Cotton & Western Mining Inc. (CWRN)

[Sunnybank]

At June 30, 2014, we had an accumulated deficit of $3,907,654 and we expect to incur additional losses in the foreseeable future. While we have funded our operations since inception through investor, private placement and related party loans and through collection of our accounts receivable, there can be no assurance that adequate financing will continue to be available to us and, if available, on terms that are favorable to us.