VAIL, Colo., Dec. 21 — Vail Resorts, Inc. (NYSE: MTN) today announced that the latest storm system to move through Colorado left three and a half feet of snow on the slopes of Vail Mountain in the past five days giving skiers and snowboarders an early holiday gift — fresh powder.

With all of the snow Vail has received this week, the ski area opened portions of its legendary Back Bowls today, providing skiers with access to terrain off of the High Noon Lift (Chair 5) in Sun Up Bowl. On Christmas Eve, December 24, Vail anticipates opening China Bowl off of the Orient Express Lift (Chair 21) for the first time this season.

“The snow has fallen on Vail Mountain consistently throughout the past week allowing us to open additional terrain including portions of the Back Bowls for the Christmas holiday,” said Adam Aron, Chairman and Chief Executive Officer of Vail Resorts. “Skiers and snowboarders will have a lot to celebrate this holiday season at Vail with fresh snow, expanded terrain and a Christmas Eve grand opening for the new Two Elk restaurant.”

Two Elk Grand Opening

Visitors receive a Christmas present later this week as Two Elk restaurant reopens Friday, December 24. To celebrate the grand opening and the holiday season, Vail is opening portions of the mountain for a “first tracks” ski and snowboard experience on Christmas Eve day at 7:30 a.m.

“We are very excited to reopen Two Elk just in time for the Christmas holiday,” added Aron. “Our guests will be very surprised when they walk through the doors of Two Elk once again — it looks just like the original, only better. We want to make this day a celebration for the community and for our guests. That is why we are opening the lifts early — we want people to enjoy the incredible snow, the holiday season and the new Two Elk.”

Vail Resorts Inc. is the premier mountain resort operator in North America. The Company operates the Colorado mountain resorts of Vail, Breckenridge, Keystone and Beaver Creek and the Grand Teton Lodge Company in Jackson Hole, Wyoming.