( a ) to make the cash payment to smm upon execution of this agreement by each of the parties hereto ; and ( b ) to completely release and forever discharge smm from any and all past, present or future claims, demands, obligations, actions, causes of action, rights, damages, costs, loss of services, expenses and compensation which ireland has had, now has, or which may hereafter accrue or otherwise be acquired by ireland against smm with respect to any matter relating to the option agreement ( the “ ireland release ” ). sierra mineral management inc. also doing business as red mountain mining by its authorized signatory : / s / randy johnson signature of authorized signatory randy johnson name of authorized signatory owner position of authorized signatory ireland inc. a nevada corporation by its authorized signatory : / s / douglas birnie signature of authorized signatory douglas birnie name of authorized signatory president position of authorized signatory / s / randy johnson randy johnson owner / s / douglas birnie douglas birnie president