Warrants Exercised

Chartwell Technology Inc. CWH

Calgary, AB … June 13, 2000, Chartwell Technology Inc. (CWH) is pleased to announce that 100% of its outstanding 550,000 Share Purchase Warrants have been exercised. The Warrants were exercised at a price of $2.50 per common share for gross proceeds of $1,375,000. Chartwell's existing working capital position is approximately $10,500,000 which will be used to further develop our software products and business.

Chartwell's strong financial position and successful implementation of its business model will assure growth and market share in the rapidly developing entertainment and gaming industry.

Chartwell is developing state-of-the-art, permission-based database marketing solutions for brand name advertisers and online retailers and continues the aggressive development of its JAVA based Internet games and gaming software, including the deployment of new games, languages and multi -player tournament applications

Chartwell Technology Inc. specializes in the development of leading edge games and entertainment content for Internet and Intranet deployment by operators of interactive websites and virtual communities. Chartwell's software products and games are designed for deployment in gaming, entertainment, advertising and promotional applications

The Canadian Venture Exchange has neither approved nor disapproved the information contained herein.
This press release contains "forward-looking statements" including management's beliefs, expectations or projections related to the Company's business prospects, capital raising and secondary markets for the Company's securities. Actual results could differ materially from those set forth in forward-looking statements. You are cautioned against placing undue reliance on the forward-looking statements.