Schremp, 20, led the Ontario Hockey League with 145 points and tied for the league lead with 57 goals in just 57 games last season with the London Knights. The five-foot-11, 200-pound native of Syracuse, N.Y., recorded 154 goals and 230 assists in 247 games with the Knights and Mississauga Ice Dogs from 2002-06.
He was chosen by Edmonton in the first round (25th overall) of the 2004 NHL Draft.
Gilbert, 23, spent the past four seasons at the University of Wisconsin, where he recorded 89 points in 162 games with the Badgers.
He was traded to Edmonton with a sixth round pick for Tommy Salo on March 8, 2004.