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A man in his early 60s, travelling with four other North Island hunters, slipped and could not move without pain after injuring his leg and groin in the Pike River area on Wednesday.
The man's companions used a satellite radio to call for his rescue yesterday about 10am.
He was flown by helicopter directly to the Lakes District Hospital, Queenstown, for treatment.
Senior Constable Alan Johnston, of Te Anau, said just as police search and rescuers returned, they were called out again yesterday to rescue a 57-year-old Australian fisherman from the Waiau River at 1pm.
The man had slipped on a rock and broken his ankle.
He was transferred at the Southern Lakes Helicopters hangar to a St John ambulance and taken to Southland Hospital.