Researchers at MacEwan University in Canada studied African Cichlids (Labidochromis caeruleus).
These fish demonstrate many complex behaviours, including aggression, causing the scientists to predict that they could be capable of advanced memory tasks.
Each fish was trained to enter a particular zone of the aquarium to receive a food reward, with each training session lasting twenty minutes. After three training days, the fish were given a 12 day rest period.
It was found that the cichlids showed a distinct preference for the area associated with the food reward, suggesting that they recalled the previous training experiences.
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Furthermore, the fish were able to reverse this association after further training sessions where the food reward was associated with a different stimulus.
For fish living in the wild, ability to associate locations with food could be vital for survival, researchers said.
"Fish that remember where food is located have an evolutionary advantage over those that do not," said lead scientist Dr Trevor Hamilton.
"Decreases in the availability of food would promote the survival of species that can remember the location of food sources," he said.
Hamilton's interest in African Cichlids was first inspired by reports from aquarium owners, including his colleague Erica Ingraham, a student at MacEwan University.
"There are many anecdotes about how smart these fish are. Some people even believe that their cichlids watch television with them," Hamilton said.
The researchers are now investigating whether the strength of fish memories are affected by environmental conditions or pharmacological drugs.