Franklin Mining, Inc. Reestablishes Energy Division Franklin Oil and Gas Seeking to Develop Major South American Projects

PR Newswire

LAS VEGAS, June 5, 2013

LAS VEGAS, June 5, 2013 /PRNewswire/ -- FRANKLIN MINING, INC. (OTC PINK: FMNJ) today announced that all parties have reached an agreement returning Franklin Oil and Gas, to Franklin Mining, Inc.

Renamed and operating as the company's Energy Division, Franklin Oil and Gas will explore new energy-based opportunities throughout South America on behalf of major international oil and gas production companies.

"This agreement enables us to fully expand the presence of Franklin Mining throughout South America," said William Petty, Chairman, CEO of Franklin Mining, Inc. "Our Energy Division will provide the opportunity to become involved in multiple industries and markets other than minerals and metals in an area of the world destined for rapid development and growth in the coming years."

Terms of the agreement were not disclosed. The company said it does not anticipate this acquisition will have a material impact on 2013 financial results.