CHARTWELL TECHNOLOGY INC.
TSX : CWH

CHARTWELL TECHNOLOGY INC.

January 19, 2010 16:30 ET

Chartwell Games (International) Ltd. Appoints New CEO

CALGARY, ALBERTA--(Marketwire - Jan. 19, 2010) - Chartwell Technology Inc. (TSX:CWH) ("Chartwell" or the "Company"), a leading provider of gaming software systems and entertainment content to the online and remote gaming industry is pleased to announce the appointment of Mr. Daniel Phillips as Chief Executive Officer of Chartwell Games (International) Ltd., its wholly owned subsidiary.

Mr. Phillips joined Chartwell Games (International) in August, 2009 as VP Operations bringing an impressive range of experience in the gaming industry. Mr. Phillips began his career with Ladbrokes, spending seven years in land-based casino operations. Following his tenure with Ladbrokes, Mr. Phillips spent eight years with the GalaCoral Group in their online gaming division, where he last held the position of Gaming Director with responsibility for Casino, Bingo, TV and Poker operations across multiple channels.

Mr. Phillips will now assume the role of CEO of Chartwell Games (International) replacing Mr. Lee Richardson who has decided to leave the Company to pursue other opportunities in gaming. Mr. Phillips will oversee the international operations of Chartwell, including business development functions, marketing, sales and expanded client services and operations.

Mr. Phillips comments, "I am pleased and excited to be taking on this challenge, and feel the combination of my time with Chartwell to date and experience across the industry will stand me in good stead as we move into an exciting period of the Company's development".

"We are extremely pleased to welcome Dan in his new capacity with the Chartwell team," stated Dave Acorn, Chief Operating Officer of Chartwell. "As we focus on growth, expanded client services and the rollout of new products on our recently launched Chartwell Games Platform, Dan's extensive industry experience and leadership skills will be a valuable asset in achieving our goals of continuing to build Chartwell's presence in our key markets as well as developing new markets." Mr. Acorn continued, "We would like to thank Lee very much for his valuable contribution to the Company during his tenure and we wish him all the best in his future endeavours."

About Chartwell

Chartwell specializes in the development of leading-edge gaming systems and content for the regulated online gaming industry. Chartwell is certified or licensed in all of the leading regulated gaming markets and provides its full service capabilities in all regulated markets. Chartwell does not participate in the online gaming business for its own account. 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.

Further information on product and corporate development is available at:
www.chartwelltechnology.com.

SOURCE: Chartwell Technology Inc.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Certain statements contained herein may constitute forward-looking statements. We believe that the expectations reflected in the forward-looking statements are reasonable based upon management's current views but no assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon.

Our actual results could differ materially from those anticipated in these forward-looking statements as a result of factors that may include, but are not limited to: the continuing financial market uncertainty, the impact of government regulation and laws affecting international operations, the impact of price competition, loss of business or credit risks associated with current and prospective major customers, general industry and market conditions and growth rates, currency rate fluctuations, the impact of consolidations in the online gaming industry and other risks detailed from time to time in Chartwell's Annual Information Form and Management's Discussion and Analysis, both of which may be found at www.sedar.com.

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

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