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



    (TSX: EUK)

    VANCOUVER, Nov. 6 /CNW/ - Eureka Resources, Inc. (the "Company")
announces that it has agreed to issue 103,302 common shares of the Company at
the price of $0.80 per share to John J. O'Neill, a director of the Company, in
satisfaction of a $82,641.59 debt owed to John J. O'Neill by the Company.
    The Company has also agreed to issue 145,255 common shares of the Company
at the price of $0.80 per share to 8907 Investments Ltd., a company controlled
by John J. O'Neill, in satisfaction of a $116,204.00 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 RE

SOURCES, INC. "signed" -------- John J. O'Neill Director

For further information:

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

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Eureka Resources, Inc.

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