CWRN: Buyers for Baja Iron Ore Set Site Visit for June 30

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Wed Jun 24, 2009 9:45am EDT

  HOUSTON, TX, Jun 24 (MARKET WIRE) -- 
Cotton & Western Mining, Inc. (PINKSHEETS: CWRN) announced today that its
Asian iron ore buyers together with Investors will meet with management
and geologist at the Baja Iron Ore Mining Project site on June 30, 2009
for a first hand look at the magnetite rich iron deposits and the
shipping facilities at the Pacific Ocean Port of Ensenada, Baja
California. Management is hopeful that all the terms and conditions (as
stated the company's June 10, 2009 news release) can be agreed upon by
the first week of July with contract execution tentatively set for mid
July 2009. Market conditions as witnessed by the China Seaborne Trade
increase are a good indicator that near term and long term supply and
demand for quality raw steel making materials will improve. Setbacks on
opening the Baja Mining Project have primarily been contributed to the
down-turn in the world economy; however, optimism remains high that
conditions have improved enough to go forward with the project in 2009.

    Current FOB annual contract pricing is $45.00 per each Dry Metric Ton
(DMT) shipped while one-off Spot Sales now at $76.50 CIF in main China
ports on base Fe content of 62%. 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.

    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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