Wi-LAN Announces $40 Million Bought Deal Financing

Ottawa, Canada – February 20, 2007 - Wi-LAN Inc. (TSX: “WIN”) (the “Company”) is pleased to announce that it has entered into a bought deal agreement with a syndicate of underwriters led by Wellington West Capital Markets Inc. and including Genuity Capital Markets G.P., Paradigm Capital Inc., GMP Securities L.P., and Dundee Securities Corporation (collectively, the "Underwriters"). Under the agreement, the syndicate will purchase from the Company 5,714,300 million common shares of the Company (“Common Shares”) at a price of $7.00 per Common Share for gross proceeds of $40,000,100.

The Underwriters have the option to purchase up to an additional 571,430 Common Shares at the issue price at any time prior to 30 days following the closing date for additional gross proceeds of $4,000,010. The Common Shares to be issued under the Offering will be offered by way of a short form prospectus in all of the provinces of Canada (except Quebec) and in the United States on a private placement basis pursuant to an exemption from the registration requirements of the United States Securities Act of 1933, as amended.

The offering is scheduled to close on or about March 13, 2007 and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals, including the approval of the Toronto Stock Exchange and the securities regulatory authorities.

The net proceeds from the offering will be used to fund acquisitions of patent portfolios identified as strategic to the Company’s business and for working capital and general corporate purposes.

“We are currently in discussions on a number of initiatives, including the acquisition of patents,” said Jim Skippen, President & CEO. “With the number of interesting opportunities being presented to us, this additional financing is necessary to enable us to move quickly to purchase those patent portfolios that we identify as high quality acquisitions.”

The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from 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 state 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.