SOURCE: Cotton & Western Mining, Inc.

December 20, 2007 09:45 ET

Cotton & Western Mining, Inc. -- CWRM Acquires Iron Mineral Rights for Baja California, Mexico, Baja Pacific No. 5 Mining Lot

HOUSTON, TX--(Marketwire - December 20, 2007) - Cotton & Western Mining, Inc. (PINKSHEETS: CWRM) announced today that it has acquired the rights to designated Baja Pacific mining lot number 5, a mixed magnetite and hematite iron mineral deposit. Outcrop chemical analysis has revealed the iron minerals to be of commercial grade suitable for concentrated fines in sizes 0.15 through 10 millimeters. Diamond bit core drilling and mine development planning are scheduled to begin in late January 2008.

Photographs of the new mineral rights concessions can be viewed at the company's website: under Photo Gallery. The surface of the mineral deposits contain many visual magnetite and hematite outcrops that are easily distinguished in the pictures. A magnet is shown clearly attached to many of the outcrops verifying that the minerals are iron magnetite.

Related Business:

Agusan Petroleum & Mining Corp., Manila, is progressing on the development of the Nagsabongan Iron Mineral Deposit on Mindoro Island with expectations of the project coming on line sometime in 2008. Cotton & Western Mining, Inc. is the Technical and Marketing Directors for the project

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.

Contact Information

  • Contact:
    Cotton & Western Mining, Inc.
    363 North Sam Houston Parkway East
    Suite 1100
    Houston, Texas 77060 USA