The lake is located 100 km (62 mi) northwest of Great Bear Lake in the Sahtu Region.

[3] The only community on the lake, Colville Lake, which is the Sahtu Dene village of 126 and is located on the southeast shore, along with Colville Lake/Tommy Kochon Aerodrome and Colville Lake Water Aerodrome.

Like the community it is named for Andrew Colvile.

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