| ROUND: 1 | 2 | 3 | 4 | 5 | 6 | 7 | ||||||
| Round 5 | ||||||
| No. | Team | Player | Pos. | Last team | League | Nationality |
| 121. | N.Y. Islanders | Anton Klementyev | D | Yaroslavl | Russia Div. 2 | Russia |
| 122. | Pittsburgh | Alex Velischek | D | Morristown Delbarton | N.J. HS | USA |
| 123. | Colorado | Kieran Millan | G | Boston University | Hockey East | Canada |
| 124. | Atlanta | Cody Sol | D | Saginaw | OHL | Canada |
| 125. | Los Angeles | David Kolomatis | D | Owen Sound | OHL | USA |
| 126. | N.Y. Rangers | Roman Horak | C | Ceske Budejovice | Czech U20 | Czech |
| 127. | Toronto | Eric Knodel | D | Philadelphia | Pa. AAA | USA |
| 128. | Dallas | Tomas Vincour | C | Edmonton | WHL | Czech |
| 129. | Ottawa | Mike Hoffman | C | Drummondville | QMJHL | Canada |
| 130. | Carolina | Matt Kennedy | RW | Guelph | OHL | Canada |
| 131. | Nashville | Gabriel Bourque | LW | Baie-Comeau | QMJHL | Canada |
| 132. | Edmonton | Olivier Roy | G | Cape Breton | QMJHL | Canada |
| 133. | Buffalo | Mark Adams | C | Malden Catholic | Mass. HS | USA |
| 134. | Florida | Corban Knight | C | Okotoks | AJHL | Canada |
| 135. | Anaheim | Radoslav Illo | C | Tri-City | USHL | Slovakia |
| 136. | Columbus | Thomas Larkin | D | Phillips Exeter | N.H. HS | Italy |
| 137. | Florida | Wade Megan | C | South Kent | Conn. HS | USA |
| 138. | Montreal | Gabriel Dumont | C | Drummondville | QMJHL | Canada |
| 139. | N.Y. Rangers | Scott Stajcer | G | Owen Sound | OHL | Canada |
| 140. | Calgary | Spencer Bennett | LW | Surrey | BCHL | Canada |
| 141. | Philadelphia | Nicola Riopel | G | Moncton | QMJHL | Canada |
| 142. | Vancouver | Peter Andersson | D | Gothenburg | Sweden U20 | Sweden |
| 143. | New Jersey | Derek Rodwell | LW | Okotoks | AJHL | Canada |
| 144. | Washington | Brett Flemming | D | Mississauga | OHL | Canada |
| 145. | Ottawa | Jeff Costello | LW | Cedar Rapids | USHL | USA |
| 146. | San Jose | Phil Varone | C | London | OHL | Canada |
| 147. | Tampa Bay | Michael Zador | G | Oshawa | OHL | Canada |
| 148. | Chicago | Marcus Kruger | C | Stockholm | Sweden U20 | Sweden |
| 149. | Detroit | Nick Jensen | D | Green Bay | USHL | USA |
| 150. | Pittsburgh | Andy Bathgate | C | Belleville | OHL | Canada |
