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Both men were arrested Aug. 13.
Staff Sgt. Colin Chisholm said Tuesday that the three accused were known to Smith and that no other suspects are being sought.
“We don’t anticipate laying further charges, but if information was to come forward we’d obviously look at that,” he told reporters.
Smith’s family last month issued a tearful appeal for information on the whereabouts of his body.
“Never did we think that something like this could ever destroy our lives forever. Our amazing son is gone just like that,” Shirley Smith said of her son during a news conference.
“The accused has hidden our beautiful son from us. We know others are keeping the secret of where Shane is. We are here to beg you, plead with you, to please, please let us lay our son to rest.”
Chisholm said the search for Smith’s body is focused on the Bow River south of Seton Boulevard S.E., near where his car was located.
The gold 2002 Nissan Maxima was found parked near a bridge over the Bow on Deerfoot Trail S.E. Police believe it was driven there sometime between 11 p.m. on June 6 and the morning of June 9.
“Finding Shane’s remains will go a long way to alleviating some of the grief the Smith family is going through,” said Chisholm.
Anyone with information is asked to call the Calgary Police Service non-emergency line at 403-266-1234, or the Homicide Tip Line at 403-428-8877. Tips also can be left anonymously by contacting Crime Stoppers.