Liberty Star Gold Corp. $1 Million Financing Completed

Business Wire, April 6, 2004

Energy Editors/Business Editors

TUCSON, Ariz.--(BUSINESS WIRE)--April 6, 2004

Further to our news releases of February 3 and March 29,2004, Liberty Star Gold Corp. (OTCBB:LBTS) is pleased to announce the completion of its $1 million USD financing. The Company has issued 1 million restricted common shares to two Investors. As a condition of the subscription, Liberty Star has also agreed to grant piggyback registration rights to the Investors.

The Company has paid all current liabilities including payment of all costs incurred in staking the "Big Chunk" Alaska claims and our initial airborne geophysical activities. Follow-up geotechnical and ground geophysical work is projected to start in mid-May. This work is expected to lead to an extensive drill program about mid field season.

The Company expects to raise further financing prior to the drill program announcement.

Liberty Star Gold Corp. by

"JAMES A. BRISCOE"

James A. Briscoe, President & CEO

Forward Looking Statements

This Press Release may contain, in addition, to historical information, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on management's expectations and beliefs, and involve risks and uncertainties. These statements may involve known and unknown risks and uncertainties and other factors that may cause the actual results to be materially different from the results implied herein. Key factors that could cause actual results to differ materially from those described in forward-looking statements are:

(i) the inability of the Company to obtain additional financing to

fund its planned geological exploration program;

(ii) the inability of the Company's planned exploration program to

identify commercially exploitable mineralization on the

Alaska mineral claims;

(iii) the cost of completion of the Company's planned exploration

program.

Readers are cautioned not to place undue reliance on the forward-looking statements made in this Press Release.