ILX Resorts

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ILX RESORTS ANNOUNCES 16th CONSECUTIVE QUARTERLY COMMON STOCK CASH DIVIDEND

Phoenix, Arizona - December 18, 2006 - ILX Resorts Incorporated (AMEX:ILX) announced today the prospective payment of a quarterly dividend of $0.1175 per share. The dividend has a record date as of the close of business on December 29, 2006 and is payable on January 10, 2007 to shareholders of record. Shareholders electing participation before the payment date may reinvest their dividends in additional shares of common stock through the Dividend Reinvestment Plan originally adopted in March 2003 and amended and restated in March 2006. The annual dividend of $0.47 per share, payable quarterly, was declared on September 22, 2005.

"We are pleased to announce our sixteenth consecutive quarterly dividend. We look forward to continuing to pay dividends in 2007 and to increasing the dividend by 6.4% to $0.50 per share annually, as declared in September 2006," said Joe Martori, Chairman of ILX Resorts.

ILX Resorts acquires, develops, and operates premier timeshare resorts primarily in the western United States that provide its owners with extraordinary vacation experiences. ILX's portfolio of world-class properties includes eight resorts in Arizona, one in Indiana (currently being expanded), one in Colorado, one in San Carlos, Mexico and land in Puerto Peñasco ("Rocky Point"), Mexico and Sedona, Arizona, both of which are in the final planning stages. It also, through Premiere Vacation Club, has acquired, and continues to acquire, inventory at the Carriage House in Las Vegas and in addition has acquired inventory at the Scottsdale Camelback Resort in Scottsdale, Arizona. For more information, visit: www.ilxresorts.com

For more information, contact Joseph P. Martori, Chairman or Margaret Eardley, Chief Financial Officer, at 602-957-2777.

This news release may include "forward-looking statements." Forward-looking statements are based on current expectations and assumptions and are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified and many of which are beyond the Company's control. Actual results could differ materially from these forward-looking statements as a result of a number of factors, including but not limited to, economic conditions, the Company's need for additional financing, intense competition in various aspects of its business, the risks of growth, its dependence on key personnel, and other risks detailed in ILX's Securities and Exchange Commission reports. Given these risks and uncertainties, investors are cautioned not to place undue reliance on such forward-looking statements and no assurances can be given that such statements will be achieved. ILX Resorts Incorporated does not assume any duty to publicly update or revise the material contained herein.

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