- Miquelon Lake is a birdwatcher's paradise. Over 200 species of birds can be found here. The park is designated as one of Canada's Important Bird Areas.
- During spring and fall migrations, ducks and waterfowl congregate regularly on the lake. Both trumpeter and tundra swans can be found alongside cinnamon teals, goldeneyes, and snow geese.
- Red-tailed hawks, northern harriers and goshawks circle the skies during the day. Nighthawks and owls prowl the night. The park is a nesting ground for Alberta's great horned owl.
- A wide variety of shorebirds call Miquelon Lake home.
- The park also features many songbird species including ovenbirds, pewees, grosbeaks, thrushes, finches and yellow warblers.
- Moose, deer, coyotes, weasels, snowshoe hare, squirrels and muskrats are commonly seen in the park.