters in width with approximate 2 kilometer horizontal extensions indicated by GPS measurement.

Typical reserve calculations for mineralization of a 2 meter width, 30 meter depth and 1.5 kilometer extension would be in the range of 90,000 cubic meters. Franklin's newly discovered 25 veins could yield about 9 million tons in situ reserves at the current 30 meter estimated depth. Historical indications are that the mine's mineralization could extend to a depth of 210 meters or greater, yielding 21 million tons of mineable material.

Dr. Jaime Arrencibia, the Escala Project's General Manager, Javier Leyton, Mine Engineer and Manuel Flores, Geologist, have initiated a plan for expanding tunneling and crosscut operations to produce sufficient mining faces capable of yielding 100 tons per day of commercially viable mining material.

Preliminary evaluations of these most recently discovered veins increases the life expectancy of the Escala Mine to 42,000 days at a 500 ton per day mining rate.

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 Oil & Gas, Inc. and Franklin Mining, Bolivia are wholly owned subsidiaries. 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.

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     702-386-5379