ECHOIQ LIMITED — Interim / Quarterly Report 2012

Jan 30, 2013

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QUARTERLY ACTIVITIES REPORT DECEMBER 2012

HIGHLIGHTS

• Completion of Independent review of the Juardi Hills project

• Drilling Commences at Juardi Hills, Puma prospect

• Ongoing Evaluation of potential new projects.

During the quarter the company continued the process of improving operational efficiency, cost cutting and evaluation of existing and potential projects. Principal amongst these initiatives is the work undertaken to further the company’s Juardi Hills project.

Jaurdi Hills Project

An independent review of the company’s existing Jaurdi Hills project was completed during the quarter. The review focused on the historic data already collected from the Jaurdi Hills project and a re interpretation of that data with a view to identifying potential economic zones of mineralisation. The review concluded that a number of zones warrant further testing and as such follow up work has commenced on some of the higher priority targets with the remainder of the targets to be tested as soon as practicably possible.

By way of background the Jaurdi Hills Project is located approximately 40km northwest of Coolgardie. The town site of Coolgardie is located 550km east of Perth and 40km west of Kalgoorlie. The project tenements lie on the western flank of the Dunnsville/Doyle Dam Granodiorite Dome. The geology of the project area is dominated by the lower basaltic unit of the Dunnsville-Ubini Greenstone Belt (DUGB), which is intruded by several narrow dolerite and gabbro sills. The basalt sequence is underlain by komatiites which are mapped on the western margin of the project. The main structural features within the project area are the Jaurdi Shear Zone along the east side of the project and a northeast trending fault that passes approximately through the middle of the project separating the Dunnsville granodiorite dome in the north from the Doyle Dam granodiorite dome to the south.

Exploration

A reconnaissance aircore drilling programme consisting of 1,200 metres was commenced during the quarter to target palaeochannel gold mineralisation at the companies Puma Prospect (See Figure 1). The Puma prospect lies up stream of the privately owned Jaurdi Palaeochannel Trial Pit and adjacent to Flinders Exploration’s Black Cat open pit. The prospect targets shallow, high grade secondary gold mineralisation associated with the Jaurdi palaeochannel system which is host to discrete bodies of up to 10,000 to 20,000 ounces of gold (See Figure 2). The current programme at Puma focuses on a gold anomaly over the interpreted position of the Jaurdi palaeochannel which has been the subject of previous soil sampling by the company where peak gold in soil values of 143 ppb and 255ppb Au were obtained.

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Figure 1 Sentosa tenement package at the Jaurdi Hills Project 35 Km north west of the historic Coolgardie goldfield

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Figure 2 Location of the Puma palaeochannel prospect at the Jaurdi Hills project

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Corporate

Negotiations and evaluation of additional investment opportunities continued through out the quarter. As a result the company is progressing negotiations on specific opportunities and further details will be made available to the market if and when these negotiations reach a successful conclusion.

For further information concerning Sentosa’s exploration plans for the future please contact Nigel Gellard, Executive Chairman.

Phone +61 (0)8 6141 3500 Fax +61 (0)8 6141 3599 www.sentosamining.com.au Nigel Gellard Executive Chairman

Competent Persons Statement

The information in this report that relates to exploration data compiled by Mr Darryl Mapleson, who is a Fellow of the Australian Institute of Mining and Metallurgy. Mr Mapleson is a Principal Geologist and a full time employee of BM Geological Services Pty Ltd. Mr Mapleson has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a competent person as defined in the 2004 edition of the “Australasian Code for reporting of Exploration results, Mineral Resources and Ore Reserves”.

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