LAS VEGAS, NV–(MARKET WIRE)–Mar 15, 2006 — Franklin Mining, Inc. (OTC: FMNJ.PK), “COMIBOL (a mining corporation owned by the government of Bolivia), a federation of workers’ cooperatives and Franklin Mining, Inc., continue to work toward finalizing a joint venture,” reported Jaime Melgarejo, CEO of Franklin Mining.
Franklin Mining will provide mining expertise and capital to the Joint Venture, COMIBOL will provide access to the Cerro Rico Mine and a federation of cooperatives in Potosi, a province capital in Bolivia, will provide as many as 10,000 workers to the long-term project. In making today’s announcement, Jaime Melgarejo, Franklin Mining CEO emphasized that, “COMIBOL’s expected higher revenues and Franklin’s increased cash flow are only two of the three results expected from this Joint Venture. Increased earnings and improved working conditions for the cooperative’s miners should enhance all of Potosi’s economy and benefit the entire community of more than 115,000 people.”
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.
Additional information on company operations is found at our website http://franklinmining.com.
Contact:
Franklin Mining, Inc.
Andrew Austin
832-248-6211
info@franklinmining.com
Source: Franklin Mining, Inc.
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