Calgary, Canada 
February 26th, 2002

    Chartwell Technology Inc. (CDNX: CWH) is very pleased to announce that it has been selected as the online gaming technology partner of Horseshoe Gaming Holding Corp.; the largest privately held gaming company in the United States.

     Chartwell has been selected to develop the Horseshoe Gaming “Play for Fun” online casino (www.horseshoe.com) as part of Horseshoe’s overall Internet strategy. The Horseshoe Gaming customer loyalty program is built around its Winners Circle program. Chartwell’s suite of games will be available to all current and new Winners Circle members.

    “Our development agreement with Horseshoe reinforces the promotional value of our software and our web development capabilities with a very powerful gaming brand,” states Darold H. Parken, President and CEO of Chartwell,  “The Horseshoe brand and the name Jack Binion are inextricably linked with responsible gaming and quality entertainment in America and we are very proud to have been selected to help bring these qualities to the Horseshoe Gaming Internet presence”.

    Chartwell’s custom gaming systems and unique business model are aimed at providing the most advanced technology tools to the most capable gaming companies to maximize the tremendous marketing and promotional capabilities of the online play for fun casino offering.

    “Horseshoe is excited to be partnered with Chartwell in this extremely important Internet initiative,” states Jon C. Wolfe, Senior Vice President and CIO of Horseshoe Gaming Holding Corp. “As two leaders in our respective industries, we believe the gaming experience created will be truly unique and consistent with the quality that Jack Binion delivers and Horseshoe customers have come to expect”.

About Horseshoe Gaming:
    Horseshoe Gaming Holding Corp. operates the Horseshoe Casino and Hotels in Bossier City, LA, Tunica, MS and Hammond, IN.  Horseshoe’s state of the art properties and gaming facilities have made it a leader in the gaming industry.  Horseshoe Gaming is committed to providing the finest in gaming activity, excitement and entertainment through its glamorous casino properties, luxury hotels, riverboat casinos and stylish entertainment venues.

About Chartwell Technology Inc.
    Chartwell Technology Inc. specializes in the development of leading edge gaming
applications and entertainment content for the Internet and wireless platform. 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 and play our games at: www.chartwelltechnology.com 

For further information, please contact:  Chartwell Technology Inc.

Darold H. Parken, President
(877) 261-6619 or (403)261-6619
dhp@chartwelltechnology.com

David Bajwa, Investor Relations
(877) 669-4180 or (604) 669-4180
info@chartwelltechnology.com

The Canadian Venture Exchange has neither approved nor disapproved the information contained herein.

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.