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Rich Valley is a hamlet located in northern Alberta, Canada. It is part of the Municipal District of Lesser Slave River No. 124 and is situated approximately 50 kilometers northeast of the town of Slave Lake. Rich Valley is a small community with a population of around 150 people. The area is known for its scenic beauty, outdoor recreational activities, and proximity to Lesser Slave Lake, which is a popular destination for fishing, boating, and other water sports. The economy of Rich Valley is largely based on agriculture, forestry, and tourism.