Eureka issues shares for debt

    TSX-V: EUK

    VANCOUVER, Nov. 16 /CNW/ - 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:

    John J. O'Neill

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

For further information:

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

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Eureka Resources, Inc.

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