November 16, 2007

Eureka Issues Shares for Debt

Vancouver, BC, November 16, 2007 — Eureka Resources, Inc. (the “Company”) announces that it has completed a transaction to issue 311,898 common shares in the capital of the Company (the “Common Shares”) at a deemed price of $0.59 per Common Share to settle an outstanding debt of $184,020.00 on November 15, 2007. 129,695 Common Shares were issued to John J. O’Neill, a Director of the Company, and 182,203 Common Shares were issued to 8907 Investments Ltd., a company controlled by John J. O’Neill. The Company received approval for this transaction from the TSX-Venture Exchange on November 13, 2007. The Common Shares are subject to resale restrictions expiring four months and one day from the date of issuance.

On behalf of the Company:
“signed”
John J. O’Neill
President

For further information, please contact:
John J. O’Neill
Telephone (604) 608-6154

The TSX Venture Exchange has neither reviewed nor accepts responsibility for the adequacy or accuracy of this report.

You can view the Next News item:December 5th, 2007, Eureka Issues Shares for Debt

You can view the Previous News item:November 6th, 2007, Settlement of Debts by the Issuance of Shares

Back to the main News page, or press the Back button on your browser.