The festival, now in its 10th year, opened on Friday night at the Lake Wanaka Centre and finishes tomorrow evening with a special "best of 10 years" session, which looks back on some of the most popular adventure films featured during the past decade.
Festival director Mark Sedon said audience numbers were on a par with recent years and the response to this year's films had been positive.
"We're getting a lot of people coming out of the theatre just buzzing. You just hear the chatter and I think people have been really inspired by the films," Mr Sedon said.
Festival favourites so far had been a live talk by professional extreme sports athlete Tim Emmett, of the United Kingdom, who spoke in Wanaka on Saturday and at this year's inaugural Queenstown show on Sunday.
Also popular was the festival's 2012 grand prize-winning film Race for the Nose, which documents two climbers' attempt to break a speed record on the classic Nose route in Yosemite.
"Everyone had sweaty palms when they came out of that one."
Mr Sedon said the festival had grown significantly since its inception. In the first year, he took a week off work to organise the event, but at least three months of preparation was now needed.
Many film-goers returned year after year from throughout New Zealand to view a selection of the latest adventure film offerings from throughout the world, alongside some local festival fans who attended every session throughout the six-day festival.
The festival has also featured workshops, trade displays, live music, other guest speakers and a dyno (or wall-jumping) competition, which was held on Saturday.
German Tim Hunter won the men's first prize with a 2.3m jump and Sarah Smith, of Wanaka, won the women's event with a 1.75m jump.
The three finalists in the festival's film editing competition are Carla Braun-Elwert's film Sweet As, Richard Sidey's Carbon-Free Beatbox and Ben Thomas' Halfway There.
The winner of the $US500 ($NZ628) prize, decided by festival visitors, will be announced tomorrow at 7.30pm.
