Intrawest Announces Organizational Changes

VANCOUVER, Intrawest Corporation, one of the world's leading destination resort and adventure-travel companies, announced today that Gary Raymond, the head of Intrawest Placemaking, will be resigning from the company later this year to pursue other business interests. Drew Stotesbury, chief financial officer of Intrawest Placemaking, will assume the role of interim head of the division reporting directly to Joe Houssian, chairman, president and chief executive officer of Intrawest.

"Gary embodies what Intrawest is today and he represents one of the cornerstones on which this company has been built," said Joe Houssian. "He has played a significant role in building Intrawest into one of the world's leading resort development companies, and has created a strong foundation of people and assets from which we will continue to prosper. On behalf of all of us at Intrawest, I would like to wish Gary all the best in his future endeavors."

Intrawest also announced today that Michael Hannan, former executive vice president of strategic and corporate development, has been appointed president of Abercrombie & Kent (A&K) with responsibility for world-wide operations. Mr. Hannan will report to Geoffrey Kent, chairman and chief executive officer, and will remain at Intrawest's corporate offices in Vancouver, BC. A&K also announced today that Joss Kent has rejoined the company as chief operating officer after a three year absence. In addition, Brad Miller, former vice president sales and marketing of Royal Caribbean Cruises is joining A&K as executive vice president and chief development officer with a focus on expanding the river and expedition cruise business.

Intrawest Corporation (IDR:NYSE; ITW:TSX) is a world leader in destination resorts and adventure travel. The company has interests in 10 resorts at North America's most popular mountain destinations, including Whistler Blackcomb, a host venue for the 2010 Winter Olympic and Paralympic Games. Intrawest owns Canadian Mountain Holidays, the largest heli-skiing operation in the world, and an 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 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 .

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.