Wi-LAN Inc.

Wi-LAN Inc.

December 22, 2006 10:51 ET

Wi-LAN Files Final Short Form Prospectus and Re-files Q3 Financial Statements and MD&A

OTTAWA, CANADA--(CCNMatthews - Dec. 21, 2006) - Wi-LAN (TSX:WIN) announced today that on December 21, 2006, it filed a final short form prospectus in connection with its previously announced $30 million bought deal financing. In connection with the financing, Wi-LAN also re-filed its financial statements and MD&A for the three and nine months ended July 31, 2006. The financial statements and MD&A have been updated to an effective date of December 21, 2006 by reporting on the subsequent events of signing a license with Nokia and the bought deal financing. The MD&A has also been updated to include a summary of Wi-LAN's current business and ongoing operations.

About Wi-LAN Inc.

Wi-LAN, which was founded in 1992, licenses intellectual property that drives a full range of products providing access to 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 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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