Chartwell Technology Inc. CWH

CHARTWELL ESTABLISHES ASIA-PACIFIC PRESENCE

Chartwell Technology Inc. CWH

Calgary, Canada, May 10 2001, Chartwell Technology Inc. (CWH), a leading developer of Internet gaming software, is pleased to announce the establishment of an Asian office for its wholly owned subsidiary Chartwell Games Corp. (formerly Gaming Tech Corp.).

Chartwell Technology Inc. is also pleased to announce the appointment of Mr. Ranjeet Sundher as the President of its subsidiary, Chartwell Games Corp. Mr. Sundher has been involved in the Asia-Pacific business community for the past five years with an emphasis on the Internet technology sector. He is one of the founders and a director of Cybersia Inc. where he was instrumental in introducing Cybersia's Internet products into the Chinese online community. The new office of Chartwell Games Corp. is located in Singapore where Mr. Sundher is based.

Asia is a relatively untapped region presenting numerous opportunities to deploy Chartwell's Internet casino games and bingo software. Chartwell's rollout in Asia will be based on its strategy of forming alliances with strong brands.

"Singapore was the natural choice for our Asian base of operations", states Darold Parken, President and CEO of Chartwell Technology Inc. "We expect the Asia-Pacific region to quickly account for a significant portion of this multi-billion dollar industry and with our new corporate presence in the region we are ensuring our position as a leading global supplier of Internet gaming software".

Chartwell Technology Inc. specializes in the development of leading edge games and entertainment content for interactive websites and virtual communities. Chartwell's Java based software products and games are designed for deployment in gaming, entertainment, advertising and promotional applications. Chartwell's team of 40 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 and play our games at: www.chartwelltechnology.com.

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.