KEY POINTS:
Rescue services are searching the inner Hauraki gulf for a man who is missing following a boating accident last night.
A 5 metre fibreglass boat with two men aboard is believed to have sunk about an hour before dark.
The alarm was raised at about 8.30am today when one of the men was found alive on Browns Island. There has been no sign of the second man.
The missing man is believed to be in his forties and was wearing an orange lifejacket.
The rescued man has been picked up by the Police Launch Deodar III and is said to be "cold but uninjured".
Police and Coastguard boats, along with helicopters from the Police Air Support Unit and Westpac Rescue are involved in the search.
The Coastguard is asking boaties to report any sightings of debris in the area.
- NZ HERALD STAFF