Intrawest Corporation announces redemption of Senior Notes All dollar amounts are in U.S. currency VANCOUVER, Dec. 30 /PRNewswire-FirstCall/ -- Intrawest Corporation today announced that it has elected to redeem all of its outstanding 10.50% Senior Notes due February 1, 2010 (the "2010 Notes") in accordance with the terms of the indentures governing the 2010 Notes. The 2010 Notes will be redeemed on February 1, 2005 (the "Redemption Date") at a redemption price of $1,052.50 per $1,000 principal amount of 2010 Notes, plus all interest accrued thereon up to but excluding the Redemption Date. The 2010 Notes will cease to bear interest from and after the Redemption Date. There is $34,279,000 aggregate principal amount of 2010 Notes currently outstanding. Intrawest Corporation (IDR:NYSE; ITW:TSX) is one of the world's leading destination resort and adventure travel companies. Intrawest has interests in 10 mountain resorts in North America's most popular mountain destinations, including Whistler Blackcomb, a host venue for the 2010 Winter Olympic and Paralympic Games. The company owns Canadian Mountain Holidays, the largest heli-skiing operation in the world, and a 67% interest in Abercrombie & Kent, the world leader in luxury adventure travel. The Intrawest network also includes Sandestin Golf and Beach Resort in Florida and Club Intrawest - a private resort club with nine locations throughout North America. Intrawest is developing five additional resort village developments at locations in North America and Europe. Intrawest is headquartered in Vancouver, British Columbia. For more information, visit http://www.intrawest.com/. Statements contained in this release that are not historical facts 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, Intrawest's ability to implement its business strategies, 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. For additional information, please contact Mr. John Currie, chief financial officer, (604) 669-9777; or Mr. Tim McNulty, director, investor relations, (604) 623-6620, If you would like to receive future news releases by email, please contact DATASOURCE: Intrawest Corporation CONTACT: Mr. John Currie, chief financial officer, (604) 669-9777; or Mr. Tim McNulty, director, investor relations, (604) 623-6620, ; To request a free copy of this organization's annual report, please go to http://www.newswire.ca/ and click on reports@cnw.

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