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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                              _____________________


                                   FORM 10KSB


                    Under Section 12(b) or Section 12(g) of
                      The Securities Exchange Act of 1934
                  For the fiscal year ended September 30, 2002

                              TREND MINING COMPANY
                 (Name of Small Business Issuer in its Charter)

                 Delaware                                  81-0304651
     (State  or  Other  Jurisdiction  of               (I.R.S.  Employer
      Incorporation  or  Organization)                Identification  No.)


                              5968 Government Way
                          Dalton Gardens, Idaho  83815
                    (Address of principal executive office)

                    Issuer's telephone number:  (208) 773-2250


          Securities to be registered under Section 12(b) of the Act:

                                      None
                                (Title of Class)

          Securities to be registered under Section 12(g) of the Act:

                                      None
                                (Title of Class)

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Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding  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  [ x ]  No  [   ]

The number of shares outstanding at September 30, 2002: 22,588,435 shares


<PAGE>
PART  I

                        ITEM 1. DESCRIPTION OF BUSINESS

     Trend  Mining  Company,  first  was  incorporated  in  Montana in 1968, and
reincorporated  in  Delaware  in 2001. The Company is an exploration company and
has been engaged since 1998 in the acquisition and exploration of platinum group
metals  properties, primarily in the U.S. From 1968 through 1984, our activities
consisted  primarily  of  acquiring,  exploring  and  leasing  to  third parties
properties  with  silver  potential.  From  1984  to  late 1996, our company was
dormant.  We  are  an  exploration  stage  company, and our activities have been
limited to exploring and acquiring rights to explore properties which we believe
are  prospective  for  platinum  group  metals. We have identified and commenced
prospecting  efforts  in several areas in favorable geologic terrain in Wyoming,
Montana, Nevada, and Saskatchewan, Canada. There can be no assurance that any of
our  properties  contain a commercially viable ore body or reserves. None of our
properties  are  in  production, and consequently we have no operating income or
cash  flow.

     In  connection with our re-incorporation in Delaware we amended our charter
to  increase  the number of authorized shares of common stock from 30,000,000 to
100,000,000  shares, to authorize the issuance of 20,000,000 shares of preferred
stock  by  action of the Board of Directors without stockholder approval, and to
eliminate  cumulative  voting  for  directors.

     As  used  in  this  registration  statement,  "Trend Mining," "Trend," "our
company," "we" and "our" refer to Trend Mining Company.  Prior to February 1999,
our  corporate  name  was  Silver  Trend  Mining  Company.

     Six  metals  comprise  the  platinum  group  metals:  platinum,  palladium,
rhodium, iridium, ruthenium and osmium.  Platinum group metals are rare precious
metals  with  unique  physical  properties  that  are used in diverse industrial
applications  and  in the jewelry industry.  The largest and fastest growing use
for  platinum  group  metals is in the automotive industry for the production of


<PAGE>
catalysts  that  reduce  automobile  emissions.  Palladium  is  also used in the
production of electronic components for personal computers, cellular telephones,
facsimile  machines  and  other  devices,  as  well  as  dental applications and
jewelry.  Platinum's  largest  use is for jewelry.  Industrial uses for platinum
include  the  production  of  data  storage  disks,  glass, paints, nitric acid,
anti-cancer  drugs,  fiber  optic  cables, fertilizers, unleaded and high-octane
gasoline  and  fuel  cells.


EXPLORATION  PROPERTIES

     We  currently own or control nine platinum group metals mineral exploration
properties.  These  properties  are  tabulated  and  further  described  below.

<TABLE>
<CAPTION>
PROPERTY                  LOCATION        ACRES           DESCRIPTION
------------------  --------------------  ------  ----------------------------
<S>                 <C>                   <C>     <C>
Lake Owen           Wyoming               12,020    Layered PGE-Gold Intrusive
------------------  --------------------  ------  ----------------------------
Albany              Wyoming                  120              Marginal Contact
------------------  --------------------  ------  ----------------------------
Spruce Mountain     Wyoming                  840  PGE-Ni-Cu Dike, Hydrothermal
------------------  --------------------  ------  ----------------------------
Douglas Creek       Wyoming                  680  PGE-Ni-Cu Dike, Hydrothermal
------------------  --------------------  ------  ----------------------------
Keystone            Wyoming                2,420  PGE-Ni-Cu Dike, Hydrothermal
------------------  --------------------  ------  ----------------------------
McCormick Creek     Montana                  720                PGE-Ni-Cu Dike
------------------  --------------------  ------  ----------------------------
Green Mountain      Montana                  920                PGE-Ni-Cu Dike
------------------  --------------------  ------  ----------------------------
Hardrock Johnson    Nevada                   260                PGE-Ni-Cu Dike
------------------  --------------------  ------  ----------------------------
Peter Lake          Saskatchewan, Canada  78,568   Layered PGE-Ni-Cu Intrusive
------------------  --------------------  ------  ----------------------------
Total                                     96,548
------------------                        ------
</TABLE>


LAKE  OWEN,  WYOMING

     Location  and  Access.  The  Lake  Owen  platinum  group metals property is
located  in  Albany  County, Wyoming, in the Medicine Bow-Routt National Forest.
The  Lake  Owen property is approximately 40 miles southwest of Laramie, Wyoming
and  can  be  reached  by  paved  highways  and  gravel  roads.

     Land  Status.  In  July 1999, we entered into a three-year option agreement
with  General Minerals Corporation, owner of a block of unpatented mining claims
comprising a portion of the Lake Owen property, that gives us the option to earn
a  100%  interest  in  104 unpatented claims.  General Minerals acquired some of
these  unpatented  mining  claims  from Chevron Minerals in the early 1990s, and
subsequently  located  additional  claims.  Terms  of  that  agreement  (as
subsequently  amended)  included  the  following:

     -    To keep the option in effect, we were required to pay General Minerals
          a  total  of  $40,000  during  1999  and  2000.

     -    To  keep  the option in effect, we were obligated to incur exploration
          expenditures  of not less than $750,000 by July 27, 2002, with no less
          than  $150,000 in exploration expenditures being completed by July 27,
          2000.  The  expenditures  required  by  July  27, 2000 were completed.

     -    On  the  effective  date of the option agreement, we issued to General
          Minerals  715,996  shares  of  our  common  stock, and in May 2000, we
          issued  an  additional  129,938  shares to General Minerals, giving it
          approximately  25%  of  our  outstanding common stock at that time. We
          subsequently  issued  an additional 200,000 shares of our common stock
          and  warrants  exercisable  until  June 2002 to purchase an additional
          200,000  shares  of  common  stock  to General Minerals pursuant to an
          amendment  to  the option agreement, and have issued 416,961 shares to
          General  Minerals  upon  exercise of their preemptive rights under the
          original  option  agreement.  The  warrant  expired  unexercised.

     -    On  February  11, 2002 General Minerals sold its remaining interest in
          the  Lake  Owen  Option  Agreement  to  a  group of private investors.
          However,  General  Minerals  did  retain  its  royalty interest in the
          property, which is dependant upon and linked to the royalty originally
          reserved  by  Chevron  Minerals.  Subsequently, on March 15, 2002, the
          Company exercised its option to acquire 100% of the Lake Owen property
          by issuing to the private investors referred to above 1,100,000 shares
          of  the  restricted  common  stock  of  the Company. These shares were
          issued in lieu of making any further work commitments on the property.
          Thus,  this  transaction  eliminated the requirement of the Company to
          make  any  further  mandatory cash work commitments in order to retain
          the  property.  Lake  Owen is now 100% owned by the Company subject to
          the  superior  title  of  the  United  States.

     We  located an additional 497 unpatented mining claims in an agreed area of
interest  near  the  Lake  Owen  property  in  the  first  half of 2000.  We are
obligated  to  pay  to  Chevron  Minerals  or  General Minerals a 4% net profits
interest with respect to these claims and any other claims we acquire in an area
of  interest.

     Exploration  History.  Chevron Minerals initiated geological reconnaissance
exploration  at  Lake  Owen  in  1982,  which included detailed surface geologic
mapping,  geochemical sampling, and geophysical surveys.  Chevron Minerals later
completed  thirteen diamond-drill holes totaling approximately 5,200 feet in the
1980s  and  early  1990s.  Drilling  consisted of relatively shallow angle holes
generally less than 250 feet in vertical depth, and encountered several zones of
encouraging  platinum  group  metal  mineralization.

     Exploration  Plans.  The exploration program for the Lake Owen property has
been  divided  into  three  phases  that  we  currently  plan  to conduct over a
three-year period, which began in March 2000.  In phase one, we plan to focus on
the  evaluation  of existing geologic data generated by Chevron Minerals, and on
geologic  logging and assaying of existing drill core.  Phase two is expected to
involve  continued  field  exploration,  including geologic mapping, geochemical
sampling,  and  geophysical  surveys  to  define drill targets.  We expect phase
three  to  consist  of  a  diamond drilling program intended to better delineate
known  precious  metal  anomalies  and  to  include exploration for new zones of
higher-grade  platinum  group  metals  mineralization.

     Geology  and  Mineralization.  The  Lake  Owen  property  is  a
platinum-gold-palladium  occurrence  hosted  in  an  extensive  layered  igneous
intrusive  complex  with a lateral dimension of approximately four by six miles.
The  complex is about 1.4 billion years old and occurs as a steeply dipping body
of  rock  along  the  margin  of  the  Archean  Wyoming  Province.  The  exposed
stratigraphic  thickness  of  these  rock  units  is  approximately 20,000 feet.

     Four  separate zones of anomalous platinum group metals mineralization have
been  identified  at  Lake  Owen.  The  upper zone has been traced for about six
miles along strike.  The middle zone is about 1,500 feet stratigraphically below
the  upper  zone,  while  the  lower  zone  is situated approximately 5,500 feet
stratigraphically below the upper zone.  Surface geochemical sampling identified
one  additional platinum group metal zone, although the outcrop exposure in this
fourth  zone  is limited and the extent of the anomaly has not yet been defined.

     Drill  intercepts  encountered  to  date  at the Lake Owen property contain
encouraging  mineralization  of  combined  platinum  group metals and gold.  The
majority  of the platinum group metals mineralization encountered in the Chevron
Minerals  drilling  program  remains  untested  along  both  strike  and  dip.


<PAGE>
ALBANY,  WYOMING

     Location  and  Access.  The  Albany  platinum group metals property is also
located in southwest Albany County, Wyoming, approximately 35 miles southwest of
Laramie  in  the  Medicine  Bow-Routt  National  Forest.  The Albany property is
accessible  by  an  unimproved  dirt  road.

     Land  Status.  We  located  six  unpatented  mining  claims in this area in
mid-1999  and  own  a  100%  interest  in  the  claim  block.

     Exploration  History.  Minor exploration for platinum group metals has been
conducted  previously  in  the  Albany  property area.  We have no specific data
regarding  previous  exploration  activities  or  results.

     Geology  and  Mineralization.  The  Albany  property  is  a
platinum-palladium-rhodium  occurrence  hosted  along the contact of mafic dikes
and a granite stock on the northern edge of a large iron-magnesium-rich complex.
Our  limited geochemical sampling program conducted in 1999 returned encouraging
platinum  group  metal  values.


SPRUCE  MOUNTAIN,  WYOMING

     Location and Access.  The Spruce Mountain platinum group metals property is
located  in  Albany  County, Wyoming, in the Medicine Bow-Routt National Forest.
The  Spruce  Mountain  property  is approximately 35 miles southwest of Laramie,
Wyoming  and  can  be  reached  by  paved  highways  and  gravel  roads.

     Land  Status.  We  have  staked 42 unpatented mining claims in this area in
mid-2000  and  own  a  100%  interest  in  the  claim  block.

     Exploration  History.  Spruce  Mountain  is  situated  near  our  Lake Owen
property  and  the northwestern margin of the Lake Owen layered ultramafic/mafic
intrusive  complex  and  is  surrounded  to  the  north  by  the New Rambler and
Centennial  West  platinum group metals districts, and to the west by the Mullen
Creek  layered  ultramafic/mafic  intrusion.  Historically, exploration has been
conducted in the region for gold, silver, base metals and platinum group metals.

     Geology  and  Mineralization.  Our  claims  are located on a platinum group
metals  occurrence  within  mafic  intrusives  along an interpreted northwest to
east-west  trending  structural  zone.  The  area  is  characterized  by intense
shearing and hydrothermal alteration, which apparently concentrated the platinum
group  metals  that  were  present  in  the  surrounding  mafic  host  rocks.


DOUGLAS  CREEK,  WYOMING

     Location  and  Access.     The Douglas Creek platinum group metals property
is located in Albany County, Wyoming, in the Medicine Bow-Routt National Forest.
The  Douglas  Creek  property  is  approximately  35 miles southwest of Laramie,
Wyoming  and  can  be  reached  by  unimproved  roads.

     Land  Status.     We  staked  34  unpatented  mining claims in this area in
October  2000  and  own  a  100%  interest  in  the  claim  block.

     Exploration  History.     Exploration  has  occurred  throughout  this area
historically,  and  minor  gold  and  platinum  group  metals  placer mining has
occurred  in  several  drainages  in  the  area.

     Geology  and  Mineralization.     Mafic,  ultramafic  and metamorphic rocks
overlie  and host several known hydrothermal platinum group metal occurrences in
dikes, veins and shear zones.  Placer gold and platinum group metals are present
in  several  streams  that  drain  the  area.


KEYSTONE,  WYOMING

     Location  and  Access.     The  Keystone  platinum group metals property is
located  in  Albany  County, Wyoming, in the Medicine Bow-Routt National Forest.
The  Keystone  property  is approximately 35 miles southwest of Laramie, Wyoming
and  can  be  reached  by  unimproved  roads.

     Land  Status.     We  staked  121  unpatented mining claims in this area in
October  2000  and  own  a  100%  interest  in  the  claim  block.

     Exploration  History.     Exploration  has  occurred  throughout  this area
historically,  and  minor gold and platinum group metals placer mining has taken
place  in  drainages  in  the  area.

     Geology  and  Mineralization.     Our  claims  are  located  on the eastern
portion  of  the  Mullen  Creek  layered  intrusive  complex,  which consists of
strongly  deformed  and  metamorphosed  mafic and ultramafic rocks.  The area is
situated  on  the  southwest  portion  of  the  New  Rambler  mining  district.


<PAGE>
MCCORMICK  CREEK,  MONTANA

     Location and Access.  The McCormick Creek platinum group metals property is
located  in northwest Missoula County, Montana, approximately 34 miles northwest
of  Missoula.  McCormick  Creek  can  be  reached  by public highways and access
roads,  and  an  unimproved  dirt  road.

     Land Status.  We located 36 unpatented mining claims in the McCormick Creek
area  in  2000  and  own  a  100%  interest  in  the  claim  block.

     Exploration  History.  The  history of mineral exploration in the McCormick
Creek  area  is  currently  unknown.

     Geology  and  Mineralization.  The  McCormick  Creek  property  is  a
platinum-palladium-gold  occurrence hosted in a mafic dike that intruded altered
sediments  of the Burke Formation, which is the lowermost section of the Ravalli
Group within the Belt Supergroup. The dike at McCormick Creek is one of a series
of  sub-parallel,  repetitious  mafic dikes that intruded the Ravalli quartzites
throughout  the  region.

     The mafic dike that occurs on our property is located due south of the past
producing  Green  Mountain  copper-gold-platinum  mine, which is situated on the
Flathead  Indian Reservation. The mafic dike is possibly similar to, or possibly
an  extension  of, the Green Mountain dike. The dike may be geologically similar
with  respect  to  primary  sulfide mineralogy and associated platinum group and
precious  metal  mineralization.

GREEN  MOUNTAIN  LEASES,  MONTANA

Location and Access.  The Green Mountain Leases platinum group metals properties
are located in Sanders County, Montana. The properties are located approximately
50 miles northwest of Missoula. The properties can be reached by public highways
and  access  roads,  as  well  as  unimproved  dirt  roads.

Land  Status.  -  Trend  Mining Company controls a 100% interest in four mineral
leases  covering  a  total  of 920 acres that are located on a PGE-bearing mafic
dike  or  sill  in  Missoula  County,  Montana.

Exploration  History  - Although the area has been explored for copper and other
base  metals  by  various  parties  in  the  past, no systematic exploration for
platinum  group  elements  has  been undertaken on these properties. No evidence
of  previous  PGE  exploration  was  observed  within  the  claim block, nor has
any  exploration-related  information  been  found  during  literature research.

Geology  and  Mineralization  -  The  mafic dikes and/or sills that occur on the
Montana  State  Leases  are located along the strike of the Green Mountain dike,
both east and west of the past producing Green Mountain PGE-Cu-Au mine, which is
situated  on  the  Flathead  Indian  Reservation. The mafic rocks in this region
intrude  Proterozoic age Burke Formation sediments and appear to be geologically
similar  to,  or  an  extension  of  the Green Mountain dike, which has produced
significant  amounts of PGE's in the past. Surface geochemical samples collected
by  Trend  along  the  mafic  dike  returned  encouraging  PGE  values.

The  Green  Mountain  Leases  are  situated  in  one  of  the  most  prospective
PGE-bearing  districts  in  North America. The properties have potential to host
high-grade,  economic  hydrothermal  PGE  mineralization  within this mafic dike
similar  to  the  past  producing  Green  Mountain  mine.


HARD  ROCK  JOHNSON,  NEVADA

     Location  and  Access. The Hard Rock Johnson platinum group metals property
is  located  on  Bureau  of  Land  Management  land  in  Clark  County,  Nevada,
approximately  25  miles  southwest  of  the  town  of Mesquite. The property is
accessible  by  a  gravel  road.

     Land  Status.  We  located 13 unpatented mining claims in this area in 1999
and  early  2000  and  own  a  100%  interest  in  the  claim  block.

     Exploration  History.  The  Hard Rock Johnson property is located along the
northern  flank  of  the  Virgin  Mountains within the Bunkerville (Copper King)
Mining  District.  Two  principal copper and precious metals mines, the Key West
and Great Eastern, have been worked sporadically from the 1890s, when copper was
discovered  in  the  area.  A  third  party  currently controls the 140 acres of
patented  land  and eight unpatented lode claims that encompass the Key West and
Great Eastern mines, adjoining our mining claims. Our claims cover the on-strike
extension  of  the  mineralized  zone  to  the  northeast.

     Geology  and  Mineralization.  The  Hard  Rock  Johnson property is located
within  the  historic  Bunkerville  Mining  district,  which  produced platinum,
palladium,  gold, silver, copper, lead, nickel, tungsten and cobalt.  The claims
are  situated  within  a  northeast-trending  belt  of gneiss and schist that is
crosscut  by  fault  zones  and  intruded  by  irregular,  coarse grained dikes.
Precious  and  base  metal  mineralization  is  hosted  within  dikes that occur
throughout  the  project  area.


<PAGE>
     The zone of mineralization is over 2,000 feet wide and extends at least two
miles  in  strike  length  along a north 70 degrees east structural zone that is
parallel to the regional metamorphic foliation.  The primary sulfides associated
with  platinum group metals are chalcopyrite, pyrite, pyrrhotite, and magnetite,
which  occur as disseminated grains and pods throughout the dikes.  Platinum and
nickel  are  most  likely  associated  with  magmatic  pyrite.

PETER LAKE, SASKATCHEWAN, CANADA

     Location  and  Access.  The  Peter  Lake  platinum  group  metals property,
formerly  named  Reindeer  Lake,  is  located  near  Peter  Lake  in  northern
Saskatchewan, Canada, approximately 190 air miles north/northeast from La Ronge,
Saskatchewan.  The  property  is  accessible  only  by  airplane  or helicopter.

     Land  Status.  The  Peter  Lake property consists of six mining claim units
covering  approximately  32,000  hectares,  or 78,500 acres, or about 122 square
miles.  We  own  100%  of  the  mining  claim  units. The Company is required to
complete  twelve  dollars(Canadian)per  hectare  of  exploration  work  on  the
properties  by  December,  2004  to  keep  the  property  in  good  standing.

     Exploration  History. The Peter Lake claims are a portion of the Peter Lake
intrusive  complex.  In  1982,  exploration  geologists  discovered platinum and
palladium-bearing  sulfides  in  this  area.  During  the  mid-1980s, additional
exploration  revealed  that  the  lower  gabbroic  sequence  contained
platinum-palladium-copper-nickel  occurrences  spread  over  a  strike length of
approximately  81  miles. Additional exploration work was completed this year in
the  area  by  another  company.

     Geology  and  Mineralization.  The Peter Lake complex, with a length of 180
kilometers (approximately 112 miles) and a width of 30 kilometers (approximately
19 miles), is one of the largest layered complexes in the world.  The Peter Lake
complex  represents  reef  type  platinum  group  metals mineralization that has
undergone  some  metamorphism  and  hydrothermal  remobilization.

     Two  types  of  mineralization  are  present in the Archean aged Peter Lake
layered  complex.  The  lowermost  sequence of the complex consists of primarily
cumulate  layering  of  anorthosite and pyroxenite with sulfides concentrated at
the  lithological  boundaries.  Metamorphism has altered pyroxenes to amphiboles
and  obliterated  much  of  the  layering.  The  thickness  of  this  zone  is
approximately  2  kilometers.  An  upper  sequence  separated  by a gneissic and
granitic  zone  shows,  in  its basal part, textures that include marginal mixed
magma  textures, inclusion breccia zones and plagioclase-hornblende veinlets, as
well  as  hosting  ultramafic and mafic dikes. The upper sequence has a width of
over  1.5  kilometers.


OTHER  PROPERTY  DISCLOSURES


     -   In  July  2001, we sold 15 unpatented mining claims in Kootenai County,
         Idaho,  comprising  the  Silver  Strand  property  to New Jersey Mining
         Company  in  exchange  for  50,000 shares of its common stock valued at
         $5,000  and  its commitment to spend a total of $200,000 on exploration
         of  the  property  over  the  three year period ending in July 2003. We
         also  retained a 1.5% net smelter return production royalty, decreasing
         to  0.5%  once  we  have  received  payments  totaling  $50,000, on the
         production  of  minerals  from  the  Silver Strand property. During the
         three  year  period, we may reacquire the property if New Jersey Mining
         Company  does  not  complete  the  required  expenditures or chooses to
         terminate  the  purchase  agreement. Kurt Hoffman, our President, Chief
         Executive  Officer  and  a  director,  was  formerly  a director of New
         Jersey  Mining  Company.  Mr. Hoffman resigned from New Jersey in July,
         2001.  Fred  Brackebusch,  the President, Treasurer, and a director and
         majority  owner  of New Jersey Mining Company, was one of our directors
         until  March  2001.


<PAGE>
     -    In  November,  2001  we  sold  the  Pyramid  property,  an exploration
          property  consisting  of  five  unpatented  mining claims in Churchill
          County,  Nevada,  to  Calumet Mining Company, a related party. Calumet
          Mining Company is a related party by virtue of the fact that Mr. Ryan,
          our  Chief Financial Officer and a Director of the Company, is also an
          Officer  and  Director  of Calumet. Further, Thomas Mancuso, our Chief
          Operating Officer, is a consultant to and major shareholder of Calumet
          Mining  Company.  The  Pyramid property was sold to Calumet for 50,000
          shares  of  the  common  stock  of Calumet. The Company retained a net
          smelter return royalty in the property should the Pyramid be placed in
          production  in  the  future.  This transaction is not an "arms-length"
          transaction  by  virtue  of  the  related  character  of  the parties.
          Therefore, the consideration paid for the Pyramid may be considered as
          being  totally  arbitrary  and  not  the  product  of  substantial
          negotiation.  In  August,  2002 Calumet Mining Company was acquired by
          Western  Goldfields,  Inc. in a share exchange at the rate of 2 shares
          of  Calumet  for  each  one share of Western. As a result, the Company
          currently  holds  25,000  shares  of  Western  Goldfields,  Inc.

     -    During  the  year  ended September 30, 1998, we purchased, through the
          issuance  of  150,000 shares of common stock, the Rae Wallace Company,
          which  owned  four  patented  mining  claims  located  just  north  of
          Anchorage,  Alaska.  In  May  1999, we sold the Rae-Wallace Company to
          another  exploration  company  for  $20,000  and  retained  a 2.5% net
          smelter  return  production royalty on the production of minerals from
          the  property.


OUR  EXPLORATION  PROCESS

     Our  exploration  program  is  designed  to  acquire,  explore and evaluate
exploration properties in an economically efficient manner.  We have not at this
time  identified  or delineated any platinum group metals reserves on any of our
properties.

     Our  current  focus  is  primarily  on  the  evaluation  of our exploration
properties,  particularly  the  Lake  Owen and Peter Lake properties on which we
have  chosen  to  focus.  As  indicated  above,  we  have  formulated  specific
exploration plans for our Lake Owen property, however, nothing specific has been
formulated for Peter Lake at the date of this report. Depending on the amount of
funds  we  have available, we may also conduct work in fiscal year 2003 on other
of  our  portfolio  properties.

     We  expect our exploration work on a given property to proceed generally in
three  phases.  Our  first phase typically begins with research of the available
geologic  literature,  as  well  as  personal interviews with geologists, mining
engineers  and  others  familiar  with the prospect sites.  When the research is
completed,  we  augment  this  initial  work  with geologic mapping, geophysical
testing  and  geochemical  testing  of  our  claims.  We  examine  any  existing
workings, such as trenches, prospect pits, shafts or tunnels.  If we identify an
apparent  mineralized zone and are able to narrow it down to a specific area, we
begin  trenching  the  area.  Trenches  are  generally approximately 150 feet in
length  and  10  to  20  feet  wide.  These  dimensions  allow  for  a  thorough
examination  of  the surface of the vein structure types that we would expect to
encounter  at  our  properties.  They  also  allow  for  efficient  reclamation,
re-contouring and re-seeding of disturbed areas.  Once excavation of a trench is
completed,  samples  are  taken and analyzed for economically potential minerals
that are known to have occurred in the area in question.  Careful interpretation
of the data collected from the various tests assists us in determining whether a
prospect  has  current  economic  potential  and  whether further exploration is
warranted.


<PAGE>
     Subject  to  obtaining  the necessary permits in a timely manner, the first
phase  can typically be completed on an individual property in several months at
a  cost of less than $300,000.  We have completed research on and examination of
each  of  our  properties,  and  have  commenced  sampling  on  our  Lake  Owen,
Albany  and  McCormick  Creek  properties.

     Our  second  phase  would involve an initial examination of the underground
characteristics  of  mineralization  that  has been identified at any particular
property  during  the  first  phase  of  the exploration program.  This phase is
intended to identify any mineral deposits of potential economic importance.  The
methods  employed  would  include:

     -    more  detailed  geologic  mapping;
     -    more  advanced  geochemical  and  geophysical  surveys;
     -    more  extensive  trenching;  and
     -    exploration  drilling.

     Subject  to  obtaining the necessary permits in a timely manner, the second
phase can typically be completed on an individual property in six to nine months
at  a  cost  of  less  than  $1 million.  None of our properties has reached the
second  phase.

     Our  third phase would be aimed at precisely defining depth, width, length,
tonnage  and  value  per  ton of any deposit that has been identified.  We would
accomplish  this  through  development  drilling,  metallurgical  testing,  and
obtaining  other  pertinent  technical  information  required  to  define an ore
reserve  and  complete  a  feasibility  study.  Depending upon the nature of the
particular  deposit, the third phase on any one property could take 1 to 5 years
or  more  and  cost  up  to  $20,000,000  or  more.

     We  intend  to  explore  and develop our properties ourselves, although our
plans  could change depending on the terms and availability of financing and the
terms  or  merits  of  any  joint  venture  proposals.

                            ENVIRONMENTAL  COMPLIANCE

     Our  primary  cost  of  complying with applicable environmental laws during
exploration is likely to arise in connection with the reclamation of drill holes
and  access  roads.  Drill  holes  typically can be reclaimed for nominal costs,
although  the  Bureau  of  Land  Management  recently  promulgated  new  surface
management regulations which may significantly increase those costs on Bureau of
Land  Management  lands.  Access  road  reclamation  may  cost  up to $50,000 to
$100,000  if  roadbuilding  has  been  done,  and  those costs too are likely to
increase  as  the result of the new Bureau of Land Management regulations. As we
are  currently  in  the  exploration stage on all of our properties, reclamation
costs  have  not  yet  been  incurred.

                                    EMPLOYEES

     Currently, we have three employees. Two of the employees are full-time, and
one  is  part-time.


<PAGE>
                                  RISK  FACTORS

     An  investment  in  Trend Mining involves a high degree of risk.  Investors
and  prospective investors should consider carefully the following risk factors,
in  addition  to  all  of  the other information in this registration statement.

NO  PRODUCTION  HISTORY  SINCE  THE 1980S - WE HAVE NOT MINED ANY PLATINUM GROUP
METALS.

     While we were incorporated in 1968, our company has no history of producing
platinum  group  metals.  We  have  not  developed  or operated a mine since the
1980s,  and  we have no operating history upon which an evaluation of our future
success  or failure can be made.  Our ability to achieve and maintain profitable
mining  operations  is  dependent  upon  a  number  of  factors,  including:

     -    our  ability  to locate an economically feasible mineral property; and
     -    our ability to successfully build and operate mines, processing plants
          and  related  infrastructure.

     We  are  subject  to  all the risks associated with establishing new mining
operations  and  business  enterprises.  There  can be no assurance that we will
successfully establish mining operations or profitably produce platinum group or
other  metals  at  any  of  our  properties.

HISTORY  OF  LOSSES  -  WE  EXPECT LOSSES TO CONTINUE FOR AT LEAST THE NEXT FIVE
YEARS.

     As  an  exploration  company that has no recent production history, we have
incurred  losses  since  the  inception of our current exploration activities in
1998.  We  expect  to  continue to incur additional losses for at least the next
five  years  due  to  expenses  associated  with  the  research, exploration and
development  of  our  mineral  properties.  As  of September 30, 2002, we had an
accumulated  deficit  during  our exploration stage of approximately $7,756,602,
and  a pre-exploration stage deficit of $558,504. There can be no assurance that
we  will  achieve  or  sustain  profitability  in  the  future.


<PAGE>
WE ARE SUBJECT TO ALL OF THE RISKS INHERENT IN THE MINING INDUSTRY.

     As  an  exploration  stage  company,  our  work  is  highly speculative and
involves  unique  and  greater  risks  than  are generally associated with other
businesses.  There  can  be  no  assurance  that any of our properties contain a
commercially  viable  ore  body or reserves until additional exploration work is
done  and  an  evaluation  based  on such work concludes that development of and
production  from the ore body is technically, economically and legally feasible.
We  are  subject to all of the risks inherent in the mining industry, including,
without  limitation,  the  following  (some  of  which we discuss in more detail
below):

     -    Success  in  discovering and developing commercially viable quantities
          of  minerals  is  the  result  of  a  number of factors, including the
          quality  of  management,  the  interpretation  of geological data, the
          level  of  geological  and technical expertise and the quality of land
          available  for  exploration;

     -    Exploration  for  minerals  is  highly  speculative  and  involves
          substantial  risks, even when conducted on properties known to contain
          significant  quantities  of  mineralization,  and  most  exploration
          projects  do  not  result  in  the  discovery of commercially mineable
          deposits  of  ore;

     -    Operations  are  subject to a variety of existing laws and regulations
          relating to exploration and development, permitting procedures, safety
          precautions, property reclamation, employee health and safety, air and
          water  quality standards, pollution and other environmental protection
          controls,  all  of  which  are subject to change and are becoming more
          stringent  and  costly  to  comply  with;

     -    A  large  number of factors beyond our control, including fluctuations
          in  metal  prices  and  production costs, inflation, the proximity and
          liquidity  of  precious  metals  markets  and  processing  equipment,
          government  regulations,  including  regulations  relating  to prices,
          taxes,  royalties,  land  tenure, land use, importing and exporting of
          minerals  and environmental protection, and other economic conditions,
          will  affect  the  economic  feasibility  of  mining;

     -    Once  mineralization is discovered, it may take several years from the
          initial  phases of drilling until production is possible, during which
          time  the  economic  feasibility  of  production  may  change;


<PAGE>
     -    Substantial expenditures are required to establish proven and probable
          ore reserves through drilling, to determine metallurgical processes to
          extract the metals from the ore and, in the case of new properties, to
          construct  mining  and  processing  facilities;  and

     -    If  we  proceed  to  development  of  a  mining  operation, our mining
          activities  would  be  subject  to  substantial  operating  risks  and
          hazards,  including  metal  bullion  losses,  environmental  hazards,
          industrial  accidents,  labor  disputes,  encountering  unusual  or
          unexpected  geologic formations or other geological or grade problems,
          encountering  unanticipated  ground  or  water  conditions,  cave-ins,
          pit-wall failures, flooding, rock falls, periodic interruptions due to
          inclement weather conditions or other unfavorable operating conditions
          and  other  acts  of  God.  Some  of  these  risks and hazards are not
          insurable or may be subject to exclusion or limitation in any coverage
          which  we obtain or may not be insured due to economic considerations.

OUR  ACTIVITIES  ARE  SUBJECT  TO  ENVIRONMENTAL  LAWS AND REGULATIONS WHICH MAY
MATERIALLY  AFFECT  OUR  FUTURE  OPERATIONS.

     We,  like  other  exploration companies doing business in the United States
and  Canada,  are  subject  to a variety of federal, provincial, state and local
statutes,  rules  and  regulations  designed:

     -    to protect the environment, including the quality of the air and water
          in  the  vicinity  of  exploration, development and mining operations;

     -    to  remediate  the  environmental  impacts  of  those  exploration,
          development  and  mining  operations;

     -    to  protect  and  preserve  wetlands  and  endangered  species;  and

     -    to  mitigate  negative  impacts  on certain archeological and cultural
          sites.

     We  are  required  to  obtain  various  governmental  permits  to  conduct
exploration  at  our properties. Obtaining the necessary governmental permits is
often  a  complex and time-consuming process involving numerous U.S. or Canadian
federal,  provincial, state and local agencies. The duration and success of each
permitting  effort are contingent upon many variables not within our control. In
the  context of permitting, including the approval of reclamation plans, we must
comply  with  known  standards,  existing  laws  and regulations that may entail
greater or lesser costs and delays depending on the nature of the activity to be
permitted  and the interpretation of the laws and regulations implemented by the
permitting  authority. Currently, three or four months are generally required to
obtain  the  necessary  permits  required  to  conduct  small-scale  drilling
operations.  New surface management regulations recently finalized by the Bureau
of Land Management will increase this period on Bureau of Land Management lands.
The failure to obtain certain permits, the adoption of more stringent permitting
requirements  or  the imposition of extensive conditions upon the implementation
of  certain  permits  could  have  a  material  adverse  effect on our business,
operations  and  prospects.


<PAGE>
     Federal  legislation  and implementing regulations adopted and administered
by  the  U.S.  Environmental  Protection  Agency, Forest Service, Bureau of Land
Management,  Fish and Wildlife Service, Army Corps of Engineers, Mine Safety and
Health  Administration,  and other federal agencies, and legislation such as the
federal  Clean  Water  Act,  Clean  Air  Act, National Environmental Policy Act,
Endangered  Species  Act  and Comprehensive Environmental Response, Compensation
and  Liability  Act,  have a direct bearing on U.S. exploration, development and
mining  operations.  For  example,  on  November  20,  2000  the  Bureau of Land
Management finalized new surface management regulations applicable to activities
and  operations  on  unpatented  mining  claims.  Those  new  regulations  make
small-scale  (disturbing  less  than  5 acres of surface) exploration activities
more  expensive,  by  requiring bonding in the amount of 100% of the anticipated
reclamation  costs.  Larger-scale  exploration activities (disturbing 5 acres of
surface  or more) would require the preparation and approval of a formal plan of
operations.  The  enactment  of  these new regulations will make the process for
preparing  and  obtaining  approval  of  a  plan  of  operations  much more time
consuming, expensive, and uncertain.  New plans of operation will be required to
(i)  include  detailed  baseline  environmental  information,  (ii)  address how
detailed  reclamation  performance  standards  will be met, (iii) go through the
environmental  assessment  or  impact  process  required  under  the  National
Environmental  Policy  Act  (which  could  cost  $80,000 or more per large-scale
exploration  program),  and (iv) go through a 30-day public comment period prior
to  approval.  In  addition,  all  activities  for  which plans of operation are
required  will  be  subject  to  a  new standard of review by the Bureau of Land
Management,  which  must  make  a  finding  that  the  conditions,  practices or
activities  do not cause substantial irreparable harm to significant scientific,
cultural, or environmental resource values that cannot be effectively mitigated.
This  standard  has never before been applied to activities involving unpatented
mining  claims  on  public  lands.  Due  to  the  uncertainties  inherent in the
permitting  process,  and  particularly  as a result of the enactment of the new
regulations, we cannot be certain that we will be able to timely obtain required
approvals  for  proposed activities at any of our properties in a timely manner,
or  that  our  proposed  activities  will  be  allowed  at  all.

     These federal initiatives are often administered and enforced through state
agencies operating under parallel state statutes and regulations.  Although some
mines  continue to be approved for development in the United States, the process
is  increasingly  cumbersome,  time-consuming,  and  expensive, and the cost and
uncertainty  associated with the permitting process could have a material effect
on  exploring,  developing  or  mining  our properties.  We expect that laws and
regulations  designed  to  minimize  the  impact of exploration, development and
mining  activities  on  the  environment and human health and safety will likely
have  a  similar  effect  on  any  activities  we  undertake  in  Canada.

     Compliance  with  statutory  environmental  quality  requirements described
above  may require significant capital outlays, significantly affect our earning
power,  or  cause material changes in our intended activities.  No assurance can
be  given that environmental standards imposed by either federal, state or local
governments will not be changed or become more stringent, which could materially
and  adversely  affect  our  proposed  activities.


<PAGE>
TITLE TO OUR MINERAL PROPERTIES MAY BE DEFECTIVE AND MAY BE CHALLENGED.

     Our  interests  in  our  properties located in the United States are in the
form  of  unpatented mining claims. Unpatented mining claims are unique property
interests,  in that they are subject to the paramount title of the United States
of  America  and  rights  of third parties to certain uses of the surface and to
non-locatable  minerals within their boundaries, and are generally considered to
be  subject  to  greater  title  risk  than  other  real property interests. The
validity  of  all  unpatented  mining  claims  is  dependent  upon  inherent
uncertainties  and  conditions.  These  uncertainties relate to matters such as:

     -    The  existence  and  sufficiency  of a discovery of valuable minerals,
          required  under  the  U.S. 1872 Mining Law to establish and maintain a
          valid  unpatented  mining  claim;

     -    Proper  posting  and marking of boundaries in accordance with the 1872
          Mining  Law  and  applicable  state  statutes;

     -    Whether  the  minerals  discovered  were  properly locatable as a lode
          claim  or  a  placer  claim;

     -    Whether sufficient annual assessment work has been timely and properly
          performed;  and

     -    Possible  conflicts  with  other  claims  not  determinable  from
          descriptions  of  record.

     The validity of an unpatented mining claim also depends on the claim having
been  located  on  unappropriated  federal land open to appropriation by mineral
location,  compliance  with the 1872 Mining Law and applicable state statutes in
terms  of  the contents of claim location notices or certificates and the timely
filing and recording of the same, and timely payment of annual claim maintenance
fees  (and  the  timely  filing and recording of proof of such payment).  In the
absence of a discovery of valuable minerals, the ground covered by an unpatented
mining  claim  is  open  to  location  by  others  unless the owner is in actual
possession  of and diligently working the claim.  There can be no assurance that
the  unpatented  mining  claims we own or control are valid or that the title to
those  claims  is  free  from  defects.  There also can be no assurance that the
validity  of  our  claims  will  not  be  contested by the federal government or
challenged  by  third  parties.


<PAGE>
LEGISLATIVE  AND  ADMINISTRATIVE  CHANGES  TO  THE  MINING LAWS COULD MATERIALLY
ADVERSELY  AFFECT  OUR  FUTURE  EXPLORATION,  DEVELOPMENT  OR MINING ACTIVITIES.

     New  laws  and  regulations,  amendments  to existing laws and regulations,
administrative  interpretation  of  existing  laws  and  regulations,  or  more
stringent  enforcement  of  existing laws and regulations, could have a material
adverse  impact  on  our  ability to conduct exploration, development and mining
activities.  For  example,  during the 1999 legislative session, legislation was
considered in the U. S. Congress which proposed a number of modifications to the
Mining  Law  of  1872,  which governs the location and maintenance of unpatented
mining claims and related activities on federal land.  Among these modifications
were  proposals which would have imposed a royalty on production from unpatented
mining  claims,  increased  the cost of holding and maintaining such claims, and
imposed  more  specific reclamation requirements and standards for operations on
such  claims.  None  of  these proposed modifications was enacted into law.  The
same  or  similar  proposals  may  be considered by Congress this year or in the
future.  In  addition,  as  discussed  above, on November 20, 2000 the Bureau of
Land  Management  finalized  revised  federal  regulations  which govern surface
activities  (including  reclamation  and  financial  assurance  requirements) on
unpatented  mining  claims (other than those located in a National Forest, which
are  governed by separate, but similarly stringent, Forest Service regulations).
Those regulations are more stringent than current regulations, and may result in
a  more  detailed  analysis  of  and more challenges to the validity of existing
mining  claims,  will impose more complex permitting requirements earlier in the
exploration  process,  and will be more costly and time-consuming to comply with
than  existing  regulations.

USE  OF  THE  SURFACE  OF  OUR UNPATENTED MINING CLAIMS IS SUBJECT TO REGULATION
WHICH  COULD  MATERIALLY  ADVERSELY  AFFECT  OUR  ACTIVITIES.

     Any  activities  we  conduct on the surface of our unpatented mining claims
are  subject  to  compliance with and may be constrained or limited by Bureau of
Land Management or Forest Service surface management regulations (in addition to
the  environmental  and  other  statutes  and  regulations discussed above).  In
addition,  there  are  limits  to  the  uses of the surface of unpatented mining
claims, particularly for the types of facilities which would be ancillary to our
mining operations, and both the Bureau of Land Management and the Forest Service
have  some  degree of discretion in allowing the use of federal lands that might
adjoin any of our unpatented mining claims for surface activities which we would
need for exploration, development and mining operations.  Recently, for example,
the  Forest  Service  adopted  a  "Roadless  Initiative"  which  prohibits  the
construction of new roads or the re-construction of existing roads in 43 million
acres  of  inventoried roadless areas within the National Forest System.  All of
our  Wyoming properties (Lake Owen, Spruce Mountain, Albany and Centennial West)
are located in the National Forest and may be impacted by this new policy.  As a
result,  there  can  be  no  guarantee that we will be able to obtain the access
necessary  to  conduct  required  exploration,  development or ultimately mining
activities  on those properties.  In addition, to the extent we progress towards
the  development  of  a mine at any of our properties, there can be no assurance
that  sufficient  surface  land  will  be available for the ancillary facilities
necessary  to  develop  the  mine.


<PAGE>
WE CANNOT INSURE AGAINST ALL OF THE RISKS ASSOCIATED WITH MINING.

     We  currently are not insured against most commercial losses or liabilities
which  may  arise  from our exploration and other activities.  Even if we obtain
additional insurance in the future, we may not be insured against all losses and
liabilities  which  may arise from our activities, either because such insurance
is  unavailable or because we have elected not to purchase such insurance due to
high  premium  costs  or  for  other  reasons.

WE  MAY  NOT  BE  ABLE  TO  RAISE THE FUNDS NECESSARY TO EXPLORE AND DEVELOP OUR
MINERAL  PROPERTIES.

     We  need  to  seek  additional financing from the public or private debt or
equity  markets  to continue our business activities.  We have borrowed from our
principal  shareholder  to  fund  certain  of  our  activities.  There can be no
assurance that our principal shareholder will continue to advance funds to us or
that  our  efforts to obtain financing will be successful.  We will need to seek
additional  financing  to complete our exploration and development of any target
properties,  should  the  exploration  program  prove  a  property  to  be worth
developing.  Sources  of  such external financing include future debt and equity
offerings,  and  possible  joint  ventures  with  another  exploration or mining
company.  There  can be no assurance that additional financing will be available
on  terms  acceptable  to  us.  The  failure to obtain such additional financing
could  have a material adverse effect on our results of operations and financial
condition.  There  can  be  no  assurance  that  we  will  be able to secure the
financing  necessary  to  retain  our  properties  or  to  sustain  exploration
activities  in  the  future.

COMPETITION  -  WE  COMPETE AGAINST LARGER, BETTER FINANCED AND MORE EXPERIENCED
COMPANIES.

     The  exploration  industry  is  very  competitive.  Exploration  companies
compete  to  obtain  and  to  evaluate exploration prospects for their drilling,
exploration,  development,  and,  ultimately,  mining  potential.  We  encounter
competition  from  both  larger,  better-financed  companies, such as Stillwater
Mining  Company,  and  other  similarly  situated  junior  mining  companies  in
connection  with  the acquisition of properties with the potential of profitably
producing  platinum  group  metals.  There  can  be  no  assurance  that  such
competition,  although  customary  in  the  industry, will not result in delays,
increased  costs,  or other types of negative consequences affecting us, or that
our  planned  exploration program will yield commercially mineable ore reserves.

WE  DEPEND  ON  THE  SERVICES  OF  KEY  PERSONNEL.

     The success of our exploration program will depend, in part, on our ability
to  retain  our  existing  employees, and on our ability to hire such additional
employees, temporary employees and consultants as are necessary to complete each
phase  of  our  planned  exploration program.  No assurance can be given that we
will  be  successful  in  our  efforts  in  either  of  these  areas.

VOLATILITY  OF  METALS PRICES - OUR PROFITABILITY AND VIABILITY WILL BE AFFECTED
BY  CHANGES  IN  THE  PRICES  OF  METALS.

     To  the extent we are able to identify ore reserves, our ability to develop
those  reserves  and  conduct  profitable  mining  operations  will  be  greatly
influenced  by  the prices of the platinum group metals.  These prices fluctuate
widely  and  are  affected  by  numerous  factors beyond our control, including:

     -    expectations  for  inflation;

     -    the  strength  of  the  United  States  dollar;

     -    global  and  regional  supply  and  demand;  and

     -    political  and  economic  conditions  and  production  costs  in major
          platinum  group  metals  producing  regions of the world, particularly
          Russia  and  South  Africa.


<PAGE>
     The aggregate effect of these factors on metals prices is impossible for us
to  predict.  In  addition,  the  prices  of platinum group metals sometimes are
subject  to  rapid  short-term  and/or  prolonged changes because of speculative
activities.  The  current  demand for and supply of platinum group metals affect
platinum  group  metal prices, but not necessarily in the same manner as current
supply and demand affect the prices of other commodities. The supply of platinum
group  metals primarily consists of new production from mining. If the prices of
platinum  group metals are, for a substantial period, below our foreseeable cost
of  production,  we  could  determine  that  it  is not economically feasible to
continue  the  development  of  our  projects.

WE HAVE NEVER PAID DIVIDENDS ON OUR COMMON STOCK.

     We  have  never  paid  any  dividends  on  our  Common Stock, and it is not
anticipated  that  dividends  will  be  declared  in  the  foreseeable  future.

POTENTIAL  FUTURE  SALES  PURSUANT TO RULE 144 COULD DEPRESS OUR STOCK PRICE AND
ADVERSELY  AFFECT  OUR  ABILITY  TO  RAISE  ADDITIONAL  EQUITY  FINANCING.

     Of our outstanding shares of common stock as of September 30, 2002, some of
these  shares  are  "restricted securities," as that term is defined in Rule 144
under  the Securities Act. In general, under Rule 144 a person who has satisfied
a  one-year  holding  period  may  sell limited numbers of shares. Rule 144 also
permits  the  sale of shares without any quantity limitation, by persons who are
not  our  affiliates  and  who  have beneficially owned the shares for a minimum
period  of  two  years.  The possible sale of these restricted shares may have a
depressive effect on the price of our securities and such sales, if substantial,
might  also  adversely  affect  our  ability to raise additional equity capital.


FUTURE ISSUANCES OF ADDITIONAL COMMON STOCK COULD DILUTE THE OWNERSHIP INTERESTS
OF  INVESTORS.

     In  connection  with our reincorporation in Delaware we amended our charter
to increase substantially the number of authorized shares of common stock and to
authorize  the  issuance  of preferred stock by action of the Board of Directors
without  stockholder  approval.  Our  Board  of Directors has the power to issue
such  shares,  subject,  in  some instances, to shareholder approval. Additional
issuances by us from our authorized but unissued shares would have the effect in
many cases of diluting the relative ownership interest of existing shareholders.


<PAGE>
THE  PUBLIC  MARKET  FOR  OUR COMMON STOCK IS THINLY TRADED AND LACKS LIQUIDITY,
WHICH  MAY  MAKE  IT  MORE  DIFFICULT  FOR  INVESTORS  TO  SELL  THEIR  SHARES.

     At  present,  our common stock is traded under the symbol "TRDM" on the OTC
Bulletin  Board  operated  by  the  National  Association  of Securities Dealers
("NASD").  This  market is thinly traded and lacks the liquidity of other public
markets  with  which  some  investors  may  have  more  experience.  There is no
assurance that a more liquid trading market will develop or, if developed, would
be  sustained.  A  purchaser  of  shares may, therefore, be unable to resell any
securities should he or she desire to do so.  Furthermore, it is unlikely that a
lending  institution would accept our securities as pledged collateral for loans
unless  a  regular  trading  market  develops.

THE  UNITED STATES PENNY STOCK RULES MAY MAKE IT MORE DIFFICULT FOR INVESTORS TO
SELL  THEIR  SHARES.

     Because  shares  of  our  common  stock  will  not  be quoted on a national
securities  exchange  in  the United States, the shares will be subject to rules
adopted  by the U.S. Securities and Exchange Commission regulating broker-dealer
practices  in  connection  with  transactions  in  "penny  stocks."  These rules
require  that  prior  to effecting any transaction in a penny stock, a broker or
dealer  must give the customer a risk disclosure document that describes various
risks  associated  with  an investment in penny stocks, as well as various costs
and  fees  associated with such an investment.  It is possible that some brokers
may be unwilling to engage in transactions of shares of our common stock because
of  these  added disclosure requirements, which would make it more difficult for
stockholders  to sell his shares. Further reference material involving the risks
of  investing  in  "penny  stocks"  may be obtained from the U.S. Securities and
Exchange  Commission online at their website. Other information may be available
from  State  Securities Regulators or Broker-Dealers with which investors may do
business.

                SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

     This  Form  10KSB  contains  forward-looking  statements  that  involve
substantial risks and uncertainties.  Investors and prospective investors in our
common  stock  can  identify  these  statements by forward-looking words such as
"may,"  "will,"  "expect,"  "intend,"  "anticipate,"  "believe,"  "estimate,"
"continue"  and other similar words.  Statements that contain these words should
be read carefully because they discuss our future expectations, make projections
of our future results of operations or of our financial condition or state other
"forward-looking"  information.  We  believe that it is important to communicate
our  future  expectations to our investors.  However, there may be events in the
future  that  we  are  not  able  to accurately predict or control.  The factors
listed in the sections captioned "Risk Factors" and "Management's Discussion and
Analysis  or  Plan  of  Operation,"  as  well as any cautionary language in this
document  provide examples of risks, uncertainties and events that may cause our
actual  results  to  differ  materially from the expectations we describe in our
forward-looking  statements.  Investors  and prospective investors in our common
stock  should  be aware that the occurrence of the events described in the "Risk
Factors"  and  "Management's  Discussion  and  Analysis  or  Plan  of Operation"
sections  and  elsewhere in this Form 10KSB could have a material adverse effect
on  our  business,  operating  results  and  financial  condition.


<PAGE>
                                GLOSSARY OF TERMS

AMPHIBOLITE:  granular  metamorphic  rocks.

ANOMALY:  a  deviation  from  uniformity  or  regularity  in  geophysical  or
geochemical  quantities.

ARCHEAN:  geologic  age  older  than  2,500,000  years.

BLEBS:  a  vesicle,  blister  or  bubble.

BRECCIA:  rock  in  which  angular  fragments  are  surrounded  by  a  mass  of
fine-grained  minerals.

CHALCOPYRITE:  the  main  copper ore, which is widely occurring and found mainly
in  veins.

CIRCULATION  DRILL:  a  rotary  drill  or  rotary  percussion drill in which the
drilling  fluid  and  cuttings  return  to  the  surface through the drill pipe,
minimizing  contamination.

CRETACEOUS  AGE:  the  geologic  age period dating from approximately 68 million
years  to  142  million  years.

CROSS CUTS:  a horizontal opening driven from a shaft and (or near) right angles
to  the  strike  of  a  vein  or  other  ore  body.

DIAMOND  DRILL:  a type of rotary drill in which the cutting is done by abrasion
rather  than  by  percussion.  The  hollow  bit of the drill cuts a core of rock
which  is  recovered  in  long  cylindrical  sections.

DISSEMINATED:  fine  particles  of mineral dispensed through the enclosing rock.

DEVELOPMENT:  work  carried  out for the purpose of opening up a mineral deposit
and  making  the  actual  extraction  possible.

DIKES:  a  tabular  igneous  intrusion  that  cuts  across  the  structures  of
surrounding  rock.

DIP:  the  angle  at  which  a  vein, structure or rock bed is inclined from the
horizontal  as  measured  at  right  angles  to  the  strike.

DRIFTS:  a  horizontal  passage  underground  that follows along the length of a
vein  or  mineralized  rock  formation.

EXPLORATION:  work  involved  in  searching  for  ore  by  geological  mapping,
geochemistry,  geophysics,  drilling  and  other  methods.

GABBRO:  Dark  colored  basic intrusive rocks.  Intrusive equivalent of volcanic
basalt.

GEOCHEMISTRY:  study  of  variation  of  chemical  elements  in  rocks or soils.

GEOPHYSICS:  study  of  the  earth  by  quantitative  physical  methods.


<PAGE>
GNEISS:  a  layered  or  banded crystalline metamorphic rock the grains of which
are  aligned  or  elongated  into  a  roughly  parallel  arrangement.

HYDROTHERMAL:  pertaining to hot water, especially with respect to its action in
dissolving,  re-depositing,  and  otherwise producing mineral changes within the
earth's  crust.

INTRUSION/INTRUSIVE:  a  volume  of  igneous rock that was injected, while still
molten,  into  the  earth's  crust  or  other  rocks.

LITHOLOGY:  The  character of a rock described in terms of its structure, color,
mineral  composition,  grain  size  and  arrangement  of  its  component  parts.

MAFIC:  Pertaining  to or composed dominantly of the ferromagnesian rock-forming
silicates;  used  to describe some igneous rocks and their constituent minerals.

METAMORPHISM:  The  mineralogical and structural changes in solid rock that have
been  caused  by  heat  and  pressure  at  depth  over  time.

MINERALIZATION:  the  concentration  of metals and their compounds in rocks, and
the  processes  involved  therein.
NORITE:  a  course  grained  igneous  rock  formed  at  great  depth.

ORE:  material  that  can  be  economically  mined  and  processed.

ORE BODY:  a continuous, well-defined mass of material of sufficient ore content
to  make  extraction  economically  feasible.

OUTCROP:  the  part  of  a  rock  formation that appears at the earth's surface,
often  protruding  above  the  surrounding  ground.

PYRITE:  the  most  widespread  sulfide  mineral.

PYROXENITE:  any  group  of  minerals.

QUARTZITE:  a sedimentary rock consisting mostly of silica sand grains that have
been  welded  together  by  heat  and  compaction.

RECLAMATION:  the  restoration of a site after exploration activity or mining is
completed.

SCHIST:  a foliated metamorphic rock the grains of which have a roughly parallel
arrangement.

SEDIMENTARY  ROCKS/SEDIMENTS:  rocks  resulting  from the consolidation of loose
sediments  of  older  rock  transported  from  its  source  and  deposited.

SHEAR  OR SHEARING:  The deformation of rocks by lateral movement along numerous
parallel  planes,  generally  resulting  from  pressure  and  producing  such
metamorphic  structures  as  cleavage  and  schistosity.

SILLS:  a  near  horizontal  flat-bedded  strata  of  intrusive  rock.

SULFIDE:  a  metallic  mineral  containing  unoxidized  sulphur.

STRIKE:  the  course  or  bearing  of  a  vein  or  a  layer  of  rock.

ULTRAMAFIC:  said  of  an  igneous  rock  composed  chiefly  of mafic materials.

UNPATENTED MINING CLAIM:  a parcel of property located on federal lands pursuant
to  the  U.S.  General  Mining  Law of 1872 and the requirements of the state in
which the unpatented claim is located, the paramount title of which remains with
the  federal government.  The holder of a valid, unpatented lode mining claim is
granted  certain  rights  including  the  right  to explore and mine such claim.

VEIN:  an  epigenetic mineral filling the fault or other fracture, in tabular or
sheetlike form, often with associated replacement of the host rock, or a mineral
deposit  of  this  form  or  origin.


<PAGE>
                  ITEM  2.  MANAGEMENT'S  DISCUSSION  AND  ANALYSIS
                              OR  PLAN  OF  OPERATION

     Our  loss  for  the  year  ended  September  30,  2002 was $1,168,171 which
increased  our total accumulated deficit as of September 30, 2002 to $8,315,106.
We  have  inadequate  cash  to  fund  our  planned  acquisition  and exploration
activities  and  other operations during the next 12 months. These factors raise
substantial  doubts  about  our  ability  to continue as a going concern without
raising significant additional capital. The Company has continued to fund itself
on  a  month-to-month  basis though loans from shareholders, officers, directors
and  other  private  parties  and  also  through small private placements of its
common  stock.

     The  Company  has  substantial  operational commitments to fund in order to
maintain  its land holdings as now configured. This includes work commitments on
its  Peter  Lake property, annual assessment work requirements on its unpatented
mining  claims,  as  well  as  federal  and county filing fees due on unpatented
claims.  The  inability of the Company to raise substantial capital in the first
quarter of the calendar year 2003 may severely impact its ability to explore and
retain the properties described in this report. This is in particular applicable
to the Peter Lake property which has required work commitments which can only be
completed  during the 2003 field season which begins in May and ends in October.
However,  the Company must have such funds in place in order to plan and execute
its  work  program  in  a  timely  manner  and  to  preserve  its  rights to its
properties.  Further,  the  Company  must  raise  substantial  funds  prior  to
mid-August,  2003  in  order  to  pay claim fees due and owing on its unpatented
mining  claims.  Failure  to  make these payments will result in the loss of its
unpatented  claims which make up all or most of the properties discussed in this
document.

     The  Company may also be adversely affected by claims of its creditors. The
Company at this time is technically insolvent in that its liabilities exceed its
assets  and  secondly,  in  that  it  has  been  unable  to make payments to its
creditors in a timely fashion as they come due. The Company is indebted to trade
creditors,  professional service providers, officers, directors and shareholders
who  have  provided  loans  to  the  Company, as well as to the Internal Revenue
Service for back FICA tax withholdings. Although the Company has been successful
to  date  in  persuading  its  creditors  to exercise patience and has also made
certain  arrangements  with the Internal Revenue Service vis-a-vis collection of
past  due  tax  payments,  there  can  be  no  assurance  that such "standstill"
arrangements  will  continue  to  be  honored  in  the  future. At anytime it is
possible that some or all of such creditors may file lawsuits to collect amounts
owing,  attempt  to  place  holds on demand and time deposits of the Company, or
force  insolvency  proceedings  upon  the  Company.


<PAGE>
     The  severe  shortage  of capital also hinders our ability to retain highly
skilled  and  qualified  personnel  who  are  a key to the future success of the
Company. This lack of funding may have a demoralizing effect upon our employees,
officers,  and  directors  that  may  ultimately  lead to poorer productivity or
outright  resignation. In such event, the ability of the Company to successfully
implement  its  business  plan as discussed herein would be severely hampered if
not  altogether  thwarted.

     Since February 2000, the exercise by Electrum LLC of its options to acquire
our  common  stock,  loans  to  the  Company,  and  other private financing have
generated  funds  to  finance  our activities. We have also entered into certain
loan  arrangements, principally with the major shareholders of the Company which
we  have  utilized  to  fund  our  activities. As of September 30, 2002, we have
borrowed  approximately  $1,062,358 from several of our largest stockholders. We
need  to  seek  additional  financing  from the public or private debt or equity
markets  to  continue  our  business  activities. There can be no assurance that
lenders,  principally  our major shareholders, will continue to advance funds to
us  or  that  our efforts to obtain additional financing will be successful. For
the  reasons  stated  above,  if  we  are unable to raise significant additional
capital  in  the  first  half  of 2003, it is unlikely that we will complete any
exploration work on our properties. If we fail to raise the necessary capital by
August,  2003,  it is likely we will lose some or all of our mineral properties.

     If we are able to raise additional capital on acceptable terms, our primary
business objective in 2003 will be to focus on exploring the Lake Owen property.
We  plan  to spend from $500,000 to $750,000 during 2003 on property maintenance
fees,  scientific  analyses  of  existing geologic data, and general exploration
activities  on  the Lake Owen property. In addition, we anticipate spending from
$300,000  to  $500,000  on a selected basis on our other existing properties for
reconnaissance  and  detailed  exploration  work,  which  may include geological
mapping,  geochemical  sampling,  and/or  geophysical surveys. In particular, we
will focus on satisfying the work requirements on our Peter Lake project, and on
our  Green  Mountain  property where there are commitments related to the mining
leases  with the State of Montana. Our exploration expenditures were $85,654 for
the  quarter  ended  September  30,  2002 and a total of $874,420 for the fiscal
year.

     At September 30, 2002, the Company has net operating loss carry forwards of
approximately  $3,860,000,  which expire in the years 2001 through 2021. The net
operating  loss  carry  forwards do not include expenses that are not deductible
for  tax  purposes,  such  as  compensation expense, in the amount of $2,317,718
attributable  to  options  and warrants issued to employees and consultants. The
Company  also  owes  to  the  Internal  Revenue  Service  employment  taxes  of
approximately  $60,000  as  of  September  30,  2002.

     Our  management  believes  there is no current basis for the recognition of
the  value  of  the  deferred tax assets derived from the net operating loss. At
such  time that our management believes that profitable operations are imminent,
the value of any net operating loss then available will be used to determine the
net  deferred  tax  asset,  if  any,  to  be  recognized.


                       ITEM  3.  DESCRIPTION  OF  PROPERTIES

     Our interests in our exploration properties are described in Item 1.

     Until  September,  2002  we maintained our executive offices are located at
401  Front  Avenue,  Suite  1, Second Floor, Coeur d'Alene, Idaho 83814. In that
month  we vacated the space as a cost-cutting measure. We had leased this office
space  under  a three- year lease for monthly rent payments of $2,656. We may be
obligated  for the balance of this lease (about twenty-four months) if the owner
of  the  building  is  unable  to  find  new  tenants.

     We  had also maintained office facilities in Reno, Nevada until July, 2001.
Although we had vacated this office space and attempted to sublet such space, we
were obligated under a lease that required monthly payments of $1,775 until July
2002.  The  lessor  in  this case obtained a judgment against the Company in the
amount of $18,574.29 which has not been paid and which bears interest at 18% per
annum.

     The  Company  currently  maintains  his  offices  in  a portion of his home
located at 4881 East Shoreline Drive, Post Falls, Idaho. The Company also leases
a  small  industrial  building near Coeur d'Alene, Idaho at 5968 Government Way,
Dalton  Gardens,  Idaho  where its technical staff maintains offices and company
materials  are  located.


                ITEM 4. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL
                              OWNERS AND MANAGEMENT

     The  following  table  sets forth as of September 30, 2002 the common stock
ownership  of  the directors, executives officers and each person known by us to
be  the  beneficial  owner  of  five  percent  or more of our common stock.  The
percentage  of  ownership  is  based  on  the actual shares owned divided by the
22,588,435  shares  of  our  common stock being issued  and  outstanding  as  of
September  30,  2002.


<PAGE>
<TABLE>
<CAPTION>
                                                       NUMBER OF SHARES OF
                                                              COMMON STOCK  PERCENT OF
NAME AND ADDRESS OF BENEFICIAL OWNER(1)                 BENEFICIALLY OWNED      SHARES
------------------------------------------------------  ------------------  ----------
<S>                                                     <C>                    <C>
DIRECTORS AND EXECUTIVE OFFICERS:
J. Michael Sharratt(2)                                             227,500          *

Jeffrey M. Christian(3)                                            127,000          *

Kurt J. Hoffman(4)                                                 555,796        1.1%

Bobby Cooper                                                        15,000          *

Dave Mooney(6)                                                     142,500          *

Ishiung J. Wu(9)                                                    30,000          *

John P. Ryan (5)                                                   303,967          *

All officers and directors as a group (7 persons)[10]              602,476        2.7%

5 PERCENT STOCKHOLDERS:

Thomas S. Kaplan(7)                                             14,189,265       39.6%
c/o William Natbony, Esq.
KMZ Rosenman LLP
575 Madison Avenue
New York, NY 10022-2585

Asher B. Edelman(8)                                              4,693,100       12.7%
c/o Edelman Companies
717 Fifth Avenue
New York, NY  10022

<FN>
__________________________
1  The  address of each such person, unless otherwise noted, is c/o Trend Mining
Company,  5968  Government  Way,  Dalton  Gardens,  Idaho  83815.
2 These shares include 200,000 shares issuable pursuant to an option exercisable
within  60  days.
3  Mr. Christian directly owns 7,000 shares, warrants exercisable within 60 days
to  acquire 15,000 shares and has voting and dispositive control with respect to
105,000  shares  owned  by CPM Group of which he is the controlling stockholder.
4 These shares include 309,300 shares issuable pursuant to an option exercisable
within  60  days.
5  These  shares  include  shares beneficially owned by others over which he has
dispositive  control and options to acquire 149,467 shares exercisable within 60
days.
6 These shares include 112,500 shares issuable pursuant to an option exercisable
within  60  days.
7  Mr.  Kaplan has sole voting and dispositive control with respect to 1,000,000
shares  owned  by  Tigris  Financial  Group  Limited  of  which  he  is the sole
stockholder.  He  also  has  voting  and  dispositive  control  with  respect to
4,307,588  shares  under  the  terms  of  a  voting  trust agreement. The amount
reflects shares warrants, and options held by Mr. Kaplan, Tigris Financial Group
Limited,  Electrum  LLC,  and  LCM  Holdings,  LDC.
8 Mr. Edelman has sole voting and dispositive control over 1,275,000 shares. The
amount of 4,693,100 shares is comprised of shares, warrants and options owned by
Asher  B. Edelman, Edelman Value Partners, L.P., Edelman Value Fund, Ltd., LT II
Partners,  L.P.,  Edelman Family Partnership and Asher B. Edelman and Associates
LLC.
9  These shares include 15,000 shares issuable pursuant to an option exercisable
within  60  days.
10  Reflects  the  actual  number  of  shares  owned  and  excluding options and
warrants.

*  Amount  shown  is  less  than  1  percent.
</TABLE>


<PAGE>
                ITEM  5.  DIRECTORS,  EXECUTIVE  OFFICERS,  PROMOTERS
                               AND  CONTROL  PERSONS

DIRECTORS  AND  EXECUTIVE  OFFICERS

     The  following  table  sets  forth information concerning our directors and
executive  officers.

<TABLE>
<CAPTION>
NAME                                   AGE                     POSITION
-------------------------------------  ---  -----------------------------------------------
<S>                                    <C>  <C>
J. Michael Sharratt                     72  Chairman and Director
Jeffrey M. Christian                    46  Director
Kurt J. Hoffman                         36  Chief Executive Officer, President and Director
Bobby Cooper                            **  Director
Dave Mooney                             41  Vice President of Exploration
Ishiung J. Wu                           55  Director
John P. Ryan                            40  Vice President, Chief Financial Officer,
                                            Secretary and Treasurer, Director
</TABLE>


     Our  Board of Directors has established a Compensation Committee consisting
of  J.  Michael  Sharratt and John Ryan. The Board has also established an Audit
Committee  consisting  of  Jeffrey  M.  Christian  and  Ishiung  J.Wu.

     Set  forth  below  is  certain  information  with  respect  to the Issuer's
directors  and  executive  officers.

OUTSIDE  DIRECTORS

     J.  Michael  Sharratt became a member of the Board and began serving as the
Company's  Chairman  in  August  2000.  Mr.  Sharratt  is  one  of  the  most
distinguished  platinum-group  explorationists  in  North  America,  with direct
hands-on  experience involving North America's most important PGM deposit. Prior
to joining the Company, Mr. Sharratt served as Vice Chairman, from 1994 to 1997,
and  President,  from  1992  to  1994,  of  Stillwater  Mining  Company. As Vice
President  and  Senior  Director  of Mining and Minerals for Manville Corp., the
co-developer  of the Stillwater platinum/palladium mine in Montana, Mr. Sharratt
was  a  principal  figure  in  the exploration and development of the Stillwater
mining complex, the largest platinum group metals operation in North America. In
addition  to  the evaluation and development of Stillwater, over his long career
at  Manville,  where  he  began  as  an  exploration  geologist,  Mr. Sharratt's
responsibilities  ultimately  included  all  of  Manville's  mineral exploration
projects  worldwide and oversight responsibility for the ore development at nine
operating mines in six countries.  Mr. Sharratt is a member of the International
Precious  Metals  Institute,  where  he  serves  as  a  Director, as well as the
Canadian Institute of Mining and Metallurgy and the Society of Mining Engineers.


<PAGE>
     Jeffrey  M. Christian was elected to the Board of Directors in August 2000.
Mr.  Christian  is  Managing  Director  of  CPM  Group,  the leading independent
precious  metals  research  and  consulting  firm. Mr. Christian is a recognized
figure  in  the  precious  metals  industry and has been involved in much of the
pioneering  work  applying  economic  analysis  and econometric studies to gold,
silver,  and  the  platinum  group  metals  markets.  CPM Group's commentary and
reports,  including their annual surveys of these metals, are closely watched by
the  industry and investment community. CPM counts among its clients many of the
world's  largest  mining companies, industrial users of precious metals, central
banks,  government  agencies  and  financial  institutions  worldwide.  Prior to
founding  CPM  Group  in  1986,  Mr.  Christian  headed  the precious metals and
statistical  work in the Commodities Research Group at J. Aron and Goldman Sachs
from 1980 until 1986.  In 1984, he became director of the department; in 1985 he
served  as  its group Vice President.  Mr. Christian is President and a Director
of  the  International  Precious  Metals  Institute.

     Bobby  Cooper  became  a Director in July, 2002. Mr. Cooper has over thirty
years  of  mining  industry  experience,  most  recently as CEO and President of
Kennecott  Corporation,  a  wholly owned subsidiary of Rio Tinto (RTZ). Prior to
serving  as  CEO  of  Kennecott,  Mr.  Cooper  held various other positions with
Kennecott  including  Chief Operating Officer and Vice President of U. S. Mines.
In  addition  to  his  roles  with  Kennecott,  Mr.  Cooper  also held executive
positions  with  Atlantic  Richfield,  Arch  Mineral Company, Shell Oil Company,
Inspiration  Consolidated  Copper, Thunder Basin Coal and Group Mining Executive
RTZ.

     Ishiung Wu became a Director in August 2000. Dr. Ishiung Wu, co-founder and
Vice  President,  Acquisitions  of General Minerals Corporation, has over thirty
years  experience  in  mineral  exploration  management.  As a former manager of
exploration  for  Chevron Resources Company in North and South America, he was a
member  of  a  platinum  working  group  which  evaluated  platinum group metals
exploration  models  at  the  Stillwater  complex,  of  which  Chevron  was  the
co-developer with Manville Corp. This exploration model was applied successfully
in  the  location of the Lake Owen property (now controlled by Trend Mining) for
Chevron  and  the  subsequent  discovery  of  multiple  platinum  group  metals
occurrences.  Prior  to  his  career at Chevron, Dr. Wu garnered extensive field
experience,  which  was  accompanied by several mineral discoveries, through his
work  with Exxon Minerals, Kennecott Exploration, Cerro de Pasco and Compania de
Minas  Buenaventura.  Dr.  Wu  holds  an M.A. and Ph.D. in economic geology from
Harvard  University  and  is  a  fellow  of  the Society of Economic Geologists.

INSIDE  DIRECTORS  AND  OFFICERS

     Kurt  Hoffman  has  served  as our Chief Executive Officer, President and a
Director  since  June  1998.  With  more  than 17 years experience in the mining
industry, Mr. Hoffman is primarily responsible for refocusing the Company on the
acquisition and exploration of PGE properties. From March 1995 to June 1998, Mr.
Hoffman was the owner and President of Kurt J. Hoffman Mining & Land Services, a
private  mining  consulting  firm that provided property sales, acquisitions and
land management services for a number of U.S. based mining and timber companies.
He  has  worked  for  Sunshine  Mining Co., Mine Fabrication and Machine, Placer
Mining  Corp.  and,  in  his  capacity  as  a  consultant,  a  number  of  other
resource-related  companies.


<PAGE>
     David  G.  Mooney  has  served as Chief Geologist since March 2000 and Vice
President  of  Exploration since August, 2001. Prior to joining the Company, Mr.
Mooney  worked  with  Micon  International Ltd., an international geological and
mining consulting company, and provided consulting services to Stillwater Mining
Company,  North  America's  largest  primary  PGM  producer.  Mr.  Mooney  was
responsible  for initiating and setting up an exploration and acquisitions group
within  Stillwater  Mining, and was charged with identifying and prioritzing the
most  attractive  PGM  exploration  targets  in North America. From July 1993 to
November  1998,  Mr.  Mooney  was  with Lonmin Plc., one of the largest platinum
producers  in  the  world.  Before  leaving the company, he held the position of
Chief  Geologist,  where  he  was responsible for its platinum group exploration
activities  in  the  Bushveld,  South  Africa  as  well  as the mineral resource
management  for  the  entire  group. Prior to assuming this post, Mr. Mooney was
Chief  Geologist  for  Lonmin's  Eastern  Platinum  Ltd.  Mine,  where  he  was
responsible  for  all  geological  and geophysical interpretations, exploration,
mineral  resource  estimations  and  grade  control.  Mr. Mooney was educated at
Trinity  College, Dublin and Rhodes University, South Africa from which he holds
a  Master  of  Science  in  Exploration  Geology.  Mr. Mooney is a member of the
Geological  Association of Canada, Society for Mining and Exploration as well as
the  Geological  Society  of  South  Africa.

     John  Ryan  serves  as the Company's Chief Financial Officer, Secretary and
Treasurer  as  well  as  being  on the Board of Directors. Mr. Ryan was an early
investor  in Trend Mining and has held several posts within the Company over the
past  several  years.  Mr. Ryan has a broad frame of reference in the management
and  financing  of  development  stage  natural resource companies. He presently
holds positions with Cadence Resources, a publicly traded energy exploration and
development  company; Western Goldfields, Inc. a publicly traded company focused
on  precious  metal  projects  in  the Western United States, as well as several
other venture-stage technology and resource companies. Mr. Ryan is a former U.S.
Naval  Officer  and obtained a B.S. in Mining Engineering from the University of
Idaho  and  a  Juris  Doctor  from  Boston  College  Law  School.


                         ITEM  6.  EXECUTIVE  COMPENSATION

     The  following  table  sets forth the compensation paid by Trend Mining for
the  last  two  completed  fiscal  years  for  the President and Chief Executive
Officer.  No  other  officer  or  director  received  more  than  $100,000  in
compensation  from  Trend  Mining.

<TABLE>
<CAPTION>
                           SUMMARY COMPENSATION TABLE

                              ANNUAL COMPENSATION
                              -------------------

              NAME AND PRINCIPAL POSITION       YEAR  SALARY
         -------------------------------------  ----  -------

<S>                                             <C>   <C>
         Kurt J. Hoffman                        2002  $88,000
         President and Chief Executive
         Officer

         Kurt J. Hoffman                        2001  $88,000
         President and Chief Executive Officer
</TABLE>


<PAGE>
In  2002,  Mr.  Hoffman received $85,284 of his salary in cash and the remainder
was  deferred.  In  2001, Mr. Hoffman received $88,000 of his salary in cash. No
other  officers received compensation in cash or stock in the years 2002 or 2001
in  excess  of  that  of  Mr.  Hoffman.

COMPENSATION  OF  DIRECTORS

     For  fiscal  year  1999,  we granted to each of our directors 1,500 shares,
valued  at  $0.25  per share, as compensation.  On April 11, 2000, we granted to
each  departing  director  options  to purchase 1,000 shares of common stock for
each  completed  year  of service.  These options are exercisable from April 15,
2000  to  April  15, 2003.  The following table sets forth information regarding
these  option  grants:

<TABLE>
<CAPTION>
                        YEARS OF  OPTIONS  EXERCISE
           NAME         SERVICE   GRANTED    PRICE
----------------------  --------  -------  ---------
<S>                     <C>       <C>      <C>
     Lovon Fausett            17   17,000  $    0.50
     Don Springer             17   17,000  $    0.50
     Geraldine Schimpf        17   17,000  $    0.50
     Robert Gee                8    8,000  $    0.50
     Bill Jacobson             5    5,000  $    0.50
     Grant Brackebusch         3    3,000  $    0.50
</TABLE>

     For  fiscal  year  2000,  we  granted to each of our then current directors
15,000 shares of our common stock, 150,000 shares in the aggregate, at $0.70 per
share  as  compensation. In August 2000, we awarded J. Michael Sharratt upon his
appointment  to  the Board 1,500 shares, valued at $1,050 or $0.70 per share, as
compensation  for  board  service in 2000. In July, 2002 we awarded Bobby Cooper
15,000  shares  as  compensation  for joining the Board of Directors. For fiscal
years 2001 and 2002, the Board has considered various compensation proposals but
none were adopted before the end of each fiscal year, and none have been adopted
as  of  the  date  of  this  report.


             ITEM  7.  CERTAIN  RELATIONSHIPS  AND  RELATED  TRANSACTIONS

GENERAL  MINERALS  CORPORATION

     Effective  July  27,  1999,  we entered into the Lake Owen option agreement
with  General  Minerals  Corporation.  The  primary terms and conditions of that
option  agreement  are  described  in  Item  1  of  Part  I  under  the  heading
"Exploration  Properties  -  Lake Owen, Wyoming." The Lake Owen option agreement
was amended in June 2000. Pursuant to that amendment, General Minerals agreed to
give up certain anti-dilution protections and the right to participate in future
stock  offerings.  In  return,  we  issued  to  General Minerals in June 2000 an
additional  200,000  shares of our common stock valued at $120,000, and warrants
to  purchase an additional 200,000 shares of our common stock at any time during
a  two-year  period  ending  in  June  2002  at $0.70 per share. In addition, in
connection  with  the  amendment  of  the  Lake  Owen  option agreement, General
Minerals  exercised  its  rights under the original option agreement to purchase
416,961  shares  of our common stock for an aggregate purchase price of $23,351.


<PAGE>
     On  February  11,  2002 General Minerals sold its remaining interest in the
Lake  Owen  Option  Agreement  to a group of private investors. However, General
Minerals  did  retain  its  royalty interest in the property, which is dependant
upon  and  linked  to  the  royalty  originally  reserved  by  Chevron Minerals.
Subsequently,  on  March  15,  2002, the Company exercised its option to acquire
100%  of  the Lake Owen property by issuing to the private investors referred to
above  1,100,000  shares  of  the  restricted  common stock of the Company. This
transaction  eliminated  the requirement of the Company to make any further cash
work  commitments on the property and vested 100% ownership of the property with
the  Company.  General Minerals is no longer a major shareholder of the Company.


THOMAS S. KAPLAN, TIGRIS FINANCIAL GROUP LTD. & ELECTRUM LLC,

     On  December  29,  1999,  we  entered  into a stock purchase agreement with
Tigris  Financial  Group  Ltd., under which Tigris purchased 1,000,000 shares of
our  common  stock  for  $100,000,  and was granted rights to acquire additional
common  stock  and  warrants.  Tigris  is  solely owned by Thomas S. Kaplan, who
beneficially  owns  approximately  50  percent  of  our common stock. Tigris has
assigned  certain  of  its rights under the stock purchase agreement to Electrum
LLC. Mr. Kaplan has, pursuant to a voting trust agreement voting and dispositive
control  of  all of our securities owned by Electrum LLC. Because our securities
are  a  significant  asset  of Electrum, and which are controlled by Mr. Kaplan,
Electrum  is an affiliate of Tigris. A similar statement may be made Relative to
LCM  Holdings,  LDC.

     The  stock  purchase  agreement  was amended in June 2000. Pursuant to that
amendment,  Electrum  agreed  to  give  up  certain anti-dilution protections in
exchange  for  the  right  to  acquire additional shares of our common stock and
certain  preemptive  rights. The preemptive rights were terminated in July 2000.

     Pursuant  to  the  stock  purchase  agreement,  Electrum acquired 3,500,000
shares  of our common stock for an aggregate purchase price of $490,000 in March
2000, 1,597,588 shares for an aggregate purchase price of $100,000 in June 2000,
and  an  additional 4,740,174 shares for an aggregate purchase price of $545,020
in  August and September 2000. Also pursuant to the stock purchase agreement and
in  exchange  for a cash payment of $10,000, we issued in June 2000 a warrant to
Electrum  to  purchase an additional 7,979,761 shares of our common stock for an
aggregate  purchase price of $3,191,900, exercisable in whole or in part through
September  30,  2003.  Electrum assigned 3,530,174 shares of our common stock in
connection  with  its  acquisition  of  those  shares  and  500,000  warrants.
Subsequently,  Electrum  has assigned an additional 2,000,000 shares and 500,000
warrants.  Tigris  and  Electrum own approximately 29% of our outstanding common
stock  and, upon exercise of their warrants and assuming we have issued no other
shares,  would  own  approximately  50%  of  our  then outstanding common stock.


<PAGE>
     In  addition,  under the stock purchase agreement, Tigris and Electrum have
the  right  to  proportional  representation  on  our board of directors, and we
agreed  to  retain the CPM Group as financial advisors. Tigris and Electrum have
not  exercised their rights to representation on our board of directors. We also
agreed  that at the request of Tigris, we would use reasonable efforts to divest
ourselves  of our silver exploration properties. Tigris and Electrum have demand
registration  rights.  In November 2000, Electrum requested that we register all
of the common stock, warrants and common stock underlying the warrants currently
held  by  Tigris  and  Electrum  and  assigned  by  Electrum  to  others.

     In November 2000, we entered into an agreement with Electrum under which we
have  borrowed $135,000 to fund certain expenses. The loan bears interest at the
annual  rate  of  5%  and  is  due upon the earlier to occur of the closing of a
public  or  private  debt  or  equity financing or December 1, 2005. In December
2000,  we  entered  into  an  agreement  with  Electrum  under which we borrowed
$200,000  of  the  $250,000  available  to  fund  our  operating costs, with our
specific  uses of funds approved in advance by Electrum. No additional funds are
available  under  this  agreement.  The loan obtained under this agreement bears
interest  at  an  annual rate of 8% payable semi-annually in arrears, and is due
upon  the  earlier to occur of the closing of a public or private debt or equity
financing  or  June  30,  2001.

     In  connection  with these loan agreements, in February 2001, we granted to
Electrum  warrants  to  purchase 285,000 shares of our common stock at $1.50 per
share,  exercisable  through  September 30, 2003.  Electrum may also elect to be
repaid  the  total  amounts  outstanding  under  both  loans in "units" of Trend
securities,  at  the  rate  of  one  unit  per each $1.25 owed.  Each unit would
consist  of one share of our common stock and a warrant to purchase one share of
our  common  stock  at  $1.50 per share, exercisable through September 30, 2003.
Electrum  has  agreed  that  at least $100,000 of the November 2000 loan will be
repaid  in  units.

     On March 12, 2001 we entered into an agreement with Electrum under which we
had the right to borrow up to an additional $50,000 to fund our operation costs,
with the same interest and repayment terms as the December loan agreement. Under
this  agreement,  in  March  2001,  we  granted to Electrum warrants to purchase
50,000  shares  of  our  common  stock  at  $1.50 per share, exercisable through
September  30,  2006.  We  also  agreed to extend through September 30, 2006 the
expiration  dates  of  the warrants to acquire 7,979,761 shares issued under the
stock purchase agreement and the warrants to acquire 285,000 shares issued under
the  December  loan  agreement.

     Pursuant  to  a 2002 agreement ("The January 30, 2002 Financing Agreement")
to  readjust  certain  terms  of  loans  and  warrants,  the Company borrowed an
additional  $150,000  from Electrum and Electrum waived accrued interest owed by
the  Company  as  of  January 29, 2002 totaling $37,384. In consideration of the
additional  loan  and waiver, the Company issued to Electrum additional warrants
to  purchase  150,000 shares of common stock for $1.00 per share through January
30,  2007. Electrum may, in its sole discretion, elect to be repaid the $150,000


<PAGE>
loan  by  converting  the  amount  outstanding  into  units  of  the  Company's
securities,  at  the  rate  of  one unit per $0.50 of loans converted. Each unit
consists  of  one  share  of common stock and a warrant to purchase one share of
common stock at a price of $0.50 per share, exercisable though January 30, 2007.
In  addition, the Company and Electrum agreed to amend the prior loan agreements
to reduce the conversion rate of the existing units, previously at a rate of one
unit  per  $1.25  of  loans  converted  to a rate of one unit per $0.50 of loans
converted and to reduce the exercise price of the warrants included in the units
from  $1.50  to  $1.00  per  share.  In addition, the exercise price of warrants
included  in  the  units  to purchase a total of 520,000 shares of common stock,
owned  by  Electrum,  was  reduced  from a price of $1.50 per share to $1.00 per
share  and  the  exercise term of each such warrant was extended for a period of
one  year.

     Following  our  reincorporation  in  Delaware, we issued to Mr. Kaplan in a
private placement one share of Series A preferred stock. The terms of the Series
A  preferred  stock provided that each issuance by us of common stock, preferred
stock,  options,  warrants  or other equity securities would require the written
consent  of  Mr.  Kaplan  or  the  then current holder of the Series A preferred
stock.  By  mutual agreement of Mr. Kaplan and the Board of Directors, the share
was  cancelled  effective  October  1,  2002.

LCM  HOLDINGS  LDC

     LCM  Holdings,  LDC loaned the Company $119,445 in a note dated October 22,
2001.  One  warrant  is  attached  to  each dollar of debtwith a strike price of
$1.50,  exercisable  Through  January 9, 2004. The fair value of these warrants,
estimated  on  the  grant date Using the Black-Scholes Option Price Calculation,
was  $9,036.  On January 30, 2002, LCM Holdings, LDC forgave interest due in the
amount  of $2,129 for the adjustment to the conversion feature, such as Electrum
was  granted, described above. During 2002, LCM Holdings, LDC loaned the Company
$113,413. These loans have the warrants and conversion features attached to them
similar  to  those  granted  Electrum  as  described  above.

CPM  GROUP

     CPM  Group  is managed and wholly owned by Jeffrey M. Christian, a director
of  our  company.  CPM  Group performs various services for us, including public
and  shareholder  relations,  research and market intelligence on platinum group
metal  markets  and  financial  advisory  functions  in connection with possible
mergers  and  acquisitions.  CPM Group has not performed services for and is not
affiliated  with  Tigris  or  Electrum.

HOWARD  SCHRAUB

     Mr.  Schraub  has  been  a  shareholder  of  the Company for several years.
Subsequent  to  the  end  of  the  fiscal year, on October 29, 2002, the Company
signed a business consultant agreement with Mr. Schraub to assist the Company in
raising  capital  and  in  introducing  the Company to various investment funds,
private investors, hedge funds, or other financial sources. This agreement calls
for  his  compensation to perform these duties to be 50,000 shares of restricted
stock  per  month,  and  an  additional $10,000 per month in value of restricted
stock  calculated at the close on or nearest to the 15th day of each month. This
agree-  ment  was made retroactive to August 1, 2002, however, all shares issued
were  issued  on  or about October 29, 2002. An adjustment has been added to our
financial  statements  to reflect the retroactive payment as consulting expenses
incurred  in  August  and  September,  2002.


<PAGE>
                       ITEM  8.  DESCRIPTION  OF  SECURITIES

COMMON  STOCK

     The  Company  has authorized capital of 100 million shares of Common Stock,
$.01  par  value,  of  which  22,588,435  shares  were issued and outstanding at
September  30,  2002.  All  outstanding  shares have equal voting rights and are
validly  issued,  fully  paid and non-assessable. Shareholders have the right to
cumulate  their  votes  in  the  election  of  directors.  Upon  liquidation,
dissolution,  or winding up, our assets, after the payment of liabilities, would
be  distributed  pro rata to the holders of our Common Stock. None of our share-
holders  have  preemptive rights to subscribe for any of our securities and have
no  right  to  require  us  to  redeem  or  purchase  their  shares.

PREFERRED  STOCK

     The Company also has 20,000,000 shares of authorized preferred stock with a
par  value  of  $0.01 per share, with rights and preferences to be determined by
the  Company's  Board  of  Directors.

     One share of Series A preferred stock had been created and issued to Thomas
S.  Kaplan  and required the holder's approval of all stock and equity issuances
until  such  time  as  none  of  Mr.  Kaplan,  Electrum  LLC or Asher B. Edelman
beneficially  owns  more than twenty percent of the Company's outstanding stock.
By  mutual agreement of Mr. Kaplan and the Board of Directors, this single share
was  cancelled  and  is  no  longer  outstanding  as  of  October  1,  2002.

OPTIONS

     As  of September 30, 2002 the Company had outstanding options to purchase a
total  of  1,073,237  shares  of Common Stock exercisable at an average price of
$.85.

WARRANTS

     The Issuer has outstanding Warrants to purchase a total of 9,167,619 shares
of  Common  Stock as follows: 7,954,761 shares at an exercise price of $0.40 per
share  until  September 30, 2007; 1,212,858 shares at an exercise price of $1.00
per  share with varying expiration dates ending September 30, 2007. All warrants
are  subject  to  certain  adjustments  with  respect  to  stock  splits,
recapitalizations,  stock  dividends,  combinations,  consolidations and similar
changes  in  the  capitalization  of  the  Issuer.


<PAGE>
CONVERTIBLE  DEBT

     As  of  September  30,  2002,  the Company owes $1,062,358 to shareholders,
officers and directors for loans. Of these loans, $1,032,858 are convertible, at
the  discretion  of  the  makers, at a rate of one unit for every $0.50 of debt.
Each  unit  consists  of one share of common stock and a warrant to purchase one
share  of common stock at a price of $0.50 per share, exercisable though January
30,  2007. If the $1,032,858 in loans were completely converted to common stock,
the company would issue 2,065,716 shares of common stock and 2,065,716 warrants.
If  the  makers  chose  to  exercise some or all of the warrants associated with
these loans, the Company would receive a maximum of $1,032,858 in cash from such
an  exercise.

REGISTRATION  RIGHTS

     Stockholders  holding  8,607,588 shares of our Common Stock and warrants to
acquire  an  additional  7,954,761  shares  have  unlimited  demand registration
rights.  Further,  a  stockholder holding 250,000 warrants has the right to have
the  common  stock underlying those warrants registered in the next registration
statement  of  the  Company.  Subsequent  to the end of the reporting period the
Company  sold  8,000,000  shares  of its common stock to private investors in an
Offering  which  closed January 8, 2003. Pursuant to this financing, the Company
agreed  to  file  a  registration  statement  covering  the future sale of these
securities  within  fourteen  days  of  closing the offering. The filing of this
registration  statement  will  "trigger"  the  registration  rights  of  the
stockholders  mentioned  above.

DIVIDENDS

     Our shareholders are entitled to share equally in dividends when, as and if
declared  by  the  board of directors, out of funds legally available therefore.
No  dividend  has  been  paid  on  our common stock since inception, and none is
contemplated  in  the  foreseeable  future.

TRANSFER  AGENT

     The  transfer  agent for our common stock is Corporate Stock Transfer, 3200
Cherry  Creek  Drive  South,  Suite  430,  Denver,  Colorado  80209.


                                    PART II

                   ITEM 1.  MARKET PRICE FOR COMMON EQUITY AND
                            OTHER SHAREHOLDER MATTERS

     Our  shares  are  traded on the OTC Bulletin Board operated by the National
Association  of Securities Dealers, Inc. (NASD) under the trading symbol "TRDM."
Summary  trading  by  quarter for fiscal 2002, 2001 and 2000 fiscal years are as
follows:


<PAGE>
<TABLE>
<CAPTION>
    FISCAL QUARTER       HIGH BID [1]   LOW BID [1]
    -------------------  -------------  ------------
<S>                      <C>            <C>
    2002
        Fourth Quarter   $        0.55  $       0.11
        Third Quarter    $        0.76  $       0.50
        Second Quarter   $        0.76  $       0.34
        First Quarter    $        0.72  $       0.30
    2001
        Fourth Quarter   $        0.75  $       0.51
        Third Quarter    $        0.98  $       0.60
        Second Quarter   $        1.15  $       0.63
        First Quarter    $        1.38  $       0.75

    2000
        Fourth Quarter   $        1.60  $       0.60
        Third Quarter    $        1.06  $       0.50
        Second Quarter   $        1.06  $       0.28
        First Quarter    $        0.44  $       0.26
</TABLE>


     [1]  These  quotations reflect inter-dealer prices, without retail mark-up,
          mark-down  or  commissions  and may not represent actual transactions.


     As of December 31, 2002, we had 946 holders of record of our common  stock.

     We  have  not  paid any dividends since our inception and do not anticipate
paying  any  dividends on our common stock in the foreseeable future.  There are
no  restrictions  which  preclude  the  payment  of  dividends.


                            ITEM 2.  LEGAL PROCEEDINGS

     We  are  not  a  party  to  any pending litigation and to our knowledge, no
action,  suit  or  proceeding has been threatened against any of our officers or
directors  other  than  the  following.

     The  Company  has  an  outstanding  judgment  against  it  in the amount of
$18,574.90  obtained  by  Nevada  Southwest  Investments,  LLC  relating  to the
Company's  premature  vacating of its office lease in Reno, Nevada. The judgment
bears  interest at the rate of 18%. The Company is actively negotiating a payoff
or  payment  schedule  of  this  judgment.  The Company was also threatened with
litigation  by  a  former  Officer  and  Director which was settled effective on
November  5, 2002 for a cash amount of $3000 and an agreement to end the lock-up
on  the  sale  of  securities  of  the  Company  which  the former Officer owns.


              ITEM 3. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS
                     ON ACCOUNTING AND FINANCIAL DISCLOSURE

     Our  previous  accountant,  LeMaster  and Daniels, PLLC resigned, effective
September 1999.  LeMaster and Daniels did not prepare financial statements or an
audit  opinion  for  the  fiscal  year  ended September 30, 1998.  There were no
disagreements with LeMaster and Daniels on accounting and financial disclosures.

     Williams  &  Webster,  P.S.,  our  current  accountants,  were appointed in
February  2000.  There  have  been  no disagreements on accounting and financial
disclosures  through  the  date  of  this  report.

                ITEM 4. RECENT SALES OF UNREGISTERED SECURITIES

RECENT  ISSUANCES  OF  COMMON  STOCK

     During  the year ended September 30, 2002, the Company issued 25,000 shares
of  common  stock  valued at $25,000 for a note payable, 12,536 shares of common
stock  valued  at  $6,895 for accounts payable, 1,100,000 shares of common stock
valued  at  $770,000 for mineral property, 112,500 shares of common stock valued
at  $54,750  for  services,  82,429 shares of common stock valued at $36,193 for
financing  expense  and  2,500,000  shares  of  common  stock for $250,000 cash.

     The  issuances  discussed  above were exempted from registration under Rule
701  of  the  Securities Act ("Rule 701"), Rule 504 of the Securities Act ("Rule
504"),  Rule  506  of  the  Securities  Act ("Rule 506") or Section 4(2) of  the
Securities  Act ("Section 4(2)"), as provided. Certain shares issued in non-cash
transactions  were  valued  to  reflect  their  fair market value on the date of
issuance.

                ITEM 5. INDEMNIFICATION OF DIRECTORS AND OFFICERS

     The  laws of the States of Delaware and Montana under certain circumstances
provide  for  indemnification  of a corporation's directors, officers, employees
and  agents  against  liabilities  that  they  may  incur  in  such  capacities.

     In  general, any director, officer, employee or agent of a corporation made
a  party  to  a  proceeding  because  he or she serves in that capacity with the
corporation may be indemnified against expenses, fines, settlements or judgments
arising in connection with the proceeding, if that person's actions were in good
faith,  were  reasonably  believed to be in the corporation's best interest, and
were  reasonably  believed not to be unlawful.  Unless such person is successful
upon  the  merits in such an action, indemnification may be awarded only after a
determination  by  either  a  majority  vote  of  a  quorum of the corporation's
directors  not  at  the  time party to the proceeding, or a specially designated
committee  if  no  quorum  can be obtained, or by special legal counsel, or by a
vote of the shareholders, excluding those shares owned by or voted under control
of  directors  who are at the time party to the proceedings, that the applicable
standard  of  conduct  was  met  by  the  person  to  be  indemnified.

     Our  articles  of  incorporation  as originally filed in Montana and former
bylaws  contained  no  indemnification  provisions.  Upon its reincorporation in
Delaware,  the  new articles of incorporation adopted by the Company now contain
indemnification  provisions  that  are  applicable  under certain circumstances.


<PAGE>
                                    PART  F/S
                              FINANCIAL  STATEMENTS

                                                              Page
                                                              ----
          Index  to  Financial  Statements. . . . . . . . .   F-1


<PAGE>
                                    PART  III

          ITEMS 1 AND 2. INDEX TO EXHIBITS AND DESCRIPTION OF EXHIBITS

Exhibit
Number                              Exhibits
------                              --------

3.1       Articles  of  Incorporation  dated  September  7, 1968; Certificate of
          Amendment  of  Articles  of  Incorporation  dated  September 23, 1970;
          Articles  of  Amendment of the Articles of Incorporation dated January
          25, 1980; Articles of Amendment to the Articles of Incorporation dated
          July  23,  1984;  Articles  of  Amendment  1984  to  the  Articles  of
          Incorporation  dated  October  31,  1984; Articles of Amendment to the
          Articles  of  Incorporation  filed  August  13,  1998; and Articles of
          Amendment  to  the  Articles  of  Incorporation  dated March 3, 1999.*

3.2       Bylaws  adopted  effective  October  1,  1968.*

10.1      Stock Purchase Agreement dated as of December 29, 1999, between Tigris
          Financial  Group  Ltd.  and  Trend  Mining Company; Amendment to Stock
          Purchase  Agreement dated as of June 27, 2000 between Electrum LLC and
          Trend Mining Company; and Warrant Agreement dated June 9, 2000 between
          Trend  Mining  Company  and  Tigris  Financial  Group  Ltd.*

10.2      Lake  Owen  Option  Agreement between General Minerals Corporation and
          Trend  Mining  Company;  Amendment to Lake Owen Option Agreement dated
          June,  2000  between  General  Minerals  Corporation  and Trend Mining
          Company;  and  Warrant  Agreement  dated  June  12, 2000 between Trend
          Mining  Company  and  General  Minerals  Corporation.*

10.3      Letter Agreement between John Ryan and Trend Mining Company dated July
          12,  2000.*

23.3      Consent  of  CPM  Group,  dated  September  25,  2000.*

__________________
*  Previously  filed.


<PAGE>
                                   SIGNATURES

     In  accordance  with Section 12 of the Securities Exchange Act of 1934, the
registrant  caused  this Amendment No. 4 to Registration Statement on Form 10-SB
to  be  signed  on  its  behalf  by  the undersigned, thereunto duly authorized.


                                        TREND  MINING  COMPANY



Dated: January 9, 2003                    By:  /s/ Kurt J. Hoffman
                                          --------------------------------------
                                           Kurt J. Hoffman
                                           President and Chief Executive Officer




Dated: January 9, 2003                    By:  /s/ John P. Ryan
                                          --------------------------------------
                                           John P. Ryan
                                           Chief Financial Officer



          CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350 AS ADOPTED
            PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002


In  connection  with  the  accompanying  10-KSB  of Trend Mining Company for the
period  beginning  October  01,  2001  and  ending  September  30, 2002, Kurt J.
Hoffman,  Chief  Executive Officer, and John P. Ryan, Chief Financial Officer of
Trend  Mining  Company,  hereby  certify  pursuant to 18 U.S.C. Section 1350, as
adopted  pursuant  to  Section  906  of  the  Sarbanes-Oxley  Act of 2002, to my
knowledge,  that:

     (1)  such  Form  10-KSB  of  Trend Mining Company, for the period beginning
          October  01,  2001  and ending September 30, 2002, fully complies with
          the  requirements of section 13(a) or 15(d) of the Securities Exchange
          Act  of  1934;  and

     (2)  the  information contained in such Form 10-KSB of Trend Mining Company
          for  the  period  beginning  October 01, 2001 and ending September 30,
          2002,  fairly  presents,  in  all  material  respects,  the  financial
          condition  and  results  of  operations  of  Trend  Mining  Company



                                               /s/Kurt  J.  Hoffman
                                               -------------------------
                                               Kurt  J.  Hoffman
                                               Chief  Executive  Officer


                                               /s/John  P.  Ryan
                                               -------------------------
                                               John  P.  Ryan
                                               Chief  Financial  Officer

================================================================================


<PAGE>
                              TREND MINING COMPANY
                         (AN EXPLORATION STAGE COMPANY)
                              FINANCIAL STATEMENTS
                               SEPTEMBER 30, 2002




                            WILLIAMS & WEBSTER, P.S.
                          CERTIFIED PUBLIC ACCOUNTANTS
                        BANK OF AMERICA FINANCIAL CENTER
                          601 W. RIVERSIDE, SUITE 1940
                           SPOKANE, WASHINGTON  99201
                                 (509) 838-5111


<PAGE>
                              TREND MINING COMPANY



INDEPENDENT  AUDITOR'S  REPORT                                                 1


FINANCIAL  STATEMENTS

     Balance  Sheets                                                           2

     Statements  of  Operations  and  Comprehensive  Loss                      3

     Statement  of  Stockholders'  Equity  (Deficit)                           4

     Statements  of  Cash  Flows                                               6


NOTES  TO  THE  FINANCIAL  STATEMENTS                                          7


<PAGE>
Board  of  Directors
Trend  Mining  Company
Coeur  d'Alene,  Idaho

                          INDEPENDENT AUDITOR'S REPORT

We  have  audited  the  accompanying  balance sheets of Trend Mining Company (an
exploration  stage  company)  as of September 30, 2002 and 2001, and the related
statements of operations and comprehensive loss, stockholders' equity (deficit),
and  cash flows for the years then ended and for the period from October 1, 1996
(inception  of  exploration  stage)  to  September  30,  2002.  These  financial
statements  are  the  responsibility  of  the  Company's  management.  Our
responsibility  is  to express an opinion on these financial statements based on
our  audits.

We conducted our audits in accordance with auditing standards generally accepted
in  the  United  States  of  America.  Those  standards require that we plan and
perform  the  audit  to  obtain reasonable assurance about whether the financial
statements are free of material misstatement.  An audit includes examining, on a
test  basis,  evidence  supporting  the amounts and disclosures in the financial
statements.  An audit also includes assessing the accounting principles used and
significant  estimates  made  by  management,  as well as evaluating the overall
financial  statement  presentation.  We  believe  that  our  audits  provide  a
reasonable  basis  for  our  opinion.

In  our  opinion,  the financial statements referred to above present fairly, in
all  material  respects,  the  financial  position of Trend Mining Company as of
September  30,  2002  and  2001,  and the results of its operations and its cash
flows  for  the  years  then  ended,  and  for  the  period from October 1, 1996
(inception  of  exploration  stage)  to  September  30, 2002, in conformity with
accounting  principles  generally  accepted  in  the  United  States of America.

The  accompanying  financial  statements  have  been  prepared assuming that the
Company  will  continue  as  a  going  concern.  As  discussed  in Note 2 to the
financial  statements,  the  Company's  significant  operating  losses  raise
substantial doubt about its ability to continue as a going concern. Management's
plans  regarding  the resolution of this issue are also discussed in Note 2. The
financial  statements  do not include any adjustments that might result from the
outcome  of  this  uncertainty.


Williams  &  Webster,  P.S.
Certified  Public  Accountants
Spokane,  Washington
December  2,  2002


<PAGE>
<TABLE>
<CAPTION>
                                            TREND MINING COMPANY
                                       (AN EXPLORATION STAGE COMPANY)
                                               BALANCE SHEETS

                                                                 September 30,            September 30,
                                                                     2002                     2001
                                                            -----------------------  -----------------------
<S>                                                         <C>                      <C>
ASSETS

CURRENT ASSETS
  Cash                                                      $                2,281   $               24,954
  Equipment held for resale                                                      -                    4,000
                                                            -----------------------  -----------------------
    TOTAL CURRENT ASSETS                                                     2,281                   28,954
                                                            -----------------------  -----------------------

MINERAL PROPERTIES                                                               -                        -
                                                            -----------------------  -----------------------

PROPERTY AND EQUIPMENT, net of depreciation                                 25,929                   22,362
                                                            -----------------------  -----------------------

OTHER ASSETS
  Investments                                                                  250                        -
                                                            -----------------------  -----------------------

TOTAL ASSETS                                                $               28,460   $               51,316
                                                            =======================  =======================

LIABILITIES AND STOCKHOLDERS' DEFICIT

CURRENT LIABILITIES
  Accounts payable                                          $              492,250   $            1,022,319
  Accounts payable to directors and officers                                     -                    8,122
  Accrued expenses                                                         100,542                  108,639
  Interest payable                                                          52,298                   29,143
  Loans payable to stockholders                                          1,062,358                  669,000
  Current portion of long-term debt                                          2,897                    3,564
                                                            -----------------------  -----------------------
    TOTAL CURRENT LIABILITIES                                            1,710,345                1,840,787
                                                            -----------------------  -----------------------

LONG-TERM DEBT, net of current portion                                      12,161                    7,072
                                                            -----------------------  -----------------------

COMMITMENTS AND CONTINGENCIES                                                    -                        -
                                                            -----------------------  -----------------------

STOCKHOLDERS' DEFICIT
  Preferred stock,  $0.01 par value, 20,000,000
    shares authorized; 1 share issued and outstanding                            -                        -
  Common stock,  $0.01 par value, 100,000,000
    shares authorized; 22,588,435 and
    18,755,970 shares issued and outstanding, respectively                 225,884                  187,559
  Additional paid-in capital                                             5,012,134                3,772,857
  Stock options and warrants                                             1,383,042                1,389,976
  Pre-exploration stage accumulated deficit                               (558,504)                (558,504)
  Accumulated deficit during exploration stage                          (7,756,602)              (6,588,431)
                                                            -----------------------  -----------------------
    TOTAL STOCKHOLDERS' DEFICIT                                         (1,694,046)              (1,796,543)
                                                            -----------------------  -----------------------

TOTAL LIABILITIES AND
  STOCKHOLDERS' DEFICIT                                                     28,460                   51,316
                                                            =======================  =======================
</TABLE>

The accompanying notes are an integral part of these financial statements.


                                        2
<PAGE>
<TABLE>
<CAPTION>
                                          TREND MINING COMPANY
                                     (AN EXPLORATION STAGE COMPANY)
                            STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

                                                                                         Period from
                                                                                       October 1, 1996
                                                                                        (Inception of
                                                                                     Exploration Stage)
                                                  Year Ended             Year Ended           to
                                                 September 30,          September 30,    September 30,
                                                     2002                   2001             2002
                                          ---------------------------  ---------------  ---------------
<S>                                       <C>                          <C>              <C>
REVENUES                                  $                        -   $            -   $            -
                                          ---------------------------  ---------------  ---------------

EXPENSES
  Exploration expense                                        874,420          410,553        2,764,787
  General and administrative                                 370,468          792,024        1,795,891
  Officers and directors compensation                        108,035          738,047        1,242,140
  Legal and professional                                      72,691          631,901        1,089,272
  Depreciation                                                 9,460           17,815           38,386
                                          ---------------------------  ---------------  ---------------
    Total Expenses                                         1,435,074        2,590,340        6,930,476
                                          ---------------------------  ---------------  ---------------

OPERATING LOSS                                            (1,435,074)      (2,590,340)      (6,930,476)
                                          ---------------------------  ---------------  ---------------

OTHER INCOME (EXPENSE)
  Dividend and interest income                                     -               59            6,398
  Gain (loss) on disposition and
  impairment of assets                                         8,372                -         (179,854)
  Loss on investment sales                                         -          (55,081)         (53,772)
  Financing expense                                          (91,544)        (749,605)        (911,513)
  Interest expense                                           (93,085)         (45,068)        (139,804)
  Miscellaneous income                                         1,086            2,681           10,345
  Forgiveness of debt                                        442,074                -          442,074
                                          ---------------------------  ---------------  ---------------
    Total Other Income (Expense)                             266,903         (847,014)        (826,126)
                                          ---------------------------  ---------------  ---------------

LOSS BEFORE INCOME TAXES                                  (1,168,171)      (3,437,354)      (7,756,602)

INCOME TAXES                                                       -                -                -
                                          ---------------------------  ---------------  ---------------
NET LOSS                                                  (1,168,171)      (3,437,354)      (7,756,602)
                                          ---------------------------  ---------------  ---------------

OTHER COMPREHENSIVE INCOME
  Change in market value of investments                            -              413                -
                                          ---------------------------  ---------------  ---------------

NET COMPREHENSIVE LOSS                    $         (1,168,171)        $   (3,436,941)  $   (7,756,602)
                                          ===========================  ===============  ===============

BASIC AND DILUTED NET
LOSS PER SHARE                            $                  (0.06)    $        (0.19)
                                          ===========================  ===============

WEIGHTED AVERAGE NUMBER OF
  COMMON SHARES OUTSTANDING                               19,506,979       18,485,774
                                          ===========================  ===============
</TABLE>

The accompanying notes are an integral part of these financial statements.


                                        3
<PAGE>
<TABLE>
<CAPTION>
                                                TREND MINING COMPANY
                                           (AN EXPLORATION STAGE COMPANY)
                                    STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIT)

                                                                   Common Stock
                                                            --------------------------  Additional       Stock
                                                               Number                     Paid-in     Options and
                                                              of Shares      Amount       Capital       Warrants
                                                            -------------  -----------  ------------  -------------
<S>                                                         <C>            <C>          <C>           <C>
Balance, October 1, 1996                                       1,754,242   $    17,542  $    663,218  $          -

Common stock issuances as follows:
  - for cash at $0.50 per share                                  200,000         2,000        98,000             -
  - for payment of liabilities and expenses at $0.50
      per share                                                   45,511           455        22,301             -

Net loss for the year ended September 30, 1997                         -             -             -             -
                                                            -------------  -----------  ------------  -------------

Balance, September 30, 1997                                    1,999,753        19,997       783,519             -

Issuance of common stock as follows:
  - for mineral property at $0.50 per share                      150,000         1,500        73,500             -
  - for lease termination at $0.50 per share                      12,000           120         5,880             -
  - for debt at $0.50 per share                                   80,000           800        39,200             -
  - for cash at $0.20 per share                                    7,500            75         1,425             -
  - for compensation at $0.50 per share                            9,000            90         4,410             -

Issuance of stock options for financing activities                     -             -             -         2,659

Net loss for the year ended September 30, 1998                         -             -             -             -

Change in market value of investments                                  -             -             -             -
                                                            -------------  -----------  ------------  -------------

Balance, September 30, 1998                                    2,258,253        22,582       907,934         2,659

Common stock issuances as follows:
  - for cash at an average of $0.07 per share                    555,000         5,550        35,450             -
  - for prepaid expenses at $0.33 per share                       50,000           500        16,000             -
  - for consulting services at an average of
      $0.20 per share                                            839,122         8,391       158,761             -
  - for mineral property at $0.13 per share                      715,996         7,160        82,470             -
  - for officers' compensation at an average of
      $0.24 per share                                            300,430         3,004        70,522             -
  - for debt,  investment and expenses at $0.30 per share          9,210            92         2,671             -
  - for directors' compensation at an average of
      $0.25 per share                                             16,500           165         3,960             -
  - for rent at $0.25 per share                                    1,000            10           240             -
  - for equipment at $0.30 per share                             600,000         6,000       174,000             -

Net loss for the year ended  September 30, 1999                        -             -             -             -

Other comprehensive loss                                               -             -             -             -
                                                            -------------  -----------  ------------  -------------

Balance, September 30, 1999                                    5,345,511        53,454     1,452,007         2,659

Common stock and option issuances as follows:
  - for employee, officer and director
    compensation at an average of
    $0.61 per share                                              231,361         2,314       140,446        15,820
  - for officers' and directors' compensation
    at an average of $1.19 per share                              11,500           115        13,615             -
  - for services at an average of $0.47 per share                530,177         5,302       246,333             -
  - for mineral property at $0.89 per share                    1,000,000         1,000        88,000             -
  - for investments at $0.33 per share                           200,000         2,000        64,000             -
  - for cash at $0.08 per share                                  456,247         4,562        28,969             -
  - for cash, options and warrants                               100,000        10,000         2,414        87,586
  - for incentive fees at $0.33 per share                         65,285           653        20,891             -
  - for deferred mineral property acquisition
    costs at $0.13 per share                                     129,938         1,299        14,943             -
  - for modification of stockholder agreement
    at $0.60 per share                                           200,000         2,000       118,000        30,000
  - for modification of stockholder agreement                          -             -         4,262        10,379
  - from exercise of options at $0.12 per share                9,962,762        99,628     1,103,016       (37,524)

Cash received for the issuance of common stock
  warrants for 7,979,761 shares of stock                               -             -             -        10,000

Miscellaneous common stock adjustments                                (5)            -             -             -

Net loss for the year ended  September 30, 2000                        -             -             -             -

Other comprehensive income (loss)                                      -             -             -             -
                                                            -------------  -----------  ------------  -------------
Balance, September 30, 2000                                   18,232,776   $   182,327  $  3,296,897  $    118,920
                                                            -------------  -----------  ------------  -------------


                                                                                Other
                                                              Accumulated   Comprehensive
                                                                Deficit      Income (Loss)      Total
                                                            ---------------  --------------  ------------
<S>                                                         <C>              <C>             <C>
Balance, October 1, 1996                                    $     (558,504)  $           -   $   122,256

Common stock issuances as follows:
  - for cash at $0.50 per share                                          -               -       100,000
  - for payment of liabilities and expenses at $0.50
      per share                                                          -               -        22,756

Net loss for the year ended September 30, 1997                    (128,614)              -      (128,614)
                                                            ---------------  --------------  ------------

Balance, September 30, 1997                                       (687,118)              -       116,398

Issuance of common stock as follows:
  - for mineral property at $0.50 per share                              -               -        75,000
  - for lease termination at $0.50 per share                             -               -         6,000
  - for debt at $0.50 per share                                          -               -        40,000
  - for cash at $0.20 per share                                          -               -         1,500
  - for compensation at $0.50 per share                                  -               -         4,500

Issuance of stock options for financing activities                       -               -         2,659

Net loss for the year ended September 30, 1998                    (119,163)              -      (119,163)

Change in market value of investments                                    -         117,080       117,080
                                                            ---------------  --------------  ------------

Balance, September 30, 1998                                       (806,281)        117,080       243,974

Common stock issuances as follows:
  - for cash at an average of $0.07 per share                            -               -        41,000
  - for prepaid expenses at $0.33 per share                              -               -        16,500
  - for consulting services at an average of
      $0.20 per share                                                    -               -       167,152
  - for mineral property at $0.13 per share                              -               -        89,630
  - for officers' compensation at an average of
      $0.24 per share                                                    -               -        73,526
  - for debt,  investment and expenses at $0.30 per share                -               -         2,763
  - for directors' compensation at an average of
      $0.25 per share                                                    -               -         4,125
  - for rent at $0.25 per share                                          -               -           250
  - for equipment at $0.30 per share                                     -               -       180,000

Net loss for the year ended  September 30, 1999                   (716,759)              -      (716,759)

Other comprehensive loss                                                 -         (79,179)      (79,179)
                                                            ---------------  --------------  ------------

Balance, September 30, 1999                                     (1,523,040)         37,901        22,982

Common stock and option issuances as follows:
  - for employee, officer and director
    compensation at an average of
    $0.61 per share                                                      -               -       158,580
  - for officers' and directors' compensation
    at an average of $1.19 per share                                     -               -        13,730
  - for services at an average of $0.47 per share                        -               -       251,635
  - for mineral property at $0.89 per share                              -               -        89,000
  - for investments at $0.33 per share                                   -               -        66,000
  - for cash at $0.08 per share                                          -               -        33,531
  - for cash, options and warrants                                       -               -       100,000
  - for incentive fees at $0.33 per share                                -               -        21,544
  - for deferred mineral property acquisition
    costs at $0.13 per share                                             -               -        16,242
  - for modification of stockholder agreement
    at $0.60 per share                                                   -               -       150,000
  - for modification of stockholder agreement                            -               -        14,641
  - from exercise of options at $0.12 per share                          -               -     1,165,120

Cash received for the issuance of common stock
  warrants for 7,979,761 shares of stock                                 -               -        10,000

Miscellaneous common stock adjustments                                   -               -             -

Net loss for the year ended  September 30, 2000                 (2,186,541)              -    (2,186,541)

Other comprehensive income (loss)                                        -         (38,314)      (38,314)
                                                            ---------------  --------------  ------------
Balance, September 30, 2000                                 $   (3,709,581)  $        (413)  $  (111,850)
                                                            ---------------  --------------  ------------
</TABLE>

The accompanying notes are an integral part of these financial statements.


                                        4
<PAGE>
<TABLE>
<CAPTION>
                                                  TREND MINING COMPANY
                                             (AN EXPLORATION STAGE COMPANY)
                                 STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIT) (CONTINUED)

                                                                         Common Stock
                                                                  -------------------------  Additional       Stock
                                                                     Number                    Paid-in     Options and
                                                                   of Shares      Amount       Capital       Warrants
                                                                  ------------  -----------  ------------  -------------
<S>                                                               <C>           <C>          <C>           <C>
Balance, September 30, 2000                                         18,232,776  $   182,327  $  3,296,897  $    118,920

Common stock and option issuances as follows:
  - for cash of $1.00 per share                                        192,000        1,920       190,080             -
  - for cash and consulting services from
      options for $0.39 per share                                       33,333          333        12,737        (3,070)
  - for services at an average of $0.92 per share                       13,700          137        12,463             -
  - for officer and employee compensation at
      $1.13 per share                                                    5,200           52         5,828             -
  - for payment of accrued officer's compensation
      at $1.35 per share                                                10,000          100        13,400             -
  - for consulting services at an average of $0.77 per share            45,461          455        34,247             -
  - for directors' compensation at $0.85 per share                      75,000          750        63,000             -
  - for modification of contract at $0.78 per share                      3,000           30         2,310             -
  - for interest payment on contract
      at an average of $0.80 per share                                  10,000          100         7,900             -
  - for mineral property expenses at $0.85 per share                     1,000           10           840             -
  - for debt at $1.00 per share                                        134,500        1,345       133,155             -

Options issued to officers, directors and employees for services             -            -             -       354,000

Warrants issued as follows:
  - for consulting services                                                  -            -             -       170,521
  - for loan agreements                                                      -            -             -       141,547
  - for extension of exercise period
      on outstanding warrants                                                -            -             -       608,058

Net loss for the year ended September 30, 2001                               -            -             -             -

Other comprehensive income                                                   -            -             -             -
                                                                  ------------  -----------  ------------  -------------

Balance, September 30, 2001                                         18,755,970      187,559     3,772,857     1,389,976

Common stock and option issuances as follows:
  - for cash at $0.10 per share                                      2,500,000       25,000       225,000             -
  - for a note payable at $1.00 per share                               25,000          250        24,750             -
  - for consulting fees payable at $0.55 per share                      12,536          126         6,769             -
  - for mineral properties at $0.70 per share                        1,100,000       11,000       759,000             -
  - for services at an average of $0.49 per share                      112,500        1,125        53,625             -
  - for financing expense at an average of $0.44 per share              82,429          824        35,369             -

Options issued to officers, directors and employees for services             -            -             -        29,528

Warrants issued as follows:
  - for loan agreements                                                      -            -             -        55,352

Expiration of stock options and warrants                                     -            -        91,814       (91,814)

Interest expense forgiven by shareholders                                    -            -        42,950             -

Net loss for the year ended September 30, 2002                               -            -             -             -
                                                                  ------------  -----------  ------------  -------------

Balance, September 30, 2002                                         22,588,435  $   225,884  $  5,012,134  $  1,383,042
                                                                  ============  ===========  ============  =============


                                                                                      Other
                                                                    Accumulated    Comprehensive
                                                                      Deficit      Income (Loss)      Total
                                                                  ---------------  --------------  ------------
<S>                                                               <C>              <C>             <C>
Balance, September 30, 2000                                       $   (3,709,581)  $        (413)  $  (111,850)

Common stock and option issuances as follows:
  - for cash of $1.00 per share                                                -               -       192,000
  - for cash and consulting services from
      options for $0.39 per share                                              -               -        10,000
  - for services at an average of $0.92 per share                              -               -        12,600
  - for officer and employee compensation at
      $1.13 per share                                                          -               -         5,880
  - for payment of accrued officer's compensation
      at $1.35 per share                                                       -               -        13,500
  - for consulting services at an average of $0.77 per share                   -               -        34,702
  - for directors' compensation at $0.85 per share                             -               -        63,750
  - for modification of contract at $0.78 per share                            -               -         2,340
  - for interest payment on contract
      at an average of $0.80 per share                                         -               -         8,000
  - for mineral property expenses at $0.85 per share                           -               -           850
  - for debt at $1.00 per share                                                -               -       134,500

Options issued to officers, directors and employees for services               -               -       354,000

Warrants issued as follows:
  - for consulting services                                                    -               -       170,521
  - for loan agreements                                                        -               -       141,547
  - for extension of exercise period
      on outstanding warrants                                                  -               -       608,058

Net loss for the year ended September 30, 2001                        (3,437,354)              -    (3,437,354)

Other comprehensive income                                                     -             413           413
                                                                  ---------------  --------------  ------------

Balance, September 30, 2001                                           (7,146,935)              -    (1,796,543)

Common stock and option issuances as follows:
  - for cash at $0.10 per share                                                -               -       250,000
  - for a note payable at $1.00 per share                                      -               -        25,000
  - for consulting fees payable at $0.55 per share                             -               -         6,895
  - for mineral properties at $0.70 per share                                  -               -       770,000
  - for services at an average of $0.49 per share                              -               -        54,750
  - for financing expense at an average of $0.44 per share                     -               -        36,193

Options issued to officers, directors and employees for services               -               -        29,528

Warrants issued as follows:
  - for loan agreements                                                        -               -        55,352

Expiration of stock options and warrants                                       -               -             -

Interest expense forgiven by shareholders                                      -               -        42,950

Net loss for the year ended September 30, 2002                        (1,168,171)              -    (1,168,171)
                                                                  ---------------  --------------  ------------

Balance, September 30, 2002                                       $   (8,315,106)  $           -   $(1,694,046)
                                                                  ===============  ==============  ============
</TABLE>

The accompanying notes are an integral part of these financial statements.


                                        5
<PAGE>
<TABLE>
<CAPTION>
                                                   TREND MINING COMPANY
                                              (AN EXPLORATION STAGE COMPANY)
                                                 STATEMENTS OF CASH FLOWS

                                                                                      Year Ended            Year Ended
                                                                                     September 30,         September 30,
                                                                                         2002                  2001
                                                                               -------------------------  ---------------
<S>                                                                            <C>                        <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
  Net loss                                                                     $             (1,168,171)  $   (3,437,354)
  Adjustments to reconcile net loss to net cash used by operating activities:
    Depreciation                                                                                  9,460           17,815
    Loss on investment sales                                                                          -           55,081
    Loss on disposition and impairment of assets                                                      -                -
    Gain on sale of mineral property claims for securities                                         (500)               -
    Gain on trade-in of property and equipment                                                   (7,872)               -
    Interest expense forgiven by shareholders                                                    23,566                -
    Common stock issued for services
    and expenses                                                                                 90,943           58,392
    Common stock issued for payables                                                             31,895                -
    Common stock and options issued as compensation                                              29,528          437,130
    Stock options and warrants issued for financing activities                                   55,352          749,605
    Common stock and warrants issued to acquire mineral
    property options                                                                            770,000                -
    Warrants issued for consulting fees                                                               -          170,521
    Common stock issued for incentive fees                                                            -                -
    Investment traded for services                                                                    -           22,539
  Changes in assets and liabilities:
    Inventory                                                                                         -                -
    Prepaid expenses                                                                                  -            1,725
    Accounts payable                                                                           (538,190)         696,113
    Accrued expenses                                                                             (8,097)          91,149
    Interest payable                                                                             23,155           27,185
                                                                               -------------------------  ---------------
  Net cash used by operating activities                                                        (692,308)      (1,110,099)
                                                                               -------------------------  ---------------

CASH FLOWS FROM INVESTING ACTIVITIES:
    Proceeds from sale of equipment                                                               1,200                -
    Proceeds from sale of mineral property                                                            -                -
    Purchase of furniture and equipment                                                          (4,500)               -
    Proceeds from investments sold                                                                    -           30,143
                                                                               -------------------------  ---------------
  Net cash provided by investing activities                                                       3,300           30,143
                                                                               -------------------------  ---------------

CASH FLOWS FROM FINANCING ACTIVITIES:
    Payments on notes payable and short-term borrowings                                          (3,299)          (2,745)
    Sale of warrants for common stock                                                                 -                -
    Proceeds from short-term borrowings                                                         422,857          888,500
    Sale of common stock, subscriptions
    and exercise of options                                                                     250,000          117,000
                                                                               -------------------------  ---------------
  Net cash provided by financing activities                                                     668,435        1,002,755
                                                                               -------------------------  ---------------

NET DECREASE IN CASH                                                                            (22,673)         (77,201)

CASH, BEGINNING OF PERIOD                                                                        24,954          102,155
                                                                               -------------------------  ---------------

CASH, END OF PERIOD                                                                              2,281   $       24,954
                                                                               =========================  ===============

SUPPLEMENTAL CASH FLOW INFORMATION:
  Interest paid                                                                $                  1,302   $          559
  Income taxes paid                                                            $                      -   $            -

NON-CASH FINANCING AND INVESTING ACTIVITIES:
  Common stock and warrants issued to acquire
  mineral properties                                                           $                      -   $            -
  Common stock issued to acquire mineral property                              $                770,000   $            -
  Common stock issued for acquisition of
  mining equipment                                                             $                      -   $            -
  Common stock issued for services and expenses                                $                 90,943   $       58,392
  Common stock issued for investment                                           $                      -   $            -
  Common stock issued for debt                                                 $                 31,895   $      134,500
  Common stock issued for incentive fees                                       $                      -   $            -
  Common stock and options issued as compensation                              $                      -   $      437,130
  Options issued to officers, directors and employees for services             $                 29,528   $            -
  Stock options  and warrants issued for financing activities                  $                 55,352   $      749,605
  Warrants issued for consulting fees                                          $                      -   $      170,521
  Deferred acquisition costs on mining property                                $                      -   $            -
  Purchase of equipment with financing agreement                               $                  7,721   $            -
  Investments received for mineral property                                    $                    500   $            -
  Investments traded for services                                              $                      -   $       22,539
  Equipment for loans payable                                                  $                  4,500   $            -


                                                                                           Period from
                                                                                         October 1, 1996
                                                                                          (Inception of
                                                                                        Exploration Stage)
                                                                                                to
                                                                                           September 30,
                                                                                               2002
                                                                               ------------------------------------
<S>                                                                            <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
  Net loss                                                                     $                        (7,756,602)
  Adjustments to reconcile net loss to net cash used by operating activities:
    Depreciation                                                                                            38,386
    Loss on investment sales                                                                                58,928
    Loss on disposition and impairment of assets                                                           188,226
    Gain on sale of mineral property claims for securities                                                    (500)
    Gain on trade-in of property and equipment                                                              (7,872)
    Interest expense forgiven by shareholders                                                               23,566
    Common stock issued for services
    and expenses                                                                                           633,549
    Common stock issued for payables                                                                        31,895
    Common stock and options issued as compensation                                                        721,119
    Stock options and warrants issued for financing activities                                             822,257
    Common stock and warrants issued to acquire mineral
    property options                                                                                     1,114,873
    Warrants issued for consulting fees                                                                    170,521
    Common stock issued for incentive fees                                                                  21,544
    Investment traded for services                                                                          22,539
  Changes in assets and liabilities:
    Inventory                                                                                                3,805
    Prepaid expenses                                                                                             -
    Accounts payable                                                                                       585,315
    Accrued expenses                                                                                        26,357
    Interest payable                                                                                        23,155
                                                                               ------------------------------------
  Net cash used by operating activities                                                                 (3,282,316)
                                                                               ------------------------------------

CASH FLOWS FROM INVESTING ACTIVITIES:
    Proceeds from sale of equipment                                                                         35,126
    Proceeds from sale of mineral property                                                                  20,000
    Purchase of furniture and equipment                                                                    (41,695)
    Proceeds from investments sold                                                                         101,430
                                                                               ------------------------------------
  Net cash provided by investing activities                                                                114,861
                                                                               ------------------------------------

CASH FLOWS FROM FINANCING ACTIVITIES:
    Payments on notes payable and short-term borrowings                                                     (8,756)
    Sale of warrants for common stock                                                                       10,000
    Proceeds from short-term borrowings                                                                  1,353,357
    Sale of common stock, subscriptions
    and exercise of options                                                                              1,808,151
                                                                               ------------------------------------
  Net cash provided by financing activities                                                              3,161,629
                                                                               ------------------------------------

NET DECREASE IN CASH                                                                                        (1,326)

CASH, BEGINNING OF PERIOD                                                                                    3,607
                                                                               ------------------------------------

CASH, END OF PERIOD                                                                                          2,281
                                                                               ====================================

SUPPLEMENTAL CASH FLOW INFORMATION:
  Interest paid                                                                $                             3,512
  Income taxes paid                                                            $                                 -

NON-CASH FINANCING 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                                $                           633,549
  Common stock issued for investment                                           $                            67,000
  Common stock issued for debt                                                 $                           207,237
  Common stock issued for incentive fees                                       $                            21,544
  Common stock and options issued as compensation                              $                           691,591
  Options issued to officers, directors and employees for services             $                           383,528
  Stock options  and warrants issued for financing activities                  $                           822,257
  Warrants issued for consulting fees                                          $                           170,521
  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                                              $                            22,539
  Equipment for loans payable                                                  $                             4,500
</TABLE>

The accompanying notes are an integral part of these financial statements.


                                        6
<PAGE>
                              TREND MINING COMPANY
                          (AN EXPLORATION STAGE COMPANY)
                        NOTES TO THE FINANCIAL STATEMENTS
                               SEPTEMBER 30, 2002

NOTE  1  -  ORGANIZATION  AND  DESCRIPTION  OF  BUSINESS

Trend  Mining Company (formerly Silver Trend Mining Company) ("the Company") was
originally  incorporated  on  September  7,  1968 under the laws of the State of
Montana  for  the  purpose  of  acquiring,  exploring  and  developing  mining
properties.  From  1984 to late 1996, the Company was dormant. In November 1998,
the  Company changed its focus to exploration for platinum and palladium related
metals.  In February 1999, the Company changed its name from Silver Trend Mining
Company  to Trend Mining Company to better reflect the Company's change of focus
to  platinum  group  metals.  The Company conducts operations primarily from its
offices  in  Coeur d'Alene, Idaho. The Company has elected a September 30 fiscal
year-end.

In  March  28,  2001,  the Company reincorporated in Delaware. Under its amended
certificate  of  incorporation, Trend has authorized the issuance of 100,000,000
shares of common stock with a par value of $0.01 per share and 20,000,000 shares
of  authorized  preferred  stock  with  a  par  value  of $0.01, with rights and
preferences  to  be determined by the Company's board of directors. One share of
Series A preferred stock has been created and issued to Mr. Thomas S. Kaplan and
requires  the  holder's approval for all stock and equity issuances. See Note 4.

The  Company  is  actively  seeking additional capital. Management believes that
additional  stock  can  be  sold  to  enable the Company to continue to fund its
property  acquisition and platinum group metals exploration activities, however,
management  is  unable  to  provide  assurances  that  it  will be successful in
obtaining  sufficient  sources  of  capital.

NOTE  2  -  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES

This  summary  of  significant  accounting  policies  is  presented to assist in
understanding  the Company's financial statements.  The financial statements and
notes  rely on the integrity and objectivity of the Company's management.  These
accounting  policies  conform to accounting principles generally accepted in the
United  States  of America and have been consistently applied in the preparation
of  the  financial  statements.

Accounting  Method
------------------
The  Company's  financial  statements  are  prepared using the accrual method of
accounting.

Basic  and  Diluted  Loss  per  Share
-------------------------------------
Basic  and  diluted  loss per share are computed by dividing the net loss by the
weighted  average  number  of shares outstanding during the year or period.  The
weighted  average  number of shares is calculated by taking the number of shares
outstanding and weighting them by the length of time that they were outstanding.

Outstanding  options  and warrants representing 10,240,856 and 10,194,561 shares
as  of  September  30,  2002 and 2001, respectively, have been excluded from the
calculation  of  diluted  loss  per  share  as  they  would  be  antidilutive.

Cash  and  Cash  Equivalents
----------------------------
For  purposes  of  its  statement  of  cash  flows,  the  Company  considers all
short-term  debt securities purchased with a maturity of three months or less to
be  cash  equivalents.


                                        7
<PAGE>
                              TREND MINING COMPANY
                          (AN EXPLORATION STAGE COMPANY)
                        NOTES TO THE FINANCIAL STATEMENTS
                               SEPTEMBER 30, 2002

NOTE  2  -  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES  (CONTINUED)

Compensated  Absences
---------------------
The  Company's  employees  are  entitled  to  paid  vacation, paid sick days and
personal  days  off depending on job classification, length of service and other
factors.  The  Company  estimates  that  the  amount  of compensation for future
absences  is minimal and immaterial for the periods ended September 30, 2002 and
2001.  Accordingly,  no liability has been recorded in the financial statements.
The  Company's  policy  is  to  recognize  the cost of compensated absences when
compensation  is  actually  paid  to  employees.

Comprehensive  Income  (Loss)
-----------------------------
The  Company reports comprehensive income (loss) in accordance with Statement of
Financial  Accounting  Standards  ("SFAS")  No.  130,  "Reporting  Comprehensive
Income."  Amounts are reported net of tax and include unrealized gains or losses
on  available  for  sale  securities.

Derivative  Instruments
-----------------------
The  Financial Accounting Standards Board ("FASB") issued Statement of Financial
Accounting  Standards  ("SFAS")  No. 133, "Accounting for Derivative Instruments
and  Hedging Activities," as amended by SFAS No. 137, "Accounting for Derivative
Instruments  and Hedging Activities - Deferral of the Effective Date of SFAS No.
133,"  and  SFAS  No.  138,  "Accounting  for Certain Derivative Instruments and
Certain Hedging Activities," which is effective for the Company as of January 1,
2001.  These  standards  establish  accounting  and  reporting  standards  for
derivative  instruments,  including  certain  derivative instruments embedded in
other  contracts,  and  for  hedging  activities.  They  require  that an entity
recognize  all  derivatives as either assets or liabilities in the balance sheet
and  measure  those  instruments  at  fair  value.

If  certain conditions are met, a derivative may be specifically designated as a
hedge, the objective of which is to match the timing of gain or loss recognition
on  the  hedging  derivative with the recognition of (i) the changes in the fair
value  of the hedged asset or liability that are attributable to the hedged risk
or  (ii)  the  earnings  effect  of  the  hedged  forecasted  transaction. For a
derivative  not  designated  as  a  hedging  instrument,  the  gain  or  loss is
recognized  in  income  in  the  period  of  change.

Historically,  the  Company  has  not entered into derivative contracts to hedge
existing  risks  or  for  speculative  purposes.

During  the years ended September 30, 2002 and 2001, the Company has not engaged
in  any  transactions that would be considered derivative instruments or hedging
activities.

Estimates
---------
The preparation of financial statements in conformity with accounting principles
generally  accepted  in the United States of America requires management to make
estimates  and  assumptions  that  affect  the  reported  amounts  of assets and
liabilities  and  disclosure of contingent assets and liabilities at the date of
the  financial  statements  and  the  reported  amounts of revenues and expenses
during  the reporting period.  Actual results could differ from those estimates.

Employee  and  Non-Employee  Stock  Compensation
------------------------------------------------
The  Company  values  common  stock  issued  to  employees and non-employees for
services, property and investments at the fair market value of the common stock,
which  is  the  closing  price  of  Company stock on the day of issuance.  If no
trading  occurred  on  that day, then the fair market value used is the lower of
the closing prices on the first previous day or the first following day on which
the  Company's  stock  was  traded.


                                        8
<PAGE>
                              TREND MINING COMPANY
                          (AN EXPLORATION STAGE COMPANY)
                        NOTES TO THE FINANCIAL STATEMENTS
                               SEPTEMBER 30, 2002

NOTE  2  -  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES  (CONTINUED)

Exploration  Costs
------------------
In accordance with accounting principles generally accepted in the United States
of  America,  the  Company  expenses  exploration costs as incurred. Exploration
costs  expensed  during  the  periods  ended  September  30,  2002 and 2001 were
$874,420  and  $410,553, respectively. As of September 30, 2002, the exploration
costs  expensed  during  the  Company's  exploration  stage  were  $2,764,787.

Exploration  Stage  Activities
------------------------------
The  Company  has  been in the exploration stage since October 1, 1996, when the
Company  emerged from a period of dormancy, and has no revenues from operations.
The  Company  is primarily engaged in the acquisition and exploration of mineral
properties. Should the Company locate a commercially viable reserve, the Company
would  expect  to  actively  prepare  the  site  for  extraction.  The Company's
accumulated  deficit  prior  to  the  exploration  stage  was  $558,504.

Fair  Value  of  Financial  Instruments
---------------------------------------
The  carrying  amounts  for  cash,  accounts  payable, loans payable and accrued
liabilities  approximate  their  fair  value.

Going  Concern
--------------
As shown in the accompanying financial statements, the Company has limited cash,
has  negative  working  capital,  has  no  revenues,  has incurred a net loss of
$1,168,171  for the year ended September 30, 2002 and has an accumulated deficit
of $8,315,106. These factors indicate that the Company may be unable to continue
in  existence  in  the  absence  of  receiving additional funding. The financial
statements  do  not  include  any  adjustments related to the recoverability and
classification  of  recorded  assets,  or  the  amounts  and  classification  of
liabilities  that might be necessary in the event the Company cannot continue in
existence.  The  Company's  management believes that it will be able to generate
sufficient  cash from public or private debt or equity financing for the Company
to  continue  to  operate  based  on  current  expense  projections.

Impaired  Asset  Policy
-----------------------
The  Company adopted Financial Accounting Standards Board statement SFAS No. 121
titled "Accounting for Impairment of Long-Lived Assets," which has been replaced
by  SFAS  No. 144, "Accounting for Impairment or Disposal of Long-Lived Assets."
In  complying  with  these  standards, the Company reviews its long-lived assets
quarterly to determine if any events or changes in circumstances have transpired
which  indicate  that  the  carrying value of its assets may not be recoverable.
The  Company  determines  impairment  by  comparing the undiscounted future cash
flows  estimated  to  be  generated  by  its assets to their respective carrying
amounts  whenever  events or changes in circumstances indicate that an asset may
not  be  recoverable.  Properties  are  acquired  and  recorded  at  fair values
negotiated  in  arm's  length  transactions.  The  Company expenses as costs the
exploration  and  maintenance  of  its  properties  and  claims.  If  results of
exploration  warrant an assessment of the carrying value of a mineral property's
acquisition cost, or if the Company has an indication that a property's recorded
fair value has declined, such costs will be reviewed and the related impairment,
if  any,  will  be  recognized  at  that  time.

Investment  Policies
--------------------
The  Company  uses  the  average  cost  method  to determine the gain or loss on
investment securities held as available-for-sale based upon the accumulated cost
bases  of  specific  investment  accounts.


                                        9
<PAGE>
                              TREND MINING COMPANY
                          (AN EXPLORATION STAGE COMPANY)
                        NOTES TO THE FINANCIAL STATEMENTS
                               SEPTEMBER 30, 2002

NOTE  2  -  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES  (CONTINUED)

Mineral  Properties
-------------------
The  Company capitalizes only amounts paid in cash or stock as consideration for
the  acquisition  of  real  property.  See  Note 3.  Properties are acquired and
recorded at fair values negotiated in arm's length transactions.  Costs and fees
paid to locate and maintain mining claims, to acquire options to purchase claims
or  properties,  and  to maintain the mineral rights and leases, are expensed as
incurred.  When a property reaches the production stage, the related capitalized
costs  will  be  amortized, using the units of production method on the basis of
periodic  estimates  of  ore  reserves.

Mineral  properties  are  periodically  assessed for impairment of value and any
diminution  in value is charged to operations at the time of impairment.  Should
a  property  be  abandoned,  its  unamortized  capitalized  costs are charged to
operations.  The  Company  charges  to  operations  the  allocable  portion  of
capitalized  costs  attributable  to  properties  sold.  Capitalized  costs  are
allocated  to  properties  abandoned  or  sold based on the proportion of claims
abandoned  or  sold  to  the  claims  remaining  within  the  project  area.

Option  and  Warrant  Fair  Value  Calculations
-----------------------------------------------
The  Company  utilizes  the  Black-Scholes valuation model to calculate the fair
value  of  options  and warrants issued for financing, acquisition, compensation
and  payment  for  services  purposes.  The  parameters  used in such valuations
include  a  risk  free  rate of 5.5%, the assumption that no dividends are paid,
exercise  periods  ranging from 1 week to 5.5 years, depending upon the terms of
the  instrument  issued,  and  a  volatility factor calculated annually based on
estimates  of  expected volatility, in accordance with SFAS No. 123. The Company
used  its  historic  volatility  data  to  develop  the  1998  estimate  of 30%,
consistent with its limited public trading in 1998. The volatility estimates for
calculation  purposes  reflect an average of Company data and volatility factors
reported  by two other mining companies at comparable stages in their respective
public  trading histories, resulting in expected volatilities of 55.12% in 1999,
48.05%  in  2000,  46.4%  in  2001  and  50%  in  2002.

Reverse  Stock  Split
---------------------
The  Company's  board  of  directors in 1999 authorized a 1 for 10 reverse stock
split  of  its  no  par  value common stock.  See Note 4.  All references in the
accompanying financial statements to the number of common shares outstanding and
per  share  amounts  have  been  restated  to  reflect  the reverse stock split.

Segment  Reporting
------------------
The  Company  adopted SFAS No. 131, "Disclosures about Segments of an Enterprise
and Related Information," in the fiscal year ended September 30, 1999.  SFAS No.
131 requires disclosures about products and services, geographic areas and major
customers.  The adoption of SFAS No. 131 did not affect the Company's results of
operations  or  financial  position.  The  Company's  mining properties were not
actively  engaged in any business activity.  The Company had no segments engaged
in  business  activities  at  September  30,  2002  and,  therefore,  no segment
reporting  is  required.

Recent  Accounting  Pronouncements
----------------------------------
In June 2001, the FASB issued SFAS No. 141, "Business Combinations" and SFAS No.
142,  "Goodwill  and  Other  Intangible  Assets."  SFAS No. 141 provides for the
elimination  of  the  pooling-of-interests  method  of  accounting  for business
combinations  with  an  acquisition  date of July 1, 2001 or later. SFAS No. 142
prohibits  the  amortization  of  goodwill  and  other  intangible  assets  with
indefinite  lives  and requires periodic reassessment of the underlying value of
such assets for impairment. SFAS No. 142 is effective for fiscal years beginning
after  December  15, 2001. An early adoption provision exists for companies with
fiscal  years  beginning after March 15, 2001.  The Company has adopted SFAS No.
142.  Application  of the nonamortization provision of SFAS No. 142 will have no
effect  on  the Company's financial statements as the Company does not currently
have  intangible  assets  with  indefinite  lives.


                                       10
<PAGE>
                              TREND MINING COMPANY
                          (AN EXPLORATION STAGE COMPANY)
                        NOTES TO THE FINANCIAL STATEMENTS
                               SEPTEMBER 30, 2002

NOTE  2  -  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES  (CONTINUED)

Recent  Accounting  Pronouncements  (continued)
-----------------------------------------------
In  October 2001, the FASB issued SFAS No. 143, "Accounting for Asset Retirement
Obligations."  SFAS  No. 143 establishes guidelines related to the retirement of
tangible  long-lived  assets of the Company and the associated retirement costs.
This  statement  requires  that  the  fair  value  of  a  liability for an asset
retirement  obligation  be recognized in the period in which it is incurred if a
reasonable  estimate of fair value can be made.  The associated asset retirement
costs  are  capitalized as part of the carrying amount of the long-lived assets.
This statement is effective for financial statements issued for the fiscal years
beginning  after  June  15,  2002  and with earlier application encouraged.  The
Company  adopted  SFAS  No.  143 and the adoption has no effect on the financial
statements  of  the  Company  at  September  30,  2002.

In October 2001, the FASB issued SFAS No. 144, "Accounting for the Impairment or
Disposal of Long-Lived Assets."  SFAS No. 144 replaces SFAS No. 121, "Accounting
for the Impairment of Long-Lived Assets and for Long-Lived Assets to Be Disposed
Of."  This  new  standard  establishes  a single accounting model for long-lived
assets  to  be disposed of by sale, including discontinued operations.  SFAS No.
144  requires  that these long-lived assets be measured at the lower of carrying
amount  or  fair  value  less  cost  to  sell,  whether  reported  in continuing
operations  or  discontinued  operations.  This statement is effective beginning
for  fiscal  years after December 15, 2001, with earlier application encouraged.
The Company adopted SFAS No. 144 and the adoption has no effect on the financial
statements  of  the  Company  at  September  30,  2002.

In  April 2002, the FASB issued SFAS No. 145, "Rescission of SFAS Statements No.
4,  44  and  64,  Amendment  of  SFAS  No. 13, and Technical Corrections," which
updates,  clarifies  and simplifies existing accounting pronouncements. SFAS No.
4,  which  required  all  gains and losses from the extinguishment of debt to be
aggregated and, if material, classified as an extraordinary item, net of related
tax  effect  was rescinded, and as a result, SFAS No. 64, which amended SFAS No.
4, was rescinded as it was no longer necessary. SFAS No. 145 amended SFAS No. 13
to eliminate an inconsistency between the required accounting for sale-leaseback
transactions  and  the required accounting for certain lease modifications which
have  economic  effects  similar  to  those  of  sale-leaseback  transactions.
Management  has  not yet determined the effect of adopting this Statement on the
financial  position  or  results  of operations, except for the need to classify
debt  extinguishments  as  ordinary.

In  June  2002,  the  FASB issued SFAS No. 146, "Accounting for Costs Associated
with  Exit  or  Disposal Activities."  SFAS No. 146 addresses significant issues
regarding  the  recognition, measurement, and reporting of costs associated with
exit  and disposal activities, including restructuring activities.  SFAS No. 146
also  addresses  recognition  of certain costs related to terminating a contract
that  is  not  a  capital  lease,  costs  to  consolidate facilities or relocate
employees, and termination benefits provided to employees that are involuntarily
terminated  under  the  terms  of  a one-time benefit arrangement that is not an
ongoing  benefit  arrangement  or  an individual deferred-compensation contract.
SFAS  No.  146 was issued in June 2002 and its adoption has had no impact on the
Company's  financial  position  or  results  of  operations.

Provision  for  Taxes
---------------------
Income taxes are provided based upon the liability method of accounting pursuant
to  SFAS  No.  109 "Accounting for Income Taxes."  Under this approach, deferred
income  taxes  are  recorded  to reflect the tax consequences on future years of
differences  between the tax basis of assets and liabilities and their financial
reporting  amounts  at each year-end.  A valuation allowance is recorded against
deferred tax assets if management does not believe the Company has met the "more
likely  than  not" standard imposed by SFAS No. 109 to allow recognition of such
an  asset.


                                       11
<PAGE>
                              TREND MINING COMPANY
                          (AN EXPLORATION STAGE COMPANY)
                        NOTES TO THE FINANCIAL STATEMENTS
                               SEPTEMBER 30, 2002

NOTE  2  -  SUMMARY  OF  SIGNIFICANT  ACCOUNTING  POLICIES  (CONTINUED)

Provision  for  Taxes  (continued)
----------------------------------
At  September 30, 2002, the Company had net deferred tax assets of approximately
$1,160,000, principally arising from net operating loss carryforwards for income
tax  purposes.  As  management  of  the Company cannot determine that it is more
likely  than  not  that the Company will realize the benefit of the net deferred
tax  asset,  a  valuation allowance equal to the net deferred tax asset has been
established  at  September  30,  2002.

At  September  30,  2002,  the  Company  has net operating loss carryforwards of
approximately  $3,860,000, which expire in the years 2001 through 2021.  The net
operating loss carryforwards do not include expenses that are not deductible for
tax  purposes,  such  as  compensation  expense,  in  the  amount  of $2,317,718
attributable  to  options and warrants issued to employees and consultants.  The
Company  also  owes  to  the  Internal  Revenue  Service  employment  taxes  of
approximately  $60,000  as  of  September  30,  2002.

Reclassification
----------------
Certain  amounts  from  prior  periods  have been reclassified to conform to the
current  period  presentation.  This reclassification has resulted in no changes
to  the  Company's  accumulated  deficit  or  net  losses  presented.

NOTE  3  -  MINERAL  PROPERTIES

The following describes the Company's significant mineral properties:

Wyoming  Properties
-------------------
During  the  year  ended  September 30, 1999, the Company entered into an option
agreement  with  General  Minerals  Corporation ("GMC") to acquire the Lake Owen
Project  located  in Albany County, Wyoming. The agreement with GMC entitled the
Company  to  receive 104 unpatented mining claims in exchange for 715,996 shares
of  common  stock,  $40,000  in  cash  to  be paid in four quarterly payments of
$10,000  and $750,000 in exploration expenditure commitments to be incurred over
a  three-year  option  period.  In  May  2000,  the Company issued an additional
129,938  shares  of common stock under this agreement for the acquisition of the
Lake  Owen  Project.

The  Company  and  GMC  subsequently  entered into an amendment to the agreement
under  which  (i)  the Company issued 416,961 shares of common stock to GMC upon
GMC's  exercise  of  preemptive  rights,  (ii)  the Company agreed to perform an
additional  $15,000  of  geophysical  work  on  the  Lake  Owen Project prior to
December  31,  2000  (subsequently  modified),  (iii) the Company issued 200,000
additional  shares  and warrants exercisable until June 2002 to purchase 200,000
shares at $0.70 per share, and (iv) GMC agreed to terminate its antidilution and
preemptive  rights  as  provided  in  the  original  agreement.  The Company has
expensed $295,873 for cash paid and common stock issued to acquire this project.
The  200,000  warrants  have  expired.  See  Note  5.

The Company has obtained an additional 497 unpatented mining claims in an agreed
area  of  interest  near  the  Lake  Owen  Project.

In  March  2002, the Company issued 1,100,000 shares, valued at $770,000 in full
satisfaction  of  cash  commitments  relating  to  exploration  activities.  The
issuance of these shares resulted in the full ownership of the Lake Owen Project
property.


                                       12
<PAGE>
                              TREND MINING COMPANY
                          (AN EXPLORATION STAGE COMPANY)
                        NOTES TO THE FINANCIAL STATEMENTS
                               SEPTEMBER 30, 2002

NOTE  3  -  MINERAL  PROPERTIES  (CONTINUED)

Wyoming  Properties  (continued)
--------------------------------
The  Company  also  staked  and  claimed  six claims known as the Albany Project
during  the  year  ended September 30, 1999.  These claims are located in Albany
County,  Wyoming.

The Company additionally staked and claimed 42 unpatented mining claims known as
the Spruce Mountain claims, 159 unpatented mining claims known as the Centennial
West  claims  (dropped on September 1, 2002), 34 unpatented mining claims at the
Douglas  Creek  property  and 121 unpatented mining claims known as the Keystone
property.  These  claims  are  also  located  in  Albany County, Wyoming.  As of
September  30, 2002, the Company owns a total of 804 unpatented mining claims in
Albany  County,  Wyoming.

Montana  Properties
-------------------
In  March 2000, the Company entered into a three-year lease and option agreement
under  which it had the right to acquire a 100% interest in the Intrepid claims.
Upon  entering  into  the agreement, the Company paid the claim owners $5,800 in
cash  and  100,000  shares of common stock. In the Company's acquisition of this
option,  it  expensed  $97,140  for  cash  paid  and  common  stock  issued.

Under  the  agreement,  the  Company  was obligated to incur minimal exploration
expenditures  of  $10,000  by  September  30, 2001, $15,000 by March 4, 2002 and
$15,000  by  March  4, 2003.  In addition, the Company must make advance royalty
payments  of $10,000 by March 4, 2001, $25,000 by March 4, 2002 and $35,000 each
year  thereafter.  In  March  2001,  the Company and the claim holders agreed to
replace  the March $10,000 advance royalty payment with a $9,000 payment due May
11,  2001.  In connection with this agreement, the Company issued to the holders
3,000  shares  of  common  stock  on  March  11, 2001 with an aggregate value of
$2,340.

Following  this  agreement, the Company was unable to make the May 11th payment.
On  May  24,  2001,  the  claim  holders agreed to a modification to continue to
extend this payment initially to June 5th, but this payment was also not made as
scheduled.  The Company issued an additional 1,000 shares with value of $850 and
paid  $1,000  in  cash  per  the  terms  of  the modification, which reduced the
outstanding  $9,000  payment  to  $8,000.  By  September  30,  2001, the Company
abandoned  all  of  its  interests  in  the  Intrepid  claims.

Other properties in Montana include the Vanguard Project and the McCormick Creek
Project, which is in Missoula County.  In 2000, the Company staked 121 claims in
regards  to  the  Vanguard  Project  and  explored  and staked 36 claims for the
McCormick  Creek  Project.  By September 30, 2001, the Company had abandoned all
of  its  interests  in  the  Vanguard  Project.

During  the year ended September 30, 2000, the Company entered into an agreement
in  which the Company acquired a 100% interest in four mineral leases covering a
total  of  920  acres  in  Missoula  County,  Montana.

Oregon  Property
----------------
During  the year ended September 30, 1999, the Company entered into an agreement
in  which  it  would  explore  and  stake five claims located in Jackson County,
Oregon  known as the Shamrock property.  All transactions were completed and the
Company  acquired  title  to  these  claims.  On  September 1, 2002, the Company
abandoned  all  of  its  interests  in  the  Jackson  County  claims.


                                       13
<PAGE>
                              TREND MINING COMPANY
                          (AN EXPLORATION STAGE COMPANY)
                        NOTES TO THE FINANCIAL STATEMENTS
                               SEPTEMBER 30, 2002

NOTE  3  -  MINERAL  PROPERTIES  (CONTINUED)

Nevada  Properties
------------------
During  the year ended September 30, 1999, the Company entered into an agreement
whereby  Mountain  Gold Exploration would explore and stake claims, transferring
title  to  the Company upon completion thereof.  Transactions were finalized for
13  claims  known  as  the  Hardrock  Johnson  Property located in Clark County,
Nevada.

During  March of 2000, the Company located and staked 31 unpatented claims known
as  the  Willow Springs claims.  These claims are located in Nye County, Nevada.
On  September  1, 2002, the Company abandoned all of its interests in the Willow
Springs  claims.

In  1979,  the  Company  acquired  the  Pyramid  Mine,  which  consists  of five
unpatented  lode mining claims within the Walker Indian Reservation near Fallon,
Nevada.  Pursuant  to  an  impairment  analysis  performed  by  the Company, the
Company wrote off its $70,333 investment in the Pyramid Mine, effective prior to
the  inception  of  the  Company's  exploration  stage.

The  Company sold the Pyramid Mine claims on November 12, 2001 to Calumet Mining
Company,  a  related  party, for 50,000 shares of common stock of Calumet Mining
Company.  This  company's stock was subsequently acquired by Western Goldfields,
Inc.  on  a  1 for 2 basis.  As a result, the Company now holds 25,000 shares of
Western  Goldfields,  Inc.  The  Company  retained  a  1.5%  net  smelter return
production  royalty  interest  in  the  Pyramid  Mine.  See  Notes  6  and  8.

California  Properties
----------------------
In mid-2000, the Company acquired 79 unpatented mining claims, known as the Pole
Corral  property,  in  Tehema  County,  California.  On  September  1, 2002, the
Company  abandoned  all  of  its  interests  in  the  Pole  Corral  property.

Canadian  Property
------------------
In August 2000, the Company entered into an agreement whereby Spectra Management
Corporation  would  on  behalf  of  the  Company  explore  and stake five claims
comprising  about  67,000  acres in northern Saskatchewan.  This property is now
known as the Peter Lake Claims.  The Company abandoned these claims in September
2002,  and  subsequently  restaked  them  in  December  2002.

Idaho  Property
---------------
The  Company  owned  the Silver Strand Mine in Idaho until it was disposed of in
July  2001.  The  Company  initially  entered  into an agreement with New Jersey
Mining  Company  (New  Jersey) whereby the Company received 50,000 shares of New
Jersey's  restricted  common  stock  in exchange for New Jersey's opportunity to
earn  a  100%  interest  less  a net smelter royalty in the Company's unpatented
claims  in  Kootenai  County,  Idaho.  In July 2001, the Company quitclaimed any
remaining interest in the Silver Strand property to Mine Systems Design, Inc. in
exchange  for  cancellation of $22,539 of outstanding invoices due Mine Systems.
The  Company  also transferred 50,000 shares of New Jersey stock to Mine Systems
Design  as  part  of  this  settlement.

NOTE  4  -  CAPITAL  STOCK

Preferred  Stock
----------------
Under  its  amended  Delaware certificate of incorporation, Trend authorized the
issuance  of  20,000,000 shares of preferred stock with a par value of $0.01 per
share,  with  rights  and preferences to be determined by the Company's board of
directors.


                                       14
<PAGE>
                              TREND MINING COMPANY
                          (AN EXPLORATION STAGE COMPANY)
                        NOTES TO THE FINANCIAL STATEMENTS
                               SEPTEMBER 30, 2002

NOTE  4  -  CAPITAL  STOCK  (CONTINUED)

Preferred  Stock  (continued)
-----------------------------
One  share of Series A preferred stock has been created and issued to Mr. Thomas
S.  Kaplan under an agreement which requires the holder's approval of all common
and preferred stock and equity issuances until such time as Mr. Kaplan, Electrum
LLC  or Mr. Asher B. Edelman no longer beneficially own more than twenty percent
of  the  Company's outstanding stock. Holders of the Company's common stock will
vote  on  the  continued  existence  of  the  Series  A  preferred stock at each
subsequent  annual  meeting.  In the event that the Company's preferred stock is
not continued, the outstanding share of Series A preferred stock can be tendered
for  one  share  of  the  Company's  common  stock. Subsequent to this reporting
period,  this  one  share  was  cancelled.  See  Note  13.

Common  Stock
-------------
On March 28, 2001, the Company completed its reincorporation in Delaware.  Under
its  amended  certificate  of  incorporation,  Trend  authorized the issuance of
100,000,000  shares  of  common  stock  with  a  par  value  of $0.01 per share.

On  February  16,  1999,  the Company's board of directors authorized a 1 for 10
reverse  stock split of the Company's no par value common stock.  As a result of
the  split,  26,356,430 shares were retired.  All references in the accompanying
financial  statements  to  the number of common shares and per-share amounts for
the  periods  presented  have  been restated to reflect the reverse stock split.

During  the  year  ended September 30, 2002, the Company issued 25,000 shares of
common stock valued at $25,000 for a note payable, 12,536 shares of common stock
valued  at  $6,895 for accounts payable, 1,100,000 shares of common stock valued
at  $770,000  for  mineral  property,  112,500  shares of common stock valued at
$54,750  for  services,  82,429  shares  of  common  stock valued at $36,193 for
financing  expense  and  2,500,000  shares  of  common  stock for $250,000 cash.

During  the  year  ended September 30, 2001, the Company issued 69,161 shares of
common stock valued at $60,802 for services, 5,200 shares of common stock valued
at  $5,880 as compensation, 33,333 shares of common stock from options exercised
by an employee for cash of $10,000, 75,000 shares valued at $63,750 to directors
as  compensation,  3,000  shares valued at $2,340 to modify an agreement, 10,000
shares  valued  at  $8,000  in lieu of interest on unpaid invoices, 1,000 shares
valued  at  $850  for  mineral property expenses, 192,000 shares of common stock
sold for $192,000 cash as a private placement and 134,500 shares of common stock
valued  at  $134,500  for  loans  payable.

See Note 5 regarding future loan repayments in units of Trend securities.

The following table discloses the Company's stock and equity transactions during
its  exploration  stage.  This  information meets the disclosure requirements of
SFAS  No.  7  for  development and exploration stage disclosures.  The following
abbreviations  are used in the table:  CS for Common Stock; OPT for Options; and
WAR  for  Warrants.


                                       15
<PAGE>
                              TREND MINING COMPANY
                          (AN EXPLORATION STAGE COMPANY)
                        NOTES TO THE FINANCIAL STATEMENTS
                               SEPTEMBER 30, 2002

NOTE  4  -  CAPITAL  STOCK  (CONTINUED)

<TABLE>
<CAPTION>
                                                                               COMMON   ADDITIONAL
                                                        NUMBER OF  PRICE PER    STOCK     PAID-IN      TOTAL     NUMBER OF
                                            ISSUE DATE   SHARES      SHARE     AMOUNT     CAPITAL      AMOUNT     OPTIONS
                                            ----------  ---------  ----------  -------  -----------  ----------  ---------
<S>                                         <C>         <C>        <C>         <C>      <C>          <C>         <C>
BALANCE, OCTOBER 1, 1996                                1,754,242  $        -  $17,542  $   663,218  $  680,760

CS for Cash                                 03/25/1997    200,000        0.50    2,000       98,000     100,000
CS for Payment of liabilities and expenses  09/30/1997     45,511        0.50      455       22,301      22,756

BALANCE SEPTEMBER 30, 1997                              1,999,753               19,998      783,518     803,516

CS for Mineral property                     07/23/1998    150,000        0.50    1,500       73,500      75,000
CS for Cash                                 07/23/1998      7,500        0.20       75        1,425       1,500
CS for Lease termination                    07/23/1998     12,000        0.50      120        5,880       6,000
CS for Debt                                 07/23/1998     80,000        0.50      800       39,200      40,000
OPT for Financing                           09/24/1998                                                             180,000
CS for Compensation                         09/30/1998      9,000        0.50       90        4,410       4,500

BALANCE September 30, 1998                              2,258,253               22,583      907,933     930,516    180,000

CS for Debt, investment and expenses        10/12/1998      9,210        0.30       92        2,671       2,763
CS for Equipment                            10/30/1998    600,000        0.30    6,000      174,000     180,000
CS for Cash                                 11/28/1998      5,000        0.20       50          950       1,000
CS for Officers' compensation               12/31/1998     30,858        0.44      309       13,191      13,500
CS for Directors' compensation              01/25/1999     16,500        0.25      165        3,960       4,125
CS for Officers' compensation               01/31/1999      8,572        0.35       86        2,914       3,000
CS for Officers' compensation               03/31/1999     24,000        0.25      240        5,760       6,000
CS for Consulting services                  03/31/1999      6,000        0.25       60        1,440       1,500
CS for Consulting services                  04/30/1999     32,000        0.28      320        8,640       8,960
CS for Officers' compensation               04/30/1999     12,000        0.28      120        3,240       3,360
CS for Consulting services                  05/31/1999     73,333        0.25      733       17,600      18,333
CS for Consulting services                  06/30/1999     34,353        0.25      344        8,244       8,588
CS for Officers' compensation               06/30/1999     50,000        0.16      500        7,500       8,000
CS for Consulting services                  06/30/1999     95,833        0.16      958       14,375      15,333
CS for Consulting services                  07/06/1999      5,000        0.25       50        1,200       1,250
OPT for Financing activities                07/22/1999                                                              50,000
CS for Mineral property option              07/27/1999    715,996        0.13    7,160       82,471      89,631
CS for Cash                                 07/29/1999     33,333        0.15      333        4,667       5,000
CS for Consulting services                  07/30/1999    146,603        0.12    1,466       16,126      17,592
CS for Consulting services                  07/31/1999    133,697        0.12    1,337       14,707      16,044
CS for Officers' compensation               07/31/1999     41,667        0.12      417        4,583       5,000
CS for Cash                                 08/04/1999     16,667        0.15      167        2,333       2,500
CS for Rent                                 08/09/1999      1,000        0.25       10          240         250
OPT for Financing activities                08/13/1999                                                             100,000
CS for Cash                                 08/15/1999     50,000        0.05      500        2,000       2,500
CS for Consulting services                  08/17/1999      5,000        0.25       50        1,200       1,250
CS for Cash                                 08/17/1999    100,000        0.05    1,000        4,000       5,000
CS for Cash                                 08/26/1999    100,000        0.10    1,000        9,000      10,000
CS for Consulting services                  08/31/1999    159,750        0.25    1,598       38,341      39,938
CS for Prepaid expenses                     09/10/1999     50,000        0.33      500       16,000      16,500
CS for Cash                                 09/10/1999     50,000        0.10      500        4,500       5,000
CS for Cash                                 09/13/1999    200,000        0.05    2,000        8,000      10,000
CS for Consulting services                  09/30/1999     80,053        0.26      801       20,013      20,814
CS for Officers' compensation               09/30/1999    133,333        0.26    1,333       33,334      34,667
CS for Consulting services                  09/30/1999     67,500        0.26      675       16,875      17,550

BALANCE SEPTEMBER 30, 1999                              5,345,511               53,455    1,452,009    1,505,464   330,000


                                                       VALUE OF
                                            NUMBER OF  OPTIONS/
                                            WARRANTS   WARRANTS
                                            ---------  ---------
<S>                                         <C>        <C>
BALANCE, OCTOBER 1, 1996                               $       -

CS for Cash
CS for Payment of liabilities and expenses

BALANCE SEPTEMBER 30, 1997

CS for Mineral property
CS for Cash
CS for Lease termination
CS for Debt
OPT for Financing                                          2,659
CS for Compensation

BALANCE September 30, 1998                                 2,659

CS for Debt, investment and expenses
CS for Equipment
CS for Cash
CS for Officers' compensation
CS for Directors' compensation
CS for Officers' compensation
CS for Officers' compensation
CS for Consulting services
CS for Consulting services
CS for Officers' compensation
CS for Consulting services
CS for Consulting services
CS for Officers' compensation
CS for Consulting services
CS for Consulting services
OPT for Financing activities
CS for Mineral property option
CS for Cash
CS for Consulting services
CS for Consulting services
CS for Officers' compensation
CS for Cash
CS for Rent
OPT for Financing activities
CS for Cash
CS for Consulting services
CS for Cash
CS for Cash
CS for Consulting services
CS for Prepaid expenses
CS for Cash
CS for Cash
CS for Consulting services
CS for Officers' compensation
CS for Consulting services

BALANCE SEPTEMBER 30, 1999                                 2,659
</TABLE>


                                       16
<PAGE>
                              TREND MINING COMPANY
                          (AN EXPLORATION STAGE COMPANY)
                        NOTES TO THE FINANCIAL STATEMENTS
                               SEPTEMBER 30, 2002

NOTE  4  -  CAPITAL  STOCK  (CONTINUED)

<TABLE>
<CAPTION>
                                                                     COMMON   ADDITIONAL
                                            NUMBER OF   PRICE PER    STOCK      PAID-IN      TOTAL      NUMBER OF   NUMBER OF
                               ISSUE DATE    SHARES       SHARE      AMOUNT     CAPITAL      AMOUNT      OPTIONS    WARRANTS
                               ----------  -----------  ----------  --------  -----------  ----------  -----------  ---------
<S>                            <C>         <C>          <C>         <C>       <C>          <C>         <C>          <C>
BALANCE SEPTEMBER 30, 1999                  5,345,511   $        -  $ 53,455  $ 1,452,009  $1,505,464     330,000

CS for Consulting services     10/04/1999      50,000         0.26       500       12,500      13,000
CS for Cash                    10/22/1999      25,000         0.20       250        4,750       5,000
CS for Consulting services     10/31/1999     273,675         0.31     2,737       82,103      84,840
CS for Officers' compensation  11/30/1999      52,694         0.31       527       15,807      16,334
CS for Consulting services     11/30/1999       4,327         0.31        43        1,298       1,341
CS, OPT & WAR for Cash         12/31/1999   1,000,000        0.012    10,000        2,414      12,414   8,108,000   6,250,000
CS for Consulting services     12/31/1999       1,200         0.35        12          408         420
CS for Consulting services     01/04/2000      15,000         0.28       150        4,050       4,200
CS for Investments             01/15/2000     200,000         0.33     2,000       64,000      66,000
CS for Incentive fees          01/17/2000      65,285         0.33       653       20,891      21,544
OPT Expiration                 01/22/2000                                                                 (50,000)
CS for Cash                    01/25/2000      14,286         0.35       143        4,857       5,000
CS for Cash from options       02/22/2000   1,000,000        0.142    10,000      131,900     141,900  (1,000,000)
CS & OPT for Employees'
compensation                   02/25/2000      16,667         0.66       167       10,833      11,000      33,333
CS for Consulting services     02/29/2000      10,000         0.72       100        7,100       7,200
CS for Mineral property        03/24/2000      50,000         1.03       500       51,000      51,500
CS for Cash from options       03/27/2000   2,500,000        0.142    25,000      329,750     354,750  (2,500,000)
CS for Consulting services     03/31/2000      75,000         0.81       750       60,000      60,750
CS for Officers' compensation  03/31/2000       3,000         0.81        30        2,400       2,430
CS for Mineral property        04/04/2000      50,000         0.75       500       37,000      37,500
CS & OPT for Directors'
compensation                   04/11/2000     150,000         0.70     1,500      103,500     105,000      67,000
CS for Deferred mineral
property acquisition costs     05/08/2000     129,938        0.125     1,299       14,943      16,242
CS for Consulting services     05/15/2000       9,975         0.63       100        6,184       6,284
CS for Cash                    06/26/2000     416,961        0.056     4,170       19,361      23,531
CS & WAR for Modification
of stockholder agreement       06/26/2000     200,000         0.60     2,000      118,000     120,000                 200,000
OPT & WAR for
Modification of stockholder
agreement                      06/27/2000                                                               1,729,762   1,729,761
CS for Cash from options       06/29/2000   1,597,588        0.064    15,976       86,740     102,716  (1,597,588)
CS for Officers' compensation  06/30/2000       9,000         0.81        90        7,185       7,275
CS for Consulting services     06/30/2000       1,000         0.70        10          690         700
OPT Agreement Modification     07/07/2000                                                                (127,500)
CS for Cash from options       07/14/2000      10,000         0.30       100        2,900       3,000     (10,000)
CS for Cash from options       07/21/2000   1,800,000        0.122    18,000      201,060     219,060  (1,800,000)
CS for Cash from options       07/26/2000     650,000        0.122     6,500       72,605      79,105    (650,000)
CS for Officers' compensation  07/31/2000       3,000         1.24        30        3,690       3,720
CS for Cash from options       08/01/2000      50,000         0.15       500        7,000       7,500     (50,000)
CS for Cash from options       08/01/2000      50,000         0.30       500       14,500      15,000     (50,000)
CS for Cash from options       08/14/2000      90,000        0.122       900       10,053      10,953     (90,000)
CS for Cash from options       08/24/2000   1,000,000        0.122    10,000      111,700     121,700  (1,000,000)
CS for Directors
 compensation                  08/25/2000       1,500         1.00        15        1,485       1,500
CS for Cash from options       08/31/2000      15,000         0.30       150        4,350       4,500     (15,000)
CS for Officers' compensation  08/31/2000       1,000         1.13        10        1,120       1,130
CS for Cash from options       09/22/2000   1,200,174        0.122    12,002      134,720     146,722  (1,200,174)
CS for Consulting services     09/22/2000      90,000         1.45       900       72,000      72,900
CS for Officers' compensation  09/30/2000       6,000         1.35        60        8,040       8,100
Cash for Warrants              09/30/2000
CS/ WAR Adjustment             09/30/2000          (5)

BALANCE SEPTEMBER 30, 2000                 18,232,776                182,328    3,296,897   3,479,225     127,833   8,179,761


                                VALUE OF
                                OPTIONS/
                                WARRANTS
                               ----------
<S>                            <C>
BALANCE SEPTEMBER 30, 1999     $   2,659

CS for Consulting services
CS for Cash
CS for Consulting services
CS for Officers' compensation
CS for Consulting services
CS, OPT & WAR for Cash            87,586
CS for Consulting services
CS for Consulting services
CS for Investments
CS for Incentive fees
OPT Expiration
CS for Cash
CS for Cash from options          (1,900)
CS & OPT for Employees'
compensation                       3,070
CS for Consulting services
CS for Mineral property
CS for Cash from options          (4,750)
CS for Consulting services
CS for Officers' compensation
CS for Mineral property
CS & OPT for Directors'
compensation                      12,750
CS for Deferred mineral
property acquisition costs
CS for Consulting services
CS for Cash
CS & WAR for Modification
of stockholder agreement          30,000
OPT & WAR for
Modification of stockholder
agreement                         14,641
CS for Cash from options          (2,716)
CS for Officers' compensation
CS for Consulting services
OPT Agreement Modification
CS for Cash from options
CS for Cash from options         (12,060)
CS for Cash from options          (4,355)
CS for Officers' compensation
CS for Cash from options
CS for Cash from options
CS for Cash from options            (603)
CS for Cash from options          (6,700)
CS for Directors
 compensation
CS for Cash from options
CS for Officers' compensation
CS for Cash from options          (8,702)
CS for Consulting services
CS for Officers' compensation
Cash for Warrants                 10,000
CS/ WAR Adjustment

BALANCE SEPTEMBER 30, 2000       118,920
</TABLE>


                                       17
<PAGE>
<TABLE>
<CAPTION>
                              TREND MINING COMPANY
                          (AN EXPLORATION STAGE COMPANY)
                        NOTES TO THE FINANCIAL STATEMENTS
                               SEPTEMBER 30, 2002

NOTE  4  -  CAPITAL  STOCK  (CONTINUED)

                                                                    COMMON
                                           NUMBER OF   PRICE PER    STOCK       ADDITIONAL       TOTAL     NUMBER OF   NUMBER OF
                               ISSUE DATE    SHARES      SHARE      AMOUNT   PAID-IN CAPITAL     AMOUNT     OPTIONS     WARRANTS
                               ----------  ----------  ----------  --------  ----------------  ----------  ----------  ----------
<S>                            <C>         <C>         <C>         <C>       <C>               <C>         <C>         <C>
BALANCE SEPTEMBER 30, 2000                 18,232,776  $        -  $182,328  $      3,296,897  $3,479,225    127,833   8,179,761

CS for Cash from options       10/10/2000      33,333        0.39       333            12,737      13,070    (33,333)
CS for Consulting services     10/15/2000      10,000        1.15       100            11,400      11,500
CS for Officers' compensation  10/31/2000       3,000        1.30        30             3,870       3,900
WAR for Consulting services    11/01/2000                                                                                250,000
CS for Employees'
compensation                   12/06/2000       2,200        0.90        22             1,958       1,980
CS for Cash                    12/20/2000     100,000        1.00     1,000            99,000     100,000
WAR for Consulting services    12/31/2000                                                                                180,000
CS for Consulting services     01/02/2001      10,000        1.35       100            13,400      13,500
CS for Cash                    01/11/2001      47,000        1.00       470            46,530      47,000
CS for Consulting services     01/11/2001       3,407        1.00        34             3,373       3,407
CS for Consulting services     01/23/2001         604        1.10         6               658         664
CS for Cash                    01/24/2001      25,000        1.00       250            24,750      25,000
WAR for Loan agreements        02/01/2001                                                                                285,000
CS for Cash                    02/06/2001      20,000        1.00       200            19,800      20,000
CS for Consulting services     02/06/2001         483        1.00         5               478         483
CS for Directors'
compensation                   02/23/2001      75,000        0.85       750            63,000      63,750
OPT for Director, officer and
employee compensation          02/23/2001                                                                  1,200,000
WAR for Loan agreements        03/12/2001                                                                                 50,000
WAR Extension of exercise
period                         03/12/2001
CS for Modification of
contract                       03/22/2001       3,000        0.78        30             2,310       2,340
CS for Interest payments         04/03/01       5,000        0.83        50             4,100       4,150
CS for Consulting Services       04/13/01         967        0.98        10               938         948
CS for Mineral Property
Expense                          05/11/01       1,000        0.85        10               840         850
WAR for Loan agreement           07/01/01                                                                                185,000
CS for Services                  07/31/01      40,000        0.73       400            28,800      29,200
CS for Interest payments         08/08/01       5,000        0.77        50             3,800       3,850
WAR Attached to note             08/16/01                                                                                 90,000
CS for Services                  08/28/01       3,700        0.30        37             1,063       1,100
CS for Loans Payable             08/31/01      92,000        1.00       920            91,080      92,000
CS for Loans Payable             09/28/01      42,500        1.00       425            42,075      42,500
Options Expired                                                                                             (319,700)

BALANCE SEPTEMBER 30, 2001                 18,755,970               187,559         3,772,857   3,960,416    974,800   9,219,761

CS for Note Payable              10/08/01      25,000        1.00       250            24,750      25,000
CS for Payable                   10/24/01      12,536        0.55       126             6,769       6,895
WAR for Loan agreements          11/01/01                                                                                129,445
WAR Cancelled                    11/15/01                                               2,750       2,750               (275,000)
CS for Financing expense          1/25/02      64,429        0.45       644            28,349      28,993
Interest Expense forgiven by
shareholders                      1/30/02                                              42,950      42,950
WAR Issued                        1/30/02                                                                                180,000
CS for Financing expense           2/8/02      18,000        0.40       180             7,020       7,200
CS for Services                    2/8/02      60,000        0.40       600            23,400      24,000
CS for Services                   2/22/02      20,000        0.40       200             7,800       8,000
OPT for Director, officer and
employee compensation             3/12/02                                                                    307,800
Options Expired                   3/12/02                                              59,063      59,063   (196,863)
CS for Mineral properties         3/20/02   1,100,000        0.70    11,000           759,000     770,000
CS for Services                   5/12/02      32,500        0.70       325            22,425      22,750
WAR for Loan agreements           6/30/02                                                                                113,413
WAR Expired                       6/30/02                                              30,001      30,001               (200,000)
Options Expired                   7/19/02                                                                    (12,500)
CS for Cash                       9/30/02   2,500,000        0.10    25,000           225,000     250,000

BALANCE SEPTEMBER 30, 2002                 22,588,435              $225,884  $      5,012,134  $5,238,018  1,073,237   9,167,619


                                VALUE OF
                                OPTIONS/
                                WARRANTS
                               -----------
<S>                            <C>
BALANCE SEPTEMBER 30, 2000     $  118,920

CS for Cash from options           (3,070)
CS for Consulting services
CS for Officers' compensation
WAR for Consulting services       123,775
CS for Employees'
compensation
CS for Cash
WAR for Consulting services        46,746
CS for Consulting services
CS for Cash
CS for Consulting services
CS for Consulting services
CS for Cash
WAR for Loan agreements            76,551
CS for Cash
CS for Consulting services
CS for Directors'
compensation
OPT for Director, officer and
employee compensation             354,000
WAR for Loan agreements            13,430
WAR Extension of exercise
period                            608,058
CS for Modification of
contract
CS for Interest payments
CS for Consulting Services
CS for Mineral Property
Expense
WAR for Loan agreement             45,079
CS for Services
CS for Interest payments
WAR Attached to note                6,487
CS for Services
CS for Loans Payable
CS for Loans Payable
Options Expired

BALANCE SEPTEMBER 30, 2001      1,389,976

CS for Note Payable
CS for Payable
WAR for Loan agreements             9,876
WAR Cancelled                      (2,750)
CS for Financing expense
Interest Expense forgiven by
shareholders
WAR Issued                         21,660
CS for Financing expense
CS for Services
CS for Services
OPT for Director, officer and
employee compensation              29,528
Options Expired                   (59,063)
CS for Mineral properties
CS for Services
WAR for Loan agreements            23,816
WAR Expired                       (30,001)
Options Expired
CS for Cash

BALANCE SEPTEMBER 30, 2002     $1,383,042
</TABLE>


                                       18
<PAGE>
                              TREND MINING COMPANY
                          (AN EXPLORATION STAGE COMPANY)
                        NOTES TO THE FINANCIAL STATEMENTS
                               SEPTEMBER 30, 2002

NOTE 5 - COMMON STOCK OPTIONS AND WARRANTS

On  February  23,  2001, the Company's shareholders approved the adoption of the
2000  Equity  Incentive  Plan  and the reservation of 5,000,000 shares of common
stock  for  distribution  under  the  plan.  These shares and options to acquire
those  shares  may  be  granted  to  the  Company's  employees,  directors  and
consultants.  The plan will terminate on January 4, 2011.  The exercise price of
options  granted  under this plan will not be less than the fair market price on
the date of grant and in some cases not less than 110% of the fair market price.
The  terms,  vesting schedule, transfer restrictions and expiration dates are to
be  determined  by  the  Company's  board  of  directors.

In  the  Black-Scholes  Option  Price  Calculations  below, the Company used the
following  assumptions  to  estimate fair value: the risk-free interest rate was
5.5%, volatility was 46.4% in 2001 and 50% in 2002, and the expected life of the
options  and  warrants  varied  from  one  week  to 5.5 years.  The Company also
assumed  that  no  dividends  would  be  paid  on  common  stock.

During  2002,  for  purposes  of  compensation,  the  Company granted an officer
107,800  options  which  expire  February  23,  2004 and granted to a consultant
200,000  options  which  expire March 3, 2006.  These options, all with exercise
prices  of  $0.80  per  share,  were  estimated  on  the  grant  date  using the
Black-Scholes  Option  Price  Calculation  and  had  a  fair  value  of $29,528.

On  January  8, 2002, a stockholder loaned the Company $30,000.  This loan bears
interest  at  8% per annum and is due upon the Company's completion of a private
equity  placement and concurrently and proportionally with any amounts repaid to
Electrum  LLC  or any others having provided loan facilities of this type to the
Company.  Attached  to  each  dollar of debt is a warrant with a strike price of
$1.50,  exercisable  through  January  9, 2004.  The lender may also elect to be
repaid  partially  or  completely in "units" of Trend securities, at the rate of
one  unit  per  each $1.25 owed.  Each unit would consist of one share of common
stock  and  a  warrant to purchase one share of common stock at $1.50 per share,
originally  exercisable  through  September  30, 2006.  On January 30, 2002, the
aforementioned  stockholder  forgave  interest  due  in  the  amount  of $138 in
exchange  for  the  adjustment  to  the conversion feature, such as Electrum was
granted,  which  is  explained  later  in  this  Note.

During  2002,  LCM  Holdings, LLC loaned the Company $113,413.  These loans have
the  warrants  and  conversion  feature  attached  to  them, as described in The
January  30,  2002  Financing  Agreement, which is explained later in this Note.

On February 23, 2001, the Company issued under the 2000 Equity Incentive Plan to
its  five  non-employee  directors an aggregate of 75,000 shares of common stock
and  options  to acquire 75,000 shares with an exercise price of $0.80 per share
exercisable  until February 23, 2004.  The Company also issued under the plan to
certain  employees options to acquire 1,125,000 shares with an exercise price of
$0.80  per  share  exercisable until February 23, 2004.  The total fair value of
the options issued to directors and employees, estimated on the grant date using
the  Black-Scholes  Option  Price  Calculation  was  $354,000.

In  a note dated August 16, 2001, a stockholder loaned the Company $90,000.  One
warrant  is  attached  to  each  dollar  of  debt, with a strike price of $1.50,
exercisable  through  June 9, 2004.  The fair value of these warrants, estimated
on  the grant date using the Black-Scholes Option Price Calculation, was $6,487.
This  same  stockholder,  on  October  2, 2001, loaned the Company an additional
$10,000  under the same terms as the $90,000 loan.  The warrants attached to the
October  loan  are  exercisable  until January 9, 2004.  The fair value of these
warrants,  estimated  on  the  grant  date  using the Black-Scholes Option Price
Calculation,  was  $840.  See  Note  6.  On  January  30, 2002, this stockholder
forgave  interest due her in the amount of $3,299 in exchange for the adjustment
to  the  conversion  feature,  such  as Electrum was granted, which is explained
later  in  this  Note.


                                       19
<PAGE>
                              TREND MINING COMPANY
                          (AN EXPLORATION STAGE COMPANY)
                        NOTES TO THE FINANCIAL STATEMENTS
                               SEPTEMBER 30, 2002

NOTE 5 - COMMON STOCK OPTIONS AND WARRANTS (CONTINUED)

LCM  Holdings, LLC loaned the Company $119,445 in a note dated October 22, 2001.
One  warrant  is  attached to each dollar of debt, with a strike price of $1.50,
exercisable  through  January  9,  2004.  The  fair  value  of  these  warrants,
estimated  on  the  grant date using the Black-Scholes Option Price Calculation,
was  $9,036.  On January 30, 2002, LCM Holdings, LLC forgave interest due in the
amount  of $2,129 for the adjustment to the conversion feature, such as Electrum
was  granted,  which  is  explained  later  in  this  Note.

On  November  8,  2000,  effective  November 1, 2000, the Company entered into a
24-month agreement with Eurofinance Inc. under which the entity would assist the
Company with certain investment community matters in return for a monthly fee of
$5,000,  plus  expenses, and warrants to purchase 820,000 shares of common stock
at  $1.50  per  share.  The warrants were exercisable until November 1, 2005. In
early  January  2001,  this agreement was terminated, with the Company no longer
obligated for the remaining monthly fees, and with only the warrants for 250,000
shares that vested on November 1, 2000 remaining outstanding.  The fair value of
these  warrants  was  estimated on the grant date using the Black-Scholes Option
Price  Calculation,  which  was  $123,775.

On November 17, 2000, the Company entered into a consulting agreement with R. H.
Barsom  Company, Inc., under which the consultant would perform certain services
for  the Company until June 30, 2001, for an advance fee of $100,000 and 180,000
shares  of  common stock.  In early January 2001, the Company and the consultant
agreed  to  terminate  the  agreement.  In  connection with the termination, the
consultant  surrendered the 180,000 shares of common stock and received warrants
to  purchase  180,000  shares  of the Company's common stock at $1.50 per share,
exercisable  until January 12, 2003.  The fair value of these warrants estimated
on  the grant date using the Black-Scholes Option Price Calculation was $46,746,
which was included in consulting expenses for the year ended September 30, 2001.

Electrum LLC/Tigris Financial Group Ltd.
----------------------------------------
On  December  29, 1999, the Company entered into a stock purchase agreement with
Tigris  Financial  Group  Ltd. ("Tigris") under which Tigris purchased 1,000,000
shares  of  the Company's common stock for $100,000, was granted an option until
March  28,  2000 to acquire up to an additional 3,500,000 shares of common stock
for  an  exercise  price of $0.14 per share, (or $490,000 in the aggregate), and
was  granted  an  option  to  purchase,  for  $10,000,  warrants  to purchase an
additional  6,250,000  shares of the Company's common stock at an exercise price
of $0.40 per share.  The Company used the Black-Scholes Option Price Calculation
effective as of the transaction date and estimated the fair values to be $37,524
for  the option and $50,062 for the warrants.  On March 8, 2000, Tigris assigned
its  rights  under the stock purchase agreement to Electrum LLC ("Electrum"), an
affiliate.

Electrum  exercised  its  option  and acquired 3,500,000 shares of the Company's
common  stock in February and March of 2000.  Pursuant to the terms of the stock
purchase  agreement, Electrum received an option to purchase up to an additional
4,608,000  shares  of common stock.  This agreement was subsequently modified to
enable  Electrum  to  acquire up to an additional 1,597,588 shares at $0.062 per
share  and  to acquire up to 4,740,174 shares at an exercise price of $0.115 per
share.  In  addition,  the  option  to  purchase warrants was modified to enable
Electrum  to purchase, for $10,000, warrants to buy up to 7,979,761 shares at an
exercise  price  of  $0.40  per  share  until  September  20, 2003.  The Company
utilized  the  Black-Scholes Option Price Calculation to estimate the fair value
of  the  modifications  as of the grant date and recorded $4,262 for the options
and  $10,379  for  the  warrants.  The  $14,641  total  amount  was charged as a
financing  expense.


                                       20
<PAGE>
                              TREND MINING COMPANY
                          (AN EXPLORATION STAGE COMPANY)
                        NOTES TO THE FINANCIAL STATEMENTS
                               SEPTEMBER 30, 2002

NOTE 5 - COMMON STOCK OPTIONS AND WARRANTS (CONTINUED)

Electrum LLC/Tigris Financial Group Ltd. (continued)
----------------------------------------------------
Electrum has exercised all of its options to purchase the Company's common stock
and  its option to purchase the warrants.  In connection with its acquisition of
those  shares,  Electrum has assigned 5,530,174 shares and 1,000,000 warrants to
third  parties.

Pursuant  to certain loan agreements, the Company issued warrants to Electrum to
acquire  285,000 shares at $1.50 per share in February 2001, exercisable through
September  30,  2003,  warrants  to  acquire 50,000 shares at $1.50 per share in
March  2001,  exercisable  through  September  30, 2006, and warrants to acquire
185,000  shares  at  $1.50 per share in July 2001, exercisable through September
30,  2006.  The  Company also extended through September 30, 2006 the expiration
dates  of  the 285,000 warrants, together with the warrants to acquire 7,979,761
shares.  The  fair  values  of  the  285,000  warrants, 50,000 warrants, and the
185,000  warrants estimated on their respective grant dates, as modified for the
expiration  date  extension  in  the  case  of  the  285,000 warrants, using the
Black-Scholes  Option  Price  Calculation,  were  $76,551,  $13,430 and $45,079,
respectively.  The fair value of the modification to extend the expiration date,
estimated  as  of the date of the modification for the 7,979,761 warrants, using
the  Black-Scholes  Option Price Calculation, was $608,058, which was charged to
financing  expense.

Pursuant  to  a  2002  agreement ("The January 30, 2002 Financing Agreement") to
readjust certain terms of loans and warrants, the Company borrowed an additional
$150,000  from Electrum and Electrum waived accrued interest owed by the Company
as  of  January  29,  2002 totaling $37,384.  In consideration of the additional
loan  and waiver, the Company issued to Electrum additional warrants to purchase
150,000  shares  of  common  stock for $1.00 per share through January 30, 2007.
Electrum  may,  in  its sole discretion, elect to be repaid the $150,000 loan by
converting the amount outstanding into units of the Company's securities, at the
rate of one unit per $0.50 of loans converted.   Each unit consists of one share
of  common  stock and a warrant to purchase one share of common stock at a price
of  $0.50  per  share,  exercisable  though  January 30, 2007.  In addition, the
Company  and  Electrum  agreed  to amend the prior loan agreements to reduce the
conversion  rate  of  the  existing  units, previously at a rate of one unit per
$1.25  of loans converted to a rate of one unit per $0.50 of loans converted and
to reduce the exercise price of the warrants included in the units from $1.50 to
$1.00  per  share.  In  addition, the exercise price of warrants included in the
units  to purchase a total of 520,000 shares of common stock, owned by Electrum,
was  reduced from a price of $1.50 per share to $1.00 per share and the exercise
term  of  each  such  warrant  was  extended  for  a  period  of  one  year.

As  of  September  30,  2002,  Tigris  and Electrum own approximately 41% of the
Company's  outstanding  common  stock  and, assuming that Electrum exercises its
warrants  and  that  the  Company  has  issued  no  other  shares,  would  own
approximately  61% of the Company's resultant (fully diluted) outstanding common
stock.

Tigris  and  Electrum  have  the  right  to  proportional  representation on the
Company's  board  of  directors and registration rights for all of the Company's
common  stock  acquired  through  the  agreement  held  by  them.

Warrants  for  250,000  shares  of common stock with a strike price of $1.50 and
warrants  for  25,000  shares  of common stock with a strike price of $0.40 were
cancelled in a letter dated November 15, 2001.  Prior to cancellation, these had
been  assigned  by Electrum LLC to Eurofinance, which in turn assigned them to a
third  party  holder  at  the  time  of  cancellation.


                                       21
<PAGE>
                              TREND MINING COMPANY
                          (AN EXPLORATION STAGE COMPANY)
                        NOTES TO THE FINANCIAL STATEMENTS
                               SEPTEMBER 30, 2002

NOTE 5 - COMMON STOCK OPTIONS AND WARRANTS (CONTINUED)

Following  is  a summary of stock options for the years ended September 30, 2002
and  2001:

<TABLE>
<CAPTION>
                                                              Weighted Average
                                           Number of Shares    Exercise Price
                                           -----------------  -----------------
<S>                                        <C>                <C>
Outstanding at October 1, 2000                      127,833   $            0.51
Granted                                           1,200,000                0.80
Exercised                                           (33,333)               0.30
Expired                                            (319,700)               0.79
                                           -----------------  -----------------
Outstanding at September 30, 2001                   974,800   $            0.86
                                           =================  =================
Options exercisable at September 30, 2001           974,800   $            0.86
                                           =================  =================


Outstanding at October 1, 2001                      974,800   $            0.86
Granted                                             307,800                0.80
Exercised                                                 -                   -
Expired                                            (209,363)               0.86
                                           -----------------  -----------------
Outstanding at September 30, 2002                 1,073,237   $            0.85
                                           =================  =================
Options exercisable at September 30, 2002         1,073,237   $            0.85
                                           =================  =================

Options exercisable:
    -On or before April 15, 2003                     67,000   $            0.50
    -On or before February 23, 2004                 806,237   $            0.80
    -On or before March 3, 2006                     200,000   $            0.80
</TABLE>

NOTE  6  -  RELATED  PARTY  TRANSACTIONS

Calumet  Mining  Company
------------------------
The  Company  sold  in  an  arm's  length transaction its Pyramid Mine claims on
November 12, 2001 to Calumet Mining Company, a related party, for 50,000 (25,000
post-split)  shares of common stock of Calumet Mining Company, which were valued
at  $500.  The  chief  financial  officer  of  Trend  Mining Company is also the
president  of  Calumet  Mining  Company.  See  Notes  3  and  8.


                                       22
<PAGE>
                              TREND MINING COMPANY
                          (AN EXPLORATION STAGE COMPANY)
                        NOTES TO THE FINANCIAL STATEMENTS
                               SEPTEMBER 30, 2002

NOTE  6  -  RELATED  PARTY  TRANSACTIONS  (CONTINUED)

Shareholder  Loans  Payable
---------------------------
The  following is a listing of shareholder loan amounts and the dates that these
loans  were  made  to  the  Company:

<TABLE>
<CAPTION>
SHAREHOLDER                         DATE        AMOUNT
-------------------------------  ----------  -------------
<S>                              <C>         <C>
Electrum LLC                     11/06/2000  $   35,000.00
                                 12/04/2000     100,000.00
                                 12/18/2000      50,000.00
                                 01/26/2001      50,000.00
                                 03/15/2001      50,000.00
                                 04/10/2001      50,000.00
                                 05/04/2001      50,000.00
                                 06/04/2001      50,000.00
                                 07/03/2001      85,000.00
                                 01/31/2002     150,000.00
                                             -------------
                                                670,000.00
                                             -------------
LCM Holdings, LLC                10/26/2001      50,000.00
                                 11/01/2001      10,000.00
                                 11/15/2001      30,000.00
                                 11/28/2001      29,445.00
                                 05/07/2002      40,000.00
                                 05/07/2002      20,000.00
                                 05/22/2002      35,000.00
                                 06/14/2002      18,413.00
                                             -------------
                                                232,858.00
                                             -------------
Berger                            8/28/2001         90,000
                                  10/2/2001         10,000
                                             -------------
                                                   100,000
                                             -------------
Buchanan                         01/08/2002      30,000.00
                                             -------------
Crosby                           08/14/2001      20,000.00
                                             -------------
Hoffman                          09/07/2001       9,500.00
                                             -------------
Total shareholder loans payable              $1,062,358.00
                                             =============
</TABLE>


The loans from Electrum, LCM Holdings, LLC, Berger and Buchanan bear interest at
8%  per  annum  and  are  due  upon the Company's completion of a private equity
placement  and  concurrently  and  proportionally  with  any  amounts  repaid to
Electrum  LLC  or any others having provided loan facilities of this type to the
Company.  The Crosby and Hoffman notes are non-interest bearing and payable upon
demand.


                                       23
<PAGE>
                              TREND MINING COMPANY
                          (AN EXPLORATION STAGE COMPANY)
                        NOTES TO THE FINANCIAL STATEMENTS
                               SEPTEMBER 30, 2002

NOTE  6  -  RELATED  PARTY  TRANSACTIONS  (CONTINUED)

Employment  Agreement
---------------------
In  July  2000, the Company entered into an employment agreement with John Ryan,
then  the chief financial officer, secretary and treasurer of the Company, under
which  Mr.  Ryan  was to receive 3,000 shares per month of Trend common stock as
compensation  for  his  services.  When Mr. Ryan resigned in December 2000, this
agreement  was  terminated.  In  July 2001, Mr. Ryan was again designated as the
Company's  chief  financial  officer,  secretary  and  treasurer.  A  revised
employment  agreement was reached under which Mr. Ryan is receiving 7,500 shares
per  month  of  the  Company's  common  stock.  As of September 30, 2002, 45,000
shares  were  owed  to  Mr.  Ryan.

NOTE  7  -  PROPERTY  AND  EQUIPMENT

Property  and  equipment are recorded at cost.  Major additions and improvements
are  capitalized.  Minor  replacements,  maintenance  and  repairs  that  do not
increase  the useful lives of the assets are expensed as incurred.  Depreciation
of  property  and  equipment,  including vehicles, is being calculated using the
double-declining balance method over the expected useful lives of three to seven
years.

The following is a summary of property, equipment, and accumulated depreciation.

<TABLE>
<CAPTION>
                                     September 30,    September 30,
                                         2002             2001
                                    ---------------  ---------------
<S>                                 <C>              <C>
Furniture, Equipment, and Vehicles  $       52,251   $       51,288
Less: Accumulated Depreciation             (26,322)         (28,926)
                                    ---------------  ---------------
                                    $       25,929   $       22,362
                                    ===============  ===============
</TABLE>


NOTE  8  -  INVESTMENTS

The  Company's  securities  investments  are  classified  as  available-for-sale
securities and are recorded at fair value in investments and other assets on the
balance  sheet,  with  the  change in fair value during the period excluded from
earnings  and  recorded net of tax as a component of other comprehensive income.
The  Company  has  no  securities  that  are  classified  as trading securities.

In the year ended September 30, 2001, the Company recognized income of $413 from
the  change  in  the  market  value of investments.  An investment in New Jersey
Mining  Company  stock was liquidated during the period ended March 31, 2001 and
the  Company  realized  a  loss  of  $78,033.

The  Company  disposed  of  its  last 50,000 shares of New Jersey Mining Company
stock  to  Mine  Systems  Design,  Inc. in settlement of a consulting invoice of
$22,539.  The  Company  realized  a  gain  of  $22,539  on  this  transaction.

The  Company sold the Pyramid Mine claims on November 12, 2001 to Calumet Mining
Company  for  50,000 shares of common stock of Calumet Mining Company, a related
party.  Calumet  Mining  Company  stock  was  subsequently  acquired  by Western
Goldfields,  Inc. on a 1 for 2 basis.  As a result, the Company now holds 25,000
shares  of  Western  Goldfields,  Inc.  The  Company retained a 1.5% net smelter
return  production  royalty  interest  in  the Pyramid Mine.  See Notes 6.


                                       24
<PAGE>
                              TREND MINING COMPANY
                          (AN EXPLORATION STAGE COMPANY)
                        NOTES TO THE FINANCIAL STATEMENTS
                               SEPTEMBER 30, 2002

NOTE  9  -  LONG-TERM  DEBT

<TABLE>
<CAPTION>
                                                                        September 30,
                                                                     ------------------
                                                                       2002      2001
                                                                     --------  --------
<S>                                                                  <C>       <C>
Note payable to Wells Fargo
    Interest at 14.99%, secured by vehicle, payable in
    monthly installments of $179 through February 28, 2003         $   1,080   $ 2,914

Note payable to Wells Fargo
    Interest at 14.99%, secured by vehicle, payable in
    monthly installments of $231                                           -     7,722

Note payable to Sterling Savings
    Interest at 8.37%, secured by vehicle, payable in
    monthly installments of $257 through June 30, 2008                13,978         -
                                                                     --------  --------
Total notes payable                                                   15,058    10,636

Less: Current maturities included in current liabilities              (2,897)   (3,564)
                                                                     --------  --------
                                                                   $  12,161   $ 7,072
                                                                     ========  ========
</TABLE>


Following are the maturities of long-term debt:

                       2004   $      1,777
                       2005          2,302
                       2006          2,502
                       2007          2,719
                       2008          2,861
                               -----------
                              $     12,161
                               ===========

NOTE  10  -  FORGIVENESS  OF  DEBT

During  2002, two vendors agreed to settle outstanding invoices with the Company
totaling $534,221 in exchange for $92,147 in cash.  This resulted in forgiveness
of  debt  of  $442,074,  which  is  recorded  as  other  income.

NOTE  11  -  COMMITMENTS  AND  CONTINGENCIES

Lease  Agreements
-----------------
During the period ended December 31, 2000, the Company entered into a three-year
lease  for  its executive offices in Coeur d'Alene, Idaho.  In January 2002, the
Company  decreased  its  occupancy  space  and  effectively  lowered its monthly
payment  from $2,656 to $1,422.  Total rent expense, relating to this lease, for
the  year  ended  September  30, 2002 was $20,766.  As of September 1, 2002, the
Company  no  longer  occupied  this  office  space.

In  July  2000, the Company entered into a lease agreement for additional office
facilities  in  Reno,  Nevada.  As  of September 30, 2001, the Company no longer
occupied these facilities in Nevada and stopped payment under the lease.  On May
23,  2002,  a  Nevada court entered a judgment by default against the Company in
the  total  amount of $18,574 that bears interest at 18% per annum until paid in
full.  This  amount  has  been  recorded  in  accounts  payable on the Company's
balance  sheet.


                                       25
<PAGE>
                              TREND MINING COMPANY
                          (AN EXPLORATION STAGE COMPANY)
                        NOTES TO THE FINANCIAL STATEMENTS
                               SEPTEMBER 30, 2002

NOTE 11 - COMMITMENTS AND CONTINGENCIES (CONTINUED)

Lease  Agreements  (continued)
------------------------------
On  August  2,  2001,  the  Company signed a month-to-month rental agreement for
storage  space  in  Coeur d'Alene, ID.  The monthly payment is $425.  Total rent
paid  under  this  lease  was  $5,100  for  the  year ending September 30, 2002.

Consulting  Agreements
----------------------
On  October  31,  2000, the Company entered into a consulting agreement with Mr.
Brian  Miller  who  performed  certain  services  for  the  Company.  Under this
agreement,  Mr. Miller was to have received cash for his consulting services and
was  granted  10,000  shares  of  common  stock  effective  January 2, 2001.  On
February  23,  2001,  Mr.  Miller was also granted an option to purchase 107,800
shares  at  $0.80.  On  July  20, 2001, Mr. Miller was informed that the Company
would  no longer require his services. The Company is currently negotiating with
Mr.  Miller regarding outstanding invoices due to him.  The 107,800 options have
expired  because  they  were  not exercised within 90 days of termination of his
consulting  agreement.

Mr. Ryan also has an agreement with the Company, as discussed in Note 6.

In  October  2002,  the  Company  reached a consulting agreement with Mr. Howard
Schraub.  See  Note  13.

Mineral  Properties
-------------------
In  order  to  retain the Peter Lake Claims in Saskatchewan, Canada, the Company
must  fulfill  exploration  commitments  totaling  $268,000  by  December  2004.

NOTE  12  -  CONCENTRATION

The Company has significantly relied on Mr. Thomas Kaplan and various associated
entities  of  Mr.  Kaplan  for  operating  capital.

NOTE  13  -  SUBSEQUENT  EVENTS

Mining  Claims
--------------
In  December  2002,  the  Company  restaked  5  claims in northern Saskatchewan,
Canada,  known as the Peter Lake claims.  The Company had abandoned these claims
in  September  2002.

Accounts  Payable
-----------------
The Company and a creditor reached an agreement subsequent to September 30, 2002
under  which  a  balance  owed  of  approximately $272,000, which is included in
accounts  payable as presented in the accompanying financial statements, will be
settled  for  a  one-time  cash  payment  of  $150,000.

Consulting  Agreement
---------------------
In  October  2002,  the  Company  reached a consulting agreement with Mr. Howard
Schraub.  Under  the  agreement,  the  Company  will  issue  50,000  shares  of
restricted  common  stock  per month plus additional shares of restricted common
stock  totaling  $10,000  in  value  per month for one year to the consultant in
exchange  for  services  rendered.

Preferred  Stock
----------------
In  October  2002,  the  one  share  of  preferred  stock  that  was  issued and
outstanding  to  Mr.  Thomas  Kaplan  was  cancelled.


                                       26
<PAGE>
                              TREND MINING COMPANY
                          (AN EXPLORATION STAGE COMPANY)
                        NOTES TO THE FINANCIAL STATEMENTS
                               SEPTEMBER 30, 2002

NOTE  13  -  SUBSEQUENT  EVENTS (CONTINUED)

Common  Stock  Sales
--------------------
In  January,  2003  the Company completed a private placement totaling 8,000,000
shares  of common stock for $800,000. As of September 30, 2002, 2,500,000 of the
8,000,000  shares  were  considered issued and outstanding. Terms of the private
placement  required  the  Company  to  register the aforementioned shares within
fourteen  days  of  the  completion  of  the  offering.


                                       27
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