It is part of a series of connected lakes that flow south into the Churchill River drainage system.

Just north of Wasekamio Lake is the Clearwater River that flows west to the Athabasca River.

[1][2] The lake's fish species include: walleye, sauger, yellow perch, northern pike, lake trout, lake whitefish, cisco, white sucker, longnose sucker, and burbot.

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