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| § | Record cash revenues of $16.5 million, an increase of 65% as compared to $10.0 million in the three month period ended April 30, 2009. |
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| § | Pro forma earnings* of $7.7 million, or 7 cents per share, as compared to pro forma earnings of $3.3 million, or 4 cents per share, in the three month period ended April 30, 2009. |
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| § | GAAP net earnings of $1.1 million, or 1 cent per share, as compared to a GAAP net loss of $1.0 million, or 1 cent per share, in the three month period ended April 30, 2009. |
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| § | Signed license agreements with 9 companies during the quarter including 6 for wireless technologies, 2 for V-Chip and 1 for wireline. |
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| § | Generated $5.1 million in cash from operations; increased cash and short-term equivalents to $97.0 million at quarter end. |
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| § | Declared an eligible dividend of 1.25 cents per common share. |
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| § | Increased fiscal 2010 revenue and pro forma earnings guidance. |
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|   | · | To access the call from Canada and U.S., dial 1.877.407.0778 (Toll Free) |
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|   | · | Account #: 286 |
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| For more information, | Tyler Burns                  | 11 Holland Avenue, Suite 608, Ottawa, ON K1Y 4S1 |
|-----------------------|------------------------------|--------------------------------------------------|
| visit www.wilan.com   | Director, Investor Relations | Tel: O: 613.688.4330 C: 613.697.0367             |
| or please contact     | & Communications         | Email:  tburns@wilan.com               |

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|                                        |   | Three Months         |        |   | Three Months         |   |
|---------------------------------------------|--------|---------------------------|-------------|--------|---------------------------|--------|
|                                   |   | Ended March 31, |        |   | Ended April 30, |   |
|                                        |   | 2010                      |        |   | 2009                      |   |
|                                        |   |                      |        |   |                      |   |
| Revenues                                    |   |                      |        |   |                      |   |
| Royalties                                   |   | $                         | 13,917      |   |                      | $      | 10,012 |   |
| Brokerage                                   |   |                      | 2,546       |   |                      |   | - |   |
|                                        |   |                      | 16,463      |   |                      |   | 10,012 |   |
| Operating expenses                          |   |                      |        |   |                      |   |   |   |
| Patent licensing                            |   |                      | 2,218       |   |                      |   | 980 |   |
| Litigation                                  |   |                      | 4,001       |   |                      |   | 4,092 |   |
| Research and development                    |   |                      | 906         |   |                      |   | 728 |   |
| General and administration                  |   |                      | 1,773       |   |                      |   | 2,175 |   |
| Unrealized foreign exchange gain            |   |                      | (180        | )      |                      |   | (299 | ) |
| Stock-based compensation                    |   |                      | 643         |   |                      |   | 504 |   |
| Depreciation & amortization             |   |                      | 5,258       |   |                      |   | 4,182 |   |
| Total operating expenses                    |   |                      | 14,619      |   |                      |   | 12,362 |   |
| Investment income                           |   |                      | 165         |   |                      |   | 1,238 |   |
| Earnings (loss) before income taxes         |   |                      | 2,009       |   |                      |   | (1,112 | ) |
|                                        |   |                      |        |   |                      |   |   |   |
| Provision for income tax expense (recovery) |   |                      | 868         |   |                      |   | (83 | ) |
| Net and comprehensive earnings (loss)       |   |                      | 1,141       |   |                      |   | (1,029 | ) |
|                                        |   |                      |        |   |                      |   |   |   |
| Deficit, beginning of period                |   |                      | (4,102      | )      |                      |   | (150,996 | ) |
| Dividends                                   |   |                      | (2,303      | )      |                      |   | - |   |
| Reduction of stated capital                 |   |                      | -           |   |                      |   | 147,161 |   |
| Deficit, end of period                      |   | $                         | (5,264      | )      |                      | $      | (4,864 | ) |
|                                        |   |                      |        |   |                      |   |   |   |
| Earnings (loss) per share                   |   |                      |        |   |                      |   |   |   |
| Basic                                       |   | $                         | 0.01        |   |                      | $      | (0.01 | ) |
| Diluted                                     |   | $                         | 0.01        |   |                      | $      | (0.01 | ) |
|                                        |   |                      |        |   |                      |   |   |   |
| Weighted average number of common shares    |   |                      |        |   |                      |   |   |   |
| Basic                                       |   |                      | 102,122,809 |   |                      |   | 92,837,506 |   |
| Diluted                                     |   |                      | 103,603,458 |   |                      |   | 92,837,506 |   |

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|                                     |   | As at March 31, |    |   | As at December 31, |   |
|------------------------------------------|--------|--------------------------------|---------|--------|-----------------------------------|--------|
|                                     |   | 2010                           |    |   | 2009                              |   |
| Assets                                   |   |                           |    |   |                              |   |
| Current assets                           |   |                           |    |   |                              |   |
| Cash and cash equivalents                |   | $                              | 70,195  |   |                              | $      | 72,763 |   |
| Short-term investments                   |   |                           | 26,834  |   |                              |   | 22,025 |   |
| Accounts receivable                      |   |                           | 407     |   |                              |   | 485 |   |
| Prepaid expenses and deposits            |   |                           | 404     |   |                              |   | 149 |   |
| Assets held for sale                     |   |                           | 2,188   |   |                              |   | 2,188 |   |
| Current assets                           |   |                           | 100,028 |   |                              |   | 97,610 |   |
|                                     |   |                           |    |   |                              |   |   |   |
| Furniture and equipment, net             |   |                           | 651     |   |                              |   | 703 |   |
| Patents and other intangibles, net       |   |                           | 139,188 |   |                              |   | 141,132 |   |
| Goodwill                                 |   |                           | 13,449  |   |                              |   | 13,449 |   |
| Assets                                   |   | $                              | 253,316 |   |                              | $      | 252,894 |   |
|                                     |   |                           |    |   |                              |   |   |   |
| Liabilities and Shareholders' equity     |   |                           |    |   |                              |   |   |   |
| Current liabilities                      |   |                           |    |   |                              |   |   |   |
| Accounts payable and accrued liabilities |   | $                              | 12,486  |   |                              | $      | 11,774 |   |
| Current liabilities                      |   |                           | 12,486  |   |                              |   | 11,774 |   |
|                                     |   |                           |    |   |                              |   |   |   |
| Liabilities                              |   |                           | 12,486  |   |                              |   | 11,774 |   |
|                                     |   |                           |    |   |                              |   |   |   |
| Shareholders' equity                     |   |                           |    |   |                              |   |   |   |
| Common shares                            |   |                           | 229,046 |   |                              |   | 228,421 |   |
| Contributed surplus                      |   |                           | 17,048  |   |                              |   | 16,801 |   |
| Retained deficit                         |   |                           | (5,264  | )      |                              |   | (4,102 | ) |
| Shareholders' equity                     |   |                           | 240,830 |   |                              |   | 241,120 |   |
| Liabilities and Shareholders' equity     |   | $                              | 253,316 |   |                              | $      | 252,894 |   |

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|                                                     |   | Three Months         |   |   | Three Months         |   |
|----------------------------------------------------------|--------|---------------------------|--------|--------|---------------------------|--------|
|                                                |   | ended March 31, |   |   | ended April 30, |   |
|                                                     |   | 2010                      |   |   | 2009                      |   |
|                                                     |   |                      |   |   |                      |   |
| Cash generated from (used in)                            |   |                      |   |   |                      |   |
| Operations                                               |   |                      |   |   |                      |   |
| Net and comprehensive earnings (loss)                    |   | $                         | 1,141  |   |                      | $      | (1,029 | ) |
| Non-cash items                                           |   |                      |   |   |                      |   |   |   |
| Stock-based compensation                                 |   |                      | 643    |   |                      |   | 504 |   |
| Depreciation & amortization                          |   |                      | 5,258  |   |                      |   | 4,182 |   |
| Provision for income tax recovery                        |   |                      | -      |   |                      |   | (604 | ) |
|                                                     |   |                      | 7,042  |   |                      |   | 3,053 |   |
| Change in non-cash working capital balances              |   |                      |   |   |                      |   |   |   |
| Accounts receivable                                      |   |                      | 78     |   |                      |   | 589 |   |
| Prepaid expenses and deposits                            |   |                      | (255   | )      |                      |   | 32 |   |
| Net assets held for sale                                 |   |                      | -      |   |                      |   | - |   |
| Accounts payable and accrued liabilities                 |   |                      | (1,779 | )      |                      |   | 9,056 |   |
| Cash generated from operations                           |   |                      | 5,086  |   |                      |   | 12,730 |   |
| Financing                                                |   |                      |   |   |                      |   |   |   |
| Common shares repurchased in Normal Course Issuer Bid    |   |                      | -      |   |                      |   | (279 | ) |
| Common shares issued for cash on the exercise of options |   |                      | 417    |   |                      |   | 21 |   |
| Cash generated from (used in) financing                  |   |                      | 417    |   |                      |   | (258 | ) |
| Investing                                                |   |                      |   |   |                      |   |   |   |
| Purchase of short-term investments                       |   |                      | (4,809 | )      |                      |   | (28,814 | ) |
| Purchase of furniture and equipment                      |   |                      | (114   | )      |                      |   | (126 | ) |
| Purchase of patents                                      |   |                      | (3,148 | )      |                      |   | (13,123 | ) |
| Cash used in investing                                   |   |                      | (8,071 | )      |                      |   | (42,063 | ) |
|                                                     |   |                      |   |   |                      |   |   |   |
| Net cash and cash equivalents used in the period         |   |                      | (2,568 | )      |                      |   | (29,591 | ) |
| Cash and cash equivalents, beginning of period           |   |                      | 72,763 |   |                      |   | 99,353 |   |
| Cash and cash equivalents, end of period                 |   | $                         | 70,195 |   |                      | $      | 69,762 |   |

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