SOURCE: Cotton & Western Mining, Inc.

February 22, 2008 09:45 ET

Cotton & Western Mining, Inc. -- CWRM Nominees Apply for Iron Mineral Rights in Baja California, Mexico, for the Baja Pacific No. 8 Mining Lot

HOUSTON, TX--(Marketwire - February 22, 2008) - Cotton & Western Mining, Inc. (PINKSHEETS: CWRM) announced today that it has completed its initial limited geological investigation of the designated Baja Pacific No. 8 Mining Lot for iron and copper mineral deposits in the northwest of Baja California, Mexico and has applied for the mineral rights to the designated Baja Pacific mining lot number 8, via nominees (Mexican Nationals); the mineral rights will be assigned to one of the company's Mexican subsidiaries upon execution of the financial support agreement with a selected partner to be named within the next few weeks. This deposit is a magnetite and mixed magnetite-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. 3D color computer aided mapping of the 16 sensor magnetometer survey and diamond bit core drilling and mine development planning are scheduled to begin within 20 days. This vertical iron mineral seam is unique in that it runs in a prefect straight line for 3,000 meters; pictures taken of outcrops from inside the seam may be viewed at the company's website photo gallery Baja Pacific No. 8; www.cottonwestern.com

CWRM has a backlog of inquires for off-take agreements for the export of iron minerals primarily from Chinese, Japanese and Korean Steel Mills.

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.

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
    www.cottonwestern.com
    +1(281)820-7815