Great Wolf Resorts, Inc. Announces 30-Day Extension of Maturity Date on Mason, OH Mortgage Loan

MADISON, WI/PRNewswire-FirstCall/ -- Great Wolf Resorts, Inc. (Nasdaq: WOLF), North America's leading family of indoor waterpark resorts, has negotiated a 30-day extension of the November 30, 2008 maturity date on the company's $76.8 million non-recourse mortgage loan on its Mason, Ohio resort property.

During the 30-day extension period, the company will continue discussions with the lender to obtain a longer-term extension of the loan's maturity date. Also, the terms of the loan are unchanged during the extension period.


Additional information may be found on the company's Web site at http://www.greatwolf.com/.

Contacts: Alex Lombard, Investors, (703) 573 -9317
Media Steve Shattuck (608) 661-4731