Intrawest Corporation announces reclassification on Toronto Stock Exchange sub-index

Company Press Release: Intrawest Corporation
VANCOUVER, Jan. 19 /CNW-PRN/ - Intrawest Corporation

Listed: NYSE TSE

Symbols: IDR (NYSE) ITW (TSE) (common)

ITW1N (preferred)

Intrawest Corporation today announced that The Toronto Stock Exchange has reclassified its common shares from the Real Estate subgroup to the Merchandising/Hospitality subgroup. The change will be effective at the opening of trading on February 18, 2000.

Intrawest is the leading developer and operator of village-centered resorts across North America. The company owns Whistler/Blackcomb, North America's most popular mountain resort. It also owns Panorama in British Columbia, Blue Mountain in Ontario (50%), Tremblant and Mont Ste. Marie in Quebec, Copper in Colorado, Stratton in Vermont, Snowshoe in West Virginia, Mountain Creek in New Jersey, Mammoth in California (59%), and Sandestin, a golf and beach resort in Florida. The company is creating world-class, four-season resort villages at Keystone, Colorado, Solitude, Utah and Squaw Valley near Lake Tahoe, California and has a premier timeshare business. Intrawest has a significant investment in Compagnie des Alpes, the largest ski company in the world in terms of skier visits, and a 45% interest in Alpine Helicopters Ltd., owner of Canadian Mountain Holidays, the largest heli-skiing operation in the world.

Intrawest Corporation's shares are traded on the New York (IDR) and Toronto (ITW) stock exchanges. The company is headquartered in Vancouver, British Columbia.

The statements which are not historical facts contained in this release are forward-looking statements that involve risks and uncertainties. Intrawest's actual results could differ materially from those expressed or implied by such forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, seasonality, weather conditions, competition, general economic conditions, currency fluctuations and other risks detailed in the company's filings with the U.S. Securities and Exchange Commission.

For additional information, contact Mr. Daniel Jarvis, executive vice president and chief financial officer, at (604) 669-9777.

To request a free copy of this organization's annual report, please go to www.newswire.ca and click on reports@cnw

SOURCE: Intrawest Corporation