To: PHILLIP FLOTOW who wrote (1228 ) 10/11/2000 1:34:27 PM From: rdww Read Replies (1) | Respond to of 1336 Think they read this release and figgered that SWC missed out on something? Trend Mining Increases Land Position at Lake Owen Platinum Project in Wyoming COEUR D' ALENE, Idaho, Oct 10, 2000 (BUSINESS WIRE) -- Trend Mining Company (TRDM) is pleased to announce that it has substantially increased its land position at the Lake Owen Platinum Group Metal Project in Albany County, Wyoming. Trend located 407 additional claims between March and June 2000, bringing the total number to 606 unpatented lode claims covering over 12,000 acres. 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. A previous mining company discovered PGM occurrences and initiated geological reconnaissance exploration at Lake Owen in the 1980's, which included detailed surface geologic mapping, geochemical sampling, and geophysical surveys. This company later completed thirteen diamond-drill holes totaling approximately 5,200 feet in the 1980's and early 1990's. Drilling consisted of relatively shallow angle holes generally less than 250 feet in vertical depth, and encountered several zones of anomalous to ore-grade platinum group metal mineralization. In 1999 Trend Mining Company entered into a three-year option agreement that allows Trend the right to earn a 100% interest in the property. To exercise the option, Trend is required to spend not less than $750,000 USD on exploration and property payments by the end of July 2002. Trend has completed all property payments and exploration required to date, with approximately $600,000 in exploration work remaining to be completed. Upon completion of the earn-in, the property is subject to a 4% net profits royalty. 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. Earlier this year, Trend obtained all available drill core samples and commenced a comprehensive re-logging program. The company plans to commence assaying later this year on portions of drill core that have not been previously assayed for platinum group metals. Last month, the company announced the appointment of three new board members to complete the formation of its PGM exploration team. Appointments included Michael Sharratt, former President and Vice-Chairman of Stillwater Mining Company; Dr. Ishiung Wu, former Chevron exploration manager and PGM task force leader who holds a PhD in Economic Geology from Harvard University; and Jeffrey Christian, Managing Director of CPM Group, one of the world's leading metals consulting firms. Christian also serves as President and Director of the International Precious Metals Institute. Trend Mining Company is a leading Platinum Group Metal Exploration company with property holdings throughout North America at 13 separate sites covering over 92,000 acres (143.8 square miles). This press release contains forward-looking statements involving substantial risks and uncertainties, which cannot be predicted with accuracy. The Company's forward-looking statements are to future events which the Company cannot accurately predict or control. CONTACT: For Trend Mining Company Kurt Hoffman, 208/664-8095