Gildan Activewear Will Hold its Fiscal 2011 Third Quarter Results Conference Call at 8:30 AM EDT on August 4, 2011

MONTRÉAL, QUÉBEC--(Marketwire - July 18, 2011) - Gildan Activewear Inc. (TSX:GIL)(NYSE:GIL) will report its fiscal 2011 third quarter results on Thursday, August 4, 2011. A press release will be issued before market open and a conference call is scheduled for that same day at 8:30 AM EDT to discuss the Company's results and business outlook.

The third quarter results conference call can be accessed by dialing (800) 261-3417 (Canada & U.S.) or (617) 614-3673 (international) and entering passcode 54602632, or by live sound webcast on Gildan's Internet site ("Investor Relations" section) at the following address: http://gildan.com/corporate/IR/webcastPresentations.cfm. If you are unable to participate in the conference call, a replay will be available starting that same day at 11:30 AM EDT by dialing (888) 286-8010 (Canada & U.S.) or (617) 801-6888 (international) and entering passcode 77897440, until Thursday, August 11, 2011 at midnight, or by sound webcast on Gildan's Internet site for 30 days.

About Gildan

Gildan is a vertically-integrated marketer and globally low-cost manufacturer of quality branded basic apparel. Gildan^® is the leading activewear brand in the screenprint market in the U.S. and Canada. The brand is continuing to grow in Europe, Mexico and the Asia-Pacific region. The Company sells T-shirts, sport shirts and fleece as undecorated "blanks", which are subsequently decorated by screenprinters with designs and logos. The Company is also one of the world's largest suppliers of branded and private label athletic, casual and dress socks sold to a broad spectrum of retailers in the U.S. Gildan markets its sock products under a diversified portfolio of company-owned brands, including Gold Toe^®, PowerSox^®, SilverToe^®, Auro^®, All Pro^®, GT^®, and the Gildan^® brand. The Company is also the exclusive U.S. sock licensee to the Under Armour^® and New Balance^® brands. In addition to socks, the Company is increasingly becoming a significant supplier of underwear and undecorated activewear products in the retail channel. With over 29,000 employees worldwide, Gildan owns and operates highly efficient, large-scale, environmentally and socially responsible facilities in Central America and the Caribbean Basin and has begun the development of a manufacturing hub in Bangladesh to support its planned growth in Asia and Europe. More information on the Company can be found on Gildan's website at www.gildan.com.