Monroe County Sheriff Cecil Cantrell said Peggy Hall admitted to being present when William Phillips was reportedly murdered by another man.
Phillips, of Amory, was last seen on June 4, 2011.
Hall will be arraigned Wednesday and charged with attempted murder.
Cantrell said his team had been searching for Phillips’ body for the past two days and used K-9 officers. Bones and a shoe were found and are being analyzed.
Phillips was reportedly stabbed in the stomach and his body dragged into the woods. After 40 to 45 minutes, Cantrell said Hall and the alleged killer retrieved the body and dumped it in the Horseshoe Bend area.
“She showed us where he [the other man] threw the knife,” Cantrell said. “She was there, she was a witness, we know who the murderer is, the case is 99 percent solved. Right now we’re collecting evidence and getting the case together.”
Cantrell said he wanted the public to be aware that there would be another arrest in this case.
“We’ve made a tremendous effort to find [Phillips’] body,” Cantrell said. “We may never find it but we’re not going to quit until we do.”