DALLAS - April 7, 2006 -- Silverleaf Resorts, Inc. (AMEX:SVL) today announced the acquisition of Pinnacle Lodge, (http://www.pinnaclelodge.com) a 64-room hotel located in the Winter Park area of Colorado for approximately $3.6 million. The property will continue to be operated as a hotel as well as a destination for current Silverleaf members while the Company assesses the possibility of other acquisitions in Winter Park. 

The Pinnacle Lodge joins Silverleaf's growing list of vacation properties in destination areas. The purchase of the Pinnacle Lodge is a strategic acquisition by Silverleaf as it is focused on providing its members with quality accommodations at affordable prices in some of the finest vacation destinations in the country. Only a few miles from the famed Winter Park and Mary Jane ski resorts, Pinnacle Lodge guests are surrounded by a year-round, high country playground that is unmatched in natural splendor. 

"Colorado has always been a popular vacation destination for Silverleaf's members," said Sharon K. Brayfield, president of Silverleaf. "With Intrawest and Orvis' recent involvement in this popular area, we expect Winter Park to gain in national recognition as a destination." Our members can enjoy access to year-round outdoor activities, including major ski resorts, golf courses, fishing, and hiking. Located within a 1.5 hour drive of Denver this property provides us with an affordable and easily accessible entry point into an increasingly popular destination." 

Based in Dallas, Texas Silverleaf has been providing quality family vacations since 1989. Our original seven resorts were located in Texas and Missouri. After we moved from a privately held company to a public company in 1997, we added resorts in additional states. In 1997, Silverleaf added Fox River Resort in Illinois and Timber Creek Resort in Missouri. In 1998 we added Oak 'N Spruce Resort in Massachusetts. In 1999, we opened Apple Mountain Resort in Georgia and in 2000, we added Seaside Resort in Texas. In 2005 we added Orlando Breeze in Orlando, Florida to the Silverleaf family.

This release contains certain forward-looking statements that involve risks and uncertainties and actual results may differ materially from those anticipated. 

Silverleaf Resorts, Inc., Dallas
Thomas J. Morris, 214-631-1166 x2218
www.silverleafresorts.com