WHISTLER BLACKCOMB HOLDINGS INC. FILES FINAL PROSPECTUS FOR $300 MILLION
INITIAL PUBLIC OFFERING AT $12.00 PER COMMON SHARE

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

WHISTLER, BC, Nov. 2 /CNW/ - Whistler Blackcomb Holdings Inc. (the "Corporation") today announced that it has filed a final prospectus for the initial public offering (the "Offering") of 25,000,000 common shares of the Corporation at a price of $12.00 per share. The Offering will generate total gross proceeds to the Corporation of $300 million.  Proceeds of the Offering will be used to facilitate the acquisition of a 75 per cent interest in the partnerships that own the Whistler Blackcomb resort in British Columbia from Intrawest ULC. A copy of the final prospectus will be available on SEDAR (www.sedar.com).

The closing of the Offering is scheduled for November 9, 2010, subject to customary closing conditions. The Toronto Stock Exchange (the "TSX") has conditionally approved the listing of the common shares of the Corporation on closing of the Offering under the symbol "WB," subject to fulfilling the requirements of the TSX.

The Offering is being made through a syndicate of underwriters led by CIBC and RBC Capital Markets and includes Scotia Capital Inc., BMO Capital Markets, TD Securities Inc., Goldman Sachs Canada Inc., Canaccord Genuity Corp., Desjardins Securities Inc., HSBC Securities (Canada) Inc. and Raymond James Ltd.

Following completion of the Offering, Intrawest ULC will hold approximately 34 per cent of the common shares of the Corporation. The underwriters have also been granted an over-allotment option to purchase up to an additional 3,750,000 common shares from Intrawest ULC, which option is exercisable for a period of 30 days. The Corporation will not receive any proceeds from the sale of these additional shares.

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.

About Whistler Blackcomb

Whistler Blackcomb Holdings Inc. was formed in connection with the initial public offering of its shares. Upon consummation of the Offering, it will hold a 75 per cent interest in the partnerships that own the Whistler Blackcomb resort in British Columbia. Whistler Blackcomb, the official alpine skiing venue for the 2010 Olympic and Paralympic 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 and Blackcomb are two side-by-side mountains which combined offer over 200 marked runs, over 8,000 acres of terrain, 14 alpine bowls, three glaciers, receives on average over 1,090 centimetres (430 inches) of snow annually, and 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.  For more information, visit whistlerblackcomb.com..

Cautionary Note Regarding Forward-Looking Statements

This press release may contain forward-looking statements or information, within the meaning of applicable Canadian securities laws, including, but not limited to, the expected closing of the Offering, the anticipated issuance of common shares by the Corporation, the completion of the acquisition of an interest in the Partnerships and other expectations, plans, goals, objectives, assumptions, information or statements about future events or conditions which may prove to be incorrect. 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 because the Corporation can give no assurance that such expectations will prove to be correct. The forward-looking statements are based on the assumption that the Offering will complete in a timely manner, and other estimates and assumptions made by the Corporation in light of its experience and perception of current conditions and expected future developments, and are subject to a number of significant risks and uncertainties that could cause actual results to differ materially from those anticipated. Such risks and uncertainties include, among others, customary closing conditions, general economic, business and market conditions and other risks as are detailed in the Corporation's final prospectus. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated or expected. These forward-looking statements 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 to reflect new events or circumstances, except as required by applicable Canadian securities laws.

For further information:

Tabetha Boot
604-938-7381