Wi-LAN Closes $40 Million Bought Deal Financing

Ottawa, Canada – March 13, 2007 –Wi-LAN Inc. announced today that it has completed the previously announced sale of 5,714,300 common shares of the Company. The shares were issued on a bought deal basis, at a price of $7.00 per common share, for gross proceeds of $40,000,100. The shares were offered by way of a short form prospectus in all of the provinces and territories of Canada (excluding Quebec) and in the United States on a private placement basis. A syndicate led by Wellington West Capital Markets Inc. and including CIBC World Markets Inc., Genuity Capital Markets G.P., Paradigm Capital Inc., GMP Securities L.P., and Dundee Securities Corporation acted as underwriters for the offering.

“With this financing and with our previous cash reserve, we are in a very strong position to grow our business through the selective acquisition of valuable IP,” said Jim Skippen, President & CEO. “Our solid financial position also shows prospective licensees that we are capable of going the distance in any litigation that might be required to enforce our patents.”

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, licenses intellectual property that drives a full range of products providing access in wireless and wireline telecommunications markets. Some of the fundamental technologies covered by Wi-LAN’s patents include: CDMA, Wi-Fi, WiMAX and DSL. Wi-LAN has already licensed its intellectual property to a number of major companies, including Cisco, Fujitsu and Nokia.