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                                                                    EXHIBIT 31.1

                                 CERTIFICATIONS

I, Robert H. Hambrecht, certify that:

1.    I have reviewed this annual report on Form 10-KSB of Ironstone Group,
      Inc.;

2.    Based on my knowledge, this annual report does not contain any untrue
      statement of a material fact or omit to state a material fact necessary to
      make the statements made, in light of the circumstances under which such
      statements were made, not misleading with respect to the period covered by
      this annual report;

3.    Based on my knowledge, the financial statements, and other financial
      information included in this annual report, fairly present in all material
      respects the financial condition, results of operations and cash flows of
      the registrant as of, and for, the periods presented in this annual
      report;

4.    The registrant is responsible for establishing and maintaining disclosure
      controls and procedures (as defined in Exchange Act Rules 13a-14 and
      15d-14) for the registrant and I have:

      a)    designed such disclosure controls and procedures to ensure that
            material information relating to the registrant, including its
            consolidated subsidiaries, is made known to us by others within
            those entities, particularly during the period in which this annual
            report is being prepared;

      b)    evaluated the effectiveness of the registrant's disclosure controls
            and procedures as of a date within 90 days prior to the filing date
            of this annual report (the "Evaluation Date"); and

      c)    presented in this annual report our conclusions about the
            effectiveness of the disclosure controls and procedures based on our
            evaluation as of the Evaluation Date;

5.    The registrant has disclosed, based on my most recent evaluation, to the
      registrant's auditors and the registrant's board of directors (or persons
      performing the equivalent function):

      a)    all significant deficiencies in the design or operation of internal
            controls which could adversely affect the registrant's ability to
            record, process, summarize and report financial data and have
            identified for the registrant's auditors any material weaknesses in
            internal controls; and

      b)    any fraud, whether or not material, that involves management or
            other employees who have a significant role in the registrant's
            internal controls; and

6.    The registrant has indicated in this annual report whether or not there
      were significant changes in internal controls or in other factors that
      could significantly affect internal controls subsequent to the date of our
      most recent evaluation, including any corrective actions with regard to
      significant deficiencies and material weaknesses.

Date: March 24, 2005                              /s/ ROBERT H. HAMBRECHT
                                               -----------------------------
                                                  Chief Executive Officer