The Portage Terriers were MJHL Champions, they moved on to conquer the Western Canadian Junior title, the Abbott Cup as well. Later that year, they went to Winnipeg, Manitoba to host and ultimately defeat the Ontario Hockey Association's Oshawa Generals to win the team's only Memorial Cup as Canadian Junior Hockey Champions.
Roster: Staff Sgt. Addie Bell (Coach), Joe Bell, Gordon Bell (Goal), Billy Gooden, Lin Bend, Jack MacDonald (Captain), Wally Stefaniw, Bobby Love, Oliver "Bud" Ritchie, Bill Heindl Sr., Jack O'Reilly, Joe Ledoux, Lloyd Smith and Don Campbell.
The 1942 Portage Terriers were inducted into the Manitoba Hockey Hall of Fame in the team category.