The Sportsman's Guide Shareholders Elect Ronald G. Olson to Board; Board Authorizes Stock Repurchase and Withdraws 2005 Stock In

The Sportsman's Guide Shareholders Elect Ronald G. Olson to
Board; Board Authorizes Stock Repurchase and Withdraws 2005 Stock Incentive
Plan From Annual Meeting Ballot 


SOUTH ST. PAUL, Minn., May 6  /PRNewswire-FirstCall/ -- The Sportsman's Guide,
Inc. (NASDAQ:SGDE) today announced that Ronald G. Olson has been elected to the
Company's board of directors at the annual meeting held May 6, 2005.

Olson, 64, has been the Chairman and CEO of D. Ventures, Inc., which operates
Clean 'n Press stores in the Minneapolis area since 1990.  In 1986 he
co-founded Grow Biz International, Inc., a franchisor of value-oriented retail
concepts that buy, sell, trade and consign merchandise under the store brands
Play It Again Sports, Once Upon A Child, Plato's Closet and Music Go Round.
Olson served as President and CEO of Grow Biz from 1990 to 1999 and Vice
Chairman from 1999 to 2000.  He also serves on the Board of Trustees of North
Dakota State University, Fargo.

It was also announced that the board has authorized management to purchase up
to 10% of the Company's common stock over the next twelve months in the open
market or in privately negotiated transactions.  This is the third consecutive
year that the board has authorized management to repurchase the Company's
shares.

Additionally, the Company announced that its board, pursuant to the request of
management, withdrew the 2005 Stock Incentive Plan from the Company's annual
meeting ballot.  The withdrawal means that the plan will not be considered nor
implemented at this time.

The Sportsman's Guide is an Internet and catalog retailer offering value-priced
outdoor gear and general merchandise, with a special emphasis on outdoor
clothing, outdoor equipment, golf apparel and equipment and footwear. The
Company sells through both Internet Web sites and catalogs.  The Company's Web
sites include http://www.sportsmansguide.com/ , http://www.tgw.com/ and
http://www.bargainoutfitters.com/ .

  CONTACT:  William P. Bartkowski
            MeritViewPartners
            612.605.8616


DATASOURCE: The Sportsman's Guide, Inc.



CONTACT:  William P. Bartkowski of MeritViewPartners, [phone]



Web site:  http://www.sportsmansguide.com/

http://www.tgw.com/

http://www.bargainoutfitters.com/ 

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