July 30, 2005 in Ottawa (in Westin Hotel ballroom)
| Round | Pick | Overall | Comment | Player drafted |
| 1 | ATL | 8 | Traded #12, 49, 207 | DEVIN SETOGUCHI IHDB |
| 1 | SJ | 12 | Traded to Atlanta (later traded to NY Rangers) | - |
| 2 | CAL | 35 | Kiprusoff trade | Marc-Edouard Vlasic IHDB |
| 2 | SJ | 49 | Traded to Atlanta | - |
| 3 | SJ | 73 | Traded to Tampa Bay | - |
| 4 | SJ | 112 | own pick | ALEX STALOCK IHDB |
| 5 | SJ | 140 | compensatory (Damphousse) | Taylor Dakers IHDB |
| 5 | SJ | 141 | Trade to Anaheim | - |
| 5 | SJ | 149 | compensatory (Ricci) | DEREK JOSLIN IHDB |
| 5 | TB | 162 | Traded #73; also get fourth round 2006. Son of former Shark Paul Fenton. | PJ Fenton IHDB |
| 6 | SJ | 183 | own pick (2003 draft pick of Ottawa; re-entered draft) | William Colbert IHDB |
| 6 | ANA | 193 | Traded #141; also get seventh round 2006 | Tony Lucia IHDB |
| 7 | SJ | 207 | Traded to Atlanta | - |
Draft day transactions:
Notes: The Sharks were due to give Buffalo their 2005 9th round pick; the league gave the Sabres pick 227 in compensation.