The RCMP say a man drowned in the Seebe Dam area on Sunday and another is still missing.
They say three men were jumping from the banks into the water downstream of the Seebe Dam at about 4:30 p.m. MT.
One man managed to swim to safety.
However, RCMP say another man drowned and the search is still ongoing for the third man.
RCMP searched the area by boat on Monday.
The area is a well known cliff jumping spot.