CWRN Cotton and Western Mining Inc (GM)

Cotton & Western Mining, Inc. (PINKSHEETS: CWRN) -- The company announced today that it has set 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. CWRN fully expects to conclude the project financing package with a Chinese Steel Mill within this year. China Seaborne Trade continues to improve; however, the market remains cautious as reports on economic indicators raise expectations that the world economy is starting to recover. Robert L. Cotton, President of Cotton & Western Mining, Inc. said today, "We have been contacted by several international business news reporters regarding our annual fixed price for 2009 being set prior to the Big 3's completion of year 2009 price negotiations with China." CWRN has set its 2009 annual fixed price based on supplying quality crude iron ore to an independent steel mill that has a need for high grade iron ore. The 2009 price represents approximately a 40% reduction in price from the 2008 FOB, Mexico prices. CWRN production will be a small operation and its production will only be a fraction of the annual China Seaborne Trade. The 2009 prices are inline with years 2004/2005 and the operating cost in Mexico is approximately 2% higher than those previous years.

The following is a snapshot of CWRN projected profit and loss for 2,808,000 metric tons

Per Dry Metric Ton FOB Mexico                    $45.00
Dry Metric Tons Sold                          2,808,000
Total Revenues                          $126,360,000.00
Total Operating Cost                     $35,829,210.00
Total Non-operating Cost                 $24,168,904.00
Total Operating & Non-operating Cost     $59,998,114.00

Pre-taxation Operating Income            $66,361,886.00

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: Cotton & Western Mining, Inc. 363 North Sam Houston Parkway East Suite 1100 Houston, Texas 77060 USA www.cottonwestern.com +1(281)820-7815