Valle Nevado to Launch First Ski Resort Gondola in Chile, Day Visitor Service Area,

New Apartment Buildings, Wine Fests and Meeting Salon.

$150 Million Development Plan Advances

Santiago, Chile, May 2012 – Valle Nevado ski resort, a visionary leader in resort development in South America, will launch the country’s first ski resort gondola on opening day of the 2012 season on June 29. The gondola will feature 70 six-person cabins and will operate from the base of Valle Nevado’s new day visitor parking lot and service center “Curva 17,” lifting skiers and snowboarders quickly and conveniently to the mountain restaurant Bajo Zero in the center of the resort. The gondola is part of a 10-year, $150 million Master Development Plan that will eventually create a Mountain Village at the base of the resort.

Bajo Zero restaurant will be expanded to include more than 3,000 square feet of new outdoor dining area, so that more guests can enjoy lunch basking in the sun and take in stunning Andean views — including non-skiers, who can now reach the restaurant via the new gondola. The resort’s new Curva 17 service area will also reach stage two (of three stages) to include 500 parking spaces, equipment rental, ticket sales, ski and snowboard school sign-up, lockers, a Valle Nevado store, a restaurant and a cafe.

Valle Nevado is South America’s most modern and largest ski resort, with access to more than 7,000 acres of terrain for all levels of skiers. The resort also offers the continent’s best heliskiing deep into the peaks of the Andes, the world’s 2nd-highest mountains. Valle Nevado offers three contemporary hotels, private condo rentals, 6 restaurants, bars & pubs, apres ski activities, and a deluxe spa & fitness center. Skiers and snowboarders may also visit for the day to Valle Nevado, located just 90 minutes from Santiago and 37 miles from the Santiago airport.

www.vallenevado.com/en

Reservations: 1-800-669-0554

The 2012 season begins June 29 and runs until October 2.

OTHER NEWS AND NOVELTIES AT VALLE NEVADO FOR 2012:

New Apartments Cerro Pintor and Valle Blanco
Valle Nevado will complete construction of two new apartments, Cerro Pinto and Valle Blanco, and begin construction on apartments Cerro Pinto 2 and 3, which will open in 2013. With these new units Valle Nevado will have completed 6 new apartment buildings since 2009. The apartment area will also benefit from a new convenience store for renters and owners to buy a sundry of items.

New Beginner’s Ski and Snowboard Area, Park Improvements.
The 2012 season will see the opening of two new beginner’s slopes, one for children and one for adults, with easily maneuverable cable tows to make learning easier. The new runs will expand the resort’s offer to 41 total runs. The learning area will also see a new “Casa Escuela” for kids that will allow parents to leave their children directly in the safe hands of our instructors. Valle Nevado will also expand and make improvements on the Terrain Park.

New Event Salon
Valle Nevado will open its new event salon, located above the Hotel Tres Puntas and measuring approximately 3,000 square feet. The salon will offer the latest technology for meetings and events, and sweeping views of the Andes Mountains.

Weekly Wine Fest with Casa Marin
This season our guests in all three of our hotels will be treated to a weekly Thursday Wine Fest hosted by the prestigious Casa Marin winery of the San Antonio Valley. The Wine Fest gives guests a chance to understand how the winemaking process works, while enjoying live music and sampling a wide range of Chilean wine varieties. The event will be hosted in our new event salon located above the Tres Puntas Hotel. Wine sales will be available.

Canopy Rides
This winter Valle Nevado will offer a new form of entertainment with a canopy ride, providing 500 feet of descent for pure adrenaline and adventure. The canopy ride adds to a series of new attractions Valle Nevado has undertaken to offer guests an unforgettable and fun experience both on an off the slopes.

Sports & Entertainment Center
This 2012 season, Valle Nevado will open its gymnasium to hotel guests and apartment owners for an après-ski Sports & Entertainment Center. The Center will have pool tables, a skate ramp, climbing wall, ping pong tables, and trampoline, offering fun for kids, teens, and the whole family alike.