Cotton & Western Mining: $10 Million Hong Kong Credit Facility Renewed for 2009 Through IBC Strategic Limited

HOUSTON, TX, May 11 (MARKET WIRE) --
Cotton & Western Mining, Inc. (PINKSHEETS: CWRN) announced today that the
company's Hong Kong credit facility has been renewed for 2009. The credit
facility was arranged by IBC Strategic Limited, a Hong Kong company
specializing in finance procurement for Chinese projects. The credit
facility was backed by Standby Letters of Credit, which were issued by a
substantial Hong Kong buyer of iron ore products.

Current FOB annual contract pricing is $45.00 per each Dry Metric Ton
(DMT) shipped while one-off Spot Sales are nearing $68.00 CIF in main
China ports. Cotton & Western is expected to open production at 52,000
DMT per month, which will be shipped from the Pacific Ocean Port of
Ensenada, Baja California, Mexico.

The company has reopened negotiations involving both the purchase of iron
ore materials on annual contract pricing, packaged with financing
incentives for the exclusivity of the company's Baja iron ore production.
The Buyer will issue a $10,000,000.00 Standby Letter of Credit in favor of
CWRN which would allow the company to open iron ore production in Baja
California, Mexico.

Cotton & Western Mining recently projected revenues in excess of $126
Million based on an agreed base price of $45.00 FOB Mexico, per each dry
metric ton sold on a guaranteed 64.5% Fe (iron content) with bonus payment
of $0.6976 for each 1% Fe content above the minimum contract
specifications. The average Fe content as tested in 2008 for Baja NO. 14
is 67% Fe content.

About Cotton & Western Mining, Inc.

Cotton & Western Mining, Inc. (PINKSHEETS: CWRN) was founded in early 2005
as a Nevada Corporation by Robert L. Cotton, with a specific plan and goal
in mind; that being, to operate a low cost and high profit junior "Iron
Mineral Mining" company. Cotton & Western Mining's mission is to offer
reliable, high-quality and cost effective raw materials to the steel
manufacturing industry on a global scale. The current pricing situation is
at an all time high, with strong demand for raw materials coming from the
People's Republic of China and it is expected to remain strong for several
years ahead. For more information, please visit the company's website at
www.cottonwestern.com.

Safe Harbor: Statements regarding financial matters in this press release
other than historical facts are "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, Section 21E of the
Securities Exchange Act of 1934, and as that term is defined in the
Private Securities Litigation Reform Act of 1995. The Company intends
that such statements about the Company's future expectations, including
future revenues and earnings, technology efficacy and all other
forward-looking statements be subject to the Safe Harbors created
thereby. The Company is a development stage firm that continues to be
dependent upon outside capital to sustain its existence. Since these
statements (future operational results and sales) involve risks and
uncertainties and are subject to change at any time, the Company's actual
results may differ materially from expected results.

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