Here's a story about using magnetics.. or at least an excerpt -

One theory is that when an earthquake looms, the rock "goes through a strange change," producing intense electrical currents, says Tom Bleier, a satellite engineer with QuakeFinder, a project funded by his parent company, Stellar Solutions, of Cambridge, Massachusetts.

"These currents are huge," Bleier said at the AGU meeting. "They're on the order of 100,000 amperes for a magnitude 6 earthquake and a million amperes for a magnitude 7. It's almost like lightning, underground."

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canie

• Scientists Seek Foolproof Signal to Predict Earthquakes