Maria Jose Alvarado - recently crowned Miss Honduras - disappeared along with her sister Sofia just days before she was due to fly to London for the 2014 beauty pageant.
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The two sisters were sadly found dead earlier today, the BBC has reported.
Four people, including Sofia's boyfriend, have been arrested in connection to their deaths.
The head of the National Bureau of Criminal Investigation, Leandro Osorio, said that the two women's bodies had been found in Cablotales village, near the Aguagua River.
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"We are 100% sure that it's them," he said.
Mr Osorio said that a suspect had been detained, and that weapons and a car had been seized.
A "protected witness" had provided valuable information, the police chief added.
The two women were last seen alive in a car without a licence plate as they left a party on 13 November.
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According to a UN report, Honduras has the world's highest homicide rate, with 90.4 people being murdered per 100,000.
Our thoughts are with the parents of the two girls at this time.
Pictures from Miss World