Sec Form 4 Filing - BRENNAN MARK H @ IRELAND INC. - 2015-05-18

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person BRENNAN MARK H 2. Issuer Name and Ticker or Trading Symbol IRELAND INC. [ IRLD] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) #1 ISLEWORTH DRIVE 3. Date of Earliest Transaction (MM/DD/YY) 05/18/2015 (Street) HENDERSON, NV89052 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares 2014 Special Warrants (Right to Buy) ( 1 ) 05/18/2015 M 125,000 03/24/2014 03/31/2015 Units ( 2 ) 125,000 $ 0 0 D 2015 Special Warrants (Right to Buy) ( 3 ) 05/18/2015 M 125,000 05/18/2015 02/28/2016( 4 ) Units ( 5 ) 125,000 $ 0.2 ( 1 ) 125,000 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other BRENNAN MARK H #1 ISLEWORTH DRIVE HENDERSON, NV89052 X Signatures Mark H. Brennan 05/18/2015 Signature of Reporting Person Date

Explanation of Responses:

( 1 )2014 Special Warrants converted into 2015 Special Warrants pro rata to the purchase price for each ($0.20/special warrant for each). ( 2 )Each Unit issuable under 2014 Special Warrants consisted of one share of common stock and one share purchase warrant exercisable at $0.40 per share, expiring March 19, 2019. ( 3 )2015 Special Warrants are convertible into Units at no extra cost on a 1:1 basis. Alternately, if the Issuer completes a Subsequent Equity Offering, holders may convert into shares of common stock or Common Stock Equivalents pro rata to the purchase price of the Subsequent Equity Offering (terms as defined in the 2015 Special Warrants). ( 4 )2015 Special Warrants expire on the earlier of February 28, 2016 and one month after a Qualified Financing (as defined in the 2015 Special Warrants). ( 5 )Each Unit consists of one share of common stock and one share purchase warrant exercisable at $0.40 per share, expiring February 28, 2020.

Remarks: The filing of this statement shall not be deemed an admission that the Reporting Person is the beneficial owner of any of the equity securities listed in this statement for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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