Great Wolf Resorts, Inc. to Hold Fourth-Quarter 2008 Earnings Call on February 25

MADISON, Wis., Jan. 27 /PRNewswire-FirstCall/ — Great Wolf Resorts, Inc.
(Nasdaq: WOLF), North America’s leading family of indoor waterpark resorts,
today announced that the company will release fourth-quarter 2008 financial
results on Wednesday, February 25, 2009, before the market opens. The company
will hold a conference call at 10 a.m. ET on that day to discuss its results.

The conference call will be hosted by Chief Executive Officer Kim Schaefer and Chief Financial Officer Jim Calder. Stockholders and other interested
parties may listen to a simultaneous webcast of the conference call on the
Internet by logging onto the company’s Web site, www.greatwolf.com, or
www.streetevents.com, or may call (800) 218-4007, reference number 11125895.
A recording of the call will be available by telephone until midnight on
Wednesday, March 4, 2009, by dialing (800) 405-2236, reference number
11125895. A replay of the call will be posted on the company’s Web site
through March 25, 2009.

About Great Wolf Resorts, Inc.

Great Wolf Resorts, Inc.(R) (Nasdaq: WOLF), Madison, Wis., is North
America’s largest family of indoor waterpark resorts, and, through its
subsidiaries and affiliates, owns and operates its family resorts under the
Great Wolf Lodge(R) and Blue Harbor Resort(TM) brands. Great Wolf Resorts is
a fully integrated resort company and owns and/or manages Great Wolf Lodge
locations in: Wisconsin Dells, Wis.; Sandusky, Ohio; Traverse City, Mich.;
Kansas City, Kan.; Williamsburg, Va.; the Pocono Mountains, Pa.; Niagara
Falls, Ontario; Mason, Ohio; Grapevine, Texas; and Grand Mound, Wash.; and
Blue Harbor Resort & Conference Center in Sheboygan, Wis. A Great Wolf Lodge
in Concord, N.C. is currently under construction.

The company’s resorts are family-oriented destination facilities that
generally feature 300-400 rooms and a large indoor entertainment area
measuring 40,000-100,000 square feet. The all-suite properties offer a
variety of room styles, arcade/game rooms, fitness rooms, themed restaurants,
spas, supervised children’s activities and other amenities. Additional
information may be found on the company’s Web site at www.greatwolf.com.

    Contact:  Alex Lombardo             Jennifer Beranek
              Investors                 Media
              (703) 573-9317            (608) 661-4754

SOURCE Great Wolf Resorts, Inc.