The lake is part of the Woody River Block of Porcupine Hills Provincial Park[2] and is situated in boreal forest[3] surrounded by hills, other small lakes, and muskeg.

[6] On the western shore of the lake, there is a small campground that is part of Porcupine Hills Provincial Park.

[7] Prior to the formation of Porcupine Hills Provincial Park in 2018, the park on Smallfish Lake was part of a provincial recreation site called Woody River Recreation Site.

On the lake's western shore there's a small campground with six campsites, a boat launch, fish cleaning station, and a picnic area.

[8][9] Fish commonly found in the lake include walleye, perch, and northern pike.