PARK CITY MOUNTAIN RESORT ANNOUNCES NEW LIFT AND $10.5 MILLION IN IMPROVEMENTS FOR THE 2008-09 WINTER SEASON Park City, Utah (April 16, 2008) – Park City Mountain Resort today announced $10.5 million in improvements for the 2008-09 winter season including a new high-speed chair lift, terrain enhancements and renovation of the Mid-Mountain Lodge. “Our goal is to have more of our guests explore the diverse terrain that our mountain has to offer,” said Peter Curtis, president and general manager of Park City Mountain Resort. “We’ve accomplished this with our groomed Signature Runs, Mountainzone trail maps, personal mountain planner and terrain enhancements, which began with Motherlode Meadows. The $10.5 million in improvements takes us one step further to providing the best downhill experience for our guests.” Park City Mountain Resort’s new high-speed quad chair lift, Crescent lift, replacing and realigning the existing Ski Team lift, will begin near the base of the Resort and extend to Crescent Ridge (also known as Ski Team Ridge). The new chair lift will significantly increase accessibility out of the base area as well as to the front-side runs, which are some of the Resort’s best advanced terrain. The new lift takes guests almost twice as far as the Ski Team lift and in less time. In addition, the new lift will provide access to a majority of the Resort and direct access to lifts including Silverlode, Bonanza, King Con, PayDay, Town, Pioneer and McConkey’s. To complement the new lift, the Resort is making terrain enhancements to improve the skiing/riding experience on the mountain including a new run and expanded snowmaking. In addition, Park City Mountain Resort will assume operations for Mid-Mountain Lodge in the 2008-09 season. The Resort will renovate the Mid-Mountain Lodge to further develop on-mountain dining. Finally, as part of its environmental commitment, Park City Mountain Resort is offsetting 100 percent of its power consumption from renewable energy sources beginning in June 2008. This purchase of 13.9 million kWh of renewable energy credits (RECs) will avoid nearly 19 million pounds of CO2 emissions annually, which is equal to removing 1,853 passenger vehicles from the road or powering 1,100 average American homes for a year. For more information, visit http://www.saveoursnow.net. About Park City Mountain ResortPark City Mountain Resort, celebrating its 45th anniversary, is located in the heart of Park City, Utah and is only 40 minutes from the Salt Lake City International Airport. The Resort is spread out over 3,300 acres and offers groomed Signature Runs™, bumps, powder, trees, eight peaks, nine bowls, four terrain parks, and the Eagle Superpipe, North America’s largest superpipe. The Resort has received numerous accolades, most recently being named a top-ten Resort by the readers of SKI and Skiing magazines as well as earning the title “Terrain Park(s) of the Year” by Transworld Snowboarding magazine for the fourth year in a row. Park City Mountain Resort is committed to being the leader in environmental sustainability in Utah. For more information, visit parkcitymountain.com or call (800) 222-PARK.