The Wabigoon Lake reserve was first laid out in 1884 and was confirmed by the Ontario government in 1915. Members of the Wabigoon Band of Saulteaux living on the western portion of the Indian Reserve moved away and formed the Eagle Lake First Nation. Those living on the eastern portion of the Reserve officially changed its name to Wabigoon Lake Ojibway Nation on August 7, 1987.
The First Nation elect their officials through the Act Electoral System, consisting of a Chief and three councillors. The current Chief is Paul Watts, whose two-year term began on September 18th, 2013. The three councillors are Lana Kooshet, William Parentau and Clayton Wetelainen.