CHARTWELL TECHNOLOGY INC.
TSX : CWH

CHARTWELL TECHNOLOGY INC.

June 12, 2006 15:40 ET

Chartwell to Release 2nd Quarter 2006 Financial Results on June 14th, 2006 Followed by an Analyst/Shareholder Conference Call

CALGARY, ALBERTA--(CCNMatthews - June 12, 2006) - Chartwell Technology Inc. (TSX:CWH), a leading provider of gaming software systems to the online and remote gaming industry announces that its 2nd quarter financial results for the period ending April 30th, 2006 will be released after market hours on Wednesday June 14th , 2006. A conference call for analysts and shareholders is scheduled to follow at 6:00 p.m. EST on Wednesday, June 14th, 2006.

To participate in the call please dial the appropriate number within five minutes prior to the call's commencement. You will be requested to provide your name, telephone and corporate affiliation (if applicable).

Date: Wednesday, June 14th, 2006

Time: 6:00 p.m. EST

International or local (Toronto) access: (416) 695-5261

Toll-free North America: (888) 789-0089

Audio playback will be available after the call and will remain accessible until June 21st, 2006.

Instant replay access information

Local access: (416) 695-5275

Toll-free access: (888) 509-0081

Access Passcode: 625805

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

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Certain statements contained herein may constitute forward-looking statements. These statements relate to future events or our future performance. All statements other than statements of historical fact may be forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe" and similar expressions. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such 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. These statements speak only as of the date hereof. We do not intend, and do not assume any obligation, to update conclusions, forecasts or projections that may be contained in these forward-looking statements, whether as a result of new information, future events or otherwise. No assurance can be given that actual results, performance or achievement expressed in, or implied by these forward-looking statements will occur, or if they do, that any benefits may be derived from them. Past results have been applied in drawing a conclusion or making a forecast or projection set out in the forward-looking information.

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 impact of government regulation, 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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