NEWS RELEASE TRANSMITTED BY CCN - A NEWSWIRE SERVICE OF ITG

FOR:  DANIER LEATHER INC.

TSE SYMBOL:  DL

JANUARY 24, 2001 - 09:36 EST

Danier Leather Inc. Renews Share Repurchase Plan

TORONTO, CANADA--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. 

Danier currently has 5,610,500 subordinate voting shares issued 
and outstanding.  The notice provides that Danier may, during the 
12 month period commencing January 26, 2001 and ending January 25,
2002, purchase on The Toronto Stock Exchange up to 554,965 
subordinate voting shares, being approximately 10% of the public 
float of 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.  Shares that are 
purchased pursuant to the normal course issuer bid will be 
cancelled by the Corporation.  From January 26, 2000 to January 
25, 2001, Danier purchased 429,500 subordinate voting shares at an
average price of $9.86 per share.  Such share purchases were 
effected through the facilities of The Toronto Stock Exchange in 
connection with a normal course issuer bid. 

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

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 82 shopping mall, street front, and power 
centre stores and online through its website, www.danier.com. 

Certain statements in this press release contain forward-looking 
statements that deal with potential future circumstances and 
developments. Forward-looking statements involve risks and 
uncertainties, including, but not limited to, the weather and 
performance of the economies in the markets in which the Company 
operates, continued acceptance of the Company's products, 
competitive factors, the Company's ability to identify and 
interpret fashion trends, factors affecting its sourcing of skins 
from operations in Europe, New Zealand and Asia, and other such 
risks as we may identify in this release or in other published 
documents.  Accordingly, there is no certainty that the Company's 
plans will be achieved. 

FOR FURTHER INFORMATION PLEASE CONTACT:
Danier Leather Inc.
Bryan Tatoff
Vice-President and Chief Financial Officer
(416) 762-8175 ext. 328
(416) 762-7408 (FAX)
bryan@danier.com