Chartwell's Subsidiary Announces Two New Licensees for its

CasinoCasino Software

Chartwell Technology Inc. CWH

January 19, 2000, Chartwell Technology Inc.(CWH) is pleased to announce that its wholly owned subsidiary, GamingTech Corporation, has entered into agreements to license its Internet based gaming software, CasinoCasino to:

1. Paradox Investments Ltd. and 2. Virtual Data Ltd.

This brings to 15 the number of gaming companies who have licensed GamingTech's Java based software since it was released in January 1999.

Chartwell is also pleased to announce that its JAVA based MultiPlayer, MultiCard BINGOBINGO with live Chat has been deployed for Beta Testing. It is expected to be released on Chartwell's website for free play users within the next two weeks. Chartwell's JAVA based BINGOBINGO will eventually offer the user four varieties of BINGO, which are:

1. Conventional BINGO - Your standard 75 number Bingo Game where any line wins.

2. Scatter BINGO - The computer generates a random pattern required to win.

3. Blackout BINGO - The user must cover all the squares to win.

4. SpeedBall BINGO - Same as Conventional Bingo but the Balls come out a lot faster and there is NO Auto Daubing.

BINGOBINGO has been developed as an independent Java based Internet game. The game runs on the player's browser as an applet. It supports multiple players and allows players to play multiple cards. Players and game operators communicate through a live chat feature. Chartwell's BINGOBINGO game will be licensed independently however it can be incorporated into the CasinoCasino suite of parlor games along with CYBERBOSS, our state of the art Backend Administrative Utility and CYBERBANX, our E-Commerce processing software.

GamingTech Corporation would also like to inform the investment community of the current issue of BEAR STEARNS Research Report on the Gaming Industry. This 115-page analysis on Internet Gaming entitled "E-Gaming -- Endangered Species or Rising Star?" is one of the most comprehensive pieces ever written on this new industry. It highlights the current operating environment for Internet gaming, its growth potential both domestically and internationally, the legal issues and provides a detailed analysis of the types of gaming found on the Internet.

E-gaming combines the fast-growing Internet media with the lucrative gambling and wagering market. The River City Group projects that e-gaming consumer expenditures in 1999 will reach approximately $1.2 billion, growing to nearly $3.0 billion in 2002.

For a copy of the Bear Stearns Research Report, please email your request to info@chartwelltechnology.com

Chartwell's deployment of its JAVA based BingoBingo and CasinoCasino Internet games demonstrates its commitment to providing leading-edge JAVA based products and becoming an industry leader in Internet based games software, services and e-commerce solutions.

Preview the Games at http://www.chartwelltechnology.com

For further information, please contact:

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.