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Press release from PR Newswire

Vail Resorts' Statement on Ruling by the Third Judicial District Court of Summit County, Utah in the Matter Relating to the Park City Mountain Resort Lease

Wednesday, May 21, 2014

Vail Resorts' Statement on Ruling by the Third Judicial District Court of Summit County, Utah in the Matter Relating to the Park City Mountain Resort Lease

15:16 EDT Wednesday, May 21, 2014

BROOMFIELD, Colo., May 21, 2014 /PRNewswire/ -- Vail Resorts, Inc. (NYSE: MTN) announced that the Company is very pleased with the ruling today by the Third Judicial District Court of Summit County, Utah in Talisker's favor on all matters relating to the expiration of the Park City Mountain Resort lease. A copy of the decision is posted in the Investor Relations section of www.vailresorts.com.

About Vail Resorts, Inc. (NYSE: MTN)Vail Resorts, Inc., through its subsidiaries, is the leading mountain resort operator in the United States. The Company's subsidiaries operate the mountain resorts of Vail, Beaver Creek, Breckenridge and Keystone in Colorado; Heavenly, Northstar and Kirkwood in the Lake Tahoe area of California and Nevada; Canyons in Park City, Utah; Afton Alps in Minnesota and Mt. Brighton in Michigan; and the Grand Teton Lodge Company in Jackson Hole, Wyoming. The Company's subsidiary, RockResorts, a luxury resort hotel company, manages casually elegant properties. Vail Resorts Development Company is the real estate planning, development and construction subsidiary of Vail Resorts, Inc. Vail Resorts is a publicly held company traded on the New York Stock Exchange (NYSE: MTN). The Vail Resorts company website is www.vailresorts.com and consumer website is www.snow.com.

SOURCE Vail Resorts, Inc.

For further information: Media Relations:Kelly Ladyga, (303) 404-1862, kladyga@vailresorts.com, Investor Relations: Michael Barkin, (303) 404-1800, investorrelations@vailresorts.com

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