SOURCE: Cotton & Western Mining, Inc.

January 09, 2007 09:45 ET

Cotton & Western Mining, Inc. Sets Year 2007 Metric Ton Pricing

RICHMOND, TX -- (MARKET WIRE) -- January 9, 2007 -- Cotton & Western Mining, Inc. (PINKSHEETS: CWRN) Robert L. Cotton, president & C.E.O., announced today that a consensus agreement between the company and its potential buyers for raw crude iron ore was reached for year 2007; per Dry Metric Ton (DMT) pricing for FOB sales the Port of Wawa, the Philippines at US$46.00 per DMT and US$42.00 per DMT shipped from the Pacific Ocean Port of Manzanillo, Mexico. The Company has deferred executing a formal buy and sale agreement until mid-February 2007. It is projected that 2007 production sales will be 600,000mt from the Nagsabongan mine, Mindoro Island, the Philippines and 800,000mt from the Rio Fox mine, Mexico. Mining operations at the Rio Fox will be under a third party joint venture agreement. In a recently published report, Merrill Lynch analyst predicted a 22% increase in Chinese steel production to 425 million metric tons year ending 2006 and continuing to increase into year 2010. Current iron ore delivered pricing on spot sales is US$76.00 per DMT. The Company is well positioned with its Mindoro Island property to substantially benefit from lower shipping cost than materials being imported from Mexico and South America. The Chinese Seaborne Trade is annually over 250 million metric tons, making China the world's largest importer of raw steel making iron ores.

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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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