The Wallaceburg Thunderhawks have made the All-Ontario Final once since 1972, in 1999 they lost the Clarence Schmalz Cup to the Glanbrook Rangers.

In 2007-2008 The Lakers won the north division title and breezed past the Blenheim Blades in the first round 4-0.

The Lakers would then face their rivals from Essex the 3 time defending League champions.

The Lakers battled their hearts out right to the end but were no match for the 73's as Essex swept the finals in 4 games and claimed their 4th straight League Title.

On December 28, 2008, tragedy struck the Wallaceburg Lakers organization as they lost a valuable member of their team.