Linux Gold Corp.

Address:	1103 - 11871 Horseshoe Way Richmond, B.C. Canada V7A 5H5
Tel No.:	(604) 278-5996
Fax No.:	(604) 278-3409
Investor Relations Toll Free No.:	1-800-665-4616
Web Site:	www.linuxgoldcorp.com
Corporate Email:	john@linuxgoldcorp.com
Contact Person:	John Robertson
Position:	President

COMPANY DATA

Traded Market:	OTC BB
Traded Symbol:	LNXGF
Outstanding Shares:	60,283,413
52 Week High:	$ 0.455
52 Week Low:	$ 0.04
Present Price:	Click Here

INTRODUCTION

Linux Gold Corp. is a mineral resource company with a mandate to develop mineral prospects that have potential to become large producing mines. In the early part of 2004, Linux Gold Corp. ventured into China. The Company has an option to earn up to 95% in the mineral production from a sizable piece of property that is 161 sq.km (100 miles). It is located 4 hours north of Beijing with good accessibility. The property hosts 10 zones (3 main mines) with a proven history of producing small amounts of gold by bucket and hand for many years.

Linux Gold Corp. has an option on a 100% interest in two gold prospects in the Bralorne Gold mining area, B.C., Canada located near the Bralorne Pioneer Mine. The Bralorne Pioneer Mine has produced over 4.1 million ounces of gold during the life of the mine. Linux Gold Corp. also owns a 50% interest in 30 mineral claims known as the Fish Creek Prospect, located in the Fairbanks Mining Division in Alaska. Linux Gold Corp. optioned to Teryl Resources Corp. (TRC-V) a 50% interest in the Fish Creek claims by expending US$500,000 over three years and issuing 200,000 shares of Teryl Resources Corp. Linux Gold Corp. retains a 5% net smelter return or may convert into a 25% working interest. The Kinross Fort Knox mill is within 6 miles from the Fish Creek claims.

PROJECTS IN HAND

(1) Bo Luo Nuo Property, China

Bo Luo Nuo property is a sizable landmass covering 161 sq.km approximately 4 hours north of Beijing. The property has mined small amounts of gold and silver by bucket and hand for many years. Existing are 10 gold zones, a mill, and vast array of adits (tunnels). The Company's mission is to bring the existing mill into production in a timely manner and extensively analyze the property to locate an economically feasible deposit of gold, silver and platinum. Linux will look to upgrade the property and facilities to modern day standards that would enable significant mineral production.

(2) TY Gold Property, British Columbia, Canada

Linux has a 100% interest in 21 units in the Bralorne/Lillooet mining division in British Columbia called the TY Gold Property. The TY Gold Property is adjacent to the Company's ORO Property and is located 12 miles from the Bralorne Pioneer Gold Mine, which since its discovery, has produced 4.1 million ounces of gold worth some $1.5 billion at today's gold prices. Linux Gold Corp. now has a total of 41 units in the Bralorne area.

Previous drilling completed on the TY Gold Property on the Beta zone encountered values up to 5 feet of 5.86 oz/ton silver and 1.129 oz/ton gold. Additional drilling has been recommended by Sampson Engineering Inc. to further explore the Beta zone.

The TY Gold Property was acquired for $30,000 (payable over three years) and 150,000 shares of Linux Gold Corp. The property is subject to a 2% net smelter interest (NSR). The Company has an option to purchase each 1% NSR for $1,000,000 prior to production.

(3) ORO Property, British Columbia, Canada

Linux has a 100% interest in 20 mineral claim units called the ORO property in the Bralorne/Lillooet mining division, British Columbia. The ORO property is located 12 miles from the Bralorne Pioneer Gold Mine, which was one of the richest producing gold mines in Western Canada. Several EM-VLF conductive zones have been located on the ORO property. The magnetic survey shows the entire property is underlain with sediments and volcanics, which are important geologic structures for the placement of gold bearing quartz veins.

The ORO property was acquired for $10,000 and 100,000 shares of the Company and is subject to a 2% net smelter return. Linux Gold has the option to purchase back each 1% NSR for $1,000,000 prior to production.

(4) Fish Creek Property, Alaska

Linux Gold Corp. owns a 50% joint venture in 30 mining claims (1,320 ft x 1,320 ft/40 acres each) known as Fish Creek Claims. The Fish Creek Claims located 20 miles north of Fairbanks, Alaska in the Fairbanks Mining Division where over 20 million ounces of gold has been discovered by a variety of companies. Joint venture partner, Teryl Resources Corp. ("Teryl" (TRC.V)), drilled the property in 2003 to test and assess its potential to host lode and alluvial gold deposits. Teryl has an option to earn a 50% interest in the Fish Creek Claims by expending US$500,000 over three years and issuing 200,000 shares of Teryl. Linux retains a 5% net smelter interest or may convert into a 25% working interest after the funds are expended by Teryl.

Kinross Gold's Fort Knox mill is within 6 miles from the claims and has been in operation for several years, producing over 400,000 ounces of gold annually at a cash cost of US$207 per ounce. The Fish Creek Property is an excellent gold prospect, which will be drilled in 2004 to test its potential to host lode and alluvial gold deposits. There could be potential to build a low-cost, gold placer mining operation.

MANAGEMENT

Linux Gold Corp. has a well management team with experience in different areas. The Linux management team excels in negotiation and closure of corporate funding and property acquisitions. The management team includes:

John Robertson, President, Chief Executive Officer, Chairman of the Board and Director
President, CEO and Chairman of the Board and Director of the Company since 1979; has served as President of Teryl since 1982. Since 1984, Mr. Robertson has been President and a Director of Reg Technologies, Inc., a public company engaged in developing a rotary engine and other devices utilizing Rand CamT technology and since 1979, Mr. Robertson is also a Director and President of IAS Communications, Inc., a public company that is developing antenna technology, as well as President and a Director of Information Highway.com, Inc.

Jennifer Lorette, Vice-President and Director and Secretary
Director, Vice-President and Secretary of the Company, Director and has been Vice-President of Teryl since 1997. Ms. Lorette is also a Director and Vice-President of REGI US, a Director of Reg Technologies, Inc., Vice-President and Secretary of IAS Communications, Inc.

Susanne Robertson, Director
Director since August 2001, business woman and has been a director of Teryl since September 1990. She is also the owner of SMR Investments, Ltd., a private company incorporated in 1979 that has assisted in consulting and raising funds for several public companies. She has also worked in various positions for the Royal Bank of Canada.

James Vandeberg, Director and Chief Financial Officer
Mr. Vandeberg became a Director and Chief Financial Officer of Linux on August 28th, 2001. Mr. Vandeberg is a Director and Chief Operating Officer of REGI US since November 1999. He has served as the Company's legal counsel since 1996. Mr. Vandeberg's practice focuses on the corporate finance area, with an emphasis on securities and acquisitions. Mr. Vandeberg was previously general counsel and secretary of two NYSE companies and is a director of several other OTC Bulletin Board companies. Mr. Vandeberg is also a director of Cyber Merchants Exchange, Inc. since May 2001. He is a member and former director of the American Society of Corporate Secretaries. He became a member of the Washington Bar Association in 1969 and of the California Bar Association in 1973. Mr. Vandeberg graduated from the University of Washington with a Bachelor of Arts degree in Accounting in 1966, and from New York University School of Law in 1969, where he was a Root-Tilden Scholar.

Bruce Bragagnolo, Director
Mr. Bragagnolo is a corporate and securities lawyer in Vancouver, B.C.

GROWTH POTENTIAL

1. Potential to find excellent gold/silver/platinum reserves in China. Ability to bring property into production within a short period of time of funding for mill upgrade. Ample land space available to increase the size and output of the mill if testing/drilling prove feasible. Testing and analysis to commence March 2004.

2. Potential to capitalize on "bonanza" type drill results at the TY and ORO property in British Columbia, Canada.

3. Possible gold production joint venture with Bralorne-Pioneer ( www.bralorne.com ), anticipated bringing on stream a 450 ton per day operation.

4. Possibility to bring on stream a low-cost placer mining operation on the Fish Creek property.

5. Strong potential to locate substantial gold reserves on all properties upon project funding.

NEWS UPDATE

On November 08, 2004, Linux Gold Corp. announced that the exploration license for the Dong Gou Gold Mine has been negotiated by Bisheng Liu of Beijing, China, their Vice President, Corporate Administrator for their China gold project. The terms and conditions are pursuant to the co-operative joint venture company agreement that has an option on mineral exploration rights in Hebei Province, People's Republic of China, covering an area of 161 km.

On February 24, 2004, Linux Gold Corp. has entered into a consulting agreement with Jim Yin, Ph.D., consulting geologist. Mr. Yin completed his Ph.D. of Science at the China University of Geosciences, Beijing, China. Mr. Yin has previously supervised four joint ventures as the project representative for mining exploration in China and completed a preliminary investigation report on the Linux Gold optioned property in December 2002. Three of the four samples assayed resulted in up to five ounces of gold per ton with nine ounces of silver per ton.