Intrawest Corporation Announces its Newest Resort Village, ``The Village of Imagine'' in Central Florida

Intrawest Corporation (NYSE:IDR) (TSX:ITW), one of the world'sleading destination resort and adventure-travel companies, hasannounced plans of their first resort village in the Central Floridamarket. Located on a 30-acre property acquired through a joint venturepartnership in March 2004, the master-planned resort village willinclude approximately 1,000 units consisting of a mix of residentialhomes, townhomes and condo-hotel units. The Village of Imagine is inkeeping with Intrawest's worldwide reputation for memorable andextraordinary resorts and will incorporate and blend the variety ofstyles and experiences characteristic of the Central Florida area.

The Village of Imagine is located in the city of Orlando onUniversal Boulevard - directly across from the Orange CountyConvention Center. It will be set on the shores of two lakes andinterwoven by a series of waterways and pedestrian-friendly walkways.The resort village will provide luxury accommodation and easy accessto amenities essential to the continued growth of the area'sconvention business.

"With convenient access to the Convention Center along with theluxuries of upscale lodging, shopping and unique dining experiences,the Village of Imagine will be a sanctuary long sought after by bothbusiness and leisure travelers in the heart of the Central Floridatourism corridor," said Connie Wynne, Regional Vice President forIntrawest.

"The creation of The Village of Imagine marks a definite turningpoint for the city of Orlando, for Orange County, for Florida and forthe millions of business and leisure visitors to Orlando every year,"commented Kathie Canning, deputy general manager, Orange CountyConvention Center. "Not only will they experience the real Floridaculturally, recreationally, and naturally, they'll be within walkingdistance of the world-class facilities of the Convention Center. Adefinite first to have so much so close to our doors."

The Village of Imagine Discovery Center is now open on UniversalBoulevard, and is providing information on its priority reservationprogram for units in the first of two signature grandcondominium-hotels. This is a limited ownership opportunity in a130-unit condominium-hotel in partnership with a major hotelier.Completion of the first phase is estimated to be early 2008.

About The Village of Imagine

The Village of Imagine is owned by Orlando Village DevelopmentLimited Partnership, a joint venture partnership. When completed, itwill feature approximately 1,000 residences showcasing a mixture ofarchitectural styles authentic to the state, while devoting amplespace to native landscaping, abundant water features, natural walkwaysand preserved green areas. Located in the heart of Central Florida andnext to the Orange County Convention Center, The Village of Imaginewill provide a place for business travelers to dine and unwind, avenue for destination travelers to marvel in the one-of-a-kind retailconcepts and a friendly gathering place for locals who seek anexceptional level of service and attention.

Please call 1-888-822-3532 for more information on residential andretail opportunities or you may visit the Web site athttp://www.villageofimagine.com.

About Intrawest Corporation

Intrawest Corporation (NYSE:IDR) (TSX:ITW) is a world leader indestination resorts and adventure travel. The company has interests in10 resorts at North America's most popular mountain destinations,including Whistler Blackcomb, a host venue for the 2010 Winter Olympicand Paralympic Games. Intrawest owns Canadian Mountain Holidays, thelargest heli-skiing operation in the world, and an interest inAbercrombie & Kent, the world leader in luxury adventure travel. TheIntrawest network also includes Sandestin Golf and Beach Resort inFlorida and Club Intrawest - a private resort club with nine locationsthroughout North America. Intrawest develops real estate at itsresorts and at other locations across North America and in Europe.Intrawest is headquartered in Vancouver, British Columbia. For moreinformation, visit http://www.intrawest.com