CONSULTANT NON-QUALIFIED STOCK OPTION AGREEMENT OF IRELAND INC. 2441 West Horizon Ridge Parkway, Suite 100 Henderson NV 89052 A Nevada CorporationIreland Inc. • November 9th, 2007 • Gold and silver ores • Nevada
Company FiledNovember 9th, 2007 Industry JurisdictionTHIS AGREEMENT is made between IRELAND INC., a Nevada corporation (hereinafter referred to as the "Company"), and R. Jerry Falkner of 125 Piper Lane, Spicewood, TX, 8669 (hereinafter referred to as the “Optionee”), a consultant of the Company, effective as of the 5th day of November, 2007.