Franklin Mining Announces Zinc Find at Escala Generates Worldwide Interest

LAS VEGAS, NV–(EMWNews – August 20, 2008) – Franklin Mining, Inc. (PINKSHEETS: FMNJ)

(FRANKFURT: FMJ) Chairman and CEO William Petty confirms he has received

numerous inquiries concerning recently announced zinc content of Bolivia’s

Escala Mine. Mr. Petty also confirms that Franklin’s Vice President of

Operations for International Mining, Howard Dunn, P.E., is returning to

Bolivia earlier than planned to supervise final testing and preparation for

upcoming site visits by potential purchasers of zinc and other minerals.

As previously announced, a preliminary report following laboratory analysis

of the Escala’s third tier of samples is expected from SGS Lakefield

Research Limited within the next few weeks. Further information on the

Escala Mine, including initial assay reports, is available at

www.FranklinMining.com.

The Escala Mine was established during the Spanish colonial period and has

been mined for lead, zinc, gold and silver. In 2007, Franklin Mining,

Bolivia (a wholly owned subsidiary of Franklin Mining, Inc.) negotiated an

agreement with the National Mining Company of Bolivia (COMIBOL) to resume

mining operations within the area of the original concession.

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.