PRESS RELEASE

SOURCE: Chartwell Technology Inc.

Calgary, Alberta - Chartwell Technology Inc. (TSX-VEN: CWH) is very pleased to announce that its wholly owned subsidiary, Chartwell Games Corp., has been selected to design, construct and license an online casino for the Coral Eurobet Group, one of the world's leading bookmaking organizations.

"We are extremely proud to be associated with one of the most powerful betting brands in the world", states Darold H. Parken, President and CEO of Chartwell. "The Coral Eurobet Group represents the highest degree of professionalism and integrity within the sportsbetting business and to have our technology selected for their move into online casino gaming is a very significant achievement for our Company and endorsement of our business model."

Chartwell's unique custom gaming systems and business model are aimed at providing the most advanced technology tools to the most capable gaming companies and to facilitate their total control of every aspect of the online casino operations.

"Coral Eurobet is well placed to take advantage of the continuing growth in online gaming, and the launch of the Eurobet Casino is further proof of our ambitions in this sphere", said Lee Richardson, Chief Operating Officer.