CWRN: Buyer's Government Approval for Baja Iron Ore Import Expected

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Tue Jul 7, 2009 9:45am EDT

  HOUSTON, TX, Jul 07 (MARKET WIRE) -- 
Cotton & Western Mining, Inc. (PINKSHEETS: CWRN) stated today that its
Asian iron ore buyers and Investors have agreed in principal with the
contract terms and conditions and have applied to the Chinese government
for import permits under new government guidelines established in 2009.
Company management is expecting that all permits needed by the buyers
will be approved before the end of July 2009. Setbacks on opening the
Baja Mining Project have primarily been contributed to the down-turn in
the world economy; however, optimism remains high that the project will
move forward 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. 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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