Rothschild - Franklin Mining - Form Alliance -
Charles Gregoire de Rothschild -
to Support Franklin's Requirement -
for $1.3 Billion Project Financing -
LAS VEGAS, NV, Mar 27, 2007
(MARKET WIRE via COMTEX) --
Est. 1864 -
Franklin Mining, Inc. -
(FMNJ) is pleased to announce having finalized -
an agreement with -
GDR Privee -
a New York City investment bank -
to act as financial consultant to the company -
and assist in securing project funding of $1.3 Billion -
for mining and energy agreements in Bolivia -
and a GTL contract in Argentina.
Charles Gregoire de Rothschild -
GDR Privee Principal -
and William A. Petty -
Franklin Mining's Consultant -
will work together in securing project funding -
from Mr. Rothschild's -
domestic and international -
banking relationships.
Jaime Melgarejo, Jr. -
Franklin President -
and Kenneth J. Bock -
GDR Chief Executive Officer -
will work together to design and implement
a financial strategy bringing Franklin -
to a positive cash-flow position -
as soon as possible.
"We realize that cash-flow is the basis -
of success for both existing -
and future projects.
With GDR's resources,
we feel that some of our projects
are now positioned to become fully operational
in the near term,"
Mr. Melgarejo said,
adding that he and all Franklin executives -
and directors are privileged -
to have formed this alliance.
"We look forward to GDR's advice -
and support as we begin fulfilling -
our mining and GTL agreements in Bolivia -
and GTL contract in Argentina -
and as we develop additional projects -
throughout South America."
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
franklinmining.com.
DISCLOSURES: "Safe Harbor" ----
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.
Contact:
A. Austin & Company
Investor Relations
1-702-386-5379
franklinmining.com
SOURCE:
Franklin Mining, Inc.
CONTACT:
franklinmining.com
rothschild.com
investorshub.com
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