> Franklin, GDR Privee Clarify Relationship
> Last update: 10/20/2009 8:44:00 AM
> LAS VEGAS, NV, Oct 20, 2009 /PRNewswire-FirstCall via COMTEX/ --
> 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 .
> 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 () or contact our Investor Relations
> Department, (210) 525-1267
> SOURCE Franklin Mining, Inc.
> Copyright (C) 2009 PR Newswire. All rights reserved

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