Chartwell Technology Inc.

Calgary, Canada, July 04, 2006, Chartwell Technology Inc. (TSX:CWH), a leading provider of gaming software systems to the online and remote gaming industry, announced today that Mr. Don Gleason, the Corporation's Vice President, Operations and Chief Financial Officer has resigned effective immediately and that Mr. Dale Kearns will be joining the Corporation in the capacity of Chief Operating and Financial Officer (COO/CFO). Mr. Kearns is expected to start at Chartwell prior to the end of August. Mr. Gleason has resigned to pursue other business interests; however, he will be staying on with Chartwell in a consulting capacity to assist during the transition period.

For nearly two decades Mr. Kearns has been involved with international businesses, assisted in raising equity capital for various projects and has spearheaded mergers and acquisitions. Mr. Kearns is an experienced senior executive with solid public company experience as Chief Financial Officer, in the technology and real estate sectors. As well, Mr. Kearns has experience in holding company and operating company environments. Mr. Kearns is a Certified Management Accountant and is a member of the Society of Management Accountants, the Financial Executives Institute and the Calgary Chamber of Commerce. Most recently, Mr. Kearns was the Chief Financial Officer of Zi Corporation, a Nasdaq and TSX listed technology company. He has also previously been the Chief Financial Officer of O & Y Properties Corporation, a TSX listed real estate company.

Mr. Darold Parken, the President and Chief Executive Officer of Chartwell stated, "We are particularly pleased that someone of Mr. Kearns' calibre and experience has chosen to join us. Mr. Kearns' skill set and prior public company experience in the technology sector will be a valuable asset to Chartwell in achieving its business objectives and continuing its growth. I would also like to take this opportunity to sincerely thank Mr. Gleason for his numerous and significant contributions during his tenure at Chartwell during which our growth rate exceeded the industry average. He played an integral part at a key stage in the Corporation's development and we wish him the very best in his future endeavours."

About Chartwell
Chartwell 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 our company and gaming applications at www.chartwelltechnology.com

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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.