Great Wolf Resorts, Inc. (NASDAQ: WOLF), North America's leading family of indoor waterpark resorts, today announced that the Company will release fourth quarter 2010 financial results prior to the market open on Wednesday, February 23, 2011. 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 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 Corporate Web site at, http://corp.greatwolfresorts.com, then going to the ?Investor Relations? tab. Interested parties may also call 1-877-407-9039, or for international callers 1-201-689-8470. A recording of the call will be available by telephone until midnight on March 2, 2011 by dialing 1-877-870-5176, or for international callers 1-858-384-5517, and using the conference ID 366163.

About Great Wolf Resorts, Inc.

Great Wolf Resorts, Inc.® (NASDAQ: WOLF), Madison, Wis., is North America's largest family of indoor waterpark resorts, and, through its subsidiaries and affiliates, owns, licenses and/or operates its family resorts under the Great Wolf Lodge® and Blue Harbor Resort? brands. Great Wolf Resorts is a fully integrated resort company with 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; Grand Mound, Wash.; and Concord, N.C.; and Blue Harbor Resort & Conference Center in Sheboygan, Wis.

The Company's resorts are family-oriented destination facilities that generally feature 300 to 600 rooms and a large indoor entertainment area measuring 40,000 to 100,000 square feet. The allsuite properties offer a variety of room styles, arcade/game rooms, fitness rooms, themed restaurants, spas, supervised children's activities and other amenities. The Company's consolidated subsidiary, Creative Kingdoms, LLC, is a developer and operator of technology based, interactive quest adventure experiences such as MagiQuest®.

Additional information may be found on the Company's Web site at www.greatwolf.com.

ICR
Alex Lombardo or Nikki Sacks, 608-662-4698