Emergency services were alerted at approximately 10:40 am, prompting a search for one individual believed to be missing in the water.
A helicopter supported the aerial search, while volunteers and rescue vessels from Coastguard Bluff and Coastguard Dunedin assisted in searching the water.
Tragically, a body, believed to be that of the person who went overboard, was discovered on a nearby beach.
A second individual from the boat was found on some nearby rocks and has been brought to shore, along with a dog.
The boat has been recovered from the water.
Police have said that they would like to express their gratitude to the volunteers and members of the public who assisted in today’s rescue efforts.
As of 5PM today (20 August 2024), Police have released the name of the person who died after a vessel capsized on the Jacks Bay Bar on Saturday 17 August.
He was Gareth James Pearson, 54, of Toko Mouth, Clutha.
Police extend our sympathies to his family at this difficult time.