A man has died and a woman was rescued after a boat capsized at Narooma on the NSW South Coast earlier today.

About 11.25am today, Wednesday 5 April, NSW emergency services were called to Narooma Bar, following reports a small boat had capsized attempting to enter the Bar with a man and a woman onboard.

A woman, believed to be aged in her 60s, was rescued from the water by a passing boat. She has been taken to Moruya Hospital for further treatment.

A man, believed to be aged in his 70s, was removed from the water by Marine Rescue personnel and taken to a nearby beach, where NSW Ambulance Paramedics performed CPR but were unable to revive him.

Officers from NSW South Coast Police District and the Marine Area Command have commenced an investigation into the circumstances surrounding the incident.

A report will be prepared for the information of the coroner.

NSW Police urge anyone with information about this incident to contact Crime Stoppers: 1800 333 000 or nsw.crimestoppers.com.au. Information is treated in strict confidence. The public is reminded not to report information via NSW Police social media pages.