CORAL EUROBET SELECTS CHARTWELL TECHNOLOGY

Chartwell Technology Inc. CDNX: CWH

C h a r t w e l l T e c h n o l o g y I n c .

Calgary, Canada May 9, 2002, 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.

About Coral Eurobet

Coral Eurobet is one of the world's leading bookmaking organizations. The group comprises Coral Racing, operating 870 retail betting shops in the UK, Coral Stadia which owns and operates two greyhound racing tracks in the UK, Coral Telebetting which provides instant betting on all major sports by debit card, seven days a week and Eurobet, which was the first company to accept bets over the Internet and now has active customers in over 100 countries through the Internet, WAP telephone and interactive TV platforms.

About Chartwell

Chartwell Technology Inc. specializes in the development of leading edge gaming applications and entertainment content for the Internet. 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 online 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 and play our games at: www.chartwelltechnology.com

For further information, please contact:

Chartwell Technology Inc.

Darold H. Parken, President
(877) 261-6619 or (403) 261-6619
dhp@chartwelltechnology.com

David Bajwa, Investor Relations
(877) 669-4180 or (604) 669-4180
info@chartwelltechnology.com

The TSX Venture Exchange has neither approved nor disapproved the information contained herein.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical fact are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays in testing and evaluation of products, regulation of the online gaming industry, and other risks detailed from time to time in Chartwell's filings with the Securities & Exchange Commission. We assume no responsibility for the accuracy and completeness of these statements and are under no duty to update any of the forward-looking statements contained herein to conform these statements to actual results. This is not an offer to sell or a solicitation of an offer to purchase any securities.