Police are currently searching Lake Mulwala following a boating incident in Yarrawonga this morning.
Police have been told two 16-year-old boys went fishing in a tinny at the lake on Silverwoods Boulevard just before 9am.
It is believed the boys were hit by a wave and fell overboard into the water.
Two men saw the boys in trouble and swam to their aid and managed to pull one of the boys to shore.
The men returned to the area and were unable to find the second boy.
Search and Rescue officers are currently searching the lake with the assistance of Airwing, SES, and police divers.
The boy is yet to be located and the search continues.
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