June 24, 2006 in Vancouver, BC. Broadcast in the US on OLN beginning at 3pm PT.
| Round | Pick | Overall | Comment | Player drafted |
| 1 | MON | 16 | Pick acquired from Montreal for 20th and 53rd picks | D Ty Wishart |
| 1 | SJ | 20 | Traded to Montreal for 16th pick. |
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| 2 | CBJ | 36 | From the Columbus for 85th, 113th, and the Sharks second round selection in 2007. | LW Jamie McGinn |
| 2 | SJ | 53 | Traded to Montreal for 16th pick. |
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| 3 | SJ | 83 | Traded to NY Rangers for Ville Nieminen 060308 |
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| 3 | PHI | 85 | Acquired from Philadelphia in exchange for Niko Dimitrakos 060309. Traded to Columbus for #36. |
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| 4 | 98 | BOS | Acquired from NYI for 108th and 173rd | D James Delory |
| 4 | TB | 108 | Acquired draft day 2005. Traded to NYI for 98th pick |
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| 4 | SJ | 113 | Traded to Columbus for 36th pick |
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| 5 | SJ | 143 | RW Ashton Rome | |
| 6 | COL | 171 | 6/1/06: trade rights to Vernace to Colorado for 6th round pick in either 2006 or 2007.
Sharks did not use this pick in 2006. |
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| 6 | SJ | 173 | Traded to NYI for 98th pick. |
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| 7 | ANA | 202 | Acquired draft day 2005 | LW John McCarthy |
| 7 | SJ | 203 | F Jay Barriball |
Draft day transactions:
Notes: Sharks can use pick 171st or select Colorado's 6th round pick next season.