Chartwell Technology Inc. Enters into Technology License Agreement with 1st Technology LLC

Tuesday, December 20th, 2005

CALGARY, Alberta, Canada -- Chartwell Technology Inc. (TSX:CWH), a leading software provider of gaming software systems to the online and remote gaming industry is pleased to announce that it has entered into a technology license agreement with Dr. Scott Lewis, a developer of Internet applications, to use his patented optimization technology for online gaming products.

"This technology license will enhance our ability to deliver high quality multimedia information to our customers in furtherance of our objective to deliver engaging online and remote gaming entertainment," said Darold Parken, Chartwell Technology Inc.'s President and Chief Executive Officer.

Dr. Lewis stated, "We are extremely pleased to have an important industry presence, Chartwell Technology, as a licensee, allowing us to continue to provide technology for our partners to develop superior gaming products using 1st Technology's patent portfolio."

About 1st Technology

1st Technology LLC is a leading technology licensing company with a patent portfolio of advanced Internet and multimedia innovations. 1st Technology is headed by Internet pioneer Dr. Scott Lewis who led the development of the world's first single integrated circuit chip with on-board video and audio compression, advanced adaptive digital signal processing technology at Oxford University, and introduced multiple broadband Internet and multimedia technologies. 1st Technology has a long list of industry leaders as licensees.

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 to you preview our company and gaming applications at www.chartwelltechnology.com

Contacts

Chartwell Technology Inc.
David Bajwa, 877-669-4180
or 604-669-4180
info@chartwelltechnology.com