Chartwell Technology Inc. CWH

CHARTWELL GRADUATES TO TIER 1 ON CDNX

Chartwell Technology Inc. CWH.V

Calgary, Canada August 13, 2001, Chartwell Technology Inc. (CDNX: CWH) is pleased to announce that it has received approval from the Canadian Venture Exchange (CDNX) to move to the Tier 1 classification and has by doing so established itself as a senior issuer on the Exchange.

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.

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.