$50,426.15 owed to John J. O’Neill by the Company.

EUREKA RESOURCES, INC.

1000 - 355 Burrard Street Vancouver, BC V6C 2G8 Telephone: (604) 608-6154 Facsimile: (604) 602-1989

TSX-V: EUK September 15, 2010

NEWS RELEASE

EUREKA RESOUCES, INC. ISSUES SHARES FOR DEBT

Vancouver, BC, September 15, 2010 - Eureka Resources, Inc. (the “Company”) announces that it has completed a transaction to issue 630,326 common shares of the Company (the “Shares”) at a deemed price of $0.08 per Share, in full satisfaction of a debt in the aggregate amount of $50,426.15 owed to John J. O’Neill by the Company.

The debt is for $40,000 owed by the Company to John J. O’Neill for general working capital and $10,426.15 owed by the Company to John J. O’Neill for rent fees for the period from January 1, 2010 to July 31, 2010.

The Company received approval for this transaction from the TSX Venture Exchange on September 13, 2010. The Common Shares are subject to resale restrictions expiring four months and one day from the date of issuance.

On behalf of the Company:

“Signed”

Lawrence B. O’Neill Director

For further information, please contact:

Lawrence B. O’Neill Telephone (604) 294-8311

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