SOURCE: Cotton & Western Mining, Inc.

February 14, 2007 09:45 ET

Cotton & Western Mining, Inc. China's Daye Steel Eyes Mindoro Island Magnetite

RICHMOND, TX -- (MARKET WIRE) -- February 14, 2007 -- Cotton & Western Mining, Inc. (PINKSHEETS: CWRN) Robert L. Cotton, President & C.E.O. confirmed today that management representatives from Daye Steel, the People's Republic of China, will arrive in the United States before the end of February to finalize negotiations and contract terms and conditions with CWRN for the off-take of up to three million and six-hundred thousand (3,600,000) dry metric tons (DMT) of its Mindoro Island, The Philippines, Nagsabongan Iron Ore Fines; over a thirty-six (36) month period of time. CWRN will load and ship twenty-five (25) thousand DMTs of Magnetite Iron Ore Fines per week from the Wawa Port on the Verde Island Passage until such time that higher capacity loading facilities can be put into place. The Iron Ore Products will be sold as Free On Board (FOB) Port of Wawa at an estimated contract value of one hundred seventy-two million and eight hundred thousand dollars ($172,800,000.00). CWRN has set its guaranteed minimum iron mineral (Fe) content at 65% raw crude iron ore. The magnetite rich Nagsabongan Iron Deposit's average Fe content has been assayed at 67% Fe from the core drilling program that was completed in October of 2006. CWRN holds approximately one hundred and fifty million metric tons (150,000,000mt) of iron ore deposits on Mindoro Island, the Philippines, which include an estimated twenty-eight million metric tons (28,000,000mt) of high grade magnetite in the two (2) Nagsabongan Iron Deposits. The contract team from CWRN will be comprised of Robert L. Cotton, President & C.E.O together with Ms. Sharon Vazquez, Vice President, International Business and Mrs. Jinglan Cai Brinzer, B.E. of CAI Mineral Group, LLC. A meeting is tentatively set with the Daye Steel team in Las Vegas, Nevada around the 25th of February, 2007.

CWRN is eager to begin its Mindoro Island Project and hopes that the Project Financing can be completed by the end of February. The management of CWRN is mindful of its shareholders and will diligently negotiate terms and conditions that it deems the most advantageous to the company and its shareholders interest.

CWRN has stated in an earlier news release that its Mindoro Island magnetite iron ore deposits are valued at near $6,000,000,000.00 at the current FOB market price.

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About Cotton & Western Mining, Inc.:

Cotton & Western Mining, Inc. (PINKSHEETS: CWRN) is a U.S. corporation structured to produce and sell iron ore on a global scale. Currently, the Company is engaged in mining activities to provide the Asia Pacific Steel Manufacturing Sector with high grade raw crude iron ore products.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, the forward-looking matters discussed in this news release are subject to certain risks and uncertainties which could cause the Company's actual results and financial condition to differ materially from those anticipated by the forward-looking statements including, but not limited to, the Company's liquidity and the ability to obtain financing, the timing of regulatory approvals, uncertainties related to corporate partners or third-parties, product liability, the dependence on third parties for manufacturing and marketing, patent risk, copyright risk, competition, and the early stage of products being marketed or under development, as well as other risks indicated from time to time in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.

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