Eureka Resources, Inc. Reprices Stock Options

(TSX-V: EUK) 1000 - 355 Burrard Street Vancouver, BC V6C 2G8 Telephone: (604) 608-6154 Facsimile: (604) 602-1989 [email protected]

NEWS RELEASE

For Immediate Release May 28, 2010

EUREKA RESOURCES, INC. REPRICES STOCK OPTIONS

Eureka Resources, Inc. announces that it has amended the exercise price of 950,000 stock options to insiders to a new price of $0.15. The amended price received approval at the annual general meeting of shareholders on April 26, 2010. The Company is requesting regulatory approval for the amended price.

ON BEHALF OF THE BOARD OF DIRECTORS

J.J. O’Neill

John J. O’Neill President & CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this release.

Contacts:

John J. O’Neill Lawrence B. O’Neill (604) 608-6154 (604) 294-8311