COPPER MOUNTAIN GAINS APPROVAL FOR VILLAGE DEVELOPMENT

COPPER MOUNTAIN, COLO., September 2, 2008 – Copper Mountain is pleased to announce the resort has received approval from Summit County officials to move forward with the next stage of village and base area development. Included in the re-zoning application are 590 units of residential and hotel density, employee and affordable housing, improved parking, transportation and pedestrian flow, perpetual funding for community programs, wetlands and open space creation and construction of a recreation path throughout the resort base area.

“This approval is a huge step forward for Copper Mountain and represents a significant portion of the holistic resort plan,” said Copper President and COO Gary Rodgers. “Copper is now poised to move forward with certainty. We will work to complete the residential development and community infrastructure within the base area while we align our future On-Mountain improvements and offerings toward the greater vision.”

Copper’s future includes six development parcels within the base area including the existing Chapel Lot as a potential hotel site. The new development will be concentrated in the village center while lower density projects are designated for the West and East neighborhoods.

Copper’s plan will generate increased traffic and revenue for existing commercial business owners within the village. This is being accomplished with the addition of hotel/condo lodging in the center of the resort, dedicated commercial parking, improved transportation system delivering guests to the village core and by limiting the development of new commercial space.

Year-round recreational opportunities are an integral piece of the Copper lifestyle. Copper’s future will include minor improvements and changes to the Copper Creek Golf Course. In addition, Copper Mountain is currently constructing Woodward at Copper – a 19,000 sq ft indoor skiing and riding training facility geared toward park and pipe progression – set to open Winter 08/09. Copper Mountain has also dedicated 1.72 acres and $75,000 to the Copper Mountain Consolidated Metro District for the construction of a new fire station.

Through the process, Copper modified the employee and affordable housing strategy to better accommodate resort and community needs, including a 30-unit on-resort affordable housing development.

For additional information regarding real estate opportunities at Copper Mountain please contact Manager of Sales Peter Woods, pwoods@coppercolorado.com or 888-426-9524.

For development inquiries at Copper Mountain, please contact Copper President and COO Gary Rodgers at rodgersg@coppercolorado.com.