CYCLIQ GROUP LTD — Capital/Financing Update 2010

Mar 21, 2010

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22 March 2010

Company Announcements Office ASX Limited 20 Bridge Street Sydney NSW 2000

UPDATE ON SALE OF INTERESTS IN TEXAS GAS FIELDS

Arturus Capital Limited ( Arturus ) (ASX: AKW) is pleased to announce the satisfaction of the shareholder approval conditions in respect of the sale of its interests in certain shallow gas projects located in Texas, USA ( Texas Interests ), to Blackgate Resources LLC ( Blackgate ), as announced on 4 January 2010.

As noted in the announcement of 4 January 2010, the sale of the Texas Interests to Blackgate by Arturus is conditional on the sale of Blackgate to Modena Resources Limited ( Modena ), which in turn is conditional on Modena shareholder approval.

Modena has announced that all necessary shareholder approvals have now been obtained following a general meeting of Modena shareholders last Friday.

As previously announced, Arturus is selling the Texas Interests for a total purchase price of USD$7.265 million and will also be reimbursed for certain expenses which it has incurred on behalf of Blackgate. Arturus will receive these amounts through a combination of cash and ordinary shares in Modena. The mix of cash and ordinary shares will be finalised prior to completion and announced in due course.

The parties are now making arrangements for the completion of the sale of the Texas Interests to Blackgate. Subject to due finalisation of these arrangements, the sale of Blackgate to Modena will proceed to completion.

For further information, contact Wayne Bellman Chairman Arturus Capital Limited Tel. +61 2 9291 2400

Arturus Capital Limited ABN 79 001 001 145

Suite 1709, Level 17 Australia Square, 264 George Street, Sydney NSW 2000 T +61 2 9291 2400 F +61 2 9291 2444

www.arturuscapital.com