Chartwell Renews bwin Contract

Chartwell Technology Inc. (TSX:CWH) ("Chartwell"), a leading provider of gaming software systems to the remote gaming industry announces the license renewal for bwin International Ltd. ("bwin"). This renewal marks the fourth consecutive term for Chartwell, and extends our business relationship through to 2012.

Incorporated in 1997, bwin has built an exemplary reputation in the online gaming industry through its ongoing support of responsible gaming and regulatory compliance. The company's implementation of innovative solutions has established a solid base of business positioning bwin as one of the largest and most respected online gaming brands in the world today.

"This is always a great vote of confidence for us when one of our valued clients renews", states Dave Acorn, COO of Chartwell Technology Inc. "We have been working with bwin for eight years and have always endeavoured to provide them with a continually expanding online entertainment experience for their customers. This renewal confirms our level of service and support and we are delighted to continue our partnership for another three years."

About Chartwell

Chartwell specializes in the development of leading-edge gaming applications and entertainment content for the Internet and other remote access devices. Chartwell's Java and Flash based software products and games are designed for deployment in gaming, entertainment, advertising and promotional applications. Chartwell does not participate in the on-line gaming business of its clients. Chartwell's team of highly trained professionals is committed to delivering the highest quality software and maintaining its leading edge through continuous development and unparalleled customer support.

Chartwell invites you to preview our company and gaming applications www.chartwelltechnology.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Certain statements contained herein may constitute forward-looking statements. These statements relate to future events or our future performance. All statements other than statements of historical fact may be forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe" and similar expressions. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. We believe that the expectations reflected in the forward-looking statements are reasonable based upon management's current views but no assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon. These statements speak only as of the date hereof. We do not intend, and do not assume any obligation, to update conclusions, forecasts or projections that may be contained in these forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. No assurance can be given that actual results, performance or achievement expressed in, or implied by these forward-looking statements will occur, or if they do, that any benefits may be derived from them. Past results and information provided by third party sources considered to be accurate have been applied in drawing a conclusion or making a forecast or projection set out in the forward-looking information.

Our actual results could differ materially from those anticipated in these forward-looking statements as a result of factors that may include, but are not limited to: the impact of government regulation and laws affecting international operations, the impact of price competition, loss of business or credit risks associated with current and prospective major customers, general industry and market conditions and growth rates, currency rate fluctuations, the impact of consolidations in the online gaming industry and other risks detailed from time to time in Chartwell's Annual Information Form and Management's Discussion and Analysis, both of which may be found at www.sedar.com.

SOURCE: CHARTWELL TECHNOLOGY INC.

Chartwell Technology Inc.
Darold Parken
President and CEO
(877) 261-6619 or (403) 261-6619
dhp@chartwelltechnology.com
Chartwell Technology Inc.
David Bajwa
Investor Relations
(877) 669-4180 or (604) 669-4180
info@chartwelltechnology.com
www.chartwelltechnology.com

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