Current and New Epic Pass Holders Receive Free Skiing and Riding with Lodging Purchase at Las Leñas

Broomfield, Colo. – April 4, 2011 – Vail Resorts, Inc. (NYSE: MTN) announced today that all Vail Resorts Epic Pass£ holders including new and renewing Epic Pass purchasers for the 2011-2012 ski and snowboard season can once again continue their epic winter season through the summer – in the Southern Hemisphere – with free and unrestricted skiing and snowboarding at Las Leñas <http://www.laslenas.com/english/> Resort in Argentina for every night stayed at select hotel properties in Las Leñas <http://www.laslenas.com/english/> .

“The Epic Season Pass already gives skiers and riders unlimited access at Vail Resorts’ world-class resorts including Vail <http://www.vail.com/?cmpid=PARPR00001> , Beaver Creek <http://www.beavercreekresort.com/?cmpid=PARPR00001> , Breckenridge <http://www.breckenridge.com/?cmpid=PARPR00001> , Keystone <http://www.keystoneresort.com/?cmpid=PARPR00001> ,  Heavenly <http://www.skiheavenly.com/?cmpid=PARPR00001> , and Northstar-at-Tahoe <http://www.northstarattahoe.com/?cmpid=PARPR00001>  as well as Arapahoe Basin <http://www.arapahoebasin.com/?cmpid=PARPR00001> , but we wanted to continue to give Epic Pass holders even more benefits and once again offer them an opportunity to for an endless ski and ride season in  Las Leñas <http://www.laslenas.com/english/> , Argentina.” said Heidi Kercher-Pratt, vice president and chief marketing officer for Vail Resorts.

The Epic Pass provides unlimited, unrestricted access to six world-class resorts including Vail <http://www.vail.com/?cmpid=PARPR00001> , Beaver Creek <http://www.beavercreekresort.com/?cmpid=PARPR00001> , Breckenridge <http://www.breckenridge.com/?cmpid=PARPR00001> , Keystone <http://www.keystoneresort.com/?cmpid=PARPR00001> , Heavenly <http://www.skiheavenly.com/?cmpid=PARPR00001>  and Northstar-at-Tahoe <http://www.northstarattahoe.com/?cmpid=PARPR00001> , as well as Arapahoe Basin <http://www.arapahoebasin.com/?cmpid=PARPR00001>  for a price of $649 adult and $329 child (ages 5 to 12). Now, all Epic Pass holders can receive free and unrestricted skiing from June through October of 2011 and 2012 at Las Leñas <http://www.laslenas.com/english/> duringtheir stay at a qualifying Las Leñas hotelif they purchase their Epic Pass prior to May 30, 2011. Prices on the Epic Pass are also guaranteed through May 30, 2011. Purchasers can put $49 down now with the remainder due in mid-September. For more information or to purchase your Epic Pass visit www.EpicIsEndless.com <http://www.epicisendless.com/>  .

In order to receive free and unrestricted skiing at Las Leñas, skiers and riders must be a 2010-2011 Epic Pass holder or must buy or renew the Epic Pass for the 2011-2012 ski season before May 30, 2011 and stay at one of following hotels in Las Leñas <http://www.laslenas.com/english/> : The Piscis Hotel <http://www.laslenas.com/english/hotel-piscis.php> , Escorpio Hotel <http://www.laslenas.com/english/hotel-escorpio.php> , Aries Hotel <http://www.laslenas.com/english/hotel-aries.php> , Villa Capricornio <http://www.laslenas.com/english/hotel-capricornio.php> , or Acuario Hotel <http://www.laslenas.com/english/hotel-acuario.php> . Epic Pass holders will receive free skiing for every night stayed at one of these selected hotels. Offer is not valid for Epic Local Pass or Epic 7-Day pass holders or any other Vail Resorts season pass product. For more information or to book your trip visit www.EpicIsEndless.com <http://www.epicisendless.com/>

SeasonPassBenefits

In addition to the free skiing offer at Las Leñas <http://www.laslenas.com/english/> , Epic Pass <http://www.epicpass.com/>  and all Vail Resorts season pass purchasers will continue to receive exclusive offers on lodging, dining, ski rentals, equipment, ski school and special events for the 2011-2012 ski and snowboard season at Vail, Beaver Creek, Breckenridge, Keystone, Heavenly, Northstar-at-Tahoe and Arapahoe Basin. Skiers and snowboarders who purchase their pass this spring will also receive special benefits for the 2011 summer season including access for sightseeing and gondola rides. All season pass products are non-transferable and non-refundable.

For broadcast-quality video footage and more photos, visit: http://public.me.com/vail.resorts. Please credit Vail Resorts and Las LeñasResort for the photos and video.

Also to view a video on Las Leñas visit www.buzz.snow.com <http://www.buzz.snow.com/>  : 10 Days in Argentina: a Two Part Short Film  <http://buzz.snow.com/videos/buzz_videos/m/featured_videos/1462.aspx>

About Vail Resorts
Vail Resorts, Inc., through its subsidiaries, is the leading mountain resort operator in the United States. The Company’s subsidiaries operate the mountain resort properties of Vail, Beaver Creek, Breckenridge and Keystone mountain resorts in Colorado, and the Heavenly Ski Resort and Northstar-at-Tahoe Resort in the Lake Tahoe area of California and Nevada, and the Grand Teton Lodge Company in Jackson Hole, Wyoming. The Company’s subsidiary, RockResorts, a luxury resort hotel company, manages casually elegant properties across the United States and in the Caribbean. Vail Resorts Development Company is the real estate planning, development and construction subsidiary of Vail Resorts, Inc. Vail Resorts is a publicly held company traded on the New York Stock Exchange (NYSE: MTN).  The Vail Resorts company website is www.vailresorts.com and consumer website is www.snow.com <http://www.snow.com/> .