CYCLIQ GROUP LTD — Capital/Financing Update 2011

Mar 3, 2011

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4 March 2011

ASX ANNOUNCEMENT

MARKET UPDATE

Arturus Capital Limited (ASX: AKW “the Company”) is pleased to provide the market with an update in respect to current activities and financing moving forward.

Sale of Caledonian Assets

AKW has now completed the sale of its 100% of its working interests in Caledonian Assets to Golden Gate Petroleum Ltd (“GGP”). AKW had received an initial refundable deposit of $500,000 with the balance of USD $1,700,000 cash at settlement. AKW has also received 196,000,000 shares in GGP. A condition of settlement was that AKW discharged all liabilities against the Caledonian Assets which included a promissory note used to fund the purchase of the Caledonian assets. Settlement of the promissory note was achieved by the issue of 60 million AKW shares and the transfer of the 106,720,000 shares AKW holds in Modena Resources Limited and the convertible note and loan agreements being assigned.

Modena Transaction

AKW confirms it has now concluded the completion of the Blackgate transaction with Modena Resources Limited (MDA) and has retained certain assets for further investment or alternatively sale of those interests.

Convertible Notes

The company is continuing discussions with the Convertible note holders to resolve various outstanding matters which the company hopes to resolve as soon as practical.

New Projects

The company is currently reviewing a number of potential investments for consideration and expects further announcements shortly. The company will shortly be advising the market of additional funding to raise working capital to complete the due diligence on various potential opportunities.

The company expects further updates as these matters are resolved and is working towards rebuilding the Balance sheet of the company and improving shareholder returns.

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Andrew Waller

Executive Chairman