LAS VEGAS, April23,2013 /PRNewswire/ --FRANKLIN MINING, INC.(Pink Sheets:FMNJOTC:BB- News) -CEO William Pettyhas today announced a management reorganization designed to alignCompany Executives,Staff,and Operating Units,withcoreminerals and metalsmarket sectorsfor each of its areas of operation.
In discussing the reorganization, Mr. Petty confirms thatMustafa Dar has been removed as President. Mr. Dar joinedthe Company in October 2011 and servedas President during a critical period of Franklin's corporate restructuring.With the recently completed infrastructure improvements at the Company's primary mining operations in the Republic of Bolivia, today was theappropriate opportunity for Franklin toannounce itssearch for an experienced mining executive to serve as President. In addition to his role as Chairman and CEO, Mr. Petty will serve as President until the search is complete.
In order to focus on all mining operations in the Republic ofBolivia, Mr. Beltran has been reassigned tothe position of Controller, Franklin Mining, Bolivia. Mr. Beltran had previously served as Chief Financial Officer, Franklin Mining, Inc.
In confirming today'sannouncements, Mr. Petty expressed his appreciationto both Mr. Dar and Mr. Beltran for their service to the Company and assistance to him, personally, as Franklin has during the past two years achieved several key goals.
About Franklin Mining, Inc.-Franklin Mining, Inc.is a publicly traded international explorationand mining company, headquartered in Las Vegas, Nevada, with offices in Santa Cruz, Bolivia.The Companyadheresto the highest standards of quality and efficiencyby optimizing the Company's resources through asystem which places the preservation of the environment among the Company's top objectives.Franklin Mining, Inc.endeavorsto find value in fields in which the projects can beexplored and exploitedwhilecontributing to the socio-economicand cultural development ofitssociety.The Companyhas developed modelmining operations through safe, cost effective and innovative technologies. Franklin Mining Inc.has purposed to uphold a great social commitment and respect for the environment while creating a robust value for its shareholders, employees, andthe region within which it operates. Additional informationcan be found at the Company's corporate website: www.FranklinMining.com.
Safe Harbor Act:This release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report.
For additionalinformation visit our website atwww.FranklinMining.com
or contact Investor Relations:(858)537-7439,fmnj@asaustinco.com
SOURCE Franklin Mining, Inc.
