Queensland police have released new footage of their search for a woman who was lost for five days in a forest.

Yang Chen, who is from China and is studying in Australia, was hiking in Tallebudgera Valley with a friend when they got separated. Her friend later reported her disappearance and a search team including police officers, divers and locals combed the forest for her in heavy rain.

Police finally found her on Monday near a waterfall, and said she was in "good spirits" and appeared "quite well". She had survived by taking shelter in caves and drinking fresh water from creeks.