PARK CITY, UT— December 18, 2009—Powdr Corp, a leading mountain resort owner and operator in North America, today announced that it has successfully closed on its acquisition of Copper Mountain Resort from Intrawest.

“We appreciate the hard work put forth to finalize this acquisition,” said John Cumming, chief executive officer at Powdr Corp. “We are thrilled to work with the experienced team in place at Copper Mountain and grateful for the opportunity to expand the Powdr family into Colorado.”

This winter there will be no impacts on the guest experience at Copper Mountain. Powdr Corp will work together with Intrawest to ensure that all of the multi-mountain season pass products, vacation reservations and joint marketing initiatives will be honored for the 2009-2010 winter season. This includes the Rocky Mountain Super Pass suite of products that provide skiers and riders with access to Copper Mountain, Steamboat Resort and Winter Park Resort. Vacation packages and season passes for all three mountains will continue to be available at www.skicolorado.com

“We are excited to join Powdr Corp’s family of resorts,” said Gary Rodgers, president and general manager at Copper Mountain. “The emphasis they place on the on-mountain experience allows us to solidify our place as Summit County’s favorite resort for skiing and riding.”

About Copper Mountain Resort

Copper Mountain is easily accessible and only 75 miles from Denver with 2,465 acres of world-class terrain and a pedestrian village that feels less complicated. Copper’s guests enjoy steps away lodging, après entertainment, naturally divided terrain, exciting events and a playful, knowledgeable staff. Begin your Copper experience with the online videos and photo galleries at www.coppercolorado.com

About Powdr Corp

Powdr Corp is one of the leading mountain resort owners and operators in the United States. Headquartered in Park City, Utah, Powdr Corp currently owns and operates eight ski and snowboard resorts including Park City Mountain Resort in Park City, Utah, Killington Resort and Pico Resort in Killington, Vermont, Mt. Bachelor in Bend, Oregon, Boreal Resort and Soda Springs Resort, both in Donner Summit, California, Las Vegas Ski and Snowboard Resort outside of Las Vegas, Nevada, and the newly acquired Copper Mountain Resort, in Summit County, Colorado. Powdr Corp also operates Gorgoza Park, a lift-served tubing park, in Park City, Utah. For additional information, please visit www.powdr.com