Tandy Leather Factory Schedules 2006 Earnings Announcement.

FORT WORTH, Texas -- Tandy Leather Factory, Inc. (AMEX:TLF) announced today that it expects to release financial results for the fourth quarter and year ended December 31, 2006 on Tuesday, March 6, 2007. A conference call will be conducted by Ron Morgan, CEO, and Shannon Greene, CFO, at 2:00 p.m. Eastern Time on March 6, 2007, and will be accessible to the public by calling 1-800-346-7359 (U.S. and Canada); Reference #842124. International callers dial 1-973-528-0008. Callers should dial in approximately 5 minutes before the call begins.

A conference call replay will be available at 5:00 p.m. Eastern Time on March 6, 2007 through 12:00 a.m. Eastern Time March 20, 2007 and can be accessed by calling (U.S. and Canada) 1-800-332-6854 or (international) 1-973-528-0005; for both reference conference call ID number: 842124.

This call is being webcast by Vcall and can be accessed at the company's web site at www.tandyleatherfactory.com or at www.InvestorCalendar.com. The webcast will be archived and available for replay through June 7, 2007.

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 64 Tandy Leather retail stores, located in 31 states. Its common stock trades on the American Stock Exchange with the symbol "TLF".

This news release may contain forward-looking statements. All forward-looking statements made here or in other news releases issued by Tandy Leather Factory, Inc. are based on current expectations as of the date of the release. These forward-looking statements involve risks and uncertainties that could cause the results of Tandy Leather Factory, Inc. to differ materially from management's current expectations. Many of these risks and uncertainties are detailed from time to time in TLF's reports filed with the Securities and Exchange Commission, including its most recent annual report on Form 10-K and the most recent quarterly report on Form 10-Q. Investors are reminded that past performance may not be predictive of future results.