Intrawest Announces New Executive Appointments

    Bill Jensen Assumes the Position as Intrawest's New Chief Executive
    Officer; Brian Collins Appointed as the New President of Intrawest

    VANCOUVER, June 3 /CNW/ - Intrawest ULC, a world leader in the
development and management of experiential destination resorts, today
announced the appointment of two seasoned industry veterans to Intrawest's
executive committee. The new executive appointments are both effective
immediately and will bolster Intrawest's senior leadership team to ensure the
Company is successful in the next phase of its growth strategy.
    As previously announced in January 2008, William (Bill) Jensen has been
appointed to the position of Chief Executive Officer at Intrawest. Jensen
brings 35 years of ski industry experience and a demonstrated track record of
successfully growing mountain resort operations throughout North America.
Jensen joins the Company from Vail Resorts, where he held the position of
President of Vail Resorts' Mountain Division and Chief Operating Officer of
Vail Mountain. Prior to joining Vail, Jensen served as the President of
Fibreboard Resort Group where he oversaw the management of three ski resorts
in California (Northstar at Tahoe, Sierra at Tahoe, and Bear Mountain) from
1991 to 1997.
    In a simultaneous announcement, the Company has also appointed Brian
Collins to the position of President at Intrawest. Collins will report
directly to Bill Jensen and will initially be responsible for all of
Intrawest's global real estate operations including Intrawest Placemaking, the
Company's real estate planning and development division, and Playground, the
Company's real estate marketing and sales services division.
    Collins will work directly with the President and Chief Operating Officer
at each of Intrawest's destination resorts to develop the resort's master
plan. Over time it is expected that Collins' responsibilities will increase as
he becomes involved in other areas of the Company.
    Collins brings more than 24 years of experience as a developer of luxury
condominiums and hotels and also as a Certified Public Accountant. He was most
recently the Principal and Founder of Colgate Development LLC and before this
he was a Principal and Chief Operating Officer at Millennium Partners where he
led the development, design, sales and marketing of numerous marquee projects.
In addition, Collins was Senior Vice President at Carol Management/Doral
Hotels and he was also responsible for more than $1 billion of real estate
assets during his tenure at three real estate investment banking firms.
    "Intrawest is a high growth, customer-focused organization with a dynamic
culture, leading market share and tremendous momentum," said Wes Edens, chief
executive officer at Fortress Investment Group LLC. "Now is the time for the
next phase of growth and we are delighted to have two world-class executives
of the caliber of Bill Jensen and Brian Collins to lead the Company into the
future. Together, their industry knowledge, experience and vision will be
invaluable assets as we continue to create a world-class organization that
will benefit our customers, homeowners, employees and shareholders."
    Bill Jensen will succeed Alex Wasilov, a former director of the board,
who has served as CEO over the last two years and will return to serve as a
member of the Intrawest Board of Directors to focus on long term vision and
strategy for the Company. Wasilov's transition will be effective on June 30,
    "We have made tremendous progress over the last two years and we are
extremely grateful for the effort and leadership of Alex and the entire senior
leadership team at Intrawest. We welcome Alex back to the Board of Directors
and we look forward to working together as we embark on a new era of growth
and expansion for Intrawest," continued Edens.

    About Intrawest ULC

    Intrawest is a world leader in experiential destination resorts. The
company has interests in ten resorts at North America's most popular mountain
destinations including Whistler Blackcomb, a host venue for the 2010 Winter
Olympic and Paralympic Games. The Intrawest network also includes Canadian
Mountain Holidays, the largest heli-skiing operation in the world, Sandestin
Golf and Beach Resort in Florida and Club Intrawest - a private resort club
with locations throughout North America. In addition, Intrawest develops real
estate at its resorts and at other locations across North America and in
Europe. Intrawest is headquartered in Vancouver, British Columbia. For more
information, visit

For further information:

For further information: Ian Galbraith, Director, Corporate
Communications and Media Relations, at (604) 643-1586 or at

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