Trend Mining Co. has released analytical results from the first nine holes of the most recent 17-hole diamond drill program at the Diabase Peninsula uranium project. The results returned a 24.25 metre interval of anomalous uranium mineralization peaking at 0.07% uranium (0.083% U3O8), as well as a number of other anomalous uranium results and other key indicator geochemistry demonstrating strong and widespread evidence of a mineralizing event capable of producing unconformity style uranium mineralization on the property. The winter 2007-2008 drill program tested four widely separated target areas within the previously identified primary target area. The results received to date confirm that one of these target areas comprises a zone of up to 400 meters in strike length which has very high potential for the occurrence of significant uranium mineralization. The $2.5 million, 6,534 meter winter drilling program was conducted over 23 kilometers of strike along the prospective Cable Bay Shear Zone, a graphite and sulphide mineralized zone of deformed, permeable rock interpreted to be a prime exploration target. The occurrence of a number of factors commonly associated with uranium ore bodies in the Athabasca Basin, particularly in drill holes ND-07-04, ND-08-01 and ND-08-02, include: strongly anomalous uranium mineralization over 24.25 meters, peaking at (0.07%) uranium (in ND-08-01) at the unconformity, typical of values at the margins of economic uranium deposits; strongly anomalous arsenic, nickel, cobalt and base metals, commonly occurring in association with uranium mineralization in the Athabasca Basin; abundant clay alteration (sericite and kaolin) associated with elevated uranium values and indicative of the passage of potentially mineralizing fluids; and, a distinct boron anomaly within the overlying sandstone, a feature characteristic of many uranium ore bodies in the Athabasca Basin.

Aurora Metals BVI Ltd. announced that it has entered a settlement agreement (the Settlement Agreement) with Trend Mining Co. regarding the lawsuit filed in the Montana 22nd Division District Court and the Joint Venture Agreement between the Company and Trend on the Company's Montana properties. The Company filed the lawsuit to obtain a judicial confirmation that the Joint Venture Agreement was terminated and to quiet title to the properties in the Company. Pursuant to the Settlement Agreement Trend has agreed that the Joint Venture Agreement has been terminated and Trend has released any claim of interest in and to the Company's property. The pending litigation on the Joint Venture Agreement and the properties will be dismissed and deemed fully and finally settled.

Trend Mining Co. reports that Aurora Metals has initiated legal action in the Montana 22nd Judicial District Court- Stillwater County, alleging that the Company has breached the terms of its joint venture agreement with Aurora and seeking quiet title to the mining claims and leases subject to the joint venture, a declaratory judgement that the joint venture is terminated, that Trend has no interest in the mineral properties of the joint venture, and alleging other non-specific claims for damages. The Company intends to seek the advice of its counsel regarding the allegations of Aurora, and upon the recommendation of counsel, will answer the claim and assert its various defenses to the allegations.