CYCLIQ GROUP LTD — Capital/Financing Update 2012

Jul 3, 2012

Stratos Resources Limited Level 1, 981 Wellington St West Perth WA 6005 ABN 82 110 884 262

4 July 2012

STRATOS RESOURCES LIMITED – COMPANY UPDATE

Stratos Resources Limited (“Stratos” or “the Company”) (ASX: SAT) is pleased to provide an update to the market to outline its current status and to provide an update on its proposed strategy.

Key highlights

• Stratos has signed an option to acquire up to 100% of the Darlot North Gold Project. The option, if exercised, will provide an opportunity for Stratos to pursue a highly prospective gold project in a well known gold producing region of Western Australia. Recent drilling completed by Aragon Resources achieved multiple high grade returns including 7m @ 27.53g/t Au, 4m @ 41.96g/t Au, 7m @ 11.95g/t Au, and 3m @ 16.75g/t Au (refer SAT ASX announcement 2 July 2012).

• Stratos owns a minority (27.9%) joint venture interest in a Burkina Faso gold project with Predictive Discovery Ltd (“PDI”). PDI have recently completed a significant drilling program on the joint venture tenements with encouraging prospective results.

• Stratos was granted 29,931,841 shares in Sprint Energy Limited (ASX: SPS) on 29 June 2012 as settlement for a previous outstanding debt. SPS is currently trading at 2.7c (close on 29 June 2012) for a current investment value of $800,000. SPS is an ASX listed oil and gas company with a project and infrastructure located at Padre Island in South Texas.

• Stratos has recently signed a placement agreement with Merchant Capital Markets to raise $500,000 on the same terms as the most recent capital raising. The placement will be used for working capital and to provide funding to undertake due diligence on prospective new projects.

• Stratos has recently added new board members with significant experience in resources investment, mergers and acquisitions, restructuring, governance and capital markets.

• Stratos continues to review new projects that have the potential to significantly add value for shareholders.

The recently appointed board members recognize the historic poor performance of the company and are continuing to undertake a review of the company’s operations with a view to repositioning the company. The board believes its current suite of assets provide a strong platform to both stabilize and improve Stratos. Further updates to the market will be provided as required.

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Current Projects

Burkina Faso (Bonsiega Project) (SAT interest 27.9%)

The Bonsiega Project covers approximately 100 km of strike length in the Samira Hill greenstone belt in eastern Burkina Faso. The belt hosts the 2 million ounce Samira Hill gold mine across the border in Niger and contains numerous active artisanal gold mine sites along its length. The Laterite Hill Grid section covers 70sqkm within two of the four permits in the Birrimian Joint Venture with Predictive Discovery Ltd (“PDI’).

For the latest information on the project, please see ASX announcement dated 23 May 2012.

Darlot North Project – Option Agreement

A summary is provided below. Please refer to the ASX announcement on 2 July 2012 for further details.

The Darlot North project is located on the Yandal Greenstone Belt, just 7km north of the 3 million ounce Darlot Gold Mine, currently operated by Barrick Gold Corporation. The Yandal Greenstone Belt is host to several multi-million ounce deposits including the Jundee, Bronzewing and Darlot gold mines.

The Darlot North project has had only 299 holes drilled for a total of 18,032 metres completed by previous owners (average hole depth 60 metres). More recent drilling completed by Aragon Resources achieved multiple high grade returns including 7m @ 27.53g/t Au, 4m @ 41.96g/t Au, 7m @ 11.95g/t Au, and 3m @ 16.75g/t Au .

Stratos has executed an option agreement that entitles the Company to acquire up to 100% ownership of the Darlot North project, which consists of tenements E37/747 and E36/555 over an area of approximately 104sqkm.

The key terms for purchase of the assets include:

• transfer of 100% ownership of the projects with no royalties;

• Nil cash consideration;

• Consideration of 800 million Stratos ordinary shares at a price of $0.001 (i.e. Total consideration of $800,000);

• The transaction is structured so that on exercise of the option the first 80% can be acquired directly from the vendor for pro rata consideration (ie. 640 million shares at $0.001). The remaining 20% is currently under option to a third party. If the third party does not exercise its option, Stratos has the right to acquire the remaining 20% from the vendor directly for 160 million shares at $0.001. If the third party does exercise its option over 20% of the project then Stratos has the option to acquire that 20% directly from the third party on the same terms (ie. By issuing 160m at $0.001 to the third party);

• 90 day due diligence and option period in the favour of Stratos, after which the option to purchase will lapse, with no consideration to be paid by either party.

The transaction is subject to relevant regulatory and shareholder approval (if required).

Former Projects

The company advises it has decided to terminate discussions in relation to the potential Lonely Mine acquisition in Zimbabwe.

Level 1, 981 Wellington St, West Perth WA 6005 T : +61 (0) 8 6555 2950 F : +61 (0) 8 9321 3102

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The company advises that it has received notice from Pacific Niugini Ltd (ASX: PNR) that Stratos has no ongoing obligations or commitments in relation to the Mt Hagen joint venture in Papua New Guinea that was terminated in 2011.

Amended 5B – Period Ended 31 March 2012

The company has lodged an amended Appendix 5B for the quarter ended 31 March 2012 which shows a cash balance at the end of the quarter of $195k.

Assets

Cash & Liquid Investments

Stratos had cash and liquid investments as at 30 June 2012 of $900k. These comprised a cash component of $100k and non-escrowed shares in Sprint (30m shares at 2.7c/share) of $800k. In addition, the Company owns a further 5m shares in SPS which are escrowed until February 2013.

The board advises that the capital raising announcement on 27 March 2012 for $1.85m was incorrect and the actual amount raised was $1.3m. An update on capital raising activities is set out below.

Loans Receivable

The board is reviewing the balance of loan receivables. The most material loan receivable is due from Arturus Capital Ltd (ASX code: AKW). The current balance (including interest) is $920k. The recently appointed board members will be discontinuing the practice of making unsecured loans to other small ASX companies and will be actively pursuing the recovery of all outstanding loan receivables.

Settlement Proceeds – Legal Claim

Stratos has been involved in a historic legal claim against AGS Capital Group LLC (“AGS”). A settlement offer has been made to Stratos by AGS which the board is currently considering as an alternative to litigation. There is no counterclaim by AGS against Stratos.

Capital Raising

The company has signed a placement agreement with Merchant Capital Markets Pty Ltd to raise $500,000 in new equity for the company. The issue price will be $0.0008/ share and will have a 1 for 1 free attaching option exercisable at $0.003/ share expiring 30 June 2014.

James Thompson Director

Piers Lewis Director

Neil Hackett Director & Co Secretary

Level 1, 981 Wellington St, West Perth WA 6005 T : +61 (0) 8 6555 2950 F : +61 (0) 8 9321 3102