Early Warning Report Regarding Whistler Blackcomb Holdings Inc.

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

VANCOUVER, Nov. 10 /CNW/ - In connection with the acquisition by Whistler Blackcomb Holdings Inc. ("WB Holdings") of a 75% interest in the partnerships that operate the Whistler Blackcomb resort from Intrawest ULC (the "Corporation"), the Corporation announces that it has acquired 12,842,500 common shares of WB Holdings.

Following the acquisition, the Corporation holds 12,842,500 common shares, representing approximately 34% of the issued and outstanding common shares of Whistler Blackcomb.

The common shares of WB Holdings trade on the Toronto Stock Exchange under the symbol "WB". A copy of the related early warning report to be filed with the applicable securities commissions may be obtained from the SEDAR website (www.sedar.com) under the profile for WB Holdings.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The shares have not been and will not be registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

For further information: Intrawest ULC, 710-375 Water Street, Vancouver, British Columbia, Michael Forsayeth, Chief Financial Officer, 604-695-8270