| Pool Team | Pick | Dropped | Team | Picked | Team |
| John P. | 1 | Artem Anisimov, F | NYR | Antoine Vermette, F | CBJ |
| John B. | 2 | Joffrey Lupul, F | ANA | Mason Raymond, F | VAN |
| Trevor | 3 | Ville Leino, F | DET | Todd Bertuzzi, F | DET |
| Peter | 4 | Brent Burns, D | MIN | Marc-Andre Bergeron, D | MTL |
| Stuart | 5 | David Booth, F | FLA | Martin Erat, F | NAS |
| Chris | 6 | Cory Stillman, F | FLA | Simon Gagne, F | PHI |
| Stacey | 7 | Ales Hemsky, F | EDM | R.J. Umberger, F | CBJ |
| Allan | 8 | Mikhail Grabovski, F | TOR | Matthew Lombardi, F | PHO |
| Ryan | 9 | Scott Clemmensen, G | FLA | Tuukka Rask, G | BOS |
| Larry | 10 | Ondrej Pavelec, G | ATL | Mathieu Garon, G | CBJ |
| Dale B. | 11 | PASS | |||
| Wes | 12 | Chris Campoli, D | OTT | Joni Pitkanen, D | CAR |
| Benson | 13 | Devin Setoguchi, F | SAN | Steve Sullivan, F | NAS |
| Clayton | 14 | Chris Kunitz, F | PIT | Brandon Dubinsky, F | NYR |
| Dale C. | 15 | Justin Williams, F | LOS | Niclas Bergfors, F | NJD |
| Wayne | 16 | Mike Smith, G | TAM | Cam Ward, G | CAR |
| Leon | 17 | David Moss, F | CAL | Chris Stewart, F | COL |
| Pool Team | Pick | Dropped | Team | Picked | Team |
| John P. | 18 | Niklas Kronwall, D | DET | Kurtis Foster, D | TAM |
| John B. | 19 | Nikolai Khabibulin, G | EDM | Antti Niemi, G | CHI |
| Trevor | 20 | Cam Barker, D | CHI | Mark Giordano, D | CAL |
| Peter | 21 | PASS | |||
| Stuart | 22 | Milan Lucic, F | BOS | Matt Duchene, F | COL |
| Chris | 23 | Teemu Selanne, F | ANA | Patric Hornqvist, F | NAS |
| Stacey | 24 | PASS | |||
| Allan | 25 | Milan Michalek, F | OTT | Valtteri Filppula, F | DET |
| Ryan | 26 | PASS | |||
| Larry | 27 | PASS | |||
| Dale B. | 28 | PASS | |||
| Wes | 29 | PASS | |||
| Benson | 30 | PASS | |||
| Clayton | 31 | Jonas Gustavsson, G | TOR | Dan Ellis, G | NAS |
| Dale C. | 32 | Jason Spezza, F | OTT | Brian Rolston, F | NJD |
| Wayne | 33 | PASS | |||
| Leon | 34 | PASS | |||