WHISTLER BLACKCOMB HOLDINGS INC. BOARD DECLARES FIRST PAYMENT OF REGULAR QUARTERLY DIVIDEND

WHISTLER, BC, Jan. 12 /PRNewswire-FirstCall/ - Whistler Blackcomb Holdings Inc. (TSX: WB) announced today that its Board of Directors has declared its first quarterly pro-rata dividend of $0.14 per share payable on January 28, 2011 to holders of common shares of record on January 24, 2011. This pro-rata dividend covers the period from the date of acquisition of Whistler Blackcomb on November 9, 2010 through December 31, 2010 and is equivalent to $0.24 per share for the full quarter.

ABOUT WHISTLER BLACKCOMB

Whistler Blackcomb, the official alpine skiing venue for the Olympic Winter Games, is situated in the Resort Municipality of Whistler located in the Coast Mountains of British Columbia 125 kilometres (78 miles) from Vancouver, British Columbia. North America's premier four-season mountain resort includes, Whistler Mountain and Blackcomb Mountain which are two side-by-side mountains, connected by the world record-breaking PEAK 2 PEAK Gondola. The two mountains combined offer: over 200 marked runs, over 8,000 acres of terrain, 14 alpine bowls, three glaciers, receives on average over 1,090 centimetres (430 inches) of snow annually, and one of the longest ski seasons in North America. In the summer, Whistler Blackcomb offers a variety of activities, including hiking and biking trails, the Whistler Mountain Bike Park, and sightseeing on the PEAK 2 PEAK Gondola. Whistler Blackcomb Holdings Inc. is listed on the Toronto Stock Exchange under the symbol "WB". For more information visit www.whistlerblackcomb.com. For the corporation's financial reports visit SEDAR at www.sedar.com.

SOURCE Whistler Blackcomb Holdings Inc.

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