CYCLIQ GROUP LTD — Major Shareholding Notification 2010

May 23, 2010

Form 604 Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Modena Resources Limited	To Company Modena Resources Limited
Name/Scheme
ACN/ARSN 119 749 647
1. Details of substantial holder
Name Arturus Capital Limited
ACN/ARSN (if
applicable) 001 001 145
There was a change in the	21 May 2010
interests of the substantial
holder on
The previous notice was given	7 May 2010
to the company on
The previous notice was dated	7 May 2010
2. Previous and present voting power
The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate had a relevant
interest in when last required, and when now required,	to give a substantial holding notice to the company or scheme, are as follows:

Class of securities	Previous Notice	Previous Notice	Present notice
	Person's votes	Voting power	Person's votes	Voting power
Ordinary shares	136,155,352	19.26%	107,020,000	15.11%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of Change	Person whose relevant interest changed	Nature of change	Consideration given in relation to change	Class and number of securities affected	Person's votes affected
11 May 2010	Arturus Capital Ltd	On market sale	$0.054 per share	375,352 Ord. shares	135,780,000
13 May2010	Arturus Capital Ltd	On market sale	$0.059per share	2,000 Ord. shares	135,778,000
17 May2010	Arturus Capital Ltd	On market sale	$0.05per share	898,000 Ord. shares	134,880,000
18 May2010	Arturus Capital Ltd	On market sale	$0.05per share	1,015,000 Ord. shares	133,865,000
21 May2010	Arturus Capital Ltd	On market sale	$0.051per share	100,000 Ord. shares	133,765,000
21 May2010	Arturus Capital Ltd	Off market transfer	$0.05per share	16,750,000 Ord. shares	117,015,000
21 May2010	Arturus Capital Ltd	Off market transfer to associate	$0.05per share	20,000,000 Ord. shares	117,015,000
21 May2010	Arturus Capital Ltd	Off market transfer	$0.05per share	8,250,000 Ord. shares	108,765,000
21 May2010	Arturus Capital Ltd	Off market transfer	$0.05per share	1,745,000 Ord. shares	107,020,000

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be **registered as holder **	Nature of relevant interest	Class and number of securities	Person's votes
Arturus Capital Limited	Arturus Capital Limited	Not applicable	Relevant interest under section 608(1)(a) of the CorporationsAct.	87,020,000 ordinary shares	86,720,000
Arturus Capital Limited	BB Nominees Pty Ltd	Not applicable	Relevant interest under section 608(1)(a) of the CorporationsAct	300,000 ordinary shares	300,000
Arturus Capital Limited	Arturus Energy, Inc	Not applicable	Relevant interest under section 608(1)(a) of the CorporationsAct	20,000,000 ordinary shares	20,000,000

5. Changes in association

The persons who have become associates of, ceased to be associates of, or have changed the nature of their association with, the substantial holder in relation to voting interests in the company or scheme are as follows:

	Name and ACN/ARSN (ifapplicable) Nature of association	Name and ACN/ARSN (ifapplicable) Nature of association
	BB Nominees PtyLtd Nomineeholder forArturus Capital Limited
	Arturus Energy,Inc Subsidiary ofArturus Capital Limited
	Addresses
	he	addresses of persons named in this form are as follows:
		Name Address

6. Addresses

The addresses of persons named in this form are as follows:

Name		Address
Arturus Capital Limited		Suite 1709 level 17, Australia Square,	264 George Street
ACN 001 001 145		Sydney NSW 2000
BB Nominees Pty Ltd		101 Collins Street
ACN 006 390 772		MelbourneVIC 3000
Arturus Energy, Inc		Suite 1700, 1001 Fannin Street
		Houston 77002 Texas USA
Signature
print name	JimStory, Company Secretary
sign here		date	24 May 2010