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

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.

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 and wireline communications industry and the global economy. These risks and uncertainties include, but are not restricted to: the almost exclusive reliance of the Company on licensing its patent portfolio to generate revenues and cash flows; that the Company may be required to establish the enforceability of its patents in court to obtain material licensing revenues; that the Company will need to acquire or develop new patents to continue to grow its business; that the Company requires investment to translate its intellectual property position into sustainable profit in the market; that the Company is dependent on the performance of its key officers and employees; that changes in patent legislation or in the interpretation or application of patent litigation could materially adversely affect the Company; and that the Company has and may make acquisitions of products, technologies or businesses which could materially adversely affect the Company. 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.

Contacts: Wi-LAN Inc. Steve Bower, CFO 1-613-688-4898 sbower@wi-lan.com www.wi-lan.com

Genoa Management Amir Nayeri 1-866-430-6247 info@genoa.ca www.genoa.ca

SOURCE:  Wi-LAN Inc.