FMNJ Franklin Mining Inc (PK)

Franklin Mining, Inc. (PINKSHEETS: FMNJ) (FRANKFURT: FMJ) announces that its Board of Directors has resolved that the Company should immediately begin preparations to purchase its own Common Stock in the open market.

At a Board of Directors meeting held Tuesday, January 6, 2009, it was acknowledged that Franklin Mining shares have, for two calendar months, been under tremendous selling pressure. Despite positive accomplishments by the Company's Mining Division in 2008 and pending positive announcements by both the Mining and the Oil & Gas Divisions for 2009, shareholder decisions have resulted in record setting trading volumes at record low prices.

Franklin Mining's Directors and Managers are confident the Company will soon begin realizing the benefits of 2008's yearlong preparation and development of mining operations at Bolivia's Escala Mine Joint Venture and from multiple energy projects in Texas, Argentina and throughout South America.

Franklin's Directors are confident the Company is in a position to accumulate a sizeable portion of its shares at record low prices. In a Resolution dated January 6, 2009, the Board of Directors authorized that all necessary arrangements are to immediately be made for the Company's purchase of its own Common Stock in the open market.

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