「みつけたー！！」と言っているようです。
萌王さんのイラコン参加します♪実は初参加。ずっと参加したかったので嬉しいです！！

"Found it!!" is what she seems to be saying.
I'm participating in Dengeki Moeou-san's illustration competition ♪ To tell you the truth it's my first time participating. Since I've always wanted to do this, I'm very happy!!