Two men have spent 90 minutes in the water after their boat capsized near Jervis Bay.
Around 5pm yesterday, Emergency Services were called to waters between Bowan Island and Point Perpendicular.
Both men aged 31 had been fishing when a large wave hit their vessel and threw them into the water.
Some how they managed to contact triple zero with a mobile phone.
Officers from South Coast Police District along with Marine Rescue and the Toll ambulance helicopter retrieved the men from the water around 6.40pm.
Both were treated for mild hypothermia and some cuts and abrasions, before being taken to Shoalhaven Hospital.
The boat has not been found and its believed it may have sunk.
Neither man was wearing a life jacket when rescued.
Marine Rescue will be carrying out a search today to see if they can find the boat.
IMAGE CREDIT: Marine Rescue