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
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