Calgary, Canada, April 30, 2004, Chartwell Technology Inc. (TSX: CWH) a leading provider of gaming software systems and entertainment content to the online and mobile gaming industry is pleased to announce effective May 3 rd, 2004 the company's shares will be delisted from the TSX Venture Exchange and move to the Toronto Stock Exchange. The TSX Venture Exchange has been advised that the company's securities will be listed and commence trading on Toronto Stock Exchange at the opening on Monday, May 3 rd , 2004, under the symbol CWH

"The TSX listing represents a major milestone in our development, states Darold H. Parken, President and CEO of Chartwell Technology Inc. By upgrading our listing to the largest Canadian stock exchange, Chartwell will enjoy increased visibility and greater recognition in the global financial markets, which will be a significant advantage in our efforts to enhance shareholder value. I would like to take this opportunity to thank all of our long-standing shareholders for their continued support and confidence in the Company.”

About Chartwell

Chartwell Technology Inc. specializes in the development of leading edge gaming applications and entertainment content for the Internet and wireless platforms 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 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.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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.