Vail Resorts to provide free lift tickets to 
                          guests who purchase wind power for their family's 
                          homes
                          DENVER, Aug. 1 /PRNewswire-FirstCall/ -- Vail 
                          Resorts Inc. announced today that the Company will 
                          offset 100 percent of its energy use by purchasing 
                          nearly 152,000 megawatt-hours of wind energy for its 
                          five mountain resorts, its lodging properties 
                          including RockResorts and Grand Teton Lodge Company, 
                          all of its 125 retail locations (operated through 
                          Specialty Sports Venture) and its new corporate 
                          headquarters in Broomfield, Colo. By purchasing 
                          renewable energy credits equal to the Company's entire 
                          electricity use, Vail Resorts becomes the second 
                          largest purchaser of wind power of all corporations in 
                          the United States.
                          Vail Resorts announced this initiative as part of 
                          the Company's ongoing environmental efforts. Vail 
                          Resorts' commitment to clean and renewable wind power 
                          will avoid over 211 million pounds of carbon dioxide 
                          emissions every year, which is equivalent to taking 
                          18,000 cars off the road or planting over 27,000 acres 
                          of trees, according to the Environmental Protection 
                          Agency.
                          "Our core mission is to provide extraordinary 
                          vacation experiences in spectacular mountain 
                          settings," said Rob Katz, chief executive officer of 
                          Vail Resorts. "By embracing wind power as a clean and 
                          renewable source for 100 percent of our company-wide 
                          electricity use, we want to reinforce our commitment 
                          to the natural environment in which we operate and be 
                          a leader on this critical effort within the travel 
                          industry."
                          Vail Resorts is also asking its employees and 
                          guests to join in the Company's renewable energy 
                          efforts by launching a Ski With the Wind promotion. 
                          Under this new promotion, Vail Resorts is offering a 
                          free one-day ski lift ticket, valid at any of its five 
                          mountain resorts, to anyone who purchases wind power 
                          for their family's residence for one year with 
                          Renewable Choice Energy. The Company also announced 
                          that each of its executives has personally signed up 
                          to purchase wind power for their homes. More details 
                          about the Ski With the Wind promotion, including 
                          applicable restrictions, and Vail Resorts' wind power 
                          purchase program can be found at www.snow.com.
                          Vail Resorts will work with Boulder, Colorado-based 
                          Renewable Choice Energy as their wind power provider. 
                          Renewable Choice Energy is a leading national provider 
                          building the market for clean and renewable sources of 
                          energy.
                          Since it is physically impossible to deliver 
                          electricity straight from a wind farm to Vail Resorts, 
                          renewable energy credits make purchasing wind power 
                          possible. Wind energy credits ensure that the amount 
                          of electricity Vail Resorts uses is replaced onto the 
                          power grid with wind power. Wind farms sell renewable 
                          energy credits to better compete with fossil fuels, 
                          allowing consumers to choose clean sources of 
                          electricity. Vail Resorts' purchase is significantly 
                          contributing to the growth of wind power across the 
                          United States.
                          "Renewable Choice Energy is proud to be working 
                          with an environmental leader like Vail Resorts to make 
                          this landmark wind power purchase possible," said 
                          Quayle Hodek, Renewable Choice Energy chief executive 
                          officer.
                          "Vail Resorts' commitment is the second largest 
                          corporate purchase of wind power in the country," said 
                          Matt Clouse, program director of EPA's Green Power 
                          Partnership. "EPA applauds Vail Resorts for their 
                          environmental leadership with this green power 
                          purchase. We hope their commitment will encourage 
                          others in the travel and hospitality industry to also 
                          embrace clean, renewable sources of energy that 
                          further reduce the risks associated with climate 
                          change."
                          Vail Resorts' long-standing dedication to 
                          environmental stewardship includes initiatives in 
                          energy and water conservation, water quality 
                          management, waste reduction and recycling, air and 
                          visual quality, wildlife habitat management, and 
                          education and outreach.
                          About Vail Resorts
                          Vail Resorts, Inc. is the leading mountain resort 
                          operator in the United States. The Company's 
                          subsidiaries operate the mountain resorts of Vail, 
                          Beaver Creek, Breckenridge and Keystone in Colorado, 
                          Heavenly in California and Nevada, and the Grand Teton 
                          Lodge Company in Jackson Hole, Wyo. The Company's 
                          subsidiary, RockResorts, a luxury resort hotel 
                          company, manages casually elegant properties across 
                          the United States. Vail Resorts Development Company is 
                          the real estate planning, development and construction 
                          subsidiary of Vail Resorts, Inc. Vail Resorts is a 
                          publicly held company traded on the New York Stock 
                          Exchange . The Vail Resorts company website is 
                          www.vailresorts.com and consumer website is 
                          www.snow.com.
                          About Renewable Choice Energy
                          Based in Boulder, Colo., Renewable Choice Energy 
                          (www.renewablechoice.com) is a leading national 
                          provider and marketer of wind power. Renewable Choice 
                          plays an integral role in connecting wind power 
                          producers with the wind power consumer. Renewable 
                          Choice Energy is certified to sell wind energy credits 
                          anywhere in the United States and has a diverse 
                          customer base that includes Fortune 500 companies, 
                          retailers, manufacturers, cities, universities and 
                          residential consumers. As a pioneer in wind power 
                          marketing, Renewable Choice Energy has helped develop 
                          many industry standards and best practices, and is the 
                          leading supplier to LEED certified green building 
                          projects. Renewable Choice Energy does not just serve 
                          existing demand for wind power, but actively grows the 
                          potential market for wind power with innovative 
                          marketing strategies.
                          About the U.S. EPA Green Power Partnership
                          The Green Power Partnership (www.epa.gov/greenpower) 
                          is an EPA voluntary program working to standardize 
                          green power procurement as part of best practice 
                          environmental management. Partners in the program 
                          purchase green power for a specified minimum portion 
                          of their electricity needs in return for EPA technical 
                          assistance and public recognition. The Green Power 
                          Partnership has more than 600 Partners including 
                          Fortune 500 companies, government agencies, trade 
                          associations and universities -- collectively 
                          purchasing over 4 billion kilowatt hours of green 
                          power annually.
                          CONTACT: Media Relations, Kelly Ladyga, 
                          +1-303-404-1862,
                          
                          kladyga@vailresorts.com , or Investor Relations, 
                          Jeff Jones, CFO, +1-303-404-1802,
                          
                          jwjones@vailresorts.com , both of Vail Resorts, 
                          Inc. 
                          Web site: 
                          http://www.epa.gov/greenpower/ 
                          
                          http://www.renewablechoice.com/ 
                          
                          http://www.vailresorts.com/ 
                          http://www.snow.com// 
                          
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