CYCLIQ GROUP LTD — Board/Management Information 2012

Jan 5, 2012

ACN 119 749 647 (formerly Modena Resources Ltd.)

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6 January 2012

Companies Announcements Office ASX Limited 20 Bridge Street Sydney NSW 2000

SPRINT ENERGY STRENGTHENS BOARD FURTHER

Sprint Energy Limited (“Sprint”) (ASX Code: SPS) is pleased to advise that it has further strengthened its Board of Directors with the appointed Dr Jaap Poll as an Independent Non-Executive Director.

Dr Poll, who holds a BSc, MSc, and a PhD in Structural Geology from the University of Leiden in Holland and commenced working in the petroleum industry in 1966. Since then he has held a number of technical and executive positions with the likes of Shell and Woodside, and has been Chief Executive Officer, an advisor and a Board member to a number of small and medium sized oil and gas companies; most notably Oil Search, Petroz, Otto Energy, and Anzoil. His illustrious 46-year petroleum exploration and production management career has spanned the globe, including the Americas, Europe, the Middle East, South East Asia and Australia. Dr Poll is a certified professional member of the American Association of Petroleum Geology (AAPG) and a Distinguished Member of the Petroleum Exploration Society of Australia (PESA).

Commenting on Dr Poll’s appointment to the Board of Directors, Sprint’s Chairman, Cosimo Damiano, said, “By necessity the Board’s focus over the past few months has been on the recovery of the Company. We are now turning our attention to laying a solid foundation for the future of Sprint Energy and the appointment of such a distinguished director is the first major step. On behalf of the Board of Directors and shareholders I warmly welcome Dr Poll to the Company.”

“Jaap brings a wealth of experience and expertise to Sprint Energy. I am particularly looking forward to working closely with him as we build up Sprint’s asset base and add shareholder value over the coming years.”

Dr Poll’s appointment will be subject to shareholder approval at the Company’s Annual General Meeting.

Yours sincerely,

Cosimo Damiano

Non-Executive Chairman

For further information please contact:

Cosimo Damiano Andrew Mattin Non-Executive Chairman Managing Director Phone : +61 3 9692 7222 Phone : +61 3 9692 7222 Email : cosimo.damiano@sprintenergy.com.au Email : andrew.mattin@sprintenergy.com.au

About Sprint Energy: Sprint Energy Ltd. is an independent oil and gas production and exploration company, listed on the Australian Stock Exchange (ASX Code: SPS). Its primary operations are in Texas, USA.

Suite 304, 22 St Kilda Road • St Kilda • Victoria • 3182 T: +61 3 9692 7222 F: +61 3 9529 8057