Update - 1.15pm: The Coast Guard and RNLI have rescued eight people after their boat capsized off the Sligo coast.
Two of the men were taken to hospital following the incident which occured off Aughris Pier, east of Sligo town.
There was a May Day call to Malin Head Coast Guard at 11.25am this morning which reported that a boat from a local diving club had overturned.
One diver was airlifted to Sligo Hospital following the rescue and their condition is unknown.
The RNLI Sligo Bay lifeboat and the Killala Coastguard Lifeboat were called in to help while the Bundoran Lifeboat crew, who were on a training exercise in the area, were also called.More news: Dems Might Want To Consider Supporting House Health Bill
The Sligo Bay RNLI lifeboat was called out and managed to rescue seven members of the boat.
Rescue Helicopter 118 was in nearby Blacksod Bay as part of the search for the missing Coast Guard crew of Rescue 116.
One other person suffered minor injuries.
"In what has been a hard week with the loss of Rescue 116 and the ongoing search for her crew, this morning's callout shows that the professionalism and dedication of the search and rescue community remains unchanged", Murphy said.