Wi-LAN Completes Closing of $30 Million Bought Deal Financing

OTTAWA, Canada – December 29, 2006 – Wi-LAN Inc. (TSX: WIN) (“Wi-LAN” or the “Company”) announced today that it has completed the previously announced sale of 6,666,700 common shares of the Company. The shares were issued on a bought deal basis, at a price of $4.50 per common share, for gross proceeds of approximately $30 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 led by CIBC Capital Markets Inc., and included Wellington West Capital Markets Inc., Paradigm Capital Inc., Dundee Securities Corporation and Haywood Securities Inc.

“The additional funds provided by this financing will enable us to fund any litigation that might be required.   It will also allow us to purchase additional patent portfolios we identify as high quality acquisition opportunities,” said Steve Bower, Wi-LAN’s CFO.

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 ADSL. Wi-LAN has already licensed its intellectual property to a number of major companies, including Cisco, Fujitsu and Nokia.