The Señorita Panamá 2001 Pageant ended with Justine Pasek being crowned the winner. She advanced to compete in the 2002 Miss Universe Pageant. Señorita Panamá World, Lourdes Cristina González Montenegro, was also crowned. She advanced to compete in the 2002 Miss World Pageant.
The remainder of the Top 5 included:
First runner-up: Carolina Troncoso Thayer
Second runner-up: Melissa Bocharel
Third runner-up: Karyn Sempf