Whistler Blackcomb announces major $18 million capital expansion for 2013.2014

Whistler Blackcomb announces major $18 million capital expansion for 2013.2014

PR Newswire

WHISTLER, BC, Jan. 18, 2013

Lift Expansion Includes New Whistler Mountain Harmony High-Speed Six-Pack
Chairlift And New High-Speed Quad Chairlift In Blackcomb Mountain's Crystal
Zone

WHISTLER, BC, Jan. 18, 2013 /PRNewswire/ - Whistler Blackcomb Holdings Inc.
announced today that Whistler Blackcomb has unveiled plans for a major lift
expansion. Whistler Mountain's Harmony high-speed, quad chairlift will be
replaced with a new Doppelmayr high-speed, detachable, six-pack chairlift
capable of transporting six people on each chair. Blackcomb Mountain will see
a lift enhancement with a high-speed quad chairlift going into a new area in
the Crystal Zone, currently accessed by a fixed-grip triple chair.

"This lift expansion clearly demonstrates our commitment to continuously
enhancing the skiing and riding experience on both mountains," says Dave
Brownlie, President and Chief Executive Officer of Whistler Blackcomb Holdings
Inc. "This project will increase lift capacity in some of the most desired
terrain on the mountains by 56% and we expect it will contribute to the growth
of our business."

The new high-speed quad chairlift in the Crystal Zone will be 1,708 metres
(5,604ft) in length, with a vertical rise of 535 metres (1,755ft). Skier
carrying capacity will increase by 65% over the current lift to 2,400 skiers
per hour. The new quad will deliver skiers and riders to the same location as
the current triple chair next to the Crystal Hut. However, the aspect of the
new lift line is dramatically different, and will originate 158 metres (518ft)
lower than the old Crystal lift. The bottom elevation will be 1,292 metres
(4,239ft) and the top elevation of the lift will be 1,827 metres (5,994ft).

This bottom terminal location along the Blackcomb Glacier Road ski-out
eliminates the need to utilize the Excelerator Chair to access many Crystal
Zone trails including Ridge Runner, Rock 'N' Roll, and gladed trails like
Outer Limits. It will also be even quicker to return to the Glacier Express
chair to access Horstman Glacier and Blackcomb Glacier. The increased length
of the chair's line will give skiers and riders the opportunity to enjoy the
entire Crystal Zone - from undulating cruisers to gladed zones riddled with
natural terrain features and snow-caked trees straight out of a Dr. Seuss
book. The name of this exciting new quad chairlift will be determined through
a competition to be announced by Whistler Blackcomb later this winter.

The Harmony Six high-speed chairlift will replace one of Whistler Blackcomb's
most popular lifts and will dramatically improve the uphill capacity by 50 per
cent; going from 2,400 skiers per hour to 3,600. The Harmony Six will service
terrain spanning from the edge of the Symphony Amphitheatre all the way over
to Glacier Bowl, adjacent to the Peak Express. This area, known as the Harmony
Zone, makes up over 485 hectares (1,200 acres) of Whistler Blackcomb's 3,306
hectares (8,171 acres) of total terrain. With a wide variety of beginner to
expert terrain options, the Harmony Six will ensure skiers and riders are able
to spend more time on the mountain exploring the spectacular, powder-covered
alpine for which Whistler Blackcomb is celebrated.

The Harmony Six has the same alignment as the current Harmony quad, spanning
1,729 metres (5,672ft) in length, with a vertical rise of 525 metres
(1,722ft). The top elevation of the lift is 2,107 metres (6,912ft); the bottom
elevation is 1,582 metres (5,190ft).

Construction on the lifts will begin this spring and will continue through the
summer and fall with an expected opening at the beginning of the 2013.2014
winter season. For more information, please review the FY13 Lift Expansion
Backgrounder in the Presentations section of the investor relations website:
www.whistlerblackcombholdings.com.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements or information, within
the meaning of applicable Canadian securities laws, including, but not limited
to, statements with respect to the timing of the completion of the project and
expected growth of the Corporation's business, which may prove to be
incorrect.

The forward-looking statements and information contained in this press release
are based on certain factors and assumptions made by management of the
Corporation including, but not limited to: assurances from suppliers, previous
lift installations and there being no unforeseen obstructions to the
construction of the project.

The forward-looking statements and information contained in this press release
are subject to a number of risks and uncertainties that could cause actual
results to differ materially from those anticipated including, but not limited
to, risks relating to unfavourable weather conditions, availability of
capital, supply and installation of equipment, environmental laws and
regulations, the impact of any occurring natural disasters and economic,
business and market conditions. A more detailed description of these risks is
available in the Corporation's annual information form dated December 12,
2012, which is available on the Corporation's website and on SEDAR at
www.sedar.com.

Should one or more of these risks or uncertainties materialize, or should
assumptions underlying the forward-looking statements or information prove
incorrect, actual results may vary materially from those described herein.
Although the Corporation believes that the expectations reflected in such
forward-looking statements and information are reasonable, undue reliance
should not be placed on forward-looking statements or information because the
Corporation can give no assurance that such expectations will prove to be
correct.

These forward-looking statements and information are made as of the date of
this press release, and the Corporation has no intention and assumes no
obligation to update or revise any forward-looking statements or information
to reflect new events or circumstances, except as required by applicable
Canadian securities laws.

ABOUT WHISTLER BLACKCOMB HOLDINGS INC.

Whistler Blackcomb Holdings Inc. owns a 75% interest in each of Whistler
Mountain Resort Limited Partnership and Blackcomb Skiing Enterprises Limited
Partnership, which, together, carry on the four season mountain resort
business located in the Resort Municipality of Whistler, British Columbia.
Whistler Blackcomb, the official alpine skiing venue for the Olympic Winter
Games, is situated in the Resort Municipality of Whistler located in the Coast
Mountains of British Columbia 125 kilometres (78 miles) from Vancouver,
British Columbia. North America's premier four-season mountain resort,
Whistler Mountain and Blackcomb Mountain are two side-by-side mountains,
connected by the world record-breaking PEAK 2 PEAK Gondola, which combined
offer over 200 marked runs, over 8,000 acres of terrain, 14 alpine bowls,
three glaciers, receive on average over 1,192 centimetres (469 inches) of snow
annually, and offer one of the longest ski seasons in North America. In the
summer, Whistler Blackcomb offers a variety of activities, including hiking
and biking trails, the Whistler Mountain Bike Park, and sightseeing on the
PEAK 2 PEAK Gondola. Whistler Blackcomb Holdings Inc. is listed on the Toronto
Stock Exchange under the symbol "WB". For more information, visit
www.whistlerblackcombholdings.com.

SOURCE Whistler Blackcomb

Contact:

Jeremy Roche
Senior Manager, Investor Relations
Whistler Blackcomb Holdings Inc.
jroche@whistlerblackcomb.com
Ph: 604-938-7376