Constructed in 1983 by the Blair Athol Coal Project to supply water for the town of Clermont, Theresa Creek Dam has a surface area of around 300 hectares. The dam is a local fishing spot and is well stocked by the Clermont Fish Stocking Group. Currently present are Barramundi, Golden Perch, Eel-Tailed Catfish, Sleepy Cod, Silver Perch and Bony Bream. No fishing is permitted 200 meters above & 400 meters below the Theresa Creek Dam wall. There are no boating restrictions on Lake Theresa and a concrete boat ramp is provided.
Being located well inland, Theresa Creek is less affected by coastal south-easterly winds which makes for better fishing.

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