**EXHIBIT 31.1****CERTIFICATION**I, William R. Hambrecht, certify that:1. I have reviewed this annual report on Form 10-KSB of Ironstone Group, Inc. for the yearended December 31, 2007; 2. Based on my knowledge, this annual report does not contain any untruestatement of a material fact or omit to state a material fact necessary to make the statementsmade, in light of the circumstances under which such statements were made, not misleading withrespect to the period covered by this annual report; 3. Based on my knowledge, the financial statements, and other financialinformation included in this annual report, fairly present in all material respects thefinancial condition, results of operations and cash flows of the registrant as of, and for,the periods presented in this annual report. 4. The registrant’s other certifying officer and I are responsible forestablishing and maintaining disclosure controls and procedures (as defined in SecuritiesExchange Act of 1934, as amended, Rules 13a-15(e) and 15d-15(e)) and internal control overfinancial reporting (as defined in Securities Exchange Act of 1934, as amended, Rules13a-15(f) and 15d-15(f) for the registrant and have: a) designed such disclosure controls and procedures, or cause such disclosure controlsand procedures to be designed under our supervision, to ensure that material informationrelating to the registrant, including its consolidated subsidiaries, is made known to usby others within those entities, particularly during the period in which this annualreport is being prepared;  b) designed such internal control over financial reporting, or caused such internalcontrol over financial reporting to be designed under supervision, to providereasonable assurance regarding the reliability of financial reporting and preparation offinancial statements for external purposes in accordance with generally acceptedaccounting principles;  c) evaluated the effectiveness of the registrant’s disclosure controls and presented inthis report our conclusions about the effectiveness of the disclosure controls andprocedures, as of the end of the period covered by this report based on such evaluation;and  d) disclosed in this report any change in the registrant’s internal control overfinancial reporting that occurred during the registrant’s most recent fiscal quarter thathas materially affected, or is reasonably likely to materially affect, the registrant’sinternal control over financial reporting ; and5. The registrant’s other certifying officer and I have disclosed, based onour most recent evaluation, to the registrant’s auditors and the registrant’s board ofdirectors (or persons performing the equivalent function): a) all significant deficiencies and material weakness in the design oroperation of internal control over financial reporting which reasonably likely toadversely affect the registrant’s ability to record, process, summarize and reportfinancial information; and  b) any fraud, whether or not material, that involves management or otheremployees who have a significant role in the registrant’s internal control over financialreporting.6. The registrant has indicated in this annual report whether or not therewere significant changes in internal controls or in other factors that could significantlyaffect internal controls subsequent to the date of our most recent evaluation, including anycorrective actions with regard to significant deficiencies and material weaknesses.   Date: March 27, 2008 /s/ William R. Hambrecht     William R. Hambrecht  Chief Executive Officer