| TREND                  MINING COMPANY |
|---------------------------------------|

| Delaware                                                                                    |   | 81-0304651                                                        |
|---------------------------------------------------------------------------------------------|--------|-------------------------------------------------------------------|
| (State                or other jurisdiction ofincorporation                or organization) |   | (I.R.S.                EmployerIdentification                No.) |

| 5439                South Prince Street Littleton                Colorado 80120 |
|---------------------------------------------------------------------------------|
| (Address                of principal executive offices)                         |

| Not                Applicable.                                                                                   |
|------------------------------------------------------------------------------------------------------------------|
| (Former                name, former address and former fiscal year, if changed since last                report) |

|   |
|--------|

| Check                      whether the issuer (1) filed all reports required to be filed                      by Section                      13 or 15(d) of the Exchange Act during the past 12 months (or                      for such                      shorter period that the registrant was required to file such                      reports), and                      (2) has been subject to such filing requirements for the past                      90                      days. |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | Yes ý                      No                      ྑ |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |
| Indicate                      by check mark whether the registrant is a shell company (as                      defined in                      Rule 12b-2 of the Exchange Act).                                                                                                                                                                                                                                                                                                                      |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | Yes ྑ                      No ý |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |
| The                      number of shares of common stock, par value $0.01 per share,                      outstanding                      as of August 11, 2006: 48,386,978 shares                                                                                                                                                                                                                                                                                                                 |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |
| Transitional                      Small Business Disclosure Format (Check one):                                                                                                                                                                                                                                                                                                                                                                                                                      |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | Yes ྑ                      No ý |

----

|                     | **PART                  I - FINANCIAL INFORMATION**                              |   |
|--------------------------|----------------------------------------------------------------------------------|--------|
|                     |                                                                             |   |
| ITEM                  1. | FINANCIAL                  STATEMENTS                                            |   |
|                     |                                                                             |   |
|                     | Balance                  Sheets                                                  | 3      |
|                     |                                                                             |   |
|                     | Statements                  of Operations                                        | 5      |
|                     |                                                                             |   |
|                     | Statement                  of Stockholders’ Equity (Deficit)               | 6      |
|                     |                                                                             |   |
|                     | Statements                  of Cash Flows                                        | 8      |
|                     |                                                                             |   |
|                     | Notes                  to the Financial Statements                               | 10     |
|                     |                                                                             |   |
| ITEM                  2. | MANAGEMENT’S                  DISCUSSION AND ANALYSIS OR PLAN OF OPERATION | 21     |
|                     |                                                                             |   |
| ITEM                  3. | CONTROLS                  AND PROCEDURES                                         | 23     |
|                     |                                                                             |   |
|                     | **PART                  II - OTHER INFORMATION**                                 |   |
|                     |                                                                             |   |
| ITEM                  2. | UNREGISTERED                  SALES OF EQUITY SECURITIES AND USE OF PROCEEDS     | 24     |
|                     |                                                                             |   |
| ITEM                  4. | SUBMISSION                  OF MATTERS TO A VOTE OF SECURITY HOLDERS             | 24     |
|                     |                                                                             |   |
| ITEM                  6. | EXHIBITS                                                                         | 25     |

----

**PART      I - FINANCIAL INFORMATION**

**ITEM      1. **
**FINANCIAL      STATEMENTS.**

----

| **TREND                MINING COMPANY**                                                                                                                                                     |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| **(An                Exploration Stage Company)**                                                                                                                                           |   |
| **BALANCE                SHEETS**                                                                                                                                                           |   |
|                                                                                                                                                                                        |   |   |   |    |   |
|                                                                                                                                                                                        |   | June                30, |   |    |   |
|                                                                                                                                                                                        |   | 2006 |   |  September                30, |   |
|                                                                                                                                                                                        |   | (unaudited) |   |  2005 |   |
| **ASSETS**                                                                                                                                                                                  |   |   |   |    |   |
|                                                                                                                                                                                        |   |   |   |    |   |
| CURRENT                ASSETS                                                                                                                                                               |   |   |   |   |   |   |   |
| Cash                                                                                                                                                                                        |   | $ | 633,491 |   | $ | 64,391 |   |
| Accounts                receivable                                                                                                                                                          |   |   | 28,785 |   |   | 42,500 |   |
| Receivable                from sale of mining interest                                                                                                                                      |   |   | - |   |   | 1,122,975 |   |
| Prepaid                expenses                                                                                                                                                             |   |   | 5,000 |   |   | 13,494 |   |
|  TOTAL                CURRENT ASSETS                                                                                                                                                   |   |   | 667,276 |   |   | 1,243,360 |   |
|                                                                                                                                                                                        |   |   |   |   |   |   |   |
| MINERAL                PROPERTIES                                                                                                                                                           |   |   | - |   |   | - |   |
|                                                                                                                                                                                        |   |   |   |   |   |   |   |
| PROPERTY                AND EQUIPMENT, net of depreciation                                                                                                                                  |   |   | 11,748 |   |   | 13,027 |   |
|                                                                                                                                                                                        |   |   |   |   |   |   |   |
| OTHER                ASSETS                                                                                                                                                                 |   |   |   |   |   |   |   |
| Available                for sale securities                                                                                                                                                |   |   | 60,034 |   |   | - |   |
| Reclamation                Bond                                                                                                                                                             |   |   | 1,000 |   |   | 6,500 |   |
|  TOTAL                OTHER ASSETS                                                                                                                                                     |   |   | 61,034 |   |   | 6,500 |   |
|                                                                                                                                                                                        |   |   |   |   |   |   |   |
| **TOTAL                ASSETS**                                                                                                                                                             |   | $ | 740,058 |   | $ | 1,262,887 |   |
|                                                                                                                                                                                        |   |   |   |   |   |   |   |
| **LIABILITIES                AND STOCKHOLDERS' DEFICIT**                                                                                                                                    |   |   |   |   |   |   |   |
|                                                                                                                                                                                        |   |   |   |   |   |   |   |
| CURRENT                LIABILITIES                                                                                                                                                          |   |   |   |   |   |   |   |
| Accounts                payable                                                                                                                                                             |   | $ | 316,741 |   | $ | 519,631 |   |
| Accounts                payable, related parties                                                                                                                                            |   |   | 15,000 |   |   | 15,000 |   |
| Accrued                expenses                                                                                                                                                             |   |   | 8,897 |   |   | 76,082 |   |
| Interest                payable, related parties                                                                                                                                            |   |   | 272,332 |   |   | 209,786 |   |
| Interest                payable, convertible debt                                                                                                                                           |   |   | 11,009 |   |   | 12,747 |   |
| Loans                payable to related parties                                                                                                                                             |   |   | 1,132,857 |   |   | 1,692,857 |   |
| Current                portion of long-term debt                                                                                                                                            |   |   | 289,616 |   |   | 304,404 |   |
|  TOTAL                CURRENT LIABILITIES                                                                                                                                              |   |   | 2,046,452 |   |   | 2,830,507 |   |
|                                                                                                                                                                                        |   |   |   |   |   |   |   |
| LONG-TERM                DEBT, net of current portion                                                                                                                                       |   |   | - |   |   | 290,983 |   |
|                                                                                                                                                                                        |   |   |   |   |   |   |   |
| COMMITMENTS                AND CONTINGENCIES                                                                                                                                                |   |   | - |   |   | - |   |
|                                                                                                                                                                                        |   |   |   |   |   |   |   |
| STOCKHOLDERS'                DEFICIT                                                                                                                                                        |   |   |   |   |   |   |   |
| Preferred                  stock, $0.01 par value, 20,000,000 shares authorized;                  none issued and outstanding                                                          |   |   | - |   |   | - |   |
| Common                stock, $0.01 par value, 100,000,000 shares                authorized; 47,298,827 and  37,373,300                shares issued and outstanding, respectively |   |   | 472,988 |   |   | 373,733 |   |

----

| Additional                paid-in capital                                             |   |    | 8,950,611   |   |   | 8,025,700   |   |
|---------------------------------------------------------------------------------------|--------|---------|-------------|--------|--------|-------------|--------|
| Stock                options and warrants                                             |   |    | 2,164,703   |   |   | 1,762,647   |   |
| Beneficial                conversion rights                                           |   |    | 1,036,602   |   |   | 434,920     |   |
| Pre-exploration                stage accumulated deficit                              |   |    | (558,504    | )      |   | (558,504    | )      |
| Accumulated                deficit during exploration stage                           |   |    | (13,390,328 | )      |   | (11,897,099 | )      |
| Accumulated                other comprehensive income                                 |   |    | 17,534      |   |   | -           |   |
|  TOTAL                STOCKHOLDERS' DEFICIT                                      |   |    | (1,306,394  | )      |   | (1,858,603  | )      |
|                                                                                  |   |    |        |   |   |        |   |
| **TOTAL                  LIABILITIES AND **STOCKHOLDERS'                  DEFICIT**** |   | $  | 740,058     |   | $      | 1,262,887   |   |

----

**TREND      MINING COMPANY**

**(An      Exploration Stage Company)**

**STATEMENTS      OF OPERATIONS**

|                                                                                  |   |   Three                Months EndedJune                30, 2006 (unaudited) |       |   Three                Months EndedJune                30, 2005 (unaudited) |   |   Nine                Months EndedJune                30, 2006 (unaudited) |   |    Nine                Months EndedJune                30, 2005 (unaudited) |       |  Period                from October 1, 1996 (inception of Exploration Stage) to June 30,                2006                (unaudited) |   |
|---------------------------------------------------------------------------------------|--------|---------------------------------------------------------------------------------------|------------|---------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------------------------|------------|----------------------------------------------------------------------------------------------------------------------------------------------|--------|
| REVENUES                                                                              |   |                                                                                  |       |                                                                                  |   |                                                                                 |   |                                                                                       |       |                                                                                                                                         |   |
|                    Royalty Income                                      |   | $                                                                                     | 71,846     |                                                                                  | $      | -                                                                                    |   | $                                                                                          | 71,846     |                                                                                                                                         | $      | - |   | $ | 71,846 |   |
|                                                                                  |   |                                                                                  |       |                                                                                  |   |                                                                                 |   |                                                                                       |       |                                                                                                                                         |   |   |   |   |   |   |
| EXPENSES                                                                              |   |                                                                                  |       |                                                                                  |   |                                                                                 |   |                                                                                       |       |                                                                                                                                         |   |   |   |   |   |   |
|                    Exploration expense                                 |   |                                                                                  | 22,378     |                                                                                  |   | 48,088                                                                               |   |                                                                                       | 66,869     |                                                                                                                                         |   | 147,981 |   |   | 3,210,990 |   |
|                    General and administrative                          |   |                                                                                  | 64,011     |                                                                                  |   | 50,177                                                                               |   |                                                                                       | 173,277    |                                                                                                                                         |   | 136,371 |   |   | 3,340,234 |   |
|                    Consulting                                          |   |                                                                                  | 34,365     |                                                                                  |   | 74,201                                                                               |   |                                                                                       | 55,399     |                                                                                                                                         |   | 167,372 |   |   | 55,399 |   |
|                    Officers and directors compensation                 |   |                                                                                  | 109,220    |                                                                                  |   | 32,000                                                                               |   |                                                                                       | 294,658    |                                                                                                                                         |   | 89,000 |   |   | 2,381,324 |   |
|                    Legal and professional                              |   |                                                                                  | 162,765    |                                                                                  |   | 26,482                                                                               |   |                                                                                       | 483,491    |                                                                                                                                         |   | 108,428 |   |   | 2,161,890 |   |
|                    Depreciation                                        |   |                                                                                  | 677        |                                                                                  |   | 668                                                                                  |   |                                                                                       | 2,086      |                                                                                                                                         |   | 2,661 |   |   | 57,590 |   |
|     Total                Expenses                                 |   |                                                                                  | 393,416    |                                                                                  |   | 231,616                                                                              |   |                                                                                       | 1,075,780  |                                                                                                                                         |   | 651,813 |   |   | 11,207,427 |   |
|                                                                                  |   |                                                                                  |       |                                                                                  |   |                                                                                 |   |                                                                                       |       |                                                                                                                                         |   |   |   |   |   |   |
| OPERATING                LOSS                                                         |   |                                                                                  | (321,570   | )                                                                                     |   | (231,616                                                                             | )      |                                                                                       | (1,003,934 | )                                                                                                                                            |   | (651,813 | ) |   | (11,135,581 | ) |
|                                                                                  |   |                                                                                  |       |                                                                                  |   |                                                                                 |   |                                                                                       |       |                                                                                                                                         |   |   |   |   |   |   |
| OTHER                INCOME (EXPENSE)                                                 |   |                                                                                  |       |                                                                                  |   |                                                                                 |   |                                                                                       |       |                                                                                                                                         |   |   |   |   |   |   |
|                    Dividend and interest income                        |   |                                                                                  | 3,421      |                                                                                  |   | 3,660                                                                                |   |                                                                                       | 10,341     |                                                                                                                                         |   | 4,479 |   |   | 22,667 |   |
|                    Settlement expense                                  |   |                                                                                  | -          |                                                                                  |   | -                                                                                    |   |                                                                                       | -          |                                                                                                                                         |   | - |   |   | (26,250 | ) |
|                    Gain (loss) on disposition and impairment of assets |   |                                                                                  | -          |                                                                                  |   | -                                                                                    |   |                                                                                       | -          |                                                                                                                                         |   | - |   |   | (175,019 | ) |
|                    Gain on sale of mining interest                     |   |                                                                                  | -          |                                                                                  |   | -                                                                                    |   |                                                                                       | -          |                                                                                                                                         |   | - |   |   | 69,805 |   |
|                    Gain (loss) on investment sales                     |   |                                                                                  | -          |                                                                                  |   | -                                                                                    |   |                                                                                       | -          |                                                                                                                                         |   | - |   |   | (63,813 | ) |
|                    Financing expense                                   |   |                                                                                  | (108,477   | )                                                                                     |   | (142,945                                                                             | )      |                                                                                       | (340,452   | )                                                                                                                                            |   | (436,572 | ) |   | (2,062,120 | ) |
|                    Interest expense                                    |   |                                                                                  | (63,201    | )                                                                                     |   | (56,850                                                                              | )      |                                                                                       | (208,602   | )                                                                                                                                            |   | (127,395 | ) |   | (720,226 | ) |
|                    Exchange gain (loss)                                |   |                                                                                  | -          |                                                                                  |   | -                                                                                    |   |                                                                                       | (167       | )                                                                                                                                            |   | - |   |   | (6,182 | ) |
|                    Miscellaneous income                                |   |                                                                                  | 1,585      |                                                                                  |   | -                                                                                    |   |                                                                                       | 1,585      |                                                                                                                                         |   | - |   |   | 28,430 |   |
|                   Forgiveness of debt                                       |   |                                                                                  | -          |                                                                                  |   | -                                                                                    |   |                                                                                       | 48,000     |                                                                                                                                         |   | 62,815 |   |   | 677,961 |   |
|     Total                Other Income (Expense)                   |   |                                                                                  | (166,672   | )                                                                                     |   | (196,135                                                                             | )      |                                                                                       | (489,295   | )                                                                                                                                            |   | (496,673 | ) |   | (2,254,747 | ) |
|                                                                                  |   |                                                                                  |       |                                                                                  |   |                                                                                 |   |                                                                                       |       |                                                                                                                                         |   |   |   |   |   |   |
| LOSS                BEFORE INCOME TAXES                                               |   |                                                                                  | (488,242   | )                                                                                     |   | (427,741                                                                             | )      |                                                                                       | (1,493,229 | )                                                                                                                                            |   | (1,148,486 | ) |   | (13,390,328 | ) |
|                                                                                  |   |                                                                                  |       |                                                                                  |   |                                                                                 |   |                                                                                       |       |                                                                                                                                         |   |   |   |   |   |   |
| INCOME                TAXES                                                           |   |                                                                                  | -          |                                                                                  |   | -                                                                                    |   |                                                                                       | -          |                                                                                                                                         |   | - |   |   | - |   |
|                                                                                  |   |                                                                                  |       |                                                                                  |   |                                                                                 |   |                                                                                       |       |                                                                                                                                         |   |   |   |   |   |   |
| NET                LOSS                                                               |   |                                                                                  | (488,242   | )                                                                                     |   | (427,751                                                                             | )      |                                                                                       | (1,493,229 | )                                                                                                                                            |   | (1,148,486 | ) |   | (13,390,328 | ) |
|                                                                                  |   |                                                                                  |       |                                                                                  |   |                                                                                 |   |                                                                                       |       |                                                                                                                                         |   |   |   |   |   |   |
| OTHER                COMPREHENSIVE INCOME (LOSS)                                      |   |                                                                                  |       |                                                                                  |   |                                                                                 |   |                                                                                       |       |                                                                                                                                         |   |   |   |   |   |   |
|                    Unrealized gain on available for sale securities    |   |                                                                                  | 10,735     |                                                                                  |   | -                                                                                    |   |                                                                                       | 17,534     |                                                                                                                                         |   | - |   |   | 17,534 |   |
|                                                                                  |   |                                                                                  |       |                                                                                  |   |                                                                                 |   |                                                                                       |       |                                                                                                                                         |   |   |   |   |   |   |
| NET                COMPREHENSIVE LOSS                                                 |   | $                                                                                     | (477,507   | )                                                                                     | $      | (427,751                                                                             | )      | $                                                                                          | (1,475,695 | )                                                                                                                                            | $      | (1,148,486 | ) | $ | (13,372,794 | ) |
|                                                                                  |   |                                                                                  |       |                                                                                  |   |                                                                                 |   |                                                                                       |       |                                                                                                                                         |   |   |   |   |   |   |
| BASIC                AND DILUTED NET LOSS PER                SHARE                    |   | $                                                                                     | (0.01      | )                                                                                     | $      | 0.01                                                                                 |   | $                                                                                          | (0.04      | )                                                                                                                                            | $      | (0.03 | ) |   |   |   |
|                                                                                  |   |                                                                                  |       |                                                                                  |   |                                                                                 |   |                                                                                       |       |                                                                                                                                         |   |   |   |   |   |   |
| WEIGHTED                AVERAGE NUMBER OF COMMON SHARES OUTSTANDING                   |   |                                                                                  | 44,703,056 |                                                                                  |   | 36,275,218                                                                           |   |                                                                                       | 41,188,522 |                                                                                                                                         |   | 36,100,771 |   |   |   |   |

----

**TREND        MINING COMPANY**

**(An        Exploration Stage Company)**

**STATEMENT        OF STOCKHOLDERS’ EQUITY (DEFICIT)**

|                                                                                                              |   Common                  Stock |                             |       |         |   |                                       |   |                                                                    |      |                                          |   |                                                             |   |                                                     |    |                              |   |        |   |   |
|-------------------------------------------------------------------------------------------------------------------|-------------------------------------------|----------------------------------|------------|--------------|--------|--------------------------------------------|--------|-------------------------------------------------------------------------|-----------|-----------------------------------------------|--------|------------------------------------------------------------------|--------|----------------------------------------------------------|---------|-----------------------------------|--------|-------------|--------|--------|
|                                                                                                                   |                                      | Numberof                  Shares |       |  Amount |   | AdditionalPaid-in                  Capital |   |                   Stock                  Options and Warrants |      | Beneficial                  Conversion Rights |   |                   Accumulated                  Deficit |   |  Other                  Comprehensive Income (Loss) |    |                   Total |   |
|                                                                                                              |                                      |                             |       |         |   |                                       |   |                                                                    |      |                                          |   |                                                             |   |                                                     |    |                              |   |        |   |   |   |   |   |   |   |
| Balance,                  September 30, 2005                                                                      |                                      |                             | 37,373,300 |         | $      | 373,733                                    |   | $                                                                       | 8,025,700 |                                          | $      | 1,762,647                                                        |   | $                                                        | 434,920 |                              | $      | -12,455,603 |   | $      | 0 |   | $ | -1,858,603 |   |
|                                                                                                              |                                      |                             |       |         |   |                                       |   |                                                                    |      |                                          |   |                                                             |   |                                                     |    |                              |   |        |   |   |   |   |   |   |   |
| Common                  stock issued for convertible debt & interest                                          |                                      |                             | 562,505    |         |   | 5,625                                      |   |                                                                    | 80,305    |                                          |   |                                                             |   |                                                     |    |                              |   |        |   |   |   |   |   | 85,930 |   |
|                                                                                                              |                                      |                             |       |         |   |                                       |   |                                                                    |      |                                          |   |                                                             |   |                                                     |    |                              |   |        |   |   |   |   |   |   |   |
| Common                  stock issued for cash at $0.10 per share                                                  |                                      |                             | 1,500,000  |         |   | 15,000                                     |   |                                                                    | 135,000   |                                          |   |                                                             |   |                                                     |    |                              |   |        |   |   |   |   |   | 150,000 |   |
|                                                                                                              |                                      |                             |       |         |   |                                       |   |                                                                    |      |                                          |   |                                                             |   |                                                     |    |                              |   |        |   |   |   |   |   |   |   |
| Common                  stock issued to officers & directors for services at $0.15 per                  share |                                      |                             | 600,000    |         |   | 6,000                                      |   |                                                                    | 84,000    |                                          |   |                                                             |   |                                                     |    |                              |   |        |   |   |   |   |   | 90,000 |   |
|                                                                                                              |                                      |                             |       |         |   |                                       |   |                                                                    |      |                                          |   |                                                             |   |                                                     |    |                              |   |        |   |   |   |   |   |   |   |
| Common                  stock issued for services                                                                 |                                      |                             | 7,912      |         |   | 79                                         |   |                                                                    | 1,721     |                                          |   |                                                             |   |                                                     |    |                              |   |        |   |   |   |   |   | 1,800 |   |
|                                                                                                              |                                      |                             |       |         |   |                                       |   |                                                                    |      |                                          |   |                                                             |   |                                                     |    |                              |   |        |   |   |   |   |   |   |   |
| Net                  loss for the period ended December 31, 2005                                                  |                                      |                             |       |         |   |                                       |   |                                                                    |      |                                          |   |                                                             |   |                                                     |    |                              |   | -498,904    |   |   |   |   |   | (498,904 | ) |
| Balance,                  December 31, 2005                                                                       |                                      |                             | 40,043,717 |         |   | 400,437                                    |   |                                                                    | 8,326,726 |                                          |   | 1,762,647                                                        |   |                                                     | 434,920 |                              |   | -12,954,507 |   |   | 0 |   |   | -2,029,777 |   |
|                                                                                                              |                                      |                             |       |         |   |                                       |   |                                                                    |      |                                          |   |                                                             |   |                                                     |    |                              |   |        |   |   |   |   |   |   |   |
| Common                  stock issued for convertible debt & interest                                          |                                      |                             | 437,940    |         |   | 4,379                                      |   |                                                                    | 46,480    |                                          |   |                                                             |   |                                                     |    |                              |   |        |   |   |   |   |   | 50,859 |   |
|                                                                                                              |                                      |                             |       |         |   |                                       |   |                                                                    |      |                                          |   |                                                             |   |                                                     |    |                              |   |        |   |   |   |   |   |   |   |
| Common                  stock issued for financing fees @ $0.10 per share                                         |                                      |                             | 150,000    |         |   | 1,500                                      |   |                                                                    | 13,500    |                                          |   |                                                             |   |                                                     |    |                              |   |        |   |   |   |   |   | 15,000 |   |
|                                                                                                              |                                      |                             |       |         |   |                                       |   |                                                                    |      |                                          |   |                                                             |   |                                                     |    |                              |   |        |   |   |   |   |   |   |   |
| Common                  stock issued for exploration expense                                                      |                                      |                             | 20,000     |         |   | 200                                        |   |                                                                    | 3,400     |                                          |   |                                                             |   |                                                     |    |                              |   |        |   |   |   |   |   | 3,600 |   |
|                                                                                                              |                                      |                             |       |         |   |                                       |   |                                                                    |      |                                          |   |                                                             |   |                                                     |    |                              |   |        |   |   |   |   |   |   |   |
| Common                  stock cancelled for convertible debt and interest                                         |                                      |                             | (435,603   | )            |   | (4,356                                     | )      |                                                                    | (78,423   | )                                             |   |                                                             |   |                                                     |    |                              |   |        |   |   |   |   |   | (82,779 | ) |
|                                                                                                              |                                      |                             |       |         |   |                                       |   |                                                                    |      |                                          |   |                                                             |   |                                                     |    |                              |   |        |   |   |   |   |   |   |   |
| Net                  loss for the period ended March, 31, 2006                                                    |                                      |                             |       |         |   |                                       |   |                                                                    |      |                                          |   |                                                             |   |                                                     |    |                              |   | -506,083    |   |   |   |   |   | (506,083 | ) |
| Balance,                  March 31, 2006                                                                          |                                      |                             | 40,216,054 |         |   | 402,160                                    |   |                                                                    | 8,311,683 |                                          |   | 1,762,647                                                        |   |                                                     | 434,920 |                              |   | -13,460,590 |   |   | 0 |   |   | -2,549,180 |   |
|                                                                                                              |                                      |                             |       |         |   |                                       |   |                                                                    |      |                                          |   |                                                             |   |                                                     |    |                              |   |        |   |   |   |   |   |   |   |
| Common                  stock issued for convertible debt & interest                                          |                                      |                             | 6,947,773  |         |   | 69,478                                     |   |                                                                    | 626,778   |                                          |   |                                                             |   |                                                     |    |                              |   |        |   |   |   |   |   | 696,256 |   |
|                                                                                                              |                                      |                             |       |         |   |                                       |   |                                                                    |      |                                          |   |                                                             |   |                                                     |    |                              |   |        |   |   |   |   |   |   |   |

----

| Common                  stock issued for services                                                     |   |   | 5,000      |   |   | 50      |   |   | 450       |   |   |      |   |   |      |   |   |        |   |   |   |   |   | 500        |   |
|-------------------------------------------------------------------------------------------------------|--------|--------|------------|--------|--------|---------|--------|--------|-----------|--------|--------|-----------|--------|--------|-----------|--------|--------|-------------|--------|--------|--------|--------|--------|------------|--------|
|                                                                                                  |   |   |       |   |   |    |   |   |      |   |   |      |   |   |      |   |   |        |   |   |   |   |   |       |   |
| Common                  stock issued for compensation                                                 |   |   | 80,000     |   |   | 800     |   |   | 7,200     |   |   |      |   |   |      |   |   |        |   |   |   |   |   | 8,000      |   |
|                                                                                                  |   |   |       |   |   |    |   |   |      |   |   |      |   |   |      |   |   |        |   |   |   |   |   |       |   |
|                                                                                                  |   |   |       |   |   |    |   |   |      |   |   |      |   |   |      |   |   |        |   |   |   |   |   |       |   |
| Common                  stock issued for financing fees                                               |   |   | 50,000     |   |   | 500     |   |   | 4,500     |   |   |      |   |   |      |   |   |        |   |   |   |   |   | 5,000      |   |
|                                                                                                  |   |   |       |   |   |    |   |   |      |   |   |      |   |   |      |   |   |        |   |   |   |   |   |       |   |
|                                                                                                  |   |   |       |   |   |    |   |   |      |   |   |      |   |   |      |   |   |        |   |   |   |   |   |       |   |
| Stock                  options issued for consulting                                                  |   |   |       |   |   |    |   |   |      |   |   | 14,768    |   |   |      |   |   |        |   |   |   |   |   | 14,768     |   |
|                                                                                                  |   |   |       |   |   |    |   |   |      |   |   |      |   |   |      |   |   |        |   |   |   |   |   |       |   |
|                                                                                                  |   |   |       |   |   |    |   |   |      |   |   |      |   |   |      |   |   |        |   |   |   |   |   |       |   |
| Stock                  options vested for officers & directors                  compensation |   |   |       |   |   |    |   |   |      |   |   | 64,720    |   |   |      |   |   |        |   |   |   |   |   | 64,720     |   |
|                                                                                                  |   |   |       |   |   |    |   |   |      |   |   |      |   |   |      |   |   |        |   |   |   |   |   |       |   |
| Convertible                  debt issuance                                                            |   |   |       |   |   |    |   |   |      |   |   |      |   |   |      |   |   |        |   |   |   |   |   |       |   |
|    -class                  A warrants at $.17 per share                                |   |   |       |   |   |    |   |   |      |   |   | 312,830   |   |   |      |   |   |        |   |   |   |   |   | 312,830    |   |
|    -class                  B warrants at $.25 per share                                |   |   |       |   |   |    |   |   |      |   |   | 9,738     |   |   |      |   |   |        |   |   |   |   |   | 9,738      |   |
|    -beneficial                  conversion rights at $.10 per share                    |   |   |       |   |   |    |   |   |      |   |   |      |   |   | 601,682   |   |   |        |   |   |   |   |   | 601,682    |   |
|                                                                                                  |   |   |       |   |   |    |   |   |      |   |   |      |   |   |      |   |   |        |   |   |   |   |   |       |   |
| Unrealized                  gain on available for sale securities                                     |   |   |       |   |   |    |   |   |      |   |   |      |   |   |      |   |   |        |   |   | 17,534 |   |   | 17,534     |   |
|                                                                                                  |   |   |       |   |   |    |   |   |      |   |   |      |   |   |      |   |   |        |   |   |   |   |   |       |   |
|                                                                                                  |   |   |       |   |   |    |   |   |      |   |   |      |   |   |      |   |   |        |   |   |   |   |   |       |   |
| Net                  loss for the period ended June 30, 2006                                          |   |   |       |   |   |    |   |   |      |   |   |      |   |   |      |   |   | -488,242    |   |   |   |   |   | (488,242   | )      |
|                                                                                                  |   |   |       |   |   |    |   |   |      |   |   |      |   |   |      |   |   |        |   |   |   |   |   |       |   |
| Balance,                  June 30, 2006                                                               |   |   | 47,298,827 |   | $      | 472,988 |   | $      | 8,950,611 |   | $      | 2,164,703 |   | $      | 1,036,602 |   | $      | -13,948,832 |   | $      | 17,534 |   | $      | -1,306,394 |   |

----

**TREND      MINING COMPANY**

**(An      Exploration Stage Company)**

**STATEMENTS      OF CASH FLOWS**

|                                                                                                                                   |   | Nine                  Months EndedJune                  30, 2006 (unaudited) |       | Nine                  Months EndedJune                  30, 2005 (unaudited) |   | Period                  fromOctober 1, 1996(Inception ofExploration Stage)to June                  30, 2006 (unaudited) |   |
|----------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------------------------------------------------------|------------|------------------------------------------------------------------------------|--------|-------------------------------------------------------------------------------------------------------------------------|--------|
| CASH                  FLOWS FROM OPERATING ACTIVITIES:                                                                                 |   |                                                                         |       |                                                                         |   |                                                                                                                    |   |
|                       Net loss                                                                                     |   | $                                                                            | (1,493,229 | )                                                                            | $      | (1,148,486                                                                                                              | )      | $ | (13,390,328 | ) |
|                       Adjustments to reconcile net loss to net cash used by operating                  activities: |   |                                                                         |       |                                                                         |   |                                                                                                                    |   |   |   |   |
| Depreciation                                                                                                                           |   |                                                                         | 2,086      |                                                                         |   | 2,661                                                                                                                   |   |   | 57,590 |   |
| Amortization                  of debt discount                                                                                         |   |                                                                         | 325,431    |                                                                         |   | 369,372                                                                                                                 |   |   | 822,863 |   |
| Loss                  on investment sales                                                                                              |   |                                                                         | -          |                                                                         |   | -                                                                                                                       |   |   | 68,969 |   |
| Loss                  on disposition and impairment of assets                                                                          |   |                                                                         | -          |                                                                         |   | -                                                                                                                       |   |   | 183,391 |   |
| Gain                  on sale of mineral properties                                                                                    |   |                                                                         | -          |                                                                         |   | -                                                                                                                       |   |   | (70,305 | ) |
| Gain                  on trade-in of property and equipment                                                                            |   |                                                                         | -          |                                                                         |   | -                                                                                                                       |   |   | (7,872 | ) |
| Gain                  on forgiveness of debt                                                                                           |   |                                                                         | (48,000    | )                                                                            |   | (62,815                                                                                                                 | )      |   | (249,581 | ) |
| Interest                  expense forgiven by shareholders                                                                             |   |                                                                         | -          |                                                                         |   | -                                                                                                                       |   |   | 20,848 |   |
| Common                  stock issued for services and expenses                                                                         |   |                                                                         | 5,900      |                                                                         |   | 87,010                                                                                                                  |   |   | 1,271,071 |   |
| Common                  stock issued for payables                                                                                      |   |                                                                         | -          |                                                                         |   | 3,800                                                                                                                   |   |   | 219,656 |   |
| Common                  stock and options issued as compensation                                                                       |   |                                                                         | 162,720    |                                                                         |   | -                                                                                                                       |   |   | 1,283,935 |   |
| Stock                  options and warrants issued for financing activities                                                            |   |                                                                         | 15,000     |                                                                         |   | -                                                                                                                       |   |   | 837,257 |   |
| Common                  stock issued for investments                                                                                   |   |                                                                         | -          |                                                                         |   | -                                                                                                                       |   |   | 93,168 |   |
| Common                  stock and warrants issued to acquire mineral property                  options                                 |   |                                                                         | -          |                                                                         |   | -                                                                                                                       |   |   | 1,114,873 |   |
| Warrants                  issued for consulting fees                                                                                   |   |                                                                         | 14,768     |                                                                         |   | -                                                                                                                       |   |   | 185,289 |   |
| Common                  stock issued for incentive fees                                                                                |   |                                                                         | -          |                                                                         |   | -                                                                                                                       |   |   | 21,544 |   |
| Investment                  traded for services                                                                                        |   |                                                                         | -          |                                                                         |   | -                                                                                                                       |   |   | 45,939 |   |
| Common                  stock issued for payment of interest                                                                           |   |                                                                         | -          |                                                                         |   | -                                                                                                                       |   |   | 17,160 |   |
|                       Changes in assets and liabilities:                                                           |   |                                                                         |       |                                                                         |   |                                                                                                                    |   |   |   |   |
| Accounts                  payable                                                                                                      |   |                                                                         | (202,890   | )                                                                            |   | (81,848                                                                                                                 | )      |   | 244,558 |   |
| Accrued                  expenses                                                                                                      |   |                                                                         | (19,185    | )                                                                            |   | (4,162                                                                                                                  | )      |   | (17,288 | ) |
| Accounts                  receivable                                                                                                   |   |                                                                         | (28,785    | )                                                                            |   | -                                                                                                                       |   |   | (71,285 | ) |
| Prepaid                  Expenses & Inventory                                                                                      |   |                                                                         | 8,494      |                                                                         |   | (24,088                                                                                                                 | )      |   | (1,195 | ) |
| Purchase                  Deposits                                                                                                     |   |                                                                         | -          |                                                                         |   | (300,000                                                                                                                | )      |   | - |   |
| Reclamation                  Bond                                                                                                      |   |                                                                         | 5,500      |                                                                         |   | (6,500                                                                                                                  | )      |   | (1,000 | ) |
| Interest                  payable                                                                                                      |   |                                                                         | 179,872    |                                                                         |   | 112,610                                                                                                                 |   |   | 376,347 |   |
|                       Net cash used by operating activities                                                        |   |                                                                         | (1,072,318 | )                                                                            |   | (1,052,446                                                                                                              | )      |   | (6,944,396 | ) |
|                                                                                                                                   |   |                                                                         |       |                                                                         |   |                                                                                                                    |   |   |   |   |
| CASH                  FLOWS FROM INVESTING ACTIVITIES:                                                                                 |   |                                                                         |       |                                                                         |   |                                                                                                                    |   |   |   |   |
| Proceeds                  from sale of equipment                                                                                       |   |                                                                         | -          |                                                                         |   | -                                                                                                                       |   |   | 37,626 |   |
| Proceeds                  from sale of mineral property                                                                                |   |                                                                         | 1,122,975  |                                                                         |   | -                                                                                                                       |   |   | 1,345,975 |   |
| Purchase                  of furniture and equipment                                                                                   |   |                                                                         | (807       | )                                                                            |   | (3,162                                                                                                                  | )      |   | (56,883 | ) |
| Purchase                  of mineral property                                                                                          |   |                                                                         | -          |                                                                         |   | -                                                                                                                       |   |   | (1,011,395 | ) |
| Proceeds                  from investments sold                                                                                        |   |                                                                         |       |                                                                         |   | -                                                                                                                       |   |   | 183,161 |   |
|                       Net cash used by investment activities                                                       |   |                                                                         | 1,122,168  |                                                                         |   | -                                                                                                                       |   |   | 498,484 |   |
|                                                                                                                                   |   |                                                                         |            |                                                                         |   |                                                                                                                    |   |   |   |   |

----

| CASH                  FLOWS FROM FINANCING ACTIVITIES:                              |   |   |      |   |   |      |   |   |      |   |
|-------------------------------------------------------------------------------------|--------|--------|-----------|--------|--------|-----------|--------|--------|-----------|--------|
| Payments                  on notes payable and short-term borrowings                |   |   | (560,000  | )      |   | (81,250   | )      |   | (934,556  | )      |
| Proceeds                  from internal securities sale                             |   |   | -         |   |   | -         |   |   | 210,194   |   |
| Sale                  of warrants for common stock                                  |   |   | -         |   |   | -         |   |   | 10,000    |   |
| Proceeds                  from borrowings                                           |   |   | 1,025,000 |   |   | 1,245,412 |   |   | 4,819,157 |   |
| Financing                  fees                                                     |   |   | (95,750   | )      |   | -         |   |   | (95,750   | )      |
| Sale                  of common stock, subscriptions and exercise of options        |   |   | 150,000   |   |   | -         |   |   | 2,843,151 |   |
| Issuance                  of penalty shares                                         |   |   | -         |   |   | -         |   |   | 223,600   |   |
|                       Net cash provided by financing activities |   |   | 519,250   |   |   | 1,164,162 |   |   | 7,075,796 |   |
|                                                                                |   |   |      |   |   |      |   |   |      |   |
| NET                  INCREASE IN CASH                                               |   |   | 569,100   |   |   | 108,554   |   |   | 629,884   |   |
|                                                                                |   |   |      |   |   |      |   |   |      |   |
| CASH,                  BEGINNING OF PERIOD                                          |   |   | 64,391    |   |   | 8,313     |   |   | 3,607     |   |
|                                                                                |   |   |      |   |   |      |   |   |      |   |
| CASH,                  END OF PERIOD                                                |   | $      | 633,491   |   | $      | 116,867   |   | $      | 633,491   |   |
|                                                                                |   |   |      |   |   |      |   |   |      |   |
| SUPPLEMENTAL                  CASH FLOW INFORMATION:                                |   |   |      |   |   |      |   |   |      |   |
| Interest                  paid                                                      |   | $      | 28,730    |   | $      | -         |   | $      | 196,410   |   |
| Income                  taxes paid                                                  |   | $      | -         |   | $      | -         |   | $      | -         |   |
|                                                                                |   |   |      |   |   |      |   |   |      |   |
| NON-CASH                  FINANCING AND INVESTING ACTIVITIES:                       |   |   |      |   |   |      |   |   |      |   |
| Common                  stock and warrants issued to acquire mineral properties     |   | $      | -         |   | $      | -         |   | $      | 344,873   |   |
| Common                  stock issued to acquire mineral property                    |   | $      | -         |   | $      | -         |   | $      | 845,000   |   |
| Common                  stock issued for acquisition of mining equipment            |   | $      | -         |   | $      | -         |   | $      | 180,000   |   |
| Common                  stock issued for services and expenses                      |   | $      | 5,900     |   | $      | 87,010    |   | $      | 1,271,071 |   |
| Common                  stock issued for investment                                 |   | $      | -         |   | $      | -         |   | $      | 185,168   |   |
| Common                  stock issued for payables and accrued expenses              |   | $      | -         |   | $      | 3,800     |   | $      | 219,656   |   |
| Common                  stock issued for incentive fees                             |   | $      | -         |   | $      | -         |   | $      | 21,544    |   |
| Common                  stock and options issued as compensation                    |   | $      | 162,720   |   | $      | -         |   | $      | 1,283,935 |   |
| Common                  stock and options for payment of convertible debt           |   | $      | -         |   | $      | -         |   | $      | 41,464    |   |
| Stock                  options and warrants issued for financing activities         |   | $      | 134,064   |   | $      | 93,825    |   | $      | 956,321   |   |
| Beneficial                  conversion rights on convertible debt                   |   | $      | 631,202   |   | $      | 77,158    |   | $      | 1,066,122 |   |
| Warrants                  issued for consulting fees                                |   | $      | 14,768    |   | $      | -         |   | $      | 185,289   |   |
| Deferred                  acquisition costs on mining property                      |   | $      | -         |   | $      | -         |   | $      | 46,242    |   |
| Purchase                  of equipment with financing agreement                     |   | $      | -         |   | $      | -         |   | $      | 21,814    |   |
| Investments                  received for mineral property                          |   | $      | -         |   | $      | -         |   | $      | 5,500     |   |
| Investments                  traded for services                                    |   | $      | -         |   | $      | -         |   | $      | 45,939    |   |
| Equipment                  for loans payable                                        |   | $      | -         |   | $      | -         |   | $      | 4,500     |   |
| Warrants                  for convertible debt                                      |   | $      | -         |   | $      | -         |   | $      | 654,676   |   |
| Common                  stock and options for payment of interest                   |   | $      | -         |   | $      | -         |   | $      | 17,160    |   |

----

**TREND        MINING COMPANY**

**(AN        EXPLORATION STAGE COMPANY)**

**NOTES        TO THE FINANCIAL STATEMENTS **

**JUNE        30, 2006**

----

**NOTE      1 - ORGANIZATION AND DESCRIPTION OF BUSINESS**

**NOTE      2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES**

----

**TREND            MINING COMPANY**

**(AN            EXPLORATION STAGE COMPANY)**

**NOTES            TO THE FINANCIAL STATEMENTS **

**JUNE            30, 2006**

----

**NOTE      3 - MINERAL PROPERTIES**

----

**TREND          MINING COMPANY**

**(AN          EXPLORATION STAGE COMPANY)**

**NOTES          TO THE FINANCIAL STATEMENTS **

**JUNE          30, 2006**

----

----

**TREND          MINING COMPANY**

**(AN          EXPLORATION STAGE COMPANY)**

**NOTES          TO THE FINANCIAL STATEMENTS **

**JUNE          30, 2006**

----

----

**TREND          MINING COMPANY**

**(AN          EXPLORATION STAGE COMPANY)**

**NOTES          TO THE FINANCIAL STATEMENTS **

**JUNE          30, 2006**

----

**NOTE      4 - COMMON STOCK, OPTIONS, AND WARRANTS**

|                                                                  | **Issue                    Date** | **Number                    of Shares** | **Price                    per Share** | **Common                    Stock Amount** | **Additional****Paid-in                    Capital** | **Total                    Amount** | **Number                    of Options** | **Number                    of Warrants** | **Value                    of Options/ Warrants** |
|-----------------------------------------------------------------------|-----------------------------------|-----------------------------------------|----------------------------------------|--------------------------------------------|------------------------------------------------------|-------------------------------------|------------------------------------------|-------------------------------------------|---------------------------------------------------|
| **Balance                    September 30, 2005**                     |                              | **37,373,300**                          |                                   | **$373,733**                               | **$8,025,700**                                       | **$8,399,433**                      | **2,200,000**                            | **14,738,176**                            | **$1,762,647**                                    |
| CS                    for Director, and Officer compensation          | 12/31/05                          | 600,000                                 | .15                                    | 6,000                                      | 84,000                                               | 90,000                              |                                     |                                      |                                              |
| CS                    issued for cash                                 | 12/06/05                          | 1,500,000                               | .10                                    | 15,000                                     | 135,000                                              | 150,000                             |                                     |                                      |                                              |
| CS                    issued for convertible debt                     | 12/31/05                          | 562,505                                 | .15                                    | 5,625                                      | 80,305                                               | 85,930                              |                                     |                                      |                                              |
| CS                    issue d for services                            | 11/21/05                          | 7,912                                   | .23                                    | 79                                         | 1721                                                 | 1800                                |                                     |                                      |                                              |
| **Balance                    at 12/31/05**                            |                              | **40,043,717**                          |                                   | **$400,437**                               | **$8,326,726**                                       | **$8,727,163**                      | **2,200,000**                            | **14,738,176**                            | **$1,762,647**                                    |
| CS                    issued for convertible debt                     | 01/01/06                          | 65,556                                  | .1133                                  | 657                                        | 6771                                                 | 7,428                               |                                     |                                      |                                              |
| CS                    issued for expense                              | 01/03/06                          | 20,000                                  | .18                                    | 200                                        | 3400                                                 | 3600                                |                                     |                                      |                                              |
| CS                    issued for convertible debt                     | 01/04/06                          | 48,012                                  | .11                                    | 480                                        | 5,262                                                | 5742                                |                                     |                                      |                                              |
| CS                    issued for convertible debt                     | 01/31/06                          | 35,118                                  | .1624                                  | 351                                        | 5,352                                                | 5,703                               |                                     |                                      |                                              |
| CS                    issued for convertible debt                     | 02/01/06                          | 61,678                                  | .1520                                  | 617                                        | 5551                                                 | 6,168                               |                                     |                                      |                                              |
| CS                    issued for convertible debt                     | 02/03/06                          | 39,009                                  | .1452                                  | 390                                        | 5274                                                 | 5,664                               |                                     |                                      |                                              |
| Expired                    warrants                                   | 02/21/06                          |                                    |                                   |                                       |                                                 |                                |                                     | -3,241,669                                |                                              |
| CS                    issued for convertible debt                     | 03/01/06                          | 93,099                                  | .10                                    | 930                                        | 8,379                                                | 9,309                               |                                     |                                      |                                              |
| CS                    issued for convertible debt                     | 03/03/06                          | 49,811                                  | .1133                                  | 498                                        | 4,722                                                | 5,220                               |                                     |                                      |                                              |
| CS                    cancelled for convertible debt                  | 03/29/06                          | -435,603                                |                                   | -4356                                      | -78423                                               | -82,779                             |                                     |                                      |                                              |
| CS                    issued for convertible debt                     | 03/31/06                          | 45,657                                  | .1232                                  | 456                                        | 5,169                                                | 5,625                               |                                     |                                      |                                              |
| CS                    issued for financing fees                       | 03/31/06                          | 150,000                                 | .10                                    | 1,500                                      | 13,500                                               | 15,000                              |                                     |                                      |                                              |
| **Balance                    at 3/31/06**                             |                              | **40,216,054**                          |                                   | **$402,160**                               | **$8,311,683**                                       | **$8,713,843**                      | **2,200,000**                            | **11,496,509**                            | **$1,762,647**                                    |
|                                                                  |                              |                                    |                                   |                                       |                                                 |                                |                                     |                                      |                                              |
| CS                    issued for convertible debt                     | 04/01/06                          | 92,448                                  | .10                                    | 925                                        | 8,320                                                | 9,245                               |                                     |                                      |                                              |
| CS                    issued for convertible debt                     | 04/01/06                          | 41,073                                  | .136                                   | 411                                        | 5,175                                                | 5,586                               |                                     |                                      |                                              |
| CS                    issued for convertible debt                     | 05/01/06                          | 447,266                                 | .10                                    | 4,473                                      | 40,254                                               | 44,727                              |                                     |                                      |                                              |
| CS                    issued for convertible debt                     | 05/05/06                          | 5,579,029                               | .10                                    | 55,790                                     | 502,113                                              | 557,903                             |                                     |                                      |                                              |
| CS                    for Director, officer and employee compensation | 05/30/06                          | 80,000                                  | .10                                    | 800                                        | 7,200                                                | 8,000                               |                                     |                                      |                                              |

----

**TREND              MINING COMPANY**

**(AN              EXPLORATION STAGE COMPANY)**

**NOTES              TO THE FINANCIAL STATEMENTS **

**JUNE              30, 2006**

----

|   | **Issue                      Date** | **Number                      of Shares** | **Price                      per Share** | **Common                      Stock Amount** | **Additional****Paid-in                      Capital** | **Total                      Amount** | **Number                      of Options** | **Number                      of Warrants** | **Value                      of Options/ Warrants** |
|--------|-------------------------------------|-------------------------------------------|------------------------------------------|----------------------------------------------|--------------------------------------------------------|---------------------------------------|--------------------------------------------|---------------------------------------------|-----------------------------------------------------|

| Options                    issued for compensation                      | 05/08/06 |           |   |         |           |           | 125,000       |           | 14,768         |
|-------------------------------------------------------------------------|----------|----------------|--------|--------------|----------------|----------------|---------------|----------------|----------------|
| CS                    issued for investor relations                     | 05/30/06 | 5,000          | .10    | 50           | 450            | 500            |          |           |           |
| CS                    issued for convertible debt                       | 06/01/06 | 461,380        | .10    | 4,614        | 41,524         | 46,138         |          |           |           |
| Warrants                    for convertible debt                        | 06/13/06 |           |   |         |           |           |          | 9,225,000      | 322,568        |
| CS                    issued for services                               | 06/14/06 | 50,000         | .10    | 500          | 4,500          | 5,000          |          |           |           |
| CS                    issued for convertible debt                       | 06/15/06 | 326,577        | .10    | 3,265        | 29,392         | 32,657         |          |           |           |
| Options                    vested for officer and director compensation | 06/30/06 |           |   |         |           |           |          |           | 64,720         |
|                                                                    |     |           |   |         |           |           |          |           |           |
| **Balance                    at 6/30/06**                               |     | **47,298,827** |   | **$472,988** | **$8,950,611** | **$9,423,599** | **2,325,000** | **20,721,509** | **$2,164,703** |

|                                                                                                                                |   |  Number                of                Shares |      | WeightedAverage                Exercise                Price |   |
|-------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------------------------------|-----------|--------------------------------------------------------------|--------|
|                                                                                                                                |   |                                                 |      |                                                         |   |
| Outstanding                at October 1, 2005                                                                                       |   |                                                 | 2,200,000 |                                                         | $      | 0.37 |   |
| Granted                                                                                                                             |   |                                                 | 125,000   |                                                         |   | 0.26 |   |
| Exercised                                                                                                                           |   |                                                 | -         |                                                         |   | - |   |
| Expired                                                                                                                             |   |                                                 | -         |                                                         |   | - |   |
| Outstanding                at June 30, 2006                                                                                         |   |                                                 | 2,325,000 |                                                         | $      | 0.37 |   |
|                                                                                                                                |   |                                                 |      |                                                         |   |   |   |
| Options                exercisable at June 30, 2006                                                                                 |   |                                                 | 2,175,000 |                                                         | $      | 0.35 |   |
|  Weighted                average fair value of options granted at June 30, 2006                                                |   |                                                 |      |                                                         | $      | - |   |
|  Total                compensation costs related to non-vested stock options as of June                30,                2006 |   |                                                 |      |                                                         | $      | 20,040 |   |
|  Weighted                average period of nonvested stock options as of June 30,                2006                          |   |                                                 |      |                                                         |   | 12                months |   |

|  Number                  of Warrants  |      |  Strike                  Price  |   |   | Expiration                Date  |   |
|-------------------------------------------------|-----------|-------------------------------------------|--------|--------|--------------------------------------|--------|
|                                            | 7,954,761 |                                      | $      | 0.40   |                                 |   | 9/30/2006 |   |
|                                            | 150,000   |                                      | $      | 1.00   |                                 |   | 1/30/2007 |   |
|                                            | 520,000   |                                      | $      | 1.00   |                                 |   | 9/30/2007 |   |
|                                            | 113,413   |                                      | $      | 1.00   |                                 |   | 5/31/2007 |   |
|                                            | 1,733,333 |                                      | $      | 0.50   |                                 |   | 1/27/2010 |   |
|                                            | 825,002   |                                      | $      | 0.50   |                                 |   | 1/27/2010 |   |

----

**TREND              MINING COMPANY**

**(AN              EXPLORATION STAGE COMPANY)**

**NOTES              TO THE FINANCIAL STATEMENTS **

**JUNE              30, 2006**

----

|  Number                      of Warrants  |       |  Strike                      Price  |   |   | Expiration                    Date  |   |
|-----------------------------------------------------|------------|-----------------------------------------------|--------|--------|------------------------------------------|--------|
|                                                | 200,000    |                                          | $      | 0.50   |                                     |   | 3/22/2010 |   |
|                                                | 4,100,000  |                                          | $      | 0.17   |                                     |   | 06/13/2011 |   |
|                                                | 5,125,000  |                                          | $      | 0.25   |                                     |   | 06/13/2011 |   |
|                                                | 20,721,509 |                                          |   |   |                                     |   |   |   |

**NOTE      5 - RELATED PARTY TRANSACTIONS**

----

**TREND          MINING COMPANY**

**(AN          EXPLORATION STAGE COMPANY)**

**NOTES          TO THE FINANCIAL STATEMENTS **

**JUNE          30, 2006**

----

|                  Name         |   |   | Date       |   |   |  June                  30, 2006Amount  |     |
|------------------------------------|--------|--------|------------|--------|--------|--------------------------------------------------|----------|
| Electrum                  LLC      |   |   | 11/6/2000  |   |   | $                                                | 35,000   |   |
|                               |   |   | 12/4/2000  |   |   |                                             | 100,000  |   |
|                                    |   |   | 12/18/2000 |   |   |                                             | 50,000   |   |
|                               |   |   | 1/26/2001  |   |   |                                             | 50,000   |   |
|                               |   |   | 3/15/2001  |   |   |                                             | 50,000   |   |
|                               |   |   | 4/10/2001  |   |   |                                             | 50,000   |   |
|                               |   |   | 5/4/2001   |   |   |                                             | 50,000   |   |
|                               |   |   | 6/4/2001   |   |   |                                             | 50,000   |   |
|                               |   |   | 7/3/2001   |   |   |                                             | 85,000   |   |
|                               |   |   | 1/31/2002  |   |   |                                             | 150,000  |   |
|                               |   |   |       |   |   |                                             | 670,000  |   |
|                               |   |   |       |   |   |                                             |     |   |
| LCM                  Holdings, LLC |   |   | 10/26/2001 |   |   |                                             | 50,000   |   |
|                               |   |   | 11/1/2001  |   |   |                                             | 10,000   |   |
|                               |   |   | 11/15/2001 |   |   |                                             | 30,000   |   |
|                               |   |   | 11/28/2001 |   |   |                                             | 29,445   |   |
|                               |   |   | 5/7/2002   |   |   |                                             | 60,000   |   |
|                               |   |   | 5/22/2002  |   |   |                                             | 35,000   |   |
|                               |   |   | 6/14/2002  |   |   |                                             | 18,412   |   |
|                               |   |   |       |   |   |                                             | 232,857  |   |
|                               |   |   |       |   |   |                                             |     |   |
| Berger                             |   |   | 8/28/2001  |   |   |                                             | 90,000   |   |
|                               |   |   | 10/2/2001  |   |   |                                             | 10,000   |   |
|                               |   |   |       |   |   |                                             | 100,000  |   |
|                               |   |   |       |   |   |                                             |     |   |
| Buchanan                           |   |   | 1/8/2002   |   |   |                                             | 30,000   |   |
|                               |   |   |       |   |   |                                             |     |   |
| Loucks                             |   |   | 7/1/2005   |   |   |                                             | 100,000  |   |
|                               |   |   | 7/14/2005  |   |   |                                             | 50,000   |   |
|                               |   |   | 7/15/2005  |   |   |                                             | 300,000  |   |
|                               |   |   | 8/15/2005  |   |   |                                             | 150,000  |   |
|                               |   |   | 01/02/06   |   |   |                                             | -300,000 |   |
|                               |   |   | 05/30/06   |   |   |                                             | -100,000 |   |
|                               |   |   | 06/19/06   |   |   |                                             | -100,000 |   |

----

**TREND              MINING COMPANY**

**(AN              EXPLORATION STAGE COMPANY)**

**NOTES              TO THE FINANCIAL STATEMENTS **

**JUNE              30, 2006**

----

|                                                |   |   |     |   |   |   |      |
|-----------------------------------------------------|--------|--------|----------|--------|--------|--------|-----------|
|                                                |   |   |     |   |   |   | 100,000   |   |
|                                                |   |   |     |   |   |   |      |   |
| Wu                                                  |   |   | 08/15/05 |   |   |   | 31,000    |   |
|                                                |   |   | 10/26/05 |   |   |   | -31,000   |   |
|                                                |   |   |     |   |   |   | 0         |   |
|                                                |   |   |     |   |   |   |      |   |
| NW                  Exploration                     |   |   | 08/15/05 |   |   |   | 29,000    |   |
|                                                |   |   | 10/26/05 |   |   |   | -29,000   |   |
|                                                |   |   |     |   |   |   | 0         |   |
|                                                |   |   |     |   |   |   |      |   |
| Total                  notes payable - shareholders |   |   |     |   |   | $      | 1,132,857 |   |

----

**TREND          MINING COMPANY**

**(AN          EXPLORATION STAGE COMPANY)**

**NOTES          TO THE FINANCIAL STATEMENTS **

**JUNE          30, 2006**

----

**NOTE      6 - CONVERTIBLE DEBT**

**NOTE      7 - COMMITMENTS AND CONTINGENCIES**

----

**TREND          MINING COMPANY**

**(AN          EXPLORATION STAGE COMPANY)**

**NOTES          TO THE FINANCIAL STATEMENTS **

**JUNE          30, 2006**

----

**NOTE      8 - FORGIVENESS OF DEBT**

----

**ITEM      2. **
**MANAGEMENT’S      DISCUSSION AND ANALYSIS OR PLAN OF OPERATION. **

**FORWARD-LOOKING      STATEMENTS **

**General**

**Results      of Operations**

----

**Liquidity      and Capital Resources**

----

**Off-Balance      Sheet Arrangements**

**ITEM      3. **
**CONTROLS      AND PROCEDURES**

----

**PART      II - OTHER INFORMATION**

**ITEM      2. **
**UNREGISTERED      SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.**

**ITEM      4. **
**SUBMISSION      OF MATTERS TO A VOTE OF SECURITY HOLDERS.**

----

| Director                              |   | Votes                  For |   | Votes                  Withheld |
|---------------------------------------|--------|----------------------------|--------|---------------------------------|
| J.                  Michael Sharett   |   | 24,343,953                 |   | 142,700                         |
| Jeffrey                  Christianson |   | 24,456,453                 |   | 30,2000                         |
| Thomas                  Loucks        |   | 24,406,318                 |   | 80,335                          |
| John                  P. Ryan         |   | 24,393,918                 |   | 92,735                          |
| Ishiung                  J. Wu        |   | 24,456,453                 |   | 30,200                          |

| “For” |   | “Against” |   | “Abstain” |   | Broker                  Non-Votes |
|-------------------|--------|-----------------------|--------|-----------------------|--------|-----------------------------------|
| 6,302,864         |   | 70,150                |   | 148,229               |   | 0                                 |

**ITEM      6. EXHIBITS**

**Exhibit      **
**Description**

----

**SIGNATURES**

|                                    |                                                            |                                                |
|-----------------------------------------|-----------------------------------------------------------------|-----------------------------------------------------|
|                                    | **TREND              MINING COMPANY**                           |
|                               |                                                       |                                           |
| Date: August              18, 2006 | By:                                                   | /s/ Thomas              A.              Loucks |
|                                    | Thomas              A. Loucks                                   |
|                                    | President              and              Chief Executive Officer |
|                                    | (Principal Executive              Officer)                      |

|         |                                                            |                                                  |
|--------------|-----------------------------------------------------------------|-------------------------------------------------------|
|    |                                                       |                                             |
|         | By:                                                   | /s/ John              P.              Ryan  |
|         | John              P. Ryan                                       |
|         | Treasurer              and              Chief Financial Officer |
|         | (Principal Financial              Officer)                      |

----