December 6, 2006

Eureka to Issue Bonus Shares to Shareholder

Vancouver, BC, December 6, 2006 — Eureka Resources, Inc. (the “Company”) announced that it has ratified certain borrowings from a shareholder and a company controlled by a shareholder (collectively, the “Lenders”), totaling $368,140. The Company and the Lenders have agreed that the loan will bear interest at a rate of 4% per annum and is payable on demand by the Lenders. As additional consideration for the loan, the Company has agreed to issue 193,758 common shares to the Lenders equal to 20% of the loan at a price of $0.38 per common share (the “Bonus Shares”), subject to regulatory approval. The Bonus Shares will be subject to resale restrictions expiring four months from the date of issuance.

On behalf of the Company:
J.J. 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.

You can view the Next News item:January 15th, 2007, Eureka To Purchase Two Mining Properties

You can view the Previous News item:November 29th, 2006, Eureka Resources, Inc. Announces Joint Venture of the Frasergold Property, British Columbia, Canada

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