The Spirit Chaser (1970)

Best friends Mike and Dylan must spend 24 hours and document their event in Malpaso Forest for a hefty amount of $10,000. Mike is a gambler who lost $5,000 in a bet but was given the opportunity for debt forgiveness and double his reward. Mike convinces Dylan to spend 24 hours in the Malposa Forest. What they find will be something they will soon not forget.