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Kimberly Schaefer Promoted to President & COO,
Great Wolf Resorts, Inc.
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MADISON, Wis., September 23, 2008 — Great Wolf Resorts, Inc. (NASDAQ: WOLF), North America’s leading family of indoor waterpark resorts, today announced that Kimberly Schaefer has been promoted to president and chief operating officer.

“In the past 11 years with the company, she has spearheaded the growth and evolution of the brand,” said Randy Churchey, interim chief executive officer.  “Her leadership, passion and vision for the future of Great Wolf Resorts, Inc., are the foundation upon which the company has been built.  Kim was instrumental in the growth of the company to nearly 5,000 ‘pack members’ at 11 resorts across North America.”

Great Wolf Resorts, Inc.® (NASDAQ: WOLF), Madison, Wis., and, through its subsidiaries and affiliates, owns and operates its family resorts under the Great Wolf Lodge® and Blue Harbor Resort™ 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; and Grapevine, Texas; and Grand Mound, Wash. and Blue Harbor Resort & Conference Center in Sheboygan, Wis.  A Great Wolf Lodge currently is under construction in Concord, N.C. and a 203-suite expansion is under construction at the company’s Grapevine resort.

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Contact:

Alex Lombardo
 (703) 573-9317
 www.greatwolf.com

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Also See: Kimberly Schaefer Named Chief Operating Officer for Great Wolf Resorts / March 2005
Great Wolf Resorts Second Quarter 2008 Net Loss Widens to $4.1 million Compared to a Net Loss of $1.7 million in the Year Earlier; Actively Pursuing Three Proposed Projects in Connecticut near Foxwoods, at the Mall of America®, Bloomington, Minnesota and Lake Lanier, near Atlanta, Georgia / August 2008
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