| 1 | Mark McGee (C ) | Vik Yanbastian | Chris Munro | Marco Massotti | Joey Bernardo | Dino Del Grosso | Costa A | Vince Perron (G) | Mike Habib | |
| 2 | Chris Therrien | Lorin Spevack | Dave Munro (C ) | Matt Baz | Fitz (S) | Ian Fuller | Wes Van Wyk | Jimmy Goral | Chris Callihoo (S) | |
| 3 | Rob Leblanc | Carlo Menniti | Charles Cimetier (G) | Andre Ouellette | Steve Carrier | Eric Bouchard | Dominic Carrier | Manny De Bastos | Darren Cregan | |
| 4 | Derek Williams (S) | Joe Periera | Oleh Kaluzny (S ) | Tim Beck (S) | John Hadge | Michel Grudz | Serge Day (G) | Neil M (C ) | Andrew Boa | |
| 5 | Claude Thibert | Joe Cipriano (G) | Myles Tustin | Chris Vafiadis (C,G) | Jeff Howells (C, G) | Hugues Lachance (S) | Donny (C ) | Alex Khodier | Norm Plouffe (C ) | |
| 6 | Martin Bellemare | Rob Tobgi (C ) | Frank Pampena | Mike Fortier | Tasso Adamacopoulos | Cliff Albert | Keith Lake | Eric Laniel | Joffrey Imbeault | |
| 7 | AJ | Gabe Fathala | Mike Gillis | Terry Comeau | George V | Howard Effros (G) | Mark Dasouza | Rob Stanfl (S) | Etienne Lefrancois | |
| 8 | Kevin Cordell | Eric Gaulin | Marco Bruno | Jack Ng | Kerwin Clarke | Giovanni Monti | Carlo Stea | Jeff Sarassian | Garry Douglas | |
| 9 | Randy Duniz (G) | Carlos Gomes | Martin Lacoste | John Leahy | DP | Martin Guerin | Asher Cohen (S) | Alain Richard | JF Berube | MAX SUB |
| 10 | Hambone | Steph Thibert (S) | Paul Miceli | Domenic A. | Big Al | John Dedario | Andreas Adam | Rob Pigas | Derek Climan | |
| 11 | Shawn Forrest | Vincent Paquette | Steve Kodsy | Brian Dauphinee | Emo Tsiri | Dennis De Marino | Patrick Grondin | Pierre Carpentier | Mike Bird | |
| 12 | Shawn Kasper | Mike Difruiscia | Robert Scandella | Massimo Grandillo | Laurent Cohen | Stefan Pfeiffer | Matt Gibson | Alain Gagnon | Francois Theroux (G) | MAX GOALIE |
| 13 | Vic Pons | Marc-Andre Mancuso | Daniel Pielch | Brian Bick | James Ouderkirk | Vijay Patel | Mike Hellfield | Bryce Arsenault | Pierre-Yves Gagne | |
| 14 | Drew Dorweiller | Lorne Kelton | Mehdi Khouri | Marvin Rieksind | Craig McDevitt | Jerry Holowko | Simon Carignan | Eric Sheffren | Jimmy Farelikas | RANDOM PICK OF LAST ROUND |
| | | | | | | | | | |
| Pons Stars trade Darren Cregan and Derek Climan to Beer Pressure for Rob Leblanc and Shawn Forrest | | | | | | | | | |
| Winter Blues trade Mike Bird and Jimmy Farilakis to Beer Pressure for Eric Gaulin et Marc-Andre Mancuso | | | | | | | | | |
| Bad Mix trade Lorin Spevack, Carlo Menniti and Steph Thibert to Winter Blues for Donnie Fitzpatrick, Tasso Adamacopoulos and George V. | | | | | | | | | |
