The lake was named by Captain Richards in 1860 for David Cameron, the first Chief Justice of Vancouver Island.

[1][2] The entire southern shore of the lake is incorporated in the Little Qualicum Falls Provincial Park[3] A popular folktale is that a train came crashing down the mountain from the Island Rail Corridor, this however is false.

Cryptozoology Club was not able to identify the source of earlier sightings of what may have been a large trout or something larger leading to speculation about some sort of sea serpent.

[4][5] In February 2016 researcher John Kirk and his team detected something big in the water, however, their underwater camera became detached.

Kirk speculates the mysterious lake creature could be a giant sturgeon, a huge eel or a massive salamander.