# CERTIFICATIONS

Exhibit 31.1

CERTIFICATION UNDER
SECTION 302 OF THE
SARBANES-OXLEY ACT OF 2002

| |  | I, Fred
C. Boethling, the President and Chief Executive Officer of CapSource Financial, Inc.,
certify that:
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| | 1. |  | I
have reviewed this quarterly report on Form 10-QSB of CapSource Financial,
               Inc.;
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| | 2. |  | Based
on my knowledge,  this quarterly 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  quarterly
report;
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| | 3. |  | Based
on my  knowledge,  the financial  statements,  and other  financial  information
included in this quarterly  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 quarterly report;
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| | 4. |  | The
registrants   other   certifying   officer  and  I  are   responsible  for
establishing and maintaining  disclosure  controls and procedures (as defined in
Exchange  Act  Rules  13a-15(e)  and  15d-15(e))  for the  registrant  and have:
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| |  | a) |  | designed
such disclosure controls and procedures,  or caused such disclosure controls and
procedures  to be  designed  under  our  supervision,  to ensure  that  material
information relating to the registrant, including its consolidated subsidiaries,
is made known to me by others  within those  entities,  particularly  during the
period in which this quarterly report is being prepared;
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| |  | b) |  | evaluated
the effectiveness of the  registrants  disclosure  controls and procedures
and  presented in this report our  conclusions  about the  effectiveness  of the
disclosure controls and procedures,  as of the end of the period covered by this
quarterly report based on such evaluation; and
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| |  | c) |  | disclosed
in this  report  any  change  in the  registrants  internal  control  over
financial  reporting  that  occurred  during the  registrants  most recent
fiscal  quarter (the  registrants  fourth fiscal quarter in the case of an
annual  report)  that  has  materially  affected,  or is  reasonably  likely  to
materially  affect,  the  registrants   internal  control  over  financial
reporting;
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| | 5. |  | We
have  disclosed,  based on our most recent  evaluation of internal  control over
financial reporting,  to the registrants  auditors and the audit committee
of  registrants  board of directors (or persons  performing the equivalent
functions):
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| |  | a) |  | all
significant  deficiencies and material  weaknesses in the design or operation of
internal  controls  over  financial  reporting  which are  reasonably  likely to
adversely affect the registrants ability to record, process, summarize and
report financial data; and
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| |  | b) |  | any
fraud, whether or not material,  that involves management or other employees who
have  a  significant  role  in  the  registrants  control  over  financial
reporting.
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| |  | DATE:  May 12, 2005 |  | By: /s/ Fred C. Boethling
Name: Fred C. BoethlingChief Executive Officer
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