Release

IN  CONSIDERATION  of (i) the  execution of the certain  agreement  made between
Infocast  Corporation and Lasso  Communications Inc. effective July 1, 1999 (the
"Agreement") and, (ii) the fulfillment by Infocast of all of the above terms and
conditions  associated with the agreement,  including without  restriction,  the
full payment of the retainer fee set out therein, Lasso agrees that Infocast and
Hines and Gruber will be fully  released,  acquitted and discharged from any and
all claims which Lasso may have had against  Hines,  Gruber or Infocast  arising
from the  departure  of James  Hines and  Michael  Gruber  from Lass in order to
accept a position of employment at Infocast Corporation.

In the event Infocast fails to fulfill the terms and conditions  associated with
the Agreement,  including without restriction,  the full payment of the retainer
fee, Lasso shall be entitled to bring whatever  actions Lasso may deem necessary
provided that (i) in such case  Infocast  shall be entitled to set off judgments
or awards that may be obtained against Infocast by Lasso in respect of the above
noted claims or claims under the  Agreement,  an amount equal to any payments of
the  retainer  fee  Infocast has already made or that it will be ordered to make
under the  agreement,  less the value of  services  provided  by Lasso under the
terms of the Agreement as calculated in accordance with the terms thereof,  and,
(ii) if such action is brought,  time periods  will be deemed to have  suspended
between the  effective  date of the agreement and the end of the initial term of
Agreement or the date of any breach of the  Agreement  during the Initial  Term,
whichever comes first.


Executed  at the City of Toronto,  Province  of Ontario,  this 14th day of July,
1999.


                                             Lasso Communications


                                             /s/ P.B. Jones
                                             -----------------------------------
                                             By:     P.B. Jones
                                             Title:  CFO



                                             /s/ James Hines
- -------------------------------              -----------------------------------
Witness                                      James Hines



                                            /s/ Michael Gruber
- -------------------------------              -----------------------------------
Witness                                      Michael Gruber



                                             Infocast Corporation


                                             /s/ A.T. Griffis
                                             -----------------------------------
                                             By:     A.T. Griffis
                                             Title:  Chairman