LIVESTAR Entertainment Group, Inc. Provides Progress Update on the Las Vegas Footwear Company Acquisition

Tuesday January 11, 2005 ---LIVESTAR Entertainment Group Inc. ("LIVESTAR" or the "Company") today notifies its current and prospective shareholders that the Company is progressing positively towards the acquisition of The Las Vegas Footwear Company.

Initial due diligence is complete and steps towards a definitive agreement and subsequent closing are advancing rapidly. The Company is working towards a closing as early as possible in the first quarter so LIVESTAR can benefit from the outstanding business development activities Las Vegas Footwear is putting together, such as an involvement with this year's Las Vegas Centennial Celebrations.

Las Vegas Footwear is developing itself to be the number one shoe and miscellaneous footwear provider, in Las Vegas and worldwide, offering Las Vegas branded footwear. Las Vegas Footwear is the first in creating and designing footwear for the family (men's, women's, children's) that creates a "Las Vegas Only Feeling."

Mr. Ray Hawkins, CEO of LIVESTAR, commented: "Everyone we have arranged a private viewing of the business plan and the shoe line calls this acquisition a "winner." We feel Las Vegas Footwear, which is a business that can grow quickly and generate substantial and predictable revenues and earnings, is a key acquisition for our diversification plan."

The acquisition, which is subject to due diligence and final negotiations, is planned to be accounted for as a stock purchase. However, other terms of the acquisition will not be announced until the acquisition has been finalized.

About LIVESTAR Entertainment Group, Inc.

LIVESTAR is in the process of transitioning to a holding company structure. The core business of LIVESTAR Entertainment Group, Inc. is currently the development of entertainment entities, specifically; Liquor Licensed Entertainment Establishments (namely nightclubs and lounges) and Live Entertainment (concerts and special events).

Statements contained herein that are not based on historical fact are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. LIVESTAR Entertainment Group, Inc intends that such forward-looking statements be subject to the safe harbor created thereby. Such forward-looking statements are based on current assumptions but involve known and unknown risks and uncertainties that may cause LIVESTAR Entertainment Group, Inc.'s actual results, performance or achievements to differ materially from current expectations. These risks include economic, competitive, governmental, technological and other factors discussed in LIVESTAR Entertainment Group, Inc.'s applicable public filings on record with the Securities and Exchange Commission which can be viewed at its website at http://www.sec.gov.

Please visit our website: www.LIVESTAR.net.

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