Tandy Leather Factory Opens Retail Store in Fargo, ND

Business Wire, June 15, 2009

FORT WORTH, Texas -- Tandy Leather Factory, Inc. (AMEX: TLF) announced today that it is opening a new retail store in Fargo, ND. This is the second of an expected four store openings in 2009 and brings the number of Tandy Leather retail stores to 75. The new store is located at 1617 32nd Avenue South, Suite O in Fargo and will be open for business this week.

Chief Executive Officer, Ron Morgan, commented, “We are pleased to be adding Fargo to our list of stores and have a nice base of customers throughout North Dakota. Mark Norquist will be managing the new store. He has been training in our Denver store for over a year. He is a strong salesman and understands our business. I am confident that Mark will do quite well managing his own store.”

Tandy Leather Factory, Inc., (http://www.tandyleatherfactory.com), headquartered in Fort Worth, Texas, is a specialty retailer and wholesale distributor of a broad product line including leather, leatherworking tools, buckles and adornments for belts, leather dyes and finishes, saddle and tack hardware, and do-it-yourself kits. The Company distributes its products through its 29 Leather Factory stores, located in 19 states and 3 Canadian provinces, 75 Tandy Leather retail stores, located in 36 states and 5 Canadian provinces, one combination wholesale/retail store located in the United Kingdom, and Mid-Continent Leather Sales, one store located in Oklahoma. Its common stock trades on the American Stock Exchange with the symbol "TLF". To be included on Tandy Leather Factory’s email distribution list, go to http://www.b2i.us/irpass.asp?BzID=1625&to=ea&s=0.

This news release may contain statements regarding future events, occurrences, circumstances, activities, performance, outcomes and results that are considered “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. Actual results and events may differ from those projected as a result of certain risks and uncertainties. These risks and uncertainties include but are not limited to: changes in general economic conditions, negative trends in general consumer-spending levels, failure to realize the anticipated benefits of opening retail stores; availability of hides and leathers and resultant price fluctuations; change in customer preferences for our product, and other factors disclosed in our filings with the Securities and Exchange Commission. These forward-looking statements are made only as of the date hereof, and except as required by law, we do not intend to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.