As was the case in the 1963 Draft, amateur players turning 17 years of age between August 1, 1964 and July 31, 1965 were eligible, if they were not already sponsored by an NHL club.
The order of the draft followed the agreement reached in 1963, where the order was fixed as Red Wings, Bruins, Rangers, Black Hawks, Maple Leafs and Canadiens. Once again each team received four picks, each team having the right to forfeit their selection and pass it to the next team in the order. All picks were exercised this year.
Diamond, Dan; Duplacey, James; Dinger, Ralph; Kuperman, Igor; Zweig, Eric (1998). Total Hockey. New York: Total Sports Publishing, p. 286. ISBN 0-8362-7114-9.