Lake Panache is a lake

Lake

A lake is a body of relatively still fresh or salt water of considerable size, localized in a basin, that is surrounded by land. Lakes are inland and not part of the ocean and therefore are distinct from lagoons, and are larger and deeper than ponds. Lakes can be contrasted with rivers or streams,...

 in the Canadian

Canada

Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...

 province of Ontario

Ontario

Ontario is a province of Canada, located in east-central Canada. It is Canada's most populous province and second largest in total area. It is home to the nation's most populous city, Toronto, and the nation's capital, Ottawa....

. It is located in the Sudbury District

Sudbury District, Ontario

The Sudbury District is a district in Northeastern Ontario in the Canadian province of Ontario. It was created in 1894 from townships of eastern Algoma District and west Nipissing District....

, although a small portion of the lake lies within the southernmost city limits of Greater Sudbury, approximately 10 kilometres south of the community of Whitefish.

The lake's westernmost point lies within Foster township

Township (Canada)

The term township generally means the district or area associated with a town. However in some systems no town needs to be involved. The specific use of the term to describe political subdivisions has varied by country, usually to describe a local rural or semi-rural government within the county...

 near Espanola

Espanola, Ontario

Espanola is a town in Northern Ontario, Canada, and is the seat of Sudbury District. It is situated on the Spanish River, approximately 70 kilometres west of downtown Sudbury, and just south of the junction of Highway 6 and Highway 17.- History :The name "Espanola" has been attributed to a story...

, and its easternmost point lies within Bevin township south of Lively.

Its main water inflow and outflow is the Whitefish River system.