Panorama, BC – For a limited time only, Panorama is offering a $249 pass upgrade to anyone holding a Kicking Horse season pass.

“The bottom line is that we’ve got a lot of snow here at Panorama,” says Ken Wilder, Director of Sales & Marketing at Panorama Mountain Village. “Pass holders from other resorts shouldn’t be penalized by the lack of snow there. By offering to upgrade their pass for skiing at Panorama, they can start their season now instead of waiting.”

To receive the upgrade, pass holders must bring their Kicking Horse season’s pass to customer service at Panorama Mountain Village by December 29, 2000. There they will receive a Panorama pass for just $249.

This is a great value considering a regular pass for Panorama costs $699. Panorama also represents terrific value with its early opening and extended spring season, making for one of the longest ski seasons in the region.

Panorama received a huge dump of 28 cm over the weekend and is experiencing excellent early season conditions. “We’ve been blessed with natural snowfall, combined with state-of-the-art snowmaking capabilities,” stresses Wilder. The mountain currently has 3,000 vertical open on machine groomed and natural snow, including the 2-km long Millennium Trail, and more terrain is opening daily. Grooming has commenced on the Summit lift, which is scheduled to open shortly. More snow is in the forecast.

There is still room at Panorama over the holiday season. Christmas is a fantastic time to visit Panorama, with great value packages available. For more information on vacations at Panorama Mountain Village, call 1-800-663-2929 or visit our web site at www.skipanorama.com .

Panorama Mountain Village is owned and operated by Intrawest Corporation. Intrawest is the leading developer and operator of village-centered resorts across North America. The company owns ten mountain resorts, including Whistler/Blackcomb, North America’s most popular mountain resort. Intrawest is also developing resort villages at five other locations and has a premier vacation ownership business, Club Intrawest. The company also owns Sandestin Golf and Beach Resort in northern Florida, has a 45% interest in Alpine Helicopters Ltd., owner of the largest heli-skiing operation in the world, and has a significant investment in Compagnie des Alpes, the largest ski company in the world in terms of skier visits. Intrawest Corporation’s shares are listed on the New York (IDR) and Toronto (ITW) stock exchanges. The company is headquartered in Vancouver, British Columbia and is located online at www.intrawest.com .

The statements which are not historical facts contained in this release are forward-looking statements that involve risks and uncertainties. Intrawest’s actual results could differ materially from those expressed or implied by such forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, seasonality, weather conditions, competition, general economic conditions, currency fluctuations and other risks detailed in the company’s filings with the Canadian Securities regulatory authorities and the U.S. Securities and Exchange Commission.