Michael Barkin Appointed Executive Vice President and Chief Financial Officer

Michael Barkin Appointed Executive Vice President and Chief Financial Officer

PR Newswire

BROOMFIELD, Colo., March 11, 2013

BROOMFIELD, Colo., March 11, 2013 /PRNewswire/ --Vail Resorts (NYSE:MTN)
today announced the appointment of Michael Barkin to the role of executive
vice president and chief financial officer of the Company, effective April 8,
2013. Mr. Barkin joined the Company on July 30, 2012 as vice president of
strategy and development. Mr. Barkin will lead the Company's finance and
accounting organization, overseeing financial planning and analysis, financial
reporting, treasury, tax, procurement, internal audit and investor relations.
In addition, he will continue to lead the Company's strategic development
efforts and will have oversight for the Company's real estate division.

"We are pleased to have someone with Michael's broad-based business
experience, analytic acumen and financial skills join the Company's executive
leadership team," said Rob Katz, chairman and chief executive officer of the
Company. "Michael has already had a critical impact on the Company's strategic
development activities and I am confident that under his leadership, we will
continue our strong track record in our financial and accounting efforts."

Prior to joining Vail Resorts, Mr. Barkin was a principal at KRG Capital
Partners, where he was a member of the investment team since 2006. In that
capacity he was responsible for managing new acquisitions and had portfolio
company oversight across multiple sectors. Prior to KRG, he worked at Bain
Capital Partners and Bain & Company. Mr. Barkin holds an economics degree from
Williams College and a master of business administration from the Stanford
Graduate School of Business. Mr. Barkin is a Colorado native and lifelong
skier.

About Vail Resorts, Inc. (NYSE: MTN)
Vail Resorts, Inc., through its subsidiaries, 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, Northstar and Kirkwood in the Lake Tahoe area of California and
Nevada; Afton Alps in Minnesota and Mt. Brighton in Michigan; and the Grand
Teton Lodge Company in Jackson Hole, Wyoming. The Company's subsidiary,
RockResorts, a luxury resort hotel company, manages casually elegant
properties. 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 (NYSE: MTN). The
Vail Resorts company website is www.vailresorts.com and consumer website is
www.snow.com.

SOURCE Vail Resorts, Inc.

Website: http://www.vailresorts.com
Website: http://www.snow.com
Contact: Media Relations, Kelly Ladyga, +1-303-404-1862,
kladyga@vailresorts.com