Liberty Star Gold Corp. (LBTS)

Website: http://www.libertystargold.com

With copper and gold prices climbing to new highs, Liberty Star is exploring 153,000 acres bordering North America??™s  largest gold deposit and second-largest copper deposit. See Profile Below and at www.smallcapreview.com/LBTS.htm

Introduction

LBTS began trading near the end of February and as a newly traded issue, is just becoming known to investors. We expect LBTS to attract much investor attention in the coming months as it continues to explore its recently staked large property position next to Northern Dynasty's massive gold-copper pebble deposit in Alaska.  The property hosts the largest deposit of contained gold resources and second-largest deposit of contained copper resources in North America.

LBTS Investor Highlights:

• LBTS holds a huge land position (237 square miles; 153,000 acres) in what is believed to be the most promising and largest porphyry mineralized system in the world.

• Borders the massive Pebble copper-gold-molybdenum deposit in southwestern Alaska. The Pebble property, hosts the largest deposit of contained gold resources (26.5 million ounces) and second-largest deposit of contained copper resources (16.5 billion pounds) in North America.

• Created the largest one time acquisition of State Land mining claims in the history of the State of Alaska.

• Management believes more significant copper-gold discoveries are likely, and a major exploration program is already underway and will continue on the property through 2004 and beyond.  

• LBTS is well positioned to capitalize on the increasing prices for gold and copper.

• LBTS is led by a truly successful and experienced management team including Phillip St. George, the original discoverer of the massive Pebble deposit and  Dr. John Guilbert. Dr. Guilbert and colleague J.D. Lowell formulated and published the classic exploration model for porphyry copper-gold systems like Pebble. This exploration model has been one of the most widely used and wildly successful geological models ever conceived and brings to Liberty Star one of the most experienced minds in the industry.

• Four new porphyry discoveries were announced in the Pebble alteration zone outside of the original discovery in 2003, which is consistent with these types of districts.  

Overview

"Liberty Star is in the unique position to be holding a substantial land position in what is believed to be the most promising and largest porphyry mineralized system in the world. We are also pleased to announce that our land position was the largest one time acquisition of State Land mining claims in the history of the State of Alaska." Mr. James Briscoe, President of Liberty Star Gold Corp.

 Liberty Star Gold Corp. holds a huge land position (237 square miles; 153,000 acres) bordering the massive Pebble copper-gold-molybdenum deposit in southwestern Alaska. The Pebble property, hosts the largest deposit of contained gold resources (26.5 million ounces) and second-largest deposit of contained copper resources (16.5 billion pounds) in North America. As gold and copper prices approach or reach new highs for the year (and with many analysts predicting US$500 gold), Liberty Star is extremely well positioned to capitalize on this exciting bull market.  

  Liberty Star??™s claims cover an area roughly three times that of Northern Dynasty??™s, bordering it to the north and south, and include key geological features relating to the Pebble mineralization. More significant copper-gold discoveries are likely, and a major exploration program is already underway and will continue on the property through 2004 and beyond.  

  One of Liberty Star??™s key strengths is a management team with credentials rarely found in a junior company. This group has worldwide experience and success in exploration, development, mining and finance, and it includes Phillip St. George, the original discoverer of the massive Pebble deposit.  

 Jim Briscoe, P. Geo., is the company??™s president and chairman. One of the chief founders of Liberty Star, Mr. Briscoe is credited with expanding porphyry copper reserves at Silver Bell, Arizona and identifying major gold deposits in the Randsburg District in California. He was also instrumental in the discovery of the large McDermitt open-pit mercury mine in Nevada, and he co-discovered and co-owned the Wind Mountain gold-silver mine, also in Nevada.  

  Dr. John Guilbert, a director of Liberty Star, currently holds the position of Professor Emeritus at the University of Arizona. Dr Guilbert is a world-renowned and award winning geologist & author. He is the co-developer of the Lowell-Guilbert porphyry copper model, and recipient of mining's two most prestigious awards back-to-back (R. A. F. Penrose Medal and the D. C. Jackling Award).

  Phillip St. George is the company??™s vice-president of exploration. He has extensive experience with major mining companies in Alaska, particularly with moving grass-roots projects into operating mines. He discovered the Pebble Deposit while working for Cominco (before Pebble was sold to Northern Dynasty). He spent 5 years expanding Pebble and drilled out 500 million tons of ore grade material. Additionally, he has managed exploration and/or operating programs for the Cominco Red Dog Mine, Placer Dome's Gaines Creek Project and the Phelps-Dodge Chino porphyry copper mine, New Mexico. Mr. St George was also instrumental in the financial and technical aspects of developing and drilling out NovaGold's massive Donlin Creek disseminated open pit gold mine, which is now under construction.  

LBTS' Complete Profile including Management and Chart...

Market Cap: 64.13 Million

Outstanding Shares: 37.5 Million

Approx. Float: 4 Million

52 Low / High : $ 1.24 / $ 3.00

Price March 26th, 2004 $1.71

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