SOURCE: Cotton & Western Mining, Inc.

June 10, 2009 09:45 ET

CWRN: London Investor Given Serious Consideration for Baja Iron Project

HOUSTON, TX--(Marketwire - June 10, 2009) - Cotton & Western Mining, Inc. (PINKSHEETS: CWRN) announced today that the company's Hong Kong credit facility through IBC Strategic is still in place; however, Robert L. Cotton, President & C.E.O., stated that, "Chinese investors are sitting on the fence waiting and watching the market. It is imperative that the company opens production this year in Baja, so we have opened negotiations with a London Group who has a strong interest in financing the Baja Iron Mining Project. Initial terms and conditions of a Debt & Equity Loan have been presented to CWRN, with the main reference points being a percentage of ownership in our Mexican subsidiary, Pan American Minerals Ventures, S.A. de C.V., together with a yet to be determined affiliate block of CWRN common shares." The company is authorized 6,000,000,000 common shares and two affiliates, Pan American Mineral Ventures, LLC, (Nevada) and Emily Cotton of Houston hold just over 5,000,000,000 restricted shares with the free trading share count currently standing near 300,000,000 shares. The Board of Directors will meet on June 20, 2009 to review and discuss the London Investor's options for the financing of the Baja Iron Mining Project.

Current FOB annual contract pricing is $45.00 per each Dry Metric Ton (DMT) shipped while one-off Spot Sales are nearing $68.00 CIF in main China ports. 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. The current pricing situation is at an all time high, with strong demand for raw materials coming from the People's Republic of China and it is expected to remain strong for several years ahead. For more information, please visit the company's website at

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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