"All of the capital expenditures are focused on improving the guest and the
staff experience," said Bob DuFour, Whistler Blackcomb Director of
Operations. "For example, a lot of our on-mountain improvements, like
regrading trails and increasing our snowmaking capabilities, will allow for
a better early season experience, improve our ability to groom and will
allow for extended ski outs. Each change makes a difference, especially to
our early season."

The list of capital improvements is long, but some of the highlights are as
follows:

* Better early season skiing thanks to increased investment in
Blackcomb Mountain's snowmaking system, including increased size of the
snowmaking reservoir (holding up to 18 million gallons!).

* $225,000 worth of mountain restoration, concentrated in the Jersey
Cream area on Blackcomb Mountain. Restored vegetation will allow for
earlier opening, even with less snow, reduce erosion in the area, and
improve wildlife habitats.

* Improvements to the Highway 86 and Grand Finale Trail intersection
in the Bagel Bowl area on Whistler Mountain. The intersection has been
widened to significantly reduce congestion.

* More parking stalls, including covered parking in the Creekside.
With the new parking structure we now offer a total of 1350 parking stalls
for public parking use plus 100 commercial spaces.

* Expansion to the Chipmunk Terrain Park area on Whistler Mountain
near the Jolly Green Giant intersection, doubling the size of the park.

* The introduction of a new Enchanted Forest play area on Whistler
Mountain between the Pony Trail and Bear Cub. No skiing is allowed in this
secret 'kids only' zone, which includes tunnels and tree forts.

* Even better beginner terrain at Olympic Station. The area has been
regraded to make learning to ski and ride easier.

* Improved entrance to Whistler Bowl, providing easier access to
Whistler Bowl and Shale Slope. This area will be groomed periodically, and
represents North America's steepest grooming.

In the last week, Whistler Blackcomb has received fresh snow on its peaks,
and the excitement is building for the 2003-2004 season. For more
information on upcoming events, new programs, and the weather in Whistler,
please visit www.whistlerblackcomb.com.

Whistler Blackcomb is owned and operated by Intrawest Corporation.
Intrawest Corporation
(IDR:NYSE; ITW:TSX) is the leading developer and operator of
village-centered resorts across North America. The company owns nine
mountain resorts, including Whistler Blackcomb, North America's most popular
mountain resort. Intrawest also owns Sandestin Golf and Beach Resort in
Florida and has a premier vacation ownership business, Club Intrawest. The
company has a 45 per cent interest in Alpine Helicopters Ltd., owner of
Canadian Mountain Holidays, the largest heli-skiing operation in the world.
Intrawest is headquartered in Vancouver, British Columbia and is located on
the World Wide Web at www.intrawest.com

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Contact:
Christopher Nicolson
604.932.8898
cnicolson@intrawest.com