Deer Valley Resort / USA:  $8 million Investment in Improvements for the 2004/2005 season

DEER VALLEY RESORT, PARK CITY, UTAH (June 8, 2004) –During the summer and autumn months, the Resort plans to invest $8 million in improvements.

“With the completion of our major Snow Park Lodge renovation and expansion last season, we're now ready to move on and focus on other areas of the Resort,” says Deer Valley President and General Manager Bob Wheaton. “Deer Valley Resort has a reputation for being uncrowded and we have one of the highest uphill capacities per capita of any Resort in the country. To ensure that we continue to provide that spaciousness to our guests, the focus of this year's improvements is to add two new chairlifts and two new ski runs in our very popular Flagstaff area. We never want to rest on our laurels. We are constantly looking for ways to improve, and to continue pleasing our guests with the standard of excellence they've come to expect.”

The $8 million in improvements for the 2004/2005 ski season at Deer Valley will include the following:

• Two new chairlifts, the Judge Lift and the Silver Strike Express, will be installed in the Flagstaff area of the Resort. The Judge lift is a fixed-grip triple chair and will run parallel to the existing Viking chairlift on the south side of Trainer ski run. Its base will be near the Quincy chairlift base and the top will be just below the merging area between Homeward Bound and Birdseye ski runs. The Silver Strike Express lift will be a detachable quad chair and will run between the Red Cloud lift and the Northside lift, ending at the top of Flagstaff Mountain.
• The Resort's Flagstaff area will also be home to two new intermediate ski runs. The runs will be accessible off of the new Silver Strike Express lift, Quincy Express, Red Cloud lift and the Northside Express lift.
• Additional glade skiing is being added in both the Empire Canyon and Flagstaff areas of the Resort.
• Due to great popularity during its inaugural season last winter, Deer Valley will offer its Fireside Dining at Empire Lodge two nights a week during ski season, on both Wednesday and Thursday evenings. The dinner features three courses served from Empire Lodge's grand fireplaces. Beginning at the Empire fireplace, guests will enjoy wheels of warm Raclette cheese accompanied by steamed new potatoes, pearl onions, cornichons, cured Italian and Swiss meats and freshly baked baguettes. Continuing on to the North Fireplace, guests will find veal and wild mushroom stew, beef bourguignone, and vegetarian stew, served with field green salad garnished with assorted winter vegetables in a red onion vinaigrette. Homebaked fresh breads will also be served. Diners will finish their repast with dessert at the Ontario fireplace, where tempting chocolate and caramel fondues are served with strawberries, bananas, apples and dried apricots, Resort-baked cinnamon pound cake and almond biscotti. French roast coffee and hot chocolate are served to accompany the fondues. Also available are wines and beers specially selected to compliment each course.
• In interior improvements at Deer Valley, restrooms at both the Silver Lake and Snow Park lodges; and the second level of the Snow Park Ticket Office will undergo remodeling.
• On the mountain, the Resort will be replacing five snowguns and adding five additional new guns; expanding snowmaking off of the Silver Strike Express chairlift; and replacing five snowcats and one winch cat with brand new equipment.