April 20, 2011

Financial

Gildan Activewear Will Hold its 2011 Second Quarter Results Conference Call at 8:30 AM EDT on May 11, 2011

Montréal, Wednesday, April 20, 2011 – Gildan Activewear Inc. (GIL; TSX and NYSE) will report its fiscal 2011 second quarter results on Wednesday, May 11, 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 second quarter results conference call can be accessed by dialing (800) 261-3417 (Canada & U.S.) or (617) 614-3673 (international) and entering passcode 37229289, 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 44708218, until Wednesday, May 18, 2011 at midnight, or by sound webcast on Gildan’s Internet site for 30 days.

About Gildan

Gildan is a vertically-integrated marketer and manufacturer of quality branded basic apparel. The Company is the leading brand in the screenprint market in the U.S. and Canada and is also establishing a growing presence 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. Gildan is also a leading supplier of socks sold to mass-market and other retailers in North America, and is increasingly becoming a significant supplier of underwear and undecorated activewear products to this market as well. 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 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.

- 30 -

Investor inquiries :

Sophie Argiriou

Vice president, Investor Communications

(514) 343-8815

Media inquiries :

Geneviève Gosselin

Director, Global Communications and Corporate Marketing

(514) 343-8814