Three people were lucky to escape injury after their boat sank off Barwon Heads on 9 May.
The trio - a 37-year-old from Northcote, 41-year-old from Northcote and 29-year-old - launched a 5.5m fibreglass boat from the Ocean Grove boat ramp about 7am.
After a day of fishing, the men were attempting to return to shore when their boat overturned about 7.20pm.
All three men, only one of which was wearing a life jacket, were thrown into the water.
The skipper managed to contact a family member for assistance who then contacted emergency services.
The police Air Wing spotted the overturned boat about 8pm, guiding Life Saving Victoria volunteers to their location and pulling them from the water.
All three were taken to hospital for observation.
Water Police will investigate the circumstances surrounding the incident.
