October 3, 2007

Eureka Resources, Inc.: Settlement of Debts by the Issuance of Shares

VANCOUVER, BRITISH COLUMBIA - (Oct. 3, 2007) - Eureka Resources, Inc. (the “Company”) (TSX VENTURE:EUK) announces that it has agreed to issue 129,695 common shares of the Company at the price of $0.59 per share to John J. O’Neill, a director of the Company, in satisfaction of a $76,520 debt owed to John J. O’Neill by the Company.

The Company has also agreed to issue 182,288 common shares of the Company at the price of $0.59 per share to 8907 Investments Ltd., a company controlled by John J. O’Neill, in satisfaction of a $107,550 debt owed to 8907 Investments Ltd. by the Company.

The issuance of the aforementioned shares is subject to approval from the TSX Venture Exchange. In addition, the aforementioned shares will have a four-month hold period as required by applicable securities laws and or TSX Venture Exchange policies.

ON BEHALF OF EUREKA RESOURCES, INC.

Lawrence B. O’Neill, Director

For more information, please contact

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

You can view the Next News item:October 30th, 2007, Eureka Resources, Inc. advises of an error in its October 3, 2007 News Release regarding Settlement of Debts by the Issuance of Shares

You can view the Previous News item:September 12th, 2007, Eureka Resources, Inc.: Diamond Drill Program on Frasergold Property

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