LAS VEGAS, NV -- (MARKET WIRE) -- 03/15/07 -- Franklin Mining, Inc. (PINKSHEETS: FMNJ) has
announced three key executive appointments.
"As we move into this next phase of our growth, three executives are
bringing to Franklin Mining, Inc. the skills and knowledge plus the
practical experience needed to lead us in the dual industries of mining and
energy. Franklin has built a strong foundation of partnerships and
strategic alliances and has addressed significant needs and opportunities
in both Bolivia and Argentina. And now we are moving forward, toward
fulfillment of our goals and objectives," said Jaime Melgarejo, Jr. in
announcing three executive appointments.
Dr. Jaime Arancibia Davila has accepted the position of General Manager and
Legal Representative, Franklin Mining, Bolivia S.A. Dr. Arancibia, a
seasoned executive with twenty years' experience in Bolivia's mining and
hydrocarbons industries, is personally supervising the relocation and
erection of the Pulacayo pilot plant. An attorney and former Legal Director
of YPFB, Dr. Arancibia is uniquely qualified to lead Franklin Mining,
Bolivia S.A. in launching the Pulacayo tailings processing and Cerro Rico
mining operations.
Dr. David Roy Rivas Murillo has been appointed to the position of Senior
Financial Analyst, with responsibility for building project funding
analysis and use of funds statements on each of Franklin's mining and
energy projects in South America. Dr. Rivas, a published author,
earned both an M.S. and a Ph.D. from Massachusetts Institute of
Technology's Department of Aeronautics and Astronautics. Following seven
years' experience in the U.S. finance and securities industries, Dr. Rivas
was appointed Professor of Financial Engineering, Universidad Autonoma
Gabriel Rene Moreno, Santa Cruz, Bolivia.
Carlos Sanchez Chavarria, a career petroleum engineer, has been appointed
Petroleum Engineer for Franklin Oil & Gas, Bolivia S.A. and Franklin Oil &
Gas, Argentina S.A. Mr. Sanchez' career in Bolivia's hydrocarbons industry
has been in both operations and facility design including a four-year
appointment as Director of Projects and Production Management for YPFB,
Bolivia's national petroleum company.
About Franklin Mining, Inc: Franklin Mining, Inc. has mining and
exploration interests in the United States, Argentina and Bolivia; Franklin
Mining, Bolivia S.A. is a wholly owned subsidiary. Franklin Mining, Inc.
holds 51% ownership in both Franklin Oil & Gas, Bolivia S.A. and Franklin
Oil & Gas, Argentina S.A. Additional company 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. Austin & Company,
1-702-386-5379.
Investor Relations
A. Austin & Company
1-702-386-5379
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