| TEAM | PLAYER SELECTED | |
| 1 | Edmonton Endangered Species | Mario Lemieux |
| 2 | Phoenix Firehawks (from Orcas) | Ilya Kpvalchuk |
| 3 | London Lloggers (from Kodiaks) | Filip Kuba |
| 4 | London Lloggers | Jason Spezza |
| 5 | Minneapolis Colts | Martin Havlat |
| 6 | Regina Wheaties | Mike Comrie |
| 7 | KW Hosers | Lubo Visnovsky |
| 8 | Moose Jaw Whalers | Brad Richards |
| 9 | Springfield Filthpigs | Kyle Craig |
| 10 | St. Johns Maple Laffs | Brent Johnson |
| 11 | Washington Crapitals | Roman Czechmanek |
| 12 | New York Crushers | Dan Blackburn |
| 13 | Ottawa Orcas (from Harleys through Firehawks) | Shane Willis |
| 14 | Washington Crapitals (from Clambakers) | Justin Williams |
| 15 | Moose Factory Possums (from Crocodiles) | Stephen Weiss |
| 16 | Kitchener Snipers | Alex Khavanov |
| 17 | Florida Crocodiles (from Possums) | Stanislov Chistov |
| 18 | Ottawa Orcas (from Firehawks) | Karel Rachunek |
| 19 | Montreal Knights | Alex Svitov |
| 20 | Walla Walla Washington Fighting Lemmings | Mike Komisarek |
| 21 | Halifax Riptide (from Cougars) | Ville Nieminen |
| 22 | Regina WheatKings (From Riptide) | Ossi Vaananen |
| 23 | Edmonton Endangered Species (from Highlanders) | Stev Reinprecht |
| 24 | London Lloggers (from Bulldogs through Wheaties through Firehawks) | Lubo Sekeras |
| TEAM | PLAYER SELECTED | |
| 1 | St. Johns Maple Laffs (from Crocodiles through Species) | David Vyborny |
| 2 | Boston Clams (from Loggers through Orcas through Craps) | david Aebischer |
| 3 | London Lloggers (from Kodiaks) | Dan Hamhuis |
| 4 | London Lloggers | Mikko Koivu |
| 5 | London Lloggers (from Colts through Highlanders) | Chuck Kobasew |
| 6 | Minneapolis Colts | Bryce Salvador |
| 7 | KW Hosers | Frederik Sjostrom |
| 8 | Moose Jaw Whalers | Andrei Markov |
| 9 | Halifax Riptide (from Filthpigs) | Tuomo Ruutu |
| 10 | St. Johns Maple Laffs | Ruslan Fedetenko |
| 11 | London Lloggers (from Craps through Harleys) | Ales Hemsky |
| 12 | New York Crushers | Tomi Kallio |
| 13 | Edmonton Endangered Species (from Harleys) | Antti Laaksonen |
| 14 | Boston Clams (from Loggers through Clambakers) | Stephane Robidas |
| 15 | Boston Clams from Crocodiles | Denis Hamel |
| 16 | Quebec City Bulldogs (from Snipers) | Igor Knyazev |
| 17 | Walla Walla Washington Fighting Lemmings (from Possums) | Josef Vasciek |
| 18 | Moose Factory Possums from Crocodiles through Firehawks through Orcas through Harleys) | Marty Turco |
| 19 | Edmonton Endangered Species (from Knights) | Marcus Nilson |
| 20 | Walla Walla Washington Fighting Lemmings | Scott Hannan |
| 21 | Walla Walla Washington Fighting Lemmings (from Cougars) | Milan Hnilicka |
| 22 | Florida Crocodiles (from Laffs through Riptide) | Pascal Leclaire |
| 23 | Halifax Fighting Harleys (From Highanders) | Johan Hedberg |
| 24 | Moose Factory Possums (from Bulldogs through Wheaties through Laffs) | Toni Lydman |
| TEAM | PLAYER SELECTED | |
| 1 | Edmonton Endangered Species | Tomas Kloucek |
| 2 | Regina Wheaties from Firehawks through Orcas) | Brent Sopel |
| 3 | Regina Wheaties (from Kodiaks) | Colin White |
| 4 | London Lloggers | Daniel Corso |
| 5 | Minneapolis Colts | Willie Mitchell |
| 6 | St. Johns Maple Laffs (from Wheaties through Bulldogs) | Petteri Nummelin |
| 7 | KW Hosers | Chris Nielsen |
| 8 | Moose Jaw Whalers | Eric Belanger |
| 9 | Springfield Filthpigs | Wes Walz |
| 10 | Halifax Riptide (from Laffs) | Ladislav Nagy |
| 11 | New York Crushers (from Craps) | Cameron Stewart |
| 12 | Regina Wheaties (from Crushers through Crocs through Harleys) | Denis Arkhipov |
| 13 | Ottawa Orcas (from Harleys) | Alexander Kharitonov |
| 14 | Boston Clambakers | Shawn Horcoff |
| 15 | London Lloggers (from Crocs through Harleys through Highlanders) | Dan Boyle |
| 16 | Florida Crocodiles (from Snipers) | Kristian Kudroc |
| 17 | St. Johns Maple Laffs (from Possums) | Marian Cisar |
| 18 | Phoenix Firehawks | Dan Hinote |
| 19 | Montreal Knights | Jean-Luc Grand-Pierre |
| 20 | Edmonton Endangered Species (from Snipers throughLemmings) | Shane Hnidy |
| 21 | London Loggers (from Orcas through Cougars) | Ladislav Benisyek |
| 22 | Minneapolis Colts (from Riptide) | Richard Linter |
| 23 | Boston Clambakers (from Highlanders through Craps) | Serge Aubin |
| 24 | Quebec City Bulldogs | Ronald Petrovicky |
| TEAM | PLAYER SELECTED | |
| 1 | Edmonton Endangered Species | Chris Herperger |
| 2 | London Loggers (from Orcas) | Jarno Kultanen |
| 3 | Ottawa Orcas (from Highlanders through Kodiaks) | Andreas Karlson |
| 4 | Washington Crapitals (from Lloggers) | Steve Poapst |
| 5 | Minneapolis Colts) | Roman Simicek |
| 6 | Regina Wheaties | Niclas Wallin |
| 7 | KW Hosers | Mark Smith |
| 8 | Moose Jaw Whalers | Jeff Cowan |
| 9 | Springfield Filthpigs | Aris Brimanis |
| 10 | Edmonton Endangered Species (from Crocodiles through Laffs) | Dominic Pitis |
| 11 | Washington Crapitals | Ricard Persson |
| 12 | New York Crushers | Aaron Asham |
| 13 | Ottawa Orcas (from Harleys) | Andy Sutton |
| 14 | Walla Walla Washington Fighting Lemmings (from Clams) | Samuel Phalsson |
| 15 | Florida Crocodiles | Petr Tenkrat |
| 16 | London Lloggers (from Snipers) | Herbert Vasiljevs |
| 17 | Florida Crocodiles (from Possums) | John Emmons |
| 18 | Montreal West Highlanders (from Possums through Firehawks) | Wyatt Smith |
| 19 | Montreal Knights | sami Helenius |
| 20 | Walla Walla Washington Fighting Lemmings | Dwayne Hay |
| 21 | Upper Canada Cougars | Eric Landry |
| 22 | Halifax Riptide | Dan Lacouture |
| 23 | Edmonton Endangered Species (from Highlanders) | Serge Payer |
| 24 | Quebec City Bulldogs | Todd Fedoruk |
| NOTE: | If Moose Factory acquires a 3rd rd pick it is assigned to the Lemmings if not a 3rd and 4th rounder in the Year 7 draft become Lemmings property (if more than one pick is available in any of these rounds the better pick becomes Lemmings property) |