Exhibit 10.21


                              TREND MINING COMPANY
                       401 Front Ave., Suite 1, 2nd Floor
                             Coeur d'Alene, ID 83814
              Telephone: (208) 664-8095 o Facsimile (208) 667-9616



                     SALE OF LAKE OWEN OPTION AGREEMENT AND
                               EXERCISE OF OPTION

         THIS SALE OF THE LAKE OWEN OPTION AGREEMENT AND EXERCISE OF OPTION (the
"Agreement") is made and entered into this 15th day of March, 2002, (the
"Effective Date") by and between Trend Mining Company, a Delaware corporation
("Trend"), and Ron Nash, an individual ("Nash").

                                    RECITALS

         Reference is made to the Lake Owen Option Agreement ("Option
Agreement"), effective as of July 27, 1999, between General Minerals
Corporation, a Delaware corporation ("General Minerals") and Trend which created
the option for Trend to earn a 100% interest in the Lake Owen Project (the
"Option"); to an Amendment to the Lake Owen Option Agreement (the "Lake Owen
Amendment") effective as of June 12, 2000, between General Minerals and Trend;
and to the Lake Owen Transfer Agreement ("Lake Owen Transfer") effective as of
February 11, 2002 between General Minerals, Trend and Nash and pursuant to which
Nash assumed part interest then held by General Minerals in the Option
Agreement, as modified by the Lake Owen Amendment.

                                    AGREEMENT

         NOW THEREFORE, for good and valuable consideration of 500,000 shares of
the Trend common stock, Nash and Trend hereby agree as follows:

1)       As of the Effective Date, the exploration expenditures required by
         Section 5.1(a) of the Option Agreement are hereby declared to be fully
         satisfied and any further exploration expenditure obligations of Trend
         are hereby affirmatively and irrevocably waived.

2)       The conditions and terms specified by the Section 5.2 of the Option
         Agreement have been satisfied.

3)       The conditions and terms specified by the Section 5.3(a) of the Option
         Agreement have been satisfied.

4)       The conditions and terms specified by the Section 5.3(b) of the Option
         Agreement, as modified by the Lake Owen Amendment have been satisfied.

5)       The conditions and terms specified by the Section 5.3(c) of the Option
         Agreement were deleted by the Lake Owen Amendment and are no longer
         applicable.

6)       The conditions and terms specified by the Section 5.3(d) of the Option
         Agreement, as modified by the Lake Owen Amendment have been satisfied.

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7)       Pursuant to Sections 5.5(a) and (b) of the Option Agreement, the notice
         requirements requiring a summary of exploration expenditures in order
         to exercise said Option are hereby waived.

8)       Any and all other terms and conditions specified by the Option
         Agreement as modified by the Lake Owen Amendment which would need to be
         satisfied by Trend to allow Trend to exercise the Option are declared
         to be either satisfied or are hereby waived.

9)       Trend hereby does affirmatively exercise its Option pursuant to Section
         5.5 of the Option Agreement, and Nash pursuant to the authority granted
         to him by his part interest in the Lake Owen Transfer, now declare that
         all terms and conditions being either satisfied or waived, Nash hereby
         forever irrevocably grants Trend all of his interest in the Lake Owen
         Project, as that term is defined in the Option Agreement, subject only
         to the existing Royalty, as specified and defined in the Option
         Agreement.

10)      This Agreement contains the entire agreement and understanding between
         the parties. This Agreement shall be governed and interpreted in
         accordance with the laws of New York. Any disputes arising out of this
         Agreement shall be settled by mandatory and binding arbitration in the
         State of New York.

11)      This Agreement may be executed by facsimile and in two or more
         counterparts, each of which shall be deemed to be an original, and all
         of which taken together shall constitute one and the same instrument.


         IN WITNESS WHEREOF, the Parties hereto have executed this Agreement and
made it effective as of the date first written above.

TREND MINING COMPANY                             TREND MINING COMPANY
a Delaware corporation                           a Delaware corporation


By: /s/ Kurt Hoffman                             By: /s/ John Ryan
Name: Kurt Hoffman                               Name: John Ryan
Title: President                                 Title:  Chief Financial Officer



________________________________
Ron Nash, as Individual