Sasquatch is a folkloric beast thought by some to roam the forests, particularly in the Pacific Northwest.
The two men were found in a heavily wooded area of the Gifford Pinchot National Forest, which is about 150 miles (240 kilometers) northeast of Portland.
A family member reported them missing at around 1 a.m. on Christmas Day after they failed to return from a Christmas Eve outing.
Sixty volunteer search-and-rescue personnel helped in the three-day search, including canine, drone and ground teams. The Coast Guard used infrared technology to search from the air.
Authorities used camera recordings to locate the vehicle used by the pair off Oklahoma Road near Willard, which is on the southern border of the national forest.