Spear Lake is 47.5 hectares with a maximum depth of 5 meters at full supply. Boat motors are limited to electric motor only. The Spear Lake basin was created in 1964, with the construction of a water control structure on Conjuring Creek, to provide a water source for the Town of Russell, Manitoba. The use of Spear Lake by the Town of Russell as a water source was discontinued in the early 1980s. At that time the Town of Russell Game and Fish, in conjunction with Manitoba Fisheries, worked to develop Spear Lake as a stocked trout waterbody. Rainbow trout were initially introduced to the lake in 1989 with the trout adapting well to the lake. In 2014, due to an unmanageable increase of non-salmonid species within the lake and significant declines in sport fishing stocks, the stocking of trout within the lake was discontinued. In 2017/2018 a joint effort was spearheaded by the Municipality of Russell-Binscarth and Russell Game and Fish to re-establish Spear Lake as a stocked trout waterbody.
Located 2 km southwest of Russell, MB off of Highway 83.