FOR IMMEDIATE RELEASE

Epic Australia Pass Lowest Price Guaranteed Until Monday, 31 August

• Unlimited Skiing and snowboarding at Perisher for the 2016 ski season PLUS access at the best resorts in the U.S. during the 2016-2017 ski season, including Vail, Beaver Creek, Breckenridge and Park City
• Deadline for best price is midnight Monday 31 August, 2015
• Buy now  to get the lowest priced Perisher season pass available with a $49 deposit, at www.perisher.com.au
• Epic Australia Pass pays for itself in just 6 days
• The Epic Australia Pass has replaced Perisher’s Freedom Pass

PERISHER, NSW, Australia – Aug. 25, 2015 – 30cm of snow has fallen overnight across the Perisher Ski Resort and this coming Monday, 31 August, marks the deadline for the lowest price on the Epic Australia Pass. The Epic Australia Pass replaces Perisher’s popular Freedom Pass and offers guests unmatched access to unlimited, unrestricted skiing and boarding at Perisher for the 2016 ski season, plus access for the 2016-17 ski season to nine world-class ski resorts in the U.S. Available for just AU$749 for adults, AU$429 for students and AU$499 for seniors, the pass pays for itself in just 6 days. Pass holders gain access to over 35,000 acres, at Perisher; Vail, Beaver Creek, Breckenridge, Keystone and Arapahoe Basin in Colorado; Park City in Utah; Heavenly, Northstar and Kirkwood in the Lake Tahoe region of California and Nevada. The Epic Australia Pass offers a value unmatched in the ski industry.

"The Epic Australia Pass offers unparalleled access to the best skiing and boarding in Australia and the U.S.,” said Kirsten Lynch, chief marketing officer of Vail Resorts.

For those looking to visit the Best of the U.S. during the coming 2015-2016 northern ski season, Vail Resorts’ Epic Pass allows guests to ski as much as they want, whenever they want, at 11 resorts in the U.S., as well as Perisher during the 2016 ski season. The lowest guaranteed price of the Epic Pass is US$769, only through Monday, 7 September, 2015.

Vail Resorts 2015-16 Upgrades

Epic Australia pass holders can look forward to US$50-million in new improvements connecting Park City and Canyons to create 7,300 skiable acres of terrain; the project is one of the most ambitious and impactful capital programs in U.S. ski industry history and will be ready for the 2015-16 winter ski season. The plan includes the eight-passenger two-way high-speed Quicksilver gondola with mid-station and new trails, upgraded King Con and Motherload Lifts, new Miner’s Camp Restaurant, snowmaking upgrades and restaurant renovations.

Vail Resorts will also invest approximately US$10-15 million morein other resort improvements to elevate the guest experience, bringing its five-year resort investment total to more than US$515 million. Improvements will include upgrading Vail Mountain's Avanti Express Lift (#2) to a six-passenger high-speed chairlift, expanding the "refreshing" snowmaking system at Beaver Creek, adding new snowmaking on the recently opened Peak 6 terrain at Breckenridge and rejuvenating the Keystone Lodge. More information on upgrades can be found at http://news.vailresorts.com.

Vail Resorts Season Pass information:

• Epic Australia Pass: 12 months access to Perisher + the Best of the U.S. from June 2016 through June 2017. Skiing and snowboarding at Perisher plus Vail, Beaver Creek, Breckenridge, Keystone and Arapahoe Basin in Colorado; Park City in Utah; Heavenly, Northstar and Kirkwood in the Lake Tahoe region of California and Nevada. At AU$749 for adults, AU$429 for students and AU$499 for seniors, the Epic Australia Pass allows guests to ski and board Perisher as much as they want, all season long, and get unlimited skiing and riding at Breckenridge, Keystone and Arapahoe Basin in Colorado; Park City in Utah; and Heavenly, Northstar and Kirkwood in the Lake Tahoe region of California and Nevada. It also includes 10 days at Vail and/or Beaver Creek, combined. Resort access will be subject to certain holiday restrictions. Epic Australia Pass privileges also include F&B discounts at Perisher and Accommodation discounts at The Station, free access to Perisher night skiing, night park, and First Tracks, and automatic enrolment in the Epic Pass Club offering exclusive deals and events at Vail Resorts’ U.S. resorts. The 2016 Epic Australia Pass on sale now is valid in the 2016 Perisher Ski Season and the 2016-2017 U.S. Ski Season. Visit www.perisher.com.au/epicaustraliapass for more information and to purchase before the price rise on 31 August!

• Epic Pass™:12 months access to the Best of the U.S. + Perisher from October 2015 through October 2017. Ski as much as you want, whenever you want for US$769. The Epic Pass pays for itself in less than five days of skiing or riding. With more than 32,000 acres of skiing and snowboarding terrain, this pass can’t be beat. Unlimited, unrestricted access to Vail, Beaver Creek, Breckenridge, Keystone and Arapahoe Basin in Colorado, Park City in Utah, Heavenly, Northstar and Kirkwood at Lake Tahoe, Perisher in Australia for the 2016 season, Afton Alps in Minnesota, Mt. Brighton in Michigan, and up to five free consecutive days when staying at in-resort accommodations at Verbier, Switzerland. No blackout dates. A child pass is US$399. Visit www.perisher.com.au/whatisepic for more information and to purchase before the price rise on 7 September!

Pass Refund Protection

Vail Resorts encourages guests to purchase pass insurance. All of the Company's season pass products are non-refundable and non-transferable; however, pass protection covers pass holders in the event of unexpected circumstances. Pass Refund Protection starts at just $39 for adults, $19 for students and $25 for seniors.

Direct Flights to Nearby Airports in the U.S.

Access to Epic resorts is easy with direct access to Denver International Airport (DEN), Eagle County Airport (EGE), approximately 25 minutes west of Beaver Creek and Vail; Reno-Tahoe International Airport (RNO), approximately 1 hour northeast of Lake Tahoe, and Salt Lake City International Airport (SLC), approximately 35 minutes from Park City. 

For more formation on the Epic Australia Pass and all of its benefits, please visit www.perisher.com.au. Buy now to beat the price rise!  

About Vail Resorts, Inc. (NYSE: MTN)

Vail Resorts, Inc., through its subsidiaries, is the leading global mountain resort operator. The Company’s subsidiaries operate nine world-class mountain resorts and two urban ski areas, including Vail, Beaver Creek, Breckenridge and Keystone in Colorado; Park City in Utah; Heavenly, Northstar and Kirkwood in the Lake Tahoe area of California and Nevada; Perisher, Australia; Afton Alps in Minnesota and Mt. Brighton in Michigan. The Company owns and/or manages a collection of casually elegant hotels under the RockResorts brand, as well as the Grand Teton Lodge Company in Jackson Hole, Wyo. Vail Resorts Development Company is the real estate planning and development 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.