LAS VEGAS, NV -- 11/18/08 --
Franklin Mining, Inc. (PINKSHEETS: FMNJ)
(FRANKFURT: FMJ) announces the reorganization of its business structure and
top management effective Tuesday, November 18, 2008, splitting its mining
and energy divisions and appointing Howard Dunn, PE to the position of
President, Franklin Oil & Gas Division. Mr. Paul Baker has been
appointed to direct Mining Operations in Bolivia.
"As President of our Oil & Gas Division, Mr. Dunn will be responsible for
the oversight, coordination and development of Franklin's GTL project in
Argentina. Mr. Fernando Infante, Franklin Mining Executive Vice-President
will work with Mr. Dunn on energy issues." Mr. Petty's remarks on
Franklin's top management realignment continued, "Howard and Fernando will
work directly with Dr. Isaac Rahmim, President, E-MetaVenture, Inc. as we
expand and strengthen our Oil & Gas Division."
"Mr. Paul Baker, a career mining executive with a thorough understanding of
the industry in South America, has assumed responsibility for on-site
management and coordination of all mining operations and logistics for our
joint-venture Escala I project in Bolivia." Mr. Petty added, "Paul has been
a mining consultant to Franklin since mid-2007 and I am pleased he has
agreed to be our on-site manager as Franklin moves forward with our capital
investment plan for the Escala."
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.
Contact
Investor Relations firm
A. S. Austin & Company
702-386-5379
