August 16, 2007

Eureka Resources, Inc. Issues Stock Options

Vancouver, BC, August 16, 2007 - Eureka Resources, Inc. (the “Company”) announces that it has granted stock options to Alastair J. Sinclair and Lawrence B. O’Neill to purchase up to 50,000 common shares each at an exercise price of $0.50 per share for a two-year period pursuant to the Company’s Stock Option Plan.

This transaction is subject to regulatory acceptance.

On behalf of the Company:
Lawrence B. O’Neill

For further information, please contact:
Jack O’Neill, President
Telephone (604) 608-6154

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

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