NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR:  DANIER LEATHER INC.

TSX SYMBOL:  DL.SV

JANUARY 19, 2005 - 16:09 ET

Danier Leather Inc. Board Declares Quarterly Dividend 
Of 6 Cents Per Share

TORONTO, ONTARIO--(CCNMatthews - Jan. 19, 2005) - Danier Leather Inc. 
(TSX:DL.SV) announced today that its Board of Directors has declared a 
quarterly cash dividend of 6 cents per share on the outstanding 
subordinate voting shares and multiple voting shares of the Corporation. 
The dividend is payable March 1, 2005 to shareholders of record at the 
close of business on February 18, 2005.

About Danier

Danier Leather Inc. is a leading integrated designer, manufacturer, and 
retailer of high-quality leather and suede clothing and accessories. The 
Company's merchandise is marketed exclusively under the well-known 
Danier brand name and is available only at its 99 shopping mall, 
street-front, and power centre stores in North America, or through its 
corporate sales division and online through its website, www.danier.com.

Note: This press release may contain forward-looking statements that 
involve risks, estimates, and uncertainties. Therefore, actual results 
may differ materially. Examples of such risks and uncertainties include 
those associated with product sales, demand for Danier's products, 
weather, availability of raw materials, foreign sourcing and 
manufacturing, estimates of damages, costs and interest associated with 
the class action lawsuit, continued growth of the leather apparel 
industry, and competition and other associated risks with Danier's 
business. For an expanded discussion of risks and uncertainties, please 
see the documents filed by Danier Leather Inc. with the Ontario 
Securities Commission and the Toronto Stock Exchange. Danier disclaims 
any responsibility to update or revise such forward-looking statements 
whether as a result of new information, future events or otherwise.

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Investor Relations Contact: Danier Leather Inc.
Jeffrey Wortsman
President and Chief Executive Officer
(416) 762-8175 ext. 302
(416) 762-7408 (FAX)
Email: leather@danier.com

or

Danier Leather Inc.
Bryan Tatoff
Senior Vice-President and Chief Financial Officer
(416) 762-8175 ext. 328
(416) 762-6072 (FAX)
Email: bryan@danier.com