NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR:  DANIER LEATHER INC.

TSX SYMBOL:  DL.SV

OCTOBER 19, 2004 - 15:14 ET

Danier Leather Reports Fiscal 2005 First Quarter 
Results

TORONTO, ONTARIO--(CCNMatthews - Oct. 19, 2004) - Danier Leather Inc. 
(TSX:DL.SV) today announced its consolidated financial results for the 
13 weeks ended September 25, 2004.

HIGHLIGHTS ($000s, except earnings per share):

/T/

                          -------------------------------------------
                                      For the 13 Weeks Ended         
                          -------------------------------------------
                             Sept. 25, 2004  Sept. 27, 2003    % chg 
---------------------------------------------------------------------
Sales                               $24,642         $23,301       6%
---------------------------------------------------------------------
EBITDA (Loss)                       ($4,080)        ($5,018)     19%
---------------------------------------------------------------------
Net Earnings (Loss)                 ($3,413)        ($4,108)     17%
---------------------------------------------------------------------
EPS - Basic                          ($0.49)         ($0.59)     17%
---------------------------------------------------------------------
EPS - Fully Diluted                     n/a             n/a          
---------------------------------------------------------------------
Number of Stores                         99             100      (1%)
---------------------------------------------------------------------
Retail Square Footage               379,930         375,664       1%
---------------------------------------------------------------------

/T/

HIGHLIGHTS

- Sales increased 6% to $24.6 million, comparable store sales increased 
5%

- Accessory sales increased 9% in the quarter and represented 22% of 
total sales

- Launched advertising campaign featuring Sex and the City personality, 
Chris Noth

- Paid first quarterly dividend of $0.06 per share

"While the first quarter is traditionally our slowest, the results 
achieved are encouraging," said Jeffrey Wortsman, President and CEO of 
Danier Leather. "We are excited about our merchandise offering and the 
recent launch of our new advertising campaign featuring Sex and the 
City's Chris Noth. His cool elegance and sophistication further enhance 
Danier's brand and drive traffic to our stores."

Sales for the first quarter increased 6% to $24.6 million from $23.3 
million in the first quarter of fiscal 2004 while comparable store sales 
increased 5%. Danier's expanding line of accessories continued to 
perform well in the quarter. Sales of accessories increased 9%, 
representing 22% of total sales compared with 21% of total sales in 
first quarter of 2004.

EBITDA(1) loss decreased 19% and was $4.1 million compared with a loss 
of $5.0 million in the same quarter last year. Net loss declined by 17% 
to $3.4 million, or $0.49 per share, compared to a loss of $4.1 million, 
or $0.59 per share, in the first quarter of fiscal 2004.

Gross profit margin improved 350 basis points to 46.9% from 43.4% in the 
first quarter of fiscal 2004. Gross profit dollars increased 14% to 
$11.6 million from $10.1 million a year ago. This improvement is the 
result of having fewer markdowns on previous season inventory as well as 
an increase in overall sales.

Danier maintains a strong financial position with working capital of 
$39.9 million and no long-term debt. During the quarter Danier worked to 
improve shareholder value by paying its first quarterly dividend of 
$0.06 cents a share and repurchasing 79,400 shares under its Normal 
Course Issuer bid.

During the first quarter, Danier opened one shopping mall location (West 
Vancouver, British Columbia). For the remainder of fiscal 2005, Danier 
expects to open one power centre location, as well as renovate up to 
nine existing mall stores.

"Superior execution of our strategy is our number one priority as we 
gear up for the holiday season," added Mr. Wortsman. In fiscal 2005, we 
will continue to narrow and deepen our merchandising, trim our response 
times in replenishing fast-moving items, and improve processes across 
the company."

Danier is holding its Annual General Meeting today, Tuesday, October 19 
at 4:00 p.m. Eastern Daylight Time at The Design Exchange, 234 Bay 
Street in downtown Toronto. Shareholders are encouraged to attend. The 
annual meeting will also be webcast live at www.danier.com.

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.

(1)EBITDA refers to earnings before interest expense, income tax, 
depreciation and amortization, and is a measure used by management to 
assess operating performance. EBITDA is a non-GAAP earnings measure and 
does not have a standardized meaning. It is therefore unlikely to be 
comparable to similar measures presented by other issuers.

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, 
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. 
Danier disclaims any responsibility to update or revise such 
forward-looking statements whether as a result of new information, 
future events or otherwise.

/T/

DANIER LEATHER INC.                                       
CONSOLIDATED STATEMENTS OF EARNINGS (LOSS) AND RETAINED EARNINGS
(thousands of dollars, except earnings per share and number of shares
 outstanding)                                       
---------------------------------------------------------------------
---------------------------------------------------------------------
                                                                     
                                              For the 13 Weeks Ended 
                                            -------------------------
                                              September    September
                                               25, 2004     27, 2003
                                            -------------------------
                                             (unaudited)  (unaudited)
Revenue                                        $ 24,642     $ 23,301
Cost of sales (Note 7)                           13,084       13,196
                                            -------------------------
Gross profit                                     11,558       10,105
Selling, general and administrative
 expenses (Note 7)                               17,353       16,876
                                            -------------------------
(Loss) before interest and income taxes          (5,795)      (6,771)
Interest (income) expense                           (59)          76
                                            -------------------------
(Loss) before income taxes                       (5,736)      (6,847)
Provision for income tax                         (2,323)      (2,739)
                                            -------------------------
Net (loss) for the period                      $ (3,413)    $ (4,108)
                                            -------------------------
                                            -------------------------
                                                                     
Retained earnings, beginning of period           36,902       43,999
Share purchases                                    (537)           0
Dividends                                          (417)           0
                                            -------------------------
Retained earnings, end of period               $ 32,535     $ 39,891
                                            -------------------------
                                            -------------------------
(Loss) per Share:                                                    
 Basic                                           ($0.49)      ($0.59)
 Diluted                                            n/a          n/a
                                                                     
Weighted Average Number of Shares
 Outstanding:                           
 Basic                                        6,933,657    6,919,554
 Diluted                                      6,980,974    6,984,399
Number of Shares Outstanding                  6,867,154    6,919,554



DANIER LEATHER INC.                                       
CONSOLIDATED BALANCE SHEETS                                       
(thousands of dollars)                                       
---------------------------------------------------------------------
---------------------------------------------------------------------
                                                                     
                                   September   September      June  
                                    25, 2004    27, 2003    26, 2004
                                   ---------   ---------   ---------
                                   (unaudited) (unaudited)        
ASSETS                                                               
Current Assets                                                       
 Cash                                  $ 444         $ -    $ 23,000
 Accounts receivable                   1,176       1,246         634
 Income taxes recoverable              2,696       3,852           -
 Inventories (Note 3)                 44,403      57,456      29,915
 Prepaid expenses                        730         813         923
 Future income tax asset                 103       1,051         107
                                   ---------   ---------   ---------
                                      49,552      64,418      54,579
                                                                     
Other Assets                                                         
 Capital assets (Note 4)              29,743      33,536      30,212
 Goodwill                                342         342         342
 Future income tax asset               4,681           0       4,736
                                   ---------   ---------   ---------
                                    $ 84,318    $ 98,296    $ 89,869
                                   ---------   ---------   ---------
                                   ---------   ---------   ---------
LIABILITIES                                                          
Current Liabilities                                                  
 Bank overdraft                          $ -    $ 21,424         $ -
 Accounts payable and accrued
  liabilities                          9,691       9,053       9,425
 Income taxes payable                      -           -         952
                                   ---------   ---------   ---------
                                       9,691      30,477      10,377

Accrued litigation provision
 and related expenses (Note 9)        15,373         976      15,450
Deferred lease inducements             2,185       2,261       2,283
Future income tax liability              470         696         472
                                   ---------   ---------   ---------
                                      27,719      34,410      28,582
                                   ---------   ---------   ---------
                                                                     
SHAREHOLDERS' EQUITY                                                 
 Share capital (Note 5)               23,845      23,995      24,166
 Contributed surplus                     219           -         219
 Retained earnings                    32,535      39,891      36,902
                                   ---------   ---------   ---------
                                      56,599      63,886      61,287
                                   ---------   ---------   ---------
                                    $ 84,318    $ 98,296    $ 89,869
                                   ---------   ---------   ---------
                                   ---------   ---------   ---------



DANIER LEATHER INC.                                       
CONSOLIDATED CASH FLOW STATEMENTS                             
(thousands of dollars)                                       
---------------------------------------------------------------------
---------------------------------------------------------------------
                                                                     
                                              For the 13 Weeks Ended
                                           --------------------------
                                             September     September 
                                              25, 2004      27, 2003
                                           --------------------------
                                            (unaudited)   (unaudited)
Operating activities                                                 
Net loss for the period                       $ (3,413)     $ (4,108)
 Items not affecting cash:                                           
 Amortization                                    1,715         1,753
 Amortization of deferred lease inducements        (98)          (90)
 Future income taxes                                57            (7)
Change in non-cash working capital items
 (Note 10)                                     (18,296)      (25,296)
                                           --------------------------
Cash flows from operating activities           (20,035)      (27,748)
                                           --------------------------
Financing activities                                                 
 Subordinate voting shares issued                   14             -
 Subordinate voting shares purchased              (872)            -
 Dividends                                        (417)            -
 Proceeds from lease inducements                     -           113
                                           --------------------------
Cash flows from financing activities            (1,275)          113
                                           --------------------------
Investing activities                                                 
 Acquisition of capital assets                  (1,246)       (1,043)
                                           --------------------------
Cash flows from investing activities            (1,246)       (1,043)
                                           --------------------------
Decrease in cash                               (22,556)      (28,678)
Cash, beginning of period                       23,000         7,254
                                           --------------------------
Cash (bank overdraft), end of period             $ 444     $ (21,424)
                                           --------------------------
                                           --------------------------
Supplementary cash flow information:                             
 Interest paid                                       -            58
 Income taxes paid                               1,467         1,037

/T/

DANIER LEATHER INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

For the 13 week periods ended September 25, 2004 and September 27, 2003

(Unaudited)

1. SIGNIFICANT ACCOUNTING POLICIES:

(a) Basis of Presentation:

The interim financial statements presented herein follow the same 
accounting policies and their methods of application as the 2004 annual 
financial statements. Generally accepted accounting policies ("GAAP") 
for interim financial statements do not conform in all respects to the 
disclosures required for annual financial statements, and accordingly, 
these interim financial statements should be read in conjunction with 
the Company's audited consolidated financial statements and the 
accompanying notes contained in the Company's 2004 Annual Report.

The preparation of financial statements in conformity with Canadian 
generally accepted accounting principles requires management to make 
estimates and assumptions that affect the reported amounts of assets and 
liabilities and disclosure of contingent assets and liabilities at the 
date of the financial statements and the reported amounts of revenues 
and expenses during the reporting period. These estimates and 
assumptions are based on management's best knowledge of current events 
and actions that the Company may undertake in the future. Significant 
areas requiring the use of management estimates relate to the 
determination of litigation award reserves, inventory valuation, 
realizable value of capital assets, deferred tax assets, and income tax 
provisions. By their nature, these estimates are subject to measurement 
uncertainty and the impact on the consolidated financial statements of 
future periods could differ materially from those estimated.

(b) Comparative Figures:

Certain of the prior period's figures were reclassified to conform with 
the current year's financial statement presentation.

2. SEASONALITY OF RETAIL OPERATIONS:

Due to the seasonal nature of the retail business and the Company's 
product lines, the results of operations for any interim period are not 
necessarily indicative of the results of operations to be expected for 
the fiscal year. Generally, a significant portion of the Company's sales 
and earnings are generated during the fiscal second quarter, which 
includes the holiday selling season. Sales are generally lowest and 
losses are experienced during the period from April to September.

/T/

3. INVENTORIES (thousands of dollars):

                           September 25,    September 27,    June 26,
                                   2004             2003        2004
                         ---------------- ---------------- ----------
Raw materials                   $ 4,002          $ 5,289     $ 4,043
Work-in-process                   1,502            2,052       1,363
Finished goods                   38,899           50,115      24,509
                         ---------------- ---------------- ----------
                               $ 44,403         $ 57,456    $ 29,915
                         ---------------- ---------------- ----------
                         ---------------- ---------------- ----------

4. Capital Assets (thousands of dollars):

                        September 25, 2004       September 27, 2003
             ----------------------------- --------------------------
                        Accumu-  Net Book           Accumu-  Net Book
                          lated                       lated
                 Cost   Amorti-     Value     Cost  Amorti-     Value
                         zation                     zation
             ----------------------------- --------------------------
Land          $ 1,000    $    -    $1,000  $ 1,000  $     -   $ 1,000
Building        7,064     1,162     5,902    7,035      945     6,090
Leasehold
 improvements  28,282    13,591    14,691   27,244   10,673    16,571
Furniture and
 equipment     12,194     7,337     4,857   12,047    6,379     5,668
Computer hardware
 and software   9,197     5,904     3,293    9,342    5,135     4,207
             ----------------------------- --------------------------
              $57,737   $27,994   $29,743 $ 56,668 $ 23,132  $ 33,536


                                   June 26, 2004
                       --------------------------------------
                                    Accumulated    Net Book
                           Cost    Amortization       Value
                       --------------------------------------
Land                    $ 1,000     $         -     $ 1,000
Building                  7,066           1,080       5,986
Leasehold improvements   27,351          12,779      14,572
Furniture and equipment  12,101           7,036       5,065
Computer hardware and
 software                 8,973           5,384       3,589
                       --------------------------------------
                        $56,491         $26,279     $30,212
                       --------------------------------------
                       --------------------------------------

5. Share Capital (thousands of dollars, except per share amounts):

(a) Authorized

1,224,329 Multiple Voting Shares
Unlimited Subordinate Voting Shares
Unlimited Class A Preference Shares

(b) Issued

                                  Sept 25,     Sept 27,     June 26,
                                      2004         2003         2004
                                -------------------------------------
1,224,329 Multiple Voting
 Shares (September 27, 2003 and
 June 26, 2004 - 1,224,329)             (i)          (i)          (i)

5,642,825 Subordinate Voting Shares
 (September 27, 2003 - 5,695,225
 and June 26, 2004 - 5,720,225)     23,845       23,995       24,166
                                -------------------------------------
                                  $ 23,845     $ 23,995     $ 24,166
                                -------------------------------------
                                -------------------------------------

(i) Nominal

The following transactions occurred with respect to the Subordinate
Voting shares:

                                13 Weeks Ended        13 Weeks Ended
                            September 25, 2004    September 27, 2003
                          -------------------------------------------
                               Number        $       Number        $
                          -------------------------------------------
Shares outstanding at
 beginning of the period    5,720,225  $24,166    5,695,225  $23,995
Issued                          2,000       14            -        -
Repurchased                   (79,400)    (335)           -        -
                          -------------------------------------------
Shares outstanding at
 end of the period          5,642,825  $23,845    5,695,225  $23,995
                          -------------------------------------------
                          -------------------------------------------

/T/

(c) Normal course issuer bid

On February 4, 2004, the Company received approval from the Toronto 
Stock Exchange to renew its normal course issuer bid. The bid permits 
the Company to acquire up to 284,761 subordinate voting shares, 
representing approximately 5% of the issued and outstanding subordinate 
voting shares, during the period from February 6, 2004 to February 5, 
2005. During the 13 week period ended September 25, 2004, 79,400 
Subordinate Voting Shares (September 27, 2003 - NIL) were purchased for 
cancellation at prevailing market prices for cash consideration of 
$872,000. The excess of $537,000 over the average paid-in value of the 
shares was charged to retained earnings.

(d) Stock option plan

As at September 25, 2004, the Company has reserved 913,275 Subordinate 
Voting Shares for issuance under its Stock Option Plan. As at September 
25, 2004, there were 642,400 options outstanding with exercise prices 
ranging from $6.02 to $17.94. Of these outstanding options, 572,650 are 
exercisable. During the 13 weeks ended September 25, 2004 no stock 
options were granted. Further details of the Stock Option Plan are 
contained in Note 6(e) of the consolidated financial statements 
contained in the 2004 Annual Report.

In September 2003, the CICA amended Handbook Section 3870 to require the 
use of the fair value-based method to account for stock options, 
commencing with fiscal years beginning on or after January 1, 2004. 
Under the fair value-based method, compensation cost is measured at fair 
value at the date of the grant and is expensed over the vesting period. 
In accordance with the permitted transitional options, during the fourth 
quarter of 2004, the Company prospectively applied the fair value-based 
method to all stock options granted on or after June 29, 2003.

Options granted during the year ended June 28, 2003 continue to be 
accounted for using the settlement accounting method. During that year, 
the Company granted 111,000 stock options (net of 25,000 forfeited 
options during fiscal 2003 and 50,000 forfeited options during fiscal 
2004) with an exercise price of $15.85. Had compensation cost been 
determined using the fair value-based method at the grant date of the 
stock options awarded to employees and directors, the net earnings and 
earnings per share for the 13 weeks ended September 25, 2004 and 
September 27, 2003 would have been reduced to the pro forma amounts 
indicated in the following table:

/T/

                         13 Weeks Ended           13 Weeks Ended
                       September 25, 2004       September 27, 2003
                     ----------------------   -----------------------
                     As Reported  Pro-forma   As Reported  Pro-forma
                     ----------------------   -----------------------
Net earnings (loss)      ($3,413)   ($3,473)      ($4,108)   ($4,168)
Basic earnings (loss)
 per share                ($0.49)    ($0.50)       ($0.59)    ($0.60)
Diluted earnings
 per share                   n/a        n/a           n/a        n/a

/T/

The pro forma effect on net earnings of the period is not representative 
of the pro forma effect on net earnings of future periods because it 
does not take into consideration the pro forma compensation cost related 
to options awarded prior to June 29, 2002.

The fair value of options granted during fiscal 2003 and fiscal 2004 was 
estimated on the grant date using the Black-Scholes Option Pricing 
Model. The Black-Scholes Option Pricing Model was developed for use in 
estimating the fair value of traded options, which have no vesting 
restrictions and are fully transferable. In addition, the Black-Scholes 
Option Pricing Model requires the use of subjective assumptions 
including the expected stock price volatility. As a result the Company's 
stock option plan having characteristics different from those of traded 
options, and because changes in the subjective assumptions can have a 
material effect on the fair value estimate, the Black-Scholes Option 
Pricing Model does not necessarily provide a reliable single measure of 
the fair value of options granted.

7. Amortization (thousands of dollars):

Amortization of $1,715 (September 27, 2003 - $1,753) is summarized as 
follows:

/T/

                                 Sept 25, 2004          Sept 27, 2003
                                --------------          -------------
Amortization included in cost
 of sales                                $ 195                  $ 185
Amortization included in 
 selling, general and 
 administrative expenses                 1,520                  1,568
                                -------------------------------------
                                       $ 1,715                $ 1,753
                                -------------------------------------
                                -------------------------------------

8. Income taxes (thousands of dollars):

The Company's effective income tax rate consists of the following:

                                 Sept 25, 2004         Sept 27, 2003
                                --------------         -------------
Combined basic federal and 
 provincial average statutory
 rate                                    36.1%                 37.6%
Manufacturing and processing
 credit                                  (0.5%)                (0.9%)
Effect of foreign operating
 losses                                   4.0%                  2.8%
Other                                     0.9%                  0.5%
                                --------------         -------------
                                         40.5%                 40.0%
                                --------------         -------------
                                --------------         -------------

9. Litigation provision and related expenses:

                                 Sept 25, 2004         Sept 27, 2003
                                --------------         -------------
Provision for damages, costs
 and interest                         $ 15,000                 $   -
Legal and professional fees                373                   976
                                --------------         -------------
Accrued litigation provision
 and related expenses                 $ 15,373                 $ 976
                                --------------         -------------
                                --------------         -------------

/T/

In fiscal 1999, the Company and certain of its directors and officers 
were served with a Statement of Claim under the Class Proceedings Act 
(Ontario) concerning the accuracy and disclosure of certain information 
contained in a financial forecast issued by the Company during its 
initial public offering ("IPO") in 1998. The suit sought damages be paid 
equal to the alleged diminution in value of the shares.

In October 2001, a motion to certify the action as a class action was 
granted. The trial commenced in the Superior Court of Justice (Ontario) 
during May 2003 and was completed in January 2004. On May 7, 2004 the 
Judge issued a judgment in favour of the Plaintiffs and awarded damages 
to Canadian shareholders who purchased subordinate voting shares in the 
IPO. The Judge concluded that at the time of pricing of the IPO, which 
was two weeks before the closing, the forecast was reasonable and that 
the Company's CEO and CFO had an honest belief at the time the IPO 
closed that the forecast could be achieved. The Judge further held that 
the forecast was, in fact, substantially achieved. Despite these 
findings, the Court decided that management's judgement that the 
forecast was still achievable at the time of closing was not reasonable. 
The Company is contesting this decision and has filed a Notice of Appeal 
as discussed below.

For those shareholders who sold their shares between June 4 and 9, 1998, 
the Court awarded them the difference between the IPO price and the 
price at which they sold their shares. For those shareholders who sold 
or still hold those shares after June 9, 1998, the Court awarded $2.35 
per share.

Based solely on the information currently available, if the award had 
been paid at the fiscal 2004 year-end, the Company estimates the damages 
to be about $10 million. Interest and costs have not been dealt with by 
the Court but if awarded, the Company estimates the total award could 
increase by approximately $5 million. During the fourth quarter of 2004, 
the Company recorded an expense and set up a provision of $15 million 
pursuant to this judgment. The judgment is a joint and several 
responsibility of the Company and two of its Senior Officers. The 
Company carries directors and officers insurance and it expects that the 
insurance will cover the two Senior Officers' portion of the total award 
but the amount of insurance is not reasonably determinable at this time 
and its recovery has therefore not been accrued. The provision for 
recovery of income taxes related to the award is based on the entire $15 
million provision and does not take account of the potential results of 
the appeal discussed in the next paragraph, any possible insurance 
recoveries or future tax adjustments. The damages award and income tax 
recovery is based on management's best estimate and is subject to 
adjustment when all facts are known and all issues are resolved. The 
possible adjustment could be significant.

In June 2004, a Notice of Appeal was filed by the Company and two of its 
Senior Officers. Payment of any damages will be deferred as the award 
and the judgment are stayed by the filing of the appeal.

During the years ended June 26, 2004 and June 28, 2003, a provision for 
future legal and professional fees was set up in the amounts of $0.5 
million and $1.2 million, respectively. As at September 25, 2004, the 
provision for future legal and professional fees in connection with the 
appeal was $0.4 million and as at September 27, 2003, the provision for 
future legal and professional fees related to the trial was 
approximately $1.0 million.

10. Changes in non-cash operating working capital items (thousands of 
dollars):

/T/

                                              13 Weeks Ended
                                     --------------------------------
                                      Sept 25, 2004    Sept 27, 2003
                                     --------------    --------------
Accounts receivable                          $ (542)          $ (646)
Inventories                                 (14,488)         (20,427)
Prepaid expenses                                193               76
Accounts payable and accrued
 liabilities                                    189             (530)
Income taxes recoverable                     (3,648)          (3,769)
                                     --------------    --------------
                                          $ (18,296)       $ (25,296)
                                     --------------    --------------
                                     --------------    --------------

/T/

11. Commitments - (thousands of dollars):

(a) Operating leases

Minimum rentals for the next five fiscal years and thereafter, excluding 
rentals based upon revenue are as follows:

/T/

2005                  $ 11,841
2006                  $ 11,127
2007                  $ 10,397
2008                  $  8,693
2009                  $  6,900
Thereafter            $ 12,672

/T/

(b) Letters of credit

The Company had outstanding letters of credit in the amount of $10,175 
(September 27, 2003 - $9,053; June 26, 2004 - $6,804) for imports of 
finished goods inventories to be received.

12. Segmented information:

Management has determined that the Company operates in one dominant 
industry and geographic segment which involves the design, manufacture 
and retail of fashion leather and suede apparel.

FOR FURTHER INFORMATION PLEASE CONTACT:
Danier Leather Inc.
Jeffrey Wortsman, Investor Relations Contact
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) 762-7408 (FAX)
Email:bryan@danier.com