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Great Wolf Resorts, Inc. to Hold Third-Quarter 2008 Earnings Call on November 5

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Great Wolf Resorts, Inc. (NASDAQ:WOLF) , North America’s leading family of indoor waterpark resorts, today announced that the company will release third-quarter 2008 financial results on Wednesday, November 5, 2008, before the market opens. The company will hold a conference call at 9 a.m. ET on that day to discuss its results.

The conference call will be hosted by Interim Chief Executive Officer Randy Churchey, President and Chief Operating 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, greatwolf.com, or streetevents.com, or may call (800) 257-1927, reference number 11121213. A recording of the call will be available by telephone until midnight on Wednesday, November 12, 2008, by dialing (800) 405-2236, reference number 11121213. A replay of the call will be posted on the company’s Web site through December 5, 2008.

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 currently is under construction in Concord, N.C. and a 203-suite expansion is under construction at the company’s Grapevine resort.

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 greatwolf.com.

Contact: Alex Lombardo Jennifer Beranek

Investors Media

(703) 573-9317 (608) 661-4754

Source: Great Wolf Resorts, Inc.

CONTACT: Investors, Alex Lombardo, +1-703-573-9317, or Media, Jennifer
Beranek, +1-608-661-4754, both of Great Wolf Resorts, Inc.

Web site: greatwolf.com

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