The body of a man believed to be one of a pair of fishermen missing in the Snowy Mountains has been found. 

Police launched a search late on Wednesday night when two men, both aged 73, did not return from a fishing trip in Lake Eucumbene, near Adaminaby. 

Crews from the NSW State Emergency Service, Westpac helicopter and NSW Marine Rescue later joined to help police with the search on the water and in nearby bushland. 

A man’s body has been located and police believe he is one of the missing fishers.

He has not yet been formally identified. 

The search is continuing for the other man.