Loon Lake is a First Nations settlement within the Loon Lake 235 Indian reserve in northern Alberta, Canada. It is located on the eastern shore of the lake, west of Highway 88. It has an elevation of 525 metres (1,722 ft).

Loon River First Nation Makwa Sipiy
Reserve / Settlement
Location of Loon Lake in Alberta
Coordinates: 56°32′15″N 115°23′30″W / 56.53745°N 115.39168°W / 56.53745; -115.39168
Country	Canada
Province	Alberta
Census division	No. 17
Government
• Type	Unincorporated
• Chief	Bernadette Noskiye
Elevation	525 m (1,722 ft)
Time zone	UTC−7 (MST)
• Summer (DST)	UTC−6 (MDT)
Website	http://loonriver.net

The settlement is located in census division No. 17 and in the federal riding of Fort McMurray-Athabasca. The settlement and the Indian reserve are part of the Loon River First Nation.