INTRAWEST POSTPONES PRIVATE OFFERING OF US$150 MILLION OF NOTES

SOURCE: Intrawest Corporation

May 20, 1999
Intrawest Corporation announced today that it has postponed its previously announced private offering of US $150 million of unsecured senior notes due 2009 due to unsettled market conditions.

Intrawest Corporation's shares are traded on the New York Stock Exchange (IDR) and the Toronto and Montreal exchanges (ITW). 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.