News Release Details

Wi-LAN Completes Closing of $8 Million Bought Deal

08/17/2006

OTTAWA, Canada - August 17, 2006 - Wi-LAN Inc. (TSX: WIN) ("Wi-LAN" or "the Company") announced today that it has completed the previously announced issuance of 6,400,000 common shares of the Company. The shares were issued on a bought deal basis, at a price of $1.25 per common share, for gross proceeds of approximately $8 million. The shares were offered by way of a short form prospectus in all of the provinces of Canada (excluding Quebec) and in the United States on a private placement basis. The shares were offered for sale by a syndicate of underwriters co-led by Paradigm Capital Inc. and Wellington West Capital Markets Inc., and also included Haywood Securities Inc.
"We believe the funds raised in this financing, in combination with the cash Wi-LAN already has on hand, makes it possible for Wi-LAN to engage in one or more litigations concerning our patents", said Jim Skippen, President and CEO of Wi-LAN.  "It will also provide the clear message to the many companies that require a license to the Wi-LAN patents that Wi-LAN can afford to litigate if licensing discussions do not yield a successful result." 

"Since joining Wi-LAN on June 20th, I have been pleased with the significant number of ongoing discussions we have launched, or are engaged in, with companies requiring a license to the Wi-LAN patent portfolio", added Skippen.  "This successful financing can only increase the likelihood that these companies will take a license to the Wi-LAN portfolio."

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Wi-LAN Inc.

Wi-LAN, which was founded in 1992, is a licensor of key wireless technologies, and was a co-founder of both the OFDM forum and WiMAX forum.   Some of the fundamental technologies covered by the Wi-LAN patents include CDMA, WiFi and WiMAX.  Wi-LAN has already licensed its intellectual property to a number of major companies, including Cisco and Fujitsu.

Forward Looking Information
Certain statements in this release, other than statements of historical fact, may include forward-looking information that involves various risks and uncertainties.  These may include, without limitation, statements based on current expectations involving a number of risks and uncertainties related to all aspects of the wireless communications industry and the global economy. These risks and uncertainties include, but are not restricted to the enforceability of the Company’s patents, the timing of the Company’s ability to generate revenues and cash flows from licensing its patent portfolio, the implications of possible litigation regarding the licensing activities,  the Company’s ability to attract and retain key employees, the ability of the Company to raise capital or other forms of financing on acceptable terms when needed and potential changes in foreign currency rates. These risks and uncertainties may cause actual results to differ from information contained herein, when estimates and assumptions have been used to measure and report results. There can be no assurance that such forward looking statements will prove to be accurate. Actual result and future events could differ materially from those anticipated in such statements.
These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice.  The Company assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change.

All trademarks and brands mentioned in this release are the property of their respective owners.
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For more information please contact:

Wi-LAN Inc. Genoa Management

Steve Bower, CFO
1 (613) 688-4898    
E-mail: sbower@wi-lan.com 
Website: www.wi-lan.com   

 Amir Nayeri
1 (866) 430-6247
E-mail: info@genoa.ca
Website: www.genoa.ca

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Please note the information presented is deemed representative at the time of its original release. Changes in historical information may occur due to adjustments in accounting and reporting standards & procedures.

Non-GAAP Information

In addition to disclosing results determined in accordance with GAAP, WIN may also disclose certain non-GAAP and pro forma non-GAAP results of operations, including certain ratios, operational and miscellaneous data, as well as net income, diluted earnings per share, operating expenses, and operating income that make certain adjustments or exclude certain charges and gains that are outlined in the schedules included in this website. Management believes that this non-GAAP and pro forma non-GAAP information provides investors with additional information to assess WIN operating performance by making certain adjustments or excluding costs or gains and assists investors in comparing WIN's operating performance to prior periods. Management uses this non-GAAP and pro forma non-GAAP information, along with GAAP information, in evaluating its historical operating performance. WIN and Virtua also take no responsibility for third party pricing data provided for informational purposes and certain ratio results formulated from the provided third party pricing data.

The non-GAAP information is not prepared in accordance with GAAP and may not be comparable to non-GAAP information used by other companies. The non-GAAP information should not be viewed as a substitute for, or superior to, other data prepared in accordance with GAAP.

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