"They were located cold tired and exhausted by SAR staff and a rescue dog," Read said.
"This morning the men have been taken to a nearby Department of Conservation hut - Dundas Hut, where further assistance has been given to them, such as food and dry clothing. "
They had been assessed medically and appeared to be in good condition.
Another assessment was made during the night on their physical condition and the forecasted weather, and as a result, the plan is to use further assistance from the NZDF squadron to airlift them from the ranges. However, the weather has not been ideal and this is yet to happen.
Police said beacons could be "a lifesaving tool" as emergency services would be aware that something had happened much faster if people got injured or lost, which they did in this case.
"These beacons don't have to be purchased, they can be hired out on a day-by-day basis."