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Trend Announces That 5,000 Metre Drill Program Begins at Diabase Peninsula Uranium Property

Posted on: Tuesday, 30 October 2007, 15:00 CDT

HILTON HEAD, S.C., Oct. 30 /PRNewswire-FirstCall/ -- Trend Mining Company ("Trend" or the "Company") is pleased to announce that a minimum 5,000 metres of diamond drilling to follow up on previous positive exploration results, has begun on the Diabase Peninsula uranium property in Saskatchewan's Athabasca basin. The project is a joint venture with Nuinsco Resources Limited (TSX: NWI) of Toronto, Ontario.

Nuinsco is the manager of the Project and the President, Paul Jones offered the following comments. "We're finally over the significant hurdle of getting a rig and crew on site and drilling. Now we can focus on the task of following up on the results of our previous work that demonstrates that the Diabase Peninsula property is a premier uranium exploration project as identified by the Northern Prospector magazine which late last year ranked the property as the second most prospective in the Athabasca Basin."

The Joint Venture began a comprehensive, exploration program in 2005 that has included 4,671 metres of drilling in ten widely spaced drill holes. The drill results have identified a project area that is clearly geochemically anomalous with respect to uranium and other key indicator elements both in the Athabasca sediments and the underlying graphite and sulphide bearing basement rocks. This drilling, along with the presence of numerous uranium-prospective structures interpreted from both local and property-wide geophysical surveys confirms the excellent potential of the property to host unconformity-style uranium mineralization.

Notable results from the work to date include: -- The combination of uranium-arsenic-nickel-cobalt-magnesium oxide identified in several drill holes is typical of a number of the mines in the Athabasca district, and points to the presence of some form of unconformity-style mineralization nearby. -- The presence of clay alteration (illite-kaolin), another distinct indicator of the passage of hydrothermal fluids capable of transporting uranium mineralization. -- High uranium/lead ratios suggest upward leakage of uranium-bearing hydrothermal fluid into the sediments. -- The interpreted presence, identified by more than 100 metres of vertical offset of the unconformity between drill holes ND-05-01 and ND-06-01, of possibly reactivated northwest-southeast oriented faults that cross-cut the trend of the sulphide-graphite mineralized Cable Bay Shear Zone. Such a "step-up" in the unconformity can act as a trap where uranium-bearing fluids pool to create the high-grade "Super Deposits" found in the Athabasca Basin. About the Diabase Peninsula Property

The 21,900 hectare Diabase Peninsula Property encompasses coincident, highly prospective, alteration and geophysical signatures which are indicative of possible uranium mineralization. Located on the western shore of Cree Lake approximately five kilometres north of the southern boundary of the Athabasca Basin where sediment cover is relatively thin, the Diabase Peninsula property overlies the graphite-bearing Cable Bay Shear Zone which is considered to be an important potential host for uranium mineralization in this part of the Athabasca Basin.

Nuinsco is the operator and currently holds an approximate 70% interest in the project, and is partnered with the Company. The project is being supervised by C.A. Wagg, P.Geo. Manager of Canadian Exploration for Nuinsco, who acts as QP under National Instrument 43-101.

Under the terms of the Joint Venture, if a discovery is made and at the time of the delivery of a feasibility study on the project, Trend has a one- time ability to claw-back into the project to a 50% holding by paying past due exploration costs and other qualifying expenses, plus a 40% penalty.

Update on United Mine Services ("UMS") proposed acquisition

On other matters, the acquisition of United Mine Services which was announced on September 11, 2007 has been delayed due to a delay in receiving audited financial statements from UMS. The Company has elected to not proceed with the acquisition until these statements can be obtained. The Company has not received a definitive time as to when to expect the statements to be completed, and therefore is advising its shareholders and other investors that the timing of the acquisition is not certain, and remains subject to continuing due diligence and board approvals.

About Trend Mining Company

Trend is a U.S. based mineral exploration company. Trend currently has three joint ventures on projects in North America. One is the Diabase Peninsula Uranium Project more fully described in this news release. The second is the Stillwater Joint Venture where the targets are nickel, copper, platinum, and palladium in a block of ground adjacent to and immediately south of the main Stillwater Mine ore bodies. This project is an earn-in joint venture with Aurora Metals of Vancouver, B.C. wherein the Company has the right to earn-in for up to 50% of the project by spending $2 million in exploration by 2009. The third is the Lake Owen Project located in Wyoming which is a joint venture with RMP Resources Corp., a private company.

Certain information in this press release may contain forward-looking statements. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. The Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to the Company. Additional information identifying risks and uncertainties is contained in filings by the Company which are available at http://www.sec.gov/ .

Trend Mining Company

CONTACT: John Ryan, Chief Financial Officer of Trend Mining Company,+1-843-263-1169

Source: PRNewswire-FirstCall

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