December 5, 2007

Eureka Issues Shares for Debt

VANCOUVER, BRITISH COLUMBIA -(Dec. 5, 2007) - Eureka Resources, Inc. (the “Company”) (TSX VENTURE:EUK) announces that it has completed a transaction to issue 248,557 common shares in the capital of the Company (the “Common Shares”) at a deemed price of $0.80 per Common Share to settle an outstanding debt of $198,845.59 on December 5, 2007. 103,302 Common Shares were issued to John J. O’Neill, a Director of the Company, and 145,255 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 December 4, 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:

Lawrence B. O’Neill, Director

For more information, please contact

Eureka Resources, Inc.
Lawrence B. O’Neill
(604) 294-8311

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