September 22, 2005 15:00 ET

Chartwell Technology Inc.: Notice of Intention to Make a Normal Course Issuer Bid

CALGARY, ALBERTA--(CCNMatthews - Sept. 22, 2005) - Chartwell Technology Inc. (TSX:CWH) ("Chartwell" or the "Corporation"), a leading provider of gaming software systems to the online and remote gaming industry announced today that it has filed with the Toronto Stock Exchange a notice of its intention to make a normal course issuer bid for its common shares ("Common Shares") through the facilities of the Toronto Stock Exchange (the "Notice"). The shares will be purchased for cancellation.

Chartwell may, during the twelve-month period commencing September 26, 2005 and ending on September 25, 2006, purchase on the Toronto Stock Exchange up to 970,000 Common Shares, being approximately 5% of the issued and outstanding Common Shares in the share capital of Chartwell. The price that Chartwell will pay for any such Common Shares will be the market price at the time of acquisition and any Common Shares purchased under the normal course issuer bid will be cancelled. The actual number of Common Shares that may be purchased and the timing of any such purchases will be determined by Chartwell. As of the date hereof, there are 19,401,139 Common Shares of Chartwell issued and outstanding.

Chartwell considers the normal course issuer bid to be in the best interest of the Corporation and its shareholders. Chartwell believes that there may be times over the course of the year when its Common Shares may trade in a price range that does not adequately reflect their value in relation to Chartwell's business and its future business prospects. As a result, depending on future price movements and other factors, Chartwell believes that its outstanding Common Shares may represent an attractive investment and a desirable use of a portion of its available funds.

A copy of the Notice may be obtained by any shareholder of Chartwell, without charge, by contacting Chartwell's head office.

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

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.

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

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