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Press release from CNW Group

MTY DECLARES ITS QUARTERLY DIVIDENDS

Monday, January 31, 2011

MTY DECLARES ITS QUARTERLY DIVIDENDS10:09 EST Monday, January 31, 2011TSX Trading Symbol: "MTY"MONTREAL, Jan. 31 /CNW Telbec/ - MTY Food Group Inc. ("MTY" or the "Company"), franchisor and operator of over 1,700 quick service restaurants, today declares a quarterly dividend of 4.5¢ per share payable on February 18, 2011 to shareholders registered in the Company's records at the end of the business day on February 9, 2011.Certain information in this News Release may constitute "forward-looking" information that involves known and unknown risks, uncertainties, future expectations and other factors which may cause the actual results, performance or achievements of the Company or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. When used in this News Release, this information may include words such as "anticipate", "estimate", "may", "will", "expect", "believe", "plan" and other terminology. This information reflects current expectations regarding future events and operating performance and speaks only as of the date of this News Release. Except as required by law, we assume no obligation to update or revise forward-looking information to reflect new events or circumstances. Additional information is available in the Company's Management Discussion and Analysis, which can be found on SEDAR at www.sedar.com.On Behalf of the Board of Directors of MTY Food Group Inc._____________________________________ Stanley Ma, Chairman, President & CEOFor further information: Jean-Francois Dube, Investor Relations at 1-450-226-8475 or by email at jfdube@mac.ca or visits our website: www.mtygroup.com or visit SEDAR's website at www.sedar.com under the Company's name.