Mount Snow Ushers In Ski Season On October 27. Earliest Opening In Resort’s 64-Year History

Peak Resorts, Inc. (NASDAQ:SKIS) (“Peak” or the “Company”), a leading owner and operator of high-quality, individually branded U.S. ski resorts, today announced that its flagship resort, Mount Snow, will open for the 2018/2019 season on Saturday, October 27. The planned opening day weekend represents the resort’s earliest opening on record and will come with the most skiable terrain in the East. Mount Snow is one of only three resorts in the East and one of fewer than a dozen resorts across the entire US that will offer October skiing and riding.

Tim Boyd, President and Chief Executive Officer, commented, “Peak Resorts’ biggest commitment to our guests has always been providing them with an unparalleled on-mountain skiing and riding experience. With our ongoing investments in snowmaking, in particular our recently completed $30 million West Lake Water Project at Mount Snow, we have been able to deliver on that commitment by offering some of the best conditions in New England and across the Northeast. These investments and efforts have not gone unnoticed, resulting in accolades such as Ski Magazine’s recent recognition of Mount Snow as having the Best Snow in the East. Now, thanks to favorable weather conditions and round the clock work by our snowmaking team, we are bringing winter to the Northeast sooner than ever.

“For the second straight season, Mount Snow will open with more available terrain than any resort in the Northeast as our guests will be able to view the beautiful foliage of Southern Vermont while skiing and riding from the mountain summit. While skiing and riding this weekend will be for intermediate and advanced guests, we plan to open additional terrain over the coming weeks as we expand our snowmaking efforts and as the weather permits.

“As the season kicks off this weekend, our construction teams continue to put the finishing touches on the new Carinthia Base Lodge, which we expect will open in November. Combined with our powerful snowmaking, this new mountain gateway and its refined food and beverage locations and expanded retail offerings will create a premier skiing and riding experience at Mount Snow. We are confident that our earliest-ever opening to the 2018/2019 season will be the first of many milestones in what promises to be a fantastic year for our guests.”