Two fishermen were rescued when their fishing boat sank south of Toraigh off the coast of Donegal this morning.

The 10m vessel, The Silver Rose, issued a may day shortly before 6am and Malin Head Coast Guard responded.

The Coast Guard Rescue 118 helicopter and the Árainn Mhór Lifeboat were tasked to the scene.

However, another local fishing boat, Ailbhe Marie, which was in the vicinity and also responded to the alert located the two crewmen who were on a life raft.

They took the men ashore to Machaire Rabhartaigh where they were met by members of the Bunbeg Coast Guard shore unit.

It is understood the men did not require any medical attention.

Their fishing boat sank about a half a mile south of the island.

Nora Flanagan of Árainn Mhór Lifeboat described the rescue as having "a fantastic outcome".

Speaking to RTÉ's News at One, Ms Flanagan said: "Árainn Mhór Lifeboat was called out at 6.15am this morning to a boat that got into difficulty on the rocks at Tory Island with two people on board.

"The two people on board got into their life rafts and were subsequently picked up by a fishing boat, which was in the area at the time and the lifeboat was actually stood down on hearing that the men had been rescued and returned to the station at Árainn Mhór, so thankfully it's a great outcome that people were rescued and are safe and well. It's really good news and we're so pleased to hear that."