Peter Pond Lake is a glacial lake in Saskatchewan, Canada. It is located in northwestern Saskatchewan in the Boreal Forest and Canadian Shield within the Churchill River drainage basin. It was on the fur trade route to the Methye Portage which connected eastern Canada to the MacKenzie River area. The lake is a long oval tending to the northwest. A peninsula which almost reaches the west shore divides it into Big Peter Pond (the northern two thirds) and Little Peter Pond. On the west side of Little Peter Pond a narrow isthmus separates it from Churchill Lake, the two forming a broad "V". The La Loche River, which drains Lac La Loche comes in from the north while the Dillon River, with the village of Dillon at its mouth, comes in from the west. The lake drains into Churchill Lake through the Kisis Channel at Buffalo Narrows, Saskatchewan.