CYCLIQ GROUP LTD — Capital/Financing Update 2010

Nov 30, 2010

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1[st] December 2010

Companies Announcements Office ASX Limited 20 Bridge Street Sydney NSW 2000

FUNDING

Modena Resources Limited (ASX: MDA , the Company) further to the release on the 24[th] November for the $2.5 million to fund the restoration of production in three stages to reach a targeted 14,900 MCFPD within the next twelve months.

The Company confirms 128,260,869 shares will be issued $0.023 cents for gross proceeds of $2.95 million to fund the restoration of production.

Yours sincerely

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A R HAMILTON Chairman