The federal government will be working with the American government to develop a new management board for Lake of the Woods.
Foreign Affairs minister John Baird made the announcement this morning in Kenora on board the Grace Anne II.
The creation of the joint management board was one of the recommendations of the International Joint Commission.
The federal government was supposed to make its intentions known a month ago, but Baird says he was the reason behind the delay.
Baird adds that a summit will also be held in the next couple of years to compile and discuss some of the scientific data available for the lake.