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A body, believed to be that of a 65-year-old man, has been found after a boat capsized off the coast of Queensland.
The yacht was about four nautical miles south of Lady Elliot Island, near Gladstone, when it sent out a distress call at 5am today.
Police believe the boat was traveling from Yeppoon to Brisbane with three passengers on board when it capsized.
Emergency services launched a search and rescue operation involving multiple vessels, police divers and a rescue helicopter.
A 62-year-old Yeppoon man and a 27-year-old Yeppoon man remain in a stable condition in Bundaberg Hospital after being airlifted to safety at 10.15am.
Just after 2pm, water police recovered what is believed to be the body of the 65-year-old man, who is from Yeppoon.
Police will prepare a report for the coroner and Queensland Marine Safety has been notified.
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