NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS

FOR:  DANIER LEATHER INC.

TSE SYMBOL:  DL

JANUARY 24, 2000

Danier Leather Inc. Announces Share Repurchase Plan

TORONTO, ONTARIO--Danier Leather Inc. (TSE:DL) announced today 
that The Toronto Stock Exchange has accepted a notice filed by the
Corporation of its intention to make a normal course issuer bid. 

The notice provides that the Corporation may, during the 
twelve-month period commencing January 26, 2000 and ending January
25, 2001, purchase on The Toronto Stock Exchange up to 598,228 
subordinate voting shares, being 10% of the public float.  The 
price which the Corporation will pay for any such shares, will be 
the market price at the time of acquisition.  The actual number of
subordinate voting shares which may be purchased, and the timing 
of any such share purchases, will be determined by the 
Corporation. The Corporation currently has 6,040,000 subordinate 
voting shares issued and outstanding.    

The Corporation believes that its subordinate voting shares have 
been trading in a price range which does not adequately reflect 
the underlying value of the Corporation's business and its future 
prospects.  As a result, depending upon future price movements and
other factors, the Corporation believes that its outstanding 
subordinate voting shares may represent an attractive investment 
and a desirable use of a portion of its available funds. 

The Corporation's subordinate voting shares are listed on The 
Toronto Stock Exchange under the symbol DL. 

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FOR FURTHER INFORMATION PLEASE CONTACT:
Investor Relations Contact:
Jeffrey Wortsman
President and Chief Executive Officer
(416) 762-8175 ext. 302
(416) 762-7408 (FAX)
leather@danier.com

or

Bryan Tatoff
Vice-President and Chief Financial Officer
(416) 762-8175 ext. 328
(416) 762-7408 (FAX)
bryan@danier.com

or

Karen Goulet
Capital Markets Communications
(416) 322-3070
(416) 322-3055 (FAX)