Advance Reservations Being Accepted For One-Day Sales Event In June 2004

Lake Las Vegas, Nev. (March 1, 2004) – With more than 95 percent of Viera - 177 recently completed resort condominiums in the core of MonteLago Village - already sold, Intrawest Corporation (IDR:NYSE; ITW:TSE) has announced the real estate launch for Luna di Lusso at MonteLago Village, Lake Las Vegas.  85 studio, one-, and two-bedroom resort condominiums are priced from under US$300,000 and will be offered for sale in June 2004. Luna di Lusso represents a limited opportunity to own property at a resort that has been honored internationally as one of the “10 significant new projects that will define urban life in the 21st century” at the Architecture and Design Exhibition held in Glasgow, Scotland.

Luna di Lusso, Italian for “Moon of Luxury,” is on Lake Las Vegas and in MonteLago Village, just over the resort’s signature Pontevecchio Bridge. It will be Intrawest’s next resort-condominium offering that combines full-ownership real estate with contemporary interiors where form meets function.  Each property is fully furnished and turnkey, ready for occupancy upon completion.  As one of the many optional services available to owners, ownership may include the opportunity to place your home in a rental arrangement. 

The interiors at Luna di Lusso will speak to the contemporary expression of the architecture.  Colors will be saturated; materials rich in texture, and furniture pieces edgy with clean, sharp lines.  Bathrooms include spacious soaker tubs and custom millwork around the vanities that become a signature element of the design.  Kitchens in the studio and one-bedroom condominiums will feature a ‘euro’ flavor that incorporates the appliances - bar refrigerator with ice maker (for martinis), bar sink, and a double burner stove - into a custom millwork cabinet made to complement the overall contemporary feel.   

Luna’s location represents a relaxing retreat, yet is also an ideal location from which to enjoy the host of activities offered at Lake Las Vegas and MonteLago Village.

Inspired by Italy’s famed Lake Como, Lake Las Vegas is built around a 320-acre lake and surrounded by desert mountains. The 2,600-acre resort features a Mediterranean theme throughout and is master planned to offer residential housing, world-class resort hotels, a collection of three signature golf courses, casinos, shopping and pampering spas.  Lake Las Vegas is located just 17 miles from The Strip near Henderson, NV.

Homeowners will have access to championship golf by noted course designers such as Jack Nicklaus and Tom Weiskopf. Beyond golf, owners can explore the lake via sailboat, kayak, yacht or authentic Venetian gondola. Or, take to the air by helicopter and fly to the Grand Canyon for sightseeing and breakfast. Additionally, two world-class spas are located at Lake Las Vegas and offer a full menu of services. 

At the epicenter of Lake Las Vegas is MonteLago Village, a location unto itself with a town square, Pontevecchio-style landmark bridge, winding cobblestone walkways and waterfront promenades.  Here, the Village’s open-air cafes, intimate gourmet restaurants, elegant upscale boutiques and a European-inspired casino are a differentiating characteristic not found with many other real estate opportunities. 

Advance reservations are now being accepted for the Luna di Lusso condominiums that will be offered at a one-day sales event in June. For more information about Luna Di Lusso, visit www.lunadilusso.com or contact Director of Sales Robert Styan at 866-752-9558 or bstyan@playground.com.  Additional information on MonteLago Village can be found at www.montelagovillage.com.

About Intrawest
Intrawest Corporation (IDR:NYSE; ITW:TSX) is the world’s leading developer and operator of village-centered resorts. The company owns or controls 10 mountain resorts, including Whistler Blackcomb, North America’s most popular mountain resort. Intrawest also owns Sandestin Golf and Beach Resort in Florida and has a premier vacation ownership business, Club Intrawest. The Company is developing additional resort villages at six resorts in North America and Europe.  The Company has a 45 per cent interest in Alpine Helicopters Ltd., owner of Canadian Mountain Holidays, the largest heli-skiing operation in the world. Intrawest is headquartered in Vancouver, British Columbia and is located on the World Wide Web at www.intrawest.com.