UPDATE: Missing duck hunting protester found safe and well by off-duty officer

A woman believed to have been protesting the opening of duck hunting season in eastern Geelong who was reported missing has been found safe and well.

Search and Rescue Squad police were today searching for the 37-year-old Derrimut woman who had not been since around 10pm last night when she was spotted standing in the shallows of Lake Connewarre by a group of hunters and protesters.

The police Air Wing, local police and SES volunteers were involved in the search.

A Victoria Police spokeswoman said the woman was today found walking along Moolap Station Road by an off-duty police officer.

It is understood she had become lost but was assessed by paramedics at the scene as being fit and well.