However, in 1926, a 16 ft. deep canal was excavated to divert the lake water in the opposite direction to the Lyseng reservoir in the Battle River watershed, to serve the city of Camrose.

[citation needed] Today's Miquelon Lake Provincial Park is a popular recreation destination for families and locals from miles around.

It also serves as the southern anchor of protected lands that comprise the Beaver Hills biosphere, a UNESCO recognized area along with portions of Strathcona County, Beaver County, Cooking Lake Blackfoot Provincial Recreation Area and Elk Island National Park.

Miquelon Lake is also a part of the Beaver Hills Dark Sky Preserve and is designated as an international IBA (important bird area).

A colony of White Pelicans has re-established on one of the lake's many small islands in recent years and the parks biodiversity is flourishing.