DENVER – Dec. 22, 2004 – Sport-Haley, Inc. has announced that, effective December 15, 2004, the Company has engaged the investment-banking firm of Caymus Partners LLC to assist the Company in exploring potential strategic alternatives to maximize shareholder value. It is not known at this time whether any transaction will result from exploring these potential strategic alternatives.

Caymus Partners LLC (www.caymuspartners.com) is a middle market investment-banking firm based in Atlanta and New York. Caymus Partners provides investment-banking services, including merger and acquisition advice, private placement services and strategic financial advisory services to companies in the consumer, business services and healthcare industries.

Sport-Haley, Inc. designs, purchases, contracts for the manufacture of, and markets quality men's and women's fashion golf apparel and outerwear under the HALEY label and premium men's apparel under the Ben Hogan label. HALEY fashion golf apparel, known for its innovative design, quality fabrics, generous fit and classic style is marketed in the premium and mid-priced markets through a network of independent sales representatives and distributors to golf professional shops, country clubs and resorts across the United States and internationally.

HALEY apparel is also marketed to corporate, college and other markets. Ben Hogan apparel is marketed to elite golf professional shops, upscale resorts and exclusive department stores within the United States.