In particular, there are more than 100 rock paintings on a cliff face at Fairy Point, depicting among other things Mishipeshu, caribou, bears, foxes, and canoes.

[4] In 1777, the Hudson's Bay Company (HBC) first set up a fur trade post, called Missinaibi House, on the lake near its outlet.

However, by 1913, the post was no longer profitable because the town of Peterbell was built to the north on the Missinaibi River along the Canadian Northern Railway.

At this time, many indigenous families began to leave Missinaibi Lake, and the post closed permanently in 1916, having its operations moved to Peterbell.

[4][6] In 1925, the Chapleau Crown Game Preserve was formed and remaining indigenous families at Missinaibi Lake were ordered to leave.

The camp, used to bring logs to a mill in Peterbell, has remnants of bunk houses, mess hall, blacksmith shop, and a stable, with artifacts scattered about.

[5] At the entrance to South Bay is Reva Island, an ancient indigenous burial site that has old-growth pine trees that may be up to 500 years old.