NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR:  DANIER LEATHER INC.

TSX SYMBOL:  DL.SV

FEBRUARY 4, 2005 - 08:30 ET

Danier Leather Inc. Renews Share Repurchase Plan

TORONTO, ONTARIO--(CCNMatthews - Feb. 4, 2005) - Danier Leather Inc. 
(TSX:DL.SV) 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 Corporation currently has 5,399,825 subordinate voting shares issued 
and outstanding. The notice provides that the Corporation may, during 
the 12-month period commencing February 7, 2005 and ending February 6, 
2006, purchase on the Toronto Stock Exchange up to 421,061 subordinate 
voting shares, being approximately 10% of the Corporation's public float 
of 4,210,619 subordinate voting shares. 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 purchases will be determined by the 
Corporation. From February 6, 2004 to February 4, 2005, the Corporation 
purchased for cancellation 322,400 subordinate voting shares at an 
average price of $11.69 per subordinate voting share.

The Corporation believes that the purchase of its subordinate voting 
shares at prevailing market prices may, from time-to-time, be a 
worthwhile investment for the Corporation. Subordinate voting shares 
that are purchased pursuant to the normal course issuer bid will be 
cancelled by the Corporation, thereby enhancing the remaining 
shareholders' value by increasing their proportionate interests.

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

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, or through its corporate sales 
division and online through its website, www.danier.com.

-30-

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