Vail Resorts Announces Sponsorship of World Champion American Skier Lindsey Vonn...

Vail Resorts Announces Sponsorship of World Champion American Skier Lindsey
Vonn as She Makes Her 'Epic' Run to the 2010 Olympic Winter Games
Vonn and her husband will make Vail their home, initially living at the
Arrabelle at Vail Square, A RockResort

VAIL, Colo., Aug. 17 /PRNewswire-FirstCall/ -- Vail Resorts, Inc. (NYSE: MTN)
announced today a four-year sponsorship agreement with World Champion American
skier Lindsey Vonn. Vonn, a two-time World Cup Overall champion, is preparing
for her quest to win an "epic" five gold medals at the 2010 Olympic Winter
Games.

"It would be hard to imagine any individual who better personifies the ideals
of Vail Resorts, than Lindsey Vonn. Lindsey's enthusiasm for skiing, her
dedication and hard work, and her achievements both on the snow and off make
her a role model for all of us, but especially for every kid participating in
our sport," said Rob Katz, chief executive officer and chairman of the board
of Vail Resorts. "Lindsey is truly a hometown girl made good and we could not
be prouder to continue to be by her side on her epic quest to achieve five
gold medals in Vancouver."

Vail Mountain has supported Vonn throughout her career and under the new
partnership, Vonn will represent all of the Company's five world-class
resorts-Vail, Beaver Creek, Breckenridge, Keystone and Heavenly and the Epic
Season Pass. Vonn will appear at select consumer events and ski shows in the
U.S. and Europe this fall, prior to the start of the season, to generate
excitement for skiing and snowboarding, the upcoming Olympic Games and promote
the popular Epic Season Pass, which offers unlimited, unrestricted skiing and
snowboarding at all five Vail Resorts' mountains and Arapahoe Basin in
Colorado for $599.

"Skiing is truly my life and my passion and I am always striving to achieve
excellence in everything I do on the snow. I could not be more proud to
partner with Vail Resorts because they share the same values as I do. Everyone
there is as passionate about the mountains as I am, and each of their five ski
resorts truly defines the best that skiing and snowboarding has to offer,"
said Vonn. "Vail Mountain has always been my favorite ski resort. It's where I
grew up and learned to race. My husband Thomas and I are truly thrilled to be
coming back to Vail and making it our home."

At just 24, Vonn's career thus far can only be described as "epic". Considered
the most successful ski racer--male or female--in American history, Vonn is
truly unique in being one of only a handful of racers who compete in five
disciplines: Downhill, Super G, Giant Slalom, Slalom and Super Combined. Vonn
is the only American woman to have won two World Cup Overall titles, which she
achieved consecutively in the 2008 and 2009 winter seasons. She has made the
World Cup podium 47 times, the most of any U.S. female, including 22
victories. In the 2009 winter season, she achieved a record nine World Cup
wins in a single season. She holds the World Cup Overall and Downhill titles
(2008 and 2009), the World Cup Super G title (2009) and four World
Championships medals: Gold in Downhill and Super G (2009) and silver in
Downhill and Super G (2007).

Vonn competed in both the 2002 and 2006 Olympic Winter Games. At the 2006
Winter Games in Torino, Italy, she overcame a horrendous crash in a training
run prior to the Downhill event, but went on to compete while injured,
finishing in eighth place in the Downhill and seventh in the Super G. Vonn's
courageous performance earned her the U.S. Olympic Committee's "Olympic
Spirit" award.

While she was born in Burnsville, Minn. in 1984, Vonn considers Vail her
"hometown" as she and her family commuted to Vail for training for several
years before finally moving there permanently in the late 90s to further her
racing career. Lindsey spent her formative years on Vail Mountain, honing her
racing skills in all alpine disciplines with the Ski & Snowboard Club of Vail,
then went on to achieve success in major U.S. and international events such as
the Junior Olympics, Junior Worlds, NorAms and Europa Cup before entering the
International Ski Federation (FIS) World Cup circuit.

When she's not rigorously training or garnering medals, Vonn makes a beeline
for Vail's legendary Back Bowls to free ski and in the off season enjoys
playing tennis (she is an enthusiastic fan of Roger Federer) and cycling. She
and former teammate/Olympian Thomas Vonn married in September 2007. When
they're not traveling on the road, the Vonns will be making their home at the
Arrabelle at Vail Square, A RockResort in Vail, Colo.

About Vail Resorts
Vail Resorts, Inc., through its subsidiaries, is the leading mountain resort
operator in the United States. The Company's subsidiaries operate the mountain
resort properties of Vail, Beaver Creek, Breckenridge and Keystone mountain
resorts in Colorado, the Heavenly Ski Resort in the Lake Tahoe area of
California and Nevada, and the Grand Teton Lodge Company in Jackson Hole, Wyo.
The Company's subsidiary, RockResorts, a luxury resort hotel company, manages
casually elegant properties across the United States and the Caribbean. 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.

Kelly Ladyga, +1-303-404-1862, kladyga@vailresorts.com, or Liz Biebl,
+1-970-754-3001, ebiebl@vailresorts.com, both of Vail Resorts, Inc.