Colonia Glacier (Spanish: Glaciar Colonia or Ventisquero Colonia) is a valley glacier located in the Northern Patagonian Ice Field, Chile. The glacier spills out to the southeast from an ice plateau north of Cerro Arenales and has its terminus about from Colonia Lake. Colonia Glacier dams two lakes; Cachet II and Arco Lake. The ice dam containing the waters of Cachet II Lake fails regularly, which generates glacial lake outburst floods.