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Shuswap Indian Band Signs Benefits Agreement

Shuswap Indian Band and Glacier Resorts Ltd. sign benefits agreement for Jumbo Glacier Resort

October 14, 2008

Invermere, BC. Glacier Resorts Ltd. (GRL) and the Shuswap Indian Band have signed an agreement detailing how the local First Nation will benefit from the proposed $1 billion year-round ski resort project 55 km west of Invermere and Radium in the Kootenay Rockies.

“This is a great day for our community and our plans to move our community forward.” says Shuswap Indian Band Chief Paul Sam. “After long and considered review of this project, including the 2004 Environmental Certificate conditions protecting the grizzly habitat and the extensive wildlife and environmental management plans, we have decided to give this project our full support. This agreement will bring practical and meaningful economic opportunities to our People,” says Chief Paul Sam. “Not only will there be jobs for our People in construction and at the resort itself, but there will be significant business opportunities throughout the life of the project. A cultural interpretive centre will showcase our history, culture and connection to our lands.” says Chief Sam.

The Agreement provides for scholarships and training programs to introduce S.I.B. members to the tourism and hospitality industry.

The Shuswap Nation Tribal Council, in a resolution passed at Invermere, expressed strong support for the Shuswap Indian Band economic and development programs including their positive position on Jumbo Glacier Resort.

“This unprecedented and historic agreement is the culmination of a very important relationship we have been building since 1991” says Grant Costello, Vice President, Glacier Resorts Ltd.

“The Shuswap People have agreed to work with us as the Project progresses in maintaining their traditional values while respecting Shuswap rights and in ensuring that the environmental safeguards under the Environmental Assessment Certificate are met,” says Costello.

Jumbo Glacier Resort, 55 kms west of Radium and Invermere, will be a high altitude ski resort with ski runs and glade-skiing in the Jumbo Valley and year- round glacier skiing on Farnham, Jumbo, Commander and Glacier Dome glaciers. The total valley bottom development footprint will be contained to 104 hectares, about one-third the size of the nearby Panorama Resort and will include up to 812 accommodation units by year ten. The resort will draw guests from across North America, Europe and Asia to enjoy the exceptional skiing and stunning mountain views.

Canada’s top wintersports athletes who have been training on Farnham Glacier since 2003 acclaim it “Best in the World”.