Franklin Sells Oil and Gas Division

Franklin Mining has completed the sale of its oil and gas assets to Energy Management International, Inc.

CEO William Petty stated, "My Board and I determined last year and announced our decision in May 2009, that it would be in the long-range best interest of our shareholders to sell the company's US and Latin American energy assets in order to focus full-time on developing our Escala Mina I joint-venture and San Antonio de Turiri operating agreement."