Jay Wilcox

HAES & High Arctic OHC presentation at Schachter Catch the Energy Conference 2024 HAES & HAOHC 2024 Catch the Energy

CALGARY, Alberta – August 14, 2024, High Arctic Energy Services Inc. (TSX: HWO) (the “Corporation” or “High Arctic”) has released its’ second quarter financial and operating results. The unaudited consolidated financial statements, management discussion & analysis (“MD&A”), for the three and six months ended June 30, 2024 will be available on SEDAR+ at www.sedarplus.ca, and on High Arctic’s website at www.haes.ca. All amounts are denominated in Canadian dollars (“CAD”), unless otherwise indicated. Completion of Reorganization On June 17, 2024, the Corporation held its Annual and Special General Meeting where the Corporation’s shareholders approved, amongst other things, a special resolution approving a reorganization of the Corporation by way of a plan of arrangement (the “Arrangement”) and a return of capital of up to $0.76 per common share of High Arctic (the “Return of Capital”). Pursuant to the reorganization of the Corporation, the PNG business was spun out to the current High Arctic shareholders through a new publicly listed entity High Arctic Overseas Holdings Corp. (“SpinCo”) that will trade on the TSX Venture Exchange under the trading symbol HOH. On June 27, 2024, the Corporation received a final order approving the Arrangement from the Alberta Court of King’s Bench, and the Return of Capital was distributed to shareholders on July 17, 2024. On August 1, 2024, the Corporation was able to fulfill the last major condition in the Arrangement which was the receipt of conditional approval from the TSX Venture Exchange to have the SpinCo shares trade on its exchange. All other terms and conditions to the Arrangement were satisfied subsequent to receipt of conditional approval from the TSX Venture Exchange and the Arrangement was completed on August 12, 2024 and the final approval from the TSX and TSX Venture exchange was received on August 14, 2024. The shares of SpinCo are expected to commence trading on the TSX Venture Exchange on or about August 16, 2024. Pursuant to the Arrangement, each shareholder of High Arctic received one-quarter of one (1/4) common share of SpinCo and one-quarter of one (1/4) common share of post-Arrangement High Arctic for each common share of High Arctic held. As a result of the Arrangement, each shareholder continues to own its pro rata portion of both SpinCo and post-Arrangement High Arctic. SpinCo’s now stand-alone PNG business begins with intact senior leadership and management, a new and independent Board of Directors , a separate stock exchange listing, a strong capital structure, no long-term debt and positive working capital of approximately US$19 million, including US$13 million in cash. Mike Maguire, Chief Executive Officer commented: “Our businesses in both Canada and PNG have performed well in the first half of 2024, setting up both High Arctic and SpinCo with strong financial positions for the commencement of trading as independently listed companies. I am very pleased to have completed the strategic re-organization of the Corporation and excited to be on the precipice of a new chapter in the High Arctic story as the two entities commence separate trading later this week. Both High Arctic and SpinCo have no net debt and access to cash at bank to finance budgeted activities and provide a platform for growth for each business to realize its potential and maximize value for their shareholders. In Canada the performance of our rental business in the first half of 2024 is in-line with our pre-transaction expectations following the acquisition and integration of Delta Rental Services. Having a cash positive business, when adjusted for re-organization costs, positions High Arctic as an attractive vehicle for future growth and transactions. In PNG Rig 103 completed services and was stacked at the forward base in the Southern Highlands, as expected. We anticipate a period of modest activity, through our rentals and manpower provision, as we await significant strategic decisions on major project advancement now expected in 2025.” Additional Information Pertaining to the Reorganization The Corporation has received final approval today to list the post-Arrangement common shares of High Arctic (the “New High Arctic Common Shares”) on the Toronto Stock Exchange (“TSX”). The existing common shares are expected to be delisted from the TSX as of the close of business on August 15, 2024. The New High Arctic Common Shares are expected to commence trading on the TSX at the market opening on August 16, 2024 and the CUSIP number for the New High Arctic Shares will be “42964L109”. Pursuant to the completion of the Reorganization the Corporation has today terminated its normal course issuer bid arrangement which has been in place since December 13, 2023. With the completion of the reorganization and in accordance with the Arrangement, the Corporation is obliged for Canadian taxation compliance purposes to determine the fair market value of the SpinCo shares. The Corporation and SpinCo have begun the valuation process to determine the fair market value for SpinCo and expects to provide the fair market value of the SpinCo shares to shareholders prior to November 2024. 240814 HAES – Q2 2024 Results

CALGARY, Alberta – August 12, 2024 – High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Corporation”) is pleased to announced that it has completed its previously-announced reorganization of High Arctic to separate the Corporation’s North American and Papua New Guinea businesses, by way of a court-approved plan of arrangement (the “Arrangement”) between the Corporation and High Arctic Overseas Holdings Corp. (“SpinCo”). Pursuant to the Arrangement, among other things: • High Arctic transferred all of the outstanding ordinary shares of High Arctic Energy Services Cyprus Limited, the subsidiary that owns and operates the Corporation’s Papua New Guinea focused energy services business, to SpinCo; • each shareholder of the Corporation (“Shareholder”) received as consideration, one-quarter of one (1/4) common share of SpinCo (“SpinCo Common Share”) and one-quarter of one (1/4) common share of post-Arrangement High Arctic (the “New High Arctic Common Share”) for each common share of High Arctic (“Common Share”) held; •SpinCo became a reporting issuer in Alberta, British Columbia, Manitoba, Ontario, Saskatchewan and will be listed on the TSX Venture Exchange (“TSXV”) and will trade under the trading symbol “HOH”; and • High Arctic retained its interests in its existing North American energy services business and remains listed on the Toronto Stock Exchange (“TSX”) and continues to trade under the trading symbol “HWO”. The Corporation has received conditional approval to list the New High Arctic Common Shares on the TSX and conditional approval to list the SpinCo Common Shares on the TSXV. Final listing approval will be subject to the Corporation and SpinCo satisfying all of the listing conditions of the TSX and the TSXV, respectively. The Corporation will announce by way of a further press release the date on which trading of the New High Arctic Shares and SpinCo Common Shares will commence, which is expected to be by the end of this week. Following the completion of the Arrangement, High Arctic has 12,448,166 New High Arctic Common Shares outstanding and SpinCo has 12,448,166 SpinCo Common Shares outstanding. Further details regarding SpinCo are contained in SpinCo’s TSXV Form 2B Listing Application, which will be available under SpinCo’s profile on SEDAR+ at www.sedarplus.ca. Shareholders that hold their Common Shares through an intermediary (i.e., broker) will receive the consideration payable to them pursuant to the Arrangement through their broker or other intermediary. Such non-registered Shareholders should contact their intermediary for instructions and assistance in receiving the Arrangement consideration. Registered Shareholders will be required to file a Letter of Transmittal with Odyssey Trust Company in order to receive the consideration to which they are entitled. Registered. Shareholders of record on May 13, 2024 should have received a Letter of Transmittal by mail. Registered Shareholders requiring assistance to exchange their Common Shares may contact Odyssey Trust Company assistance at 1-888-290-1175 (Toll-Free). The Arrangement was approved by shareholders, along with a distribution of $0.76 per share to its Shareholders by way of return of capital (the “Return of Capital”) and other matters, at the annual general and special meeting held on June 17, 2024. The Return of Capital was paid to shareholders on July 17, 2024. Upon the completion of the Arrangement, SpinCo will have positive working capital of approximately US$19 million inclusive of US$13 million cash on hand, and High Arctic will have positive working capital of approximately CAD $5 million inclusive of CAD $4 million cash on hand. For more information on the Arrangement and the Return of Capital, please see the management information circular of the Corporation dated May 9, 2024, and news releases dated May 11, 2024, May 21, 2024, May 29, 2024, June 12, 2024, June 18, 2024, June 27, 2024, June 28, 2024, July 31, 2024 and August 2, 2024 available on the Corporation’s SEDAR+ profile at www.sedarplus.ca. Further, High Arctic intends to release its 2024 second quarter results on Wednesday, August 14, 2024 after the close of market trading and has scheduled a conference call to begin at 3:00 pm MT (5:00 pm ET) on Thursday, August 15, 2024. The conference call dial-in numbers are 1-800-898-3989 or 416-340-2217 and the participant passcode is 7163931#. Participants joining from outside North America can find International dial-in numbers at: https://www.confsolutions.ca/ILT?oss=7P1R8009525114. An archived recording of the conference call will be available approximately two hours after the call ends by dialing 1-800-408-3053 and entering passcode 2379636# and will remain available until September 15, 2024. An audio recording of the conference call will also be available within 24 hours on High Arctic’s website. The Corporation’s Second Quarter Interim Financial Statements and Management’s Discussion & Analysis will be posted to High Arctic’s website and SEDAR+ after the results are released which is expected to be after market close on August 14, 2024. About High Arctic Energy Services Inc. High Arctic is an energy services provider. High Arctic provides pressure control equipment and equipment supporting the high-pressure stimulation of oil and gas wells and other oilfield equipment on a rental basis to exploration and production companies, from its bases in Whitecourt and Red Deer, Alberta. About High Arctic Overseas Holdings Corp. SpinCo is a market leader in Papua New Guinea providing drilling and specialized well completion services, manpower solutions and supplies rental equipment including rig matting, camps, material handling and drilling support equipment. For further information, please contact: Mike Maguire Chief Executive Officer 1.587.318.3826 High Arctic Overseas Holdings Corp. Suite 2350, 330–5th Avenue SW Calgary, Alberta, Canada T2P 0L4 Email: info@higharctic.com Lonn Bate  Chief Financial Officer 1.587.318.2218 1.800.668.7143 High Arctic Energy Services Inc. Suite 2350, 330–5th Avenue SW Calgary, Alberta, Canada T2P 0L4 Email: info@haes.ca 240812 HAES – News Release – Closing of Spinout Arrangement

CALGARY, Alberta – August 2, 2024 – High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Corporation”) is pleased to announce that the TSX Venture Exchange (the “TSXV”) has conditionally approved the listing on the TSXV of the common shares (“SpinCo Common Shares”) of High Arctic Overseas Holdings Corp. (“SpinCo”), pursuant to the terms of the previously announced reorganization of High Arctic to separate the Corporation’s North American and Papua New Guinea businesses, by way of a court-approved plan of arrangement (the “Arrangement”) between the Corporation and SpinCo. It is a condition of closing of the Arrangement that the TSXV, or another acceptable stock exchange, approve the listing of the SpinCo Common Shares. As previously announced, the Toronto Stock Exchange (the “TSX”) has conditionally approved the listing on the TSX of the new common shares of High Arctic (“New High Arctic Common Shares”) to be issued to Shareholders on completion of the Arrangement. As at the closing of the Arrangement, which is now expected to occur on or about August 9, 2024, each High Arctic shareholder will receive one-quarter of one (1/4) SpinCo Common Share and one-quarter of one (1/4) New High Arctic Common Share for each current common share of High Arctic held. The Arrangement was approved by Shareholders, along with a distribution of $0.76 per share to its Shareholders by way of return of capital (the “Return of Capital”) and other matters, at the annual general and special meeting held on June 17, 2024. The Arrangement remains subject to the satisfaction of closing conditions, including the final approval from the TSX for the listing of the New High Arctic Common Shares, and the final approval from the TSXV for the listing of the SpinCo Common Shares. For more information on the Arrangement and the Return of Capital, please see the management information circular of the Corporation dated May 9, 2024, and news releases dated May 11, 2024, May 21, 2024, May 29, 2024, June 12, 2024, June 18, 2024, June 27, 2024, June 28, 2024 and July 31, 2024 available on the Corporation’s SEDAR+ profile at www.sedarplus.ca. About High Arctic High Arctic is an energy services provider. High Arctic is a market leader in Papua New Guinea providing drilling and specialized well completion services and supplies rental equipment including rig matting, camps, material handling and drilling support equipment. In western Canada, High Arctic provides pressure control and equipment supporting the high-pressure stimulation of oil and gas wells on a rental basis to exploration and production companies, from its bases in Whitecourt and Red Deer, Alberta. For further information, please contact: Lonn Bate Chief Financial Officer 1.587.318.2218 1.800.668.7143 High Arctic Energy Services Inc. Suite 2350, 330–5th Avenue SW Calgary, Alberta, Canada T2P 0L4 website: www.haes.ca Email: info@haes.ca Forward-Looking Statements This press release contains forward-looking statements. When used in this document, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “seek”, “propose”, “estimate”, “expect”, and similar expressions are intended to identify forward-looking statements. Such statements reflect the Corporation’s current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause the Corporation’s actual results, performance or achievements to vary from those described in this press release. Should one or more of these risks or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described in this press release as intended, planned, anticipated, believed, estimated or expected. Specific forward-looking statements in this press release include, but are not limited to, statements pertaining to the following: the Corporation’s ability to obtain final TSXV approval for the listing of the SpinCo Common Shares, the Corporation’s ability to obtain final approval of the TSX for the listing of the New High Arctic Common Shares, and the closing of the Arrangement. The Corporation’s actual results could differ materially from those anticipated in these forward-looking statements as a result of the risk factors set forth above and elsewhere in this press release. The forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. These statements are given only as of the date of this press release. The Corporation does not assume any obligation to update these forward-looking statements to reflect new information, subsequent events or otherwise, except as required by law. 240802 HAES – News Release – TSXV Conditional Approval for Spinco

CALGARY, Alberta – July 31, 2024 – High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Corporation”) wishes to provide an update on the previously-announced reorganization of High Arctic to separate the Corporation’s North American and Papua New Guinea businesses, by way of a court approved plan of arrangement (the “Arrangement”) between the Corporation and High Arctic Overseas Holdings Corp. (“SpinCo”). Although the Corporation has been working toward completion of the Arrangement by July 31, 2024 as previously announced, it is not yet in a position to do so. The Arrangement was approved by shareholders, along with a distribution of $0.76 per share to its shareholders by way of return of capital (the “Return of Capital”) and other matters, at the annual general and special meeting held on June 17, 2024. On June 27, 2024, the Court of King’s Bench of Alberta granted its final order approving of the Arrangement, and the Return of Capital was distributed to shareholders on July 17, 2024. The Corporation has received conditional approval from the Toronto Stock Exchange (“TSX”) for the listing of the new High Arctic common shares to be issued concurrently with completion of the Arrangement (the “New High Arctic Common Shares”). It is a condition of closing of the Arrangement (which condition may be waived by the Corporation) that the TSX Venture Exchange (“TSXV”), or another acceptable stock exchange, approve the listing of the common shares of SpinCo (“SpinCo Common Shares”) to be issued concurrently with the closing of the Arrangement. The Corporation remains engaged with the TSXV and expects to receive conditional approval from the TSXV for the initial listing of the SpinCo Common Shares. The Arrangement and the listing of the New High Arctic Common Shares remain subject to the final approval of the TSX. As at the closing of the Arrangement, each shareholder will receive one-quarter of one (1/4) SpinCo Common Share and one-quarter of one (1/4) New High Arctic Common Share for each current common share of High Arctic. The Corporation will continue to update shareholders and other interested parties of the progress towards approval from the TSXV for the initial listing of SpinCo Common Shares and the completion of the Arrangement. For more information on the Arrangement and the Return of Capital, please see the management information circular of the Corporation dated May 9, 2024, and news releases dated May 11, 2024, May 21, 2024, May 29, 2024, June 12, 2024, June 18, 2024, June 27, 2024, and June 28, 2024 available on the Corporation’s SEDAR+ profile at www.sedarplus.ca. About High Arctic High Arctic is an energy services provider. High Arctic is a market leader in Papua New Guinea providing drilling and specialized well completion services and supplies rental equipment including rig matting, camps, material handling and drilling support equipment. In western Canada, High Arctic provides pressure control and equipment supporting the high-pressure stimulation of oil and gas wells on a rental basis to exploration and production companies, from its bases in Whitecourt and Red Deer, Alberta. For further information, please contact: Lonn Bate Chief Financial Officer 1.587.318.2218 1.800.668.7143 High Arctic Energy Services Inc. Suite 2350, 330–5th Avenue SW Calgary, Alberta, Canada T2P 0L4 website: www.haes.ca Email: info@haes.ca Forward-Looking Statements This press release contains forward-looking statements. When used in this document, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “seek”, “propose”, “estimate”, “expect”, and similar expressions are intended to identify forward-looking statements. Such statements reflect the Corporation’s current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause the Corporation’s actual results, performance or achievements to vary from those described in this press release. Should one or more of these risks or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described in this press release as intended, planned, anticipated, believed, estimated or expected. Specific forward-looking statements in this press release include, but are not limited to, statements pertaining to the following: the Corporation’s ability to obtain TSXV approval for the listing of the SpinCo Common Shares, the Corporation’s ability to obtain final approval of the TSX for the listing of the New High Arctic Common Shares, and the closing of the Arrangement. The Corporation’s actual results could differ materially from those anticipated in these forward-looking statements as a result of the risk factors set forth above and elsewhere in this press release. The forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. These statements are given only as of the date of this press release. The Corporation does not assume any obligation to update these forward-looking statements to reflect new information, subsequent events or otherwise, except as required by law 240731 HAES – News Release – Reorganization Update

CALGARY, Alberta – June 28, 2024 – High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Corporation”), further to its news release dated May 11, 2024, is pleased to announce the dates for a distribution of $0.76 per share to its shareholders by way of return of capital (the “Return of Capital”), which was approved by shareholders at the annual general and special meeting held on June 17, 2024. The record date for the Return of Capital will be July 9, 2024 and the payment date will be July 17, 2024. The Return of Capital is expected to be generally more tax advantageous to shareholders than a dividend. The Toronto Stock Exchange (the “TSX”) has determined to implement due bill trading for the Return of Capital. A due bill is an entitlement that will attach to each share traded, from the record date for the Return of Capital to the payment date, inclusive. Each due bill will notionally represent the $0.76 distribution that a holder of a common share of High Arctic on the record date is entitled to receive pursuant to the Return of Capital. During the due bill trading period, a seller of shares (who is prospectively entitled to the $0.76 distribution) will also sell to the purchaser the entitlement to the distribution (which is represented by the due bill attached to each share sold). Due bill trading defers the exdistribution date and ensures shareholders are not deprived of the value of the Return of Capital between the record date and the payment date. Key dates for the Return of Capital are:  The record date to determine shareholders entitled to receive the distribution will be July 9, 2024;  Due bill trading will commence on July 9, 2024;  The payment date for the distribution will be July 17, 2024;  The ex-distribution date will be July 18, 2024 (the first trading day after the payment date, so that trades on and after that date will not have due bills attached); and  The redemption date used by CDS will also be July 18, 2024. All of the foregoing dates are subject to the approval of the TSX. The Return of Capital will be funded from the Corporation’s cash balances. In July 2022, the Corporation made a strategic decision to divest certain well servicing assets in Canada for cash proceeds of $38.2 million. As a result of receiving these cash proceeds plus, cash flow generated subsequently through operating, investing and financing activities, the Corporation had positive working capital of approximately $67.6 million, which included a cash balance of approximately $57.0 million as at March 31, 2024. The Corporation expects to close the proposed plan of arrangement (the “Arrangement”) between the Corporation and High Arctic Overseas Holdings Corp., also announced on May 11, 2024, on or about July 31, 2024. For more information on the Arrangement and the Return of Capital, please see the management information circular of the Corporation dated May 9, 2024, available on the Corporation’s SEDAR+ profile at www.sedarplus.ca. About High Arctic High Arctic is an energy services provider. High Arctic is a market leader in Papua New Guinea providing drilling and specialized well completion services and supplies rental equipment including rig matting, camps, material handling and drilling support equipment. In western Canada, High Arctic provides pressure control and other oilfield equipment on a rental basis to exploration and production companies, from its bases in Whitecourt and Red Deer, Alberta. For further information, please contact: Lonn Bate Interim Chief Financial Officer 1.587.318.2218 1.800.668.7143 High Arctic Energy Services Inc. Suite 2350, 330–5th Avenue SW Calgary, Alberta, Canada T2P 0L4 website: www.haes.ca Email: info@haes.ca Non- IFRS Measures – Working capital Working capital is a non-IFRS financial measure that does not have a standardized meaning under IFRS and therefore may not be comparable to similar measures presented by other entities. Working capital is used by management as another measure to analyze the operating liquidity available to the Corporation. It is defined as current assets less current liabilities. This measure is not intended to represent or be construed as an alternative to current assets as calculated in accordance with IFRS. Forward-Looking Statements This press release contains forward-looking statements. When used in this document, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “seek”, “propose”, “estimate”, “expect”, and similar expressions are intended to identify forward-looking statements. Such statements reflect the Corporation’s current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause the Corporation’s actual results, performance or achievements to vary from those described in this press release. Should one or more of these risks or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described in this press release as intended, planned, anticipated, believed, estimated or expected. Specific forward-looking statements in this press release include, but are not limited to, statements pertaining to the following: the Return of Capital, including the amount of and the date of distribution thereof; the Corporation’s ability to obtain TSX and other regulatory approvals for the Return of Capital; and the closing of the Arrangement. The Corporation’s actual results could differ materially from those anticipated in these forward-looking statements as a result of the risk factors set forth above and elsewhere in this press release. The forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. These statements are given only as of the date of this press release. The Corporation does not assume any obligation to update these forward-looking statements to reflect new information, subsequent events or otherwise, except as required by law. 240628 HAES – Return of Capital

CALGARY, Alberta – June 27, 2024 – High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Corporation”) is pleased to announce that the Court of King’s Bench of Alberta has granted the final order in connection with the previously announced plan of arrangement (the “Arrangement”) between the Corporation and High Arctic Overseas Holdings Corp. (“SpinCo”) providing for the spin-out by the Corporation of its Papua New Guinea focused energy services business to SpinCo. As previously announced, the Arrangement was approved by the Corporation’s shareholders at the annual general and special meeting held on June 17, 2024. The Arrangement remains subject to the satisfaction of closing conditions, including the approval of each of the Toronto Stock Exchange and the TSX Venture Exchange. Assuming that the conditions to closing are satisfied, it is currently expected that the Arrangement will be completed on or about July 31, 2024. For more information on the Arrangement, please see the management information circular of the Corporation dated May 9, 2024, available on the Corporation’s SEDAR+ profile at www.sedarplus.ca. About High Arctic High Arctic is an energy services provider. High Arctic is a market leader in Papua New Guinea providing drilling and specialized well completion services and supplies rental equipment including rig matting, camps, material handling and drilling support equipment. In western Canada, High Arctic provides pressure control and other oilfield equipment on a rental basis to exploration and production companies, from its bases in Whitecourt and Red Deer, Alberta. For further information, please contact: Lonn Bate Interim Chief Financial Officer 1.587.318.2218 1.800.668.7143 High Arctic Energy Services Inc. Suite 2350, 330–5th Avenue SW Calgary, Alberta, Canada T2P 0L4 website: www.haes.ca Email: info@haes.ca Forward-Looking Statements This press release contains forward-looking statements. When used in this document, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “seek”, “propose”, “estimate”, “expect”, and similar expressions are intended to identify forward-looking statements. Such statements reflect the Corporation’s current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause the Corporation’s actual results, performance or achievements to vary from those described in this press release. Should one or more of these risks or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described in this press release as intended, planned, anticipated, believed, estimated or expected. Specific forward-looking statements in this press release include, but are not limited to, statements pertaining to the following: the Arrangement; receipt of stock exchange and other regulatory approvals and satisfaction of conditions to the closing of the Arrangement; and the anticipated timing of the closing of the Arrangement. The Corporation’s actual results could differ materially from those anticipated in these forward-looking statements as a result of the risk factors set forth above and elsewhere in this press release. The forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. These statements are given only as of the date of this press release. The Corporation does not assume any obligation to update these forward-looking statements to reflect new information, subsequent events or otherwise, except as required by law. 240627 HAES – News Release – Receipt of Final Order

CALGARY, Canada – June 18, 2024 – High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Corporation”) is pleased to announce the results from its 2024 annual general and special meeting of shareholders held on June 17, 2024 in Calgary, Alberta (the “Meeting”). Each of the matters voted upon at the Meeting was approved by the shareholders at the Meeting. Details of each matter are included in the Corporation’s Management Information Circular dated May 9, 2024 (“Circular”), a copy of which is available on the Corporation’s profile on SEDAR+ at www.sedarplus.ca. The voting results for each matter voted on by the shareholders at the Meeting are provided below. 1. Arrangement The shareholders passed a special resolution approving the plan of arrangement under Section 193 of the Business Corporations Act (Alberta) (“Arrangement”) among High Arctic, its shareholders and High Arctic Overseas Holdings Corp. (“SpinCo”). The Arrangement is described in detail in the Circular and its appendices. The vote in respect of the Arrangement was carried out by ballot, with 98.994% of votes cast being in favour of the resolution approving the Arrangement. Excluding the votes of interested parties as required by Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”), 98.92% of votes were cast in favour of the Arrangement. The Corporation will apply for a final order approving the Arrangement from the Alberta Court of King’s Bench on Thursday, June 27, 2024 at 2:00 p.m. Assuming all other terms and conditions to the Arrangement are satisfied, it is expected that the Arrangement will be completed on July 31, 2024. 2. Return of Capital The shareholders passed a special resolution approving the distribution of surplus cash to shareholders by way of a return of capital of up to $0.76 per common share of High Arctic (the “Return of Capital”). The vote in respect of the Return of Capital was carried out by ballot, with 99.085% of votes cast being in favour of the resolution approving the Return of Capital. The amount of the Return of Capital remains subject to determination by the Board of Directors of High Arctic. The Corporation expects that the Return of Capital will be completed and paid to shareholders on or around July 17, 2024. 3. Deferred Share Unit Plan The shareholders passed an ordinary resolution approving the redemption of all outstanding deferred share units (“DSUs”) under the Corporation’s deferred share unit plan. The vote in respect of the DSUs was carried out by ballot, with 98.431% of votes cast being in favour of the resolution. Excluding the votes of shareholders who currently hold DSUs, as required pursuant to the rules of the Toronto Stock Exchange (an aggregate of 2,275,567 shares), 98.297% of votes were cast in favour of the resolution. 4. SpinCo Equity Compensation Plan The shareholders passed an ordinary resolution approving an omnibus equity compensation plan for SpinCo. The vote in respect of the SpinCo equity compensation plan was carried out by ballot, with 98.631% of votes cast being in favour of the resolution. 5. Fixing the Number of Directors The shareholders passed a resolution fixing the number of directors to be elected at the Meeting at four (4). The vote in respect of this matter carried out by show of hands, with 94.473% of votes cast being in favour of the resolution. 6. Election of Directors All of the nominees named in the Circular were elected as directors of the Corporation. The vote in respect of this matter carried out by ballot. The detailed results of voting are as follows: Nominee                 # Votes For                % Votes For               # Votes Withheld          % Votes Withheld Michael R. Binnion 28,524,297                     97.996                         583,432                           2.004 Simon P.D. Batcup 28,540,756                     98.052                         566,973                           1.948 Douglas J. Strong  28,540,459                     98.051                          567,270                           1.949 Craig F. Nieboer   28,867,556                      99.175                          240,173                            0.825 7. Appointment of Auditor The shareholders approved the reappointment of KPMG LLP, as the auditors of the Corporation to hold office until the close of the next annual meeting of shareholders of the Corporation, with their remuneration to be fixed by the directors. The vote in respect of this matter carried out by show of hands, with 99.374% of votes cast being in favour of the resolution. CEO of High Arctic, Mike Maguire stated “The resounding shareholder support for the Arrangement, the Return of Capital and the other resolutions key to our reorganization confirms our thesis that separating the Canadian and Papua New Guinean businesses is the best pathway for each business to realize its potential and maximize value for our current shareholders.” For more information on the Arrangement and the Return of Capital and the other matters approved at the Meeting, please see the Circular and the Corporation’s news releases dated May 11, 2024, May 21, 2024, May 29, 2024, and June 12, 2024 available on the Corporation’s SEDAR+ profile at www.sedarplus.com About High Arctic High Arctic is an energy services provider. High Arctic is a market leader in Papua New Guinea providing drilling and specialized well completion services and supplies rental equipment including rig matting, camps, material … Read more

CALGARY, Canada – June 12, 2024 – High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Corporation”) is pleased to announce the appointment of Lonn Bate as Chief Financial Officer (“CFO”) effective July 1, 2024 and that it has re-scheduled the hearing for the Court of King’s Bench’s (“Court”) final approval of the previously announced plan of arrangement (the “Arrangement”) between the Corporation and High Arctic Overseas Holdings Corp. (“SpinCo”) to an earlier date. Executive Appointment Mr. Bate initially joined the Corporation in March 2023 in a consulting capacity and in August of 2023 took on the role of Interim CFO with a view to strengthening the finance and accounting processes within the Corporation and providing financial leadership for High Arctic to advance its restructuring initiatives that have culminated in the Arrangement. Mr. Bate is a Chartered Professional Accountant (CA) with over 25 years of broad financial leadership including substantial periods in senior executive roles of public and private junior energy and energy services companies. Mr. Bate’s experience extends to the international as well as the Canadian energy sectors. He brings extensive knowledge in financial stewardship, strategic planning and analysis, equity and debt financing, company reorganizations, mergers and acquisitions, and consolidating global finance teams. Mike Maguire, Chief Executive Officer stated: “I am pleased to welcome Mr. Bate as a permanent member of the executive management team at High Arctic. Lonn has been instrumental in navigating the Corporation to a substantial return of capital to shareholders and strategic reorganization. High Arctic is on the precipice of a new chapter focussed on growth and the board and I have every confidence that Lonn is the right person to steward the ongoing financial management to achieve the Corporation’s objectives.” Final Order to Approve Plan of Arrangement The Court’s interim approval of the Arrangement provided that the hearing for the final approval of the Arrangement (the “Final Order”) was to be obtained on or after July 12, 2024. By a variance issued by the Court on June 10, 2024, the hearing for the Final Order can now be sought on or after June 27, 2024. The earlier hearing date will permit the Corporation to complete the previously announced return of capital (“Return of Capital”) on or around July 17, 2024, earlier than July 24, 2024 as previously announced, subject to approval by the shareholders of the Corporation. This follows the previously announced conditional approval received for the listing of the new common shares of High Arctic on the TSX following the Arrangement, and TSX conditional approval for the Return of Capital. Application has been made to the TSX Venture Exchange for the listing of the common shares of SpinCo following the Arrangement. The approval of the listing of the SpinCo common shares is a condition to completion of the Arrangement. The Corporation reminds shareholders that proxy voting is open for the upcoming annual general and special meeting of shareholders of the Corporation to be held in the Viking Room, Calgary Petroleum Club, 319 5 Avenue SW Calgary, Alberta at 3:00 PM on Monday June 17, 2024. Proxy votes must be received by no later than 3 PM on Thursday June 13, 2024. All shareholders and interested parties are encouraged to attend the meeting in person. Registered shareholders of the Corporation, who do not hold their shares through a brokerage account or other intermediary, may vote their shares in person at the meeting, or by proxy. For more information on the Arrangement and the Return of Capital, please see the Information Circular and the Corporation’s news releases dated May 11, 2024, May 21, 2024 and May 29, 2024, available on the Company’s SEDAR+ profile at www.sedarplus.com. About High Arctic High Arctic is an energy services provider. High Arctic is a market leader in Papua New Guinea providing drilling and specialized well completion services and supplies rental equipment including rig matting, camps, material handling and drilling support equipment. In western Canada, High Arctic provides pressure control and other oilfield equipment on a rental basis to exploration and production companies, from its bases in Whitecourt and Red Deer, Alberta. For further information, please contact: Lonn Bate Interim Chief Financial Officer 1.587.318.2218 1.800.668.7143 High Arctic Energy Services Inc. Suite 2350, 330–5th Avenue SW Calgary, Alberta, Canada T2P 0L4 website: www.haes.ca Email: info@haes.ca Forward-Looking Statements Forward-Looking Statements. Certain statements contained in this press release may constitute forward-looking statements. These statements relate to future events. All statements other than statements of historical fact may be forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “plan”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “predict”, “potential”, “targeting”, “intend”, “could”, “might”, “should”, “believe” and similar expressions. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. High Arctic believes that the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this press release should not be unduly relied upon by investors. These statements speak only as of the date of this press release and are expressly qualified, in their entirety, by this cautionary statement. In particular, this press release contains forward-looking statements pertaining to the following: the timing and anticipated receipt of regulatory, court and shareholder approvals for the Arrangement; the listing of the SpinCo common shares on the TSX Venture Exchange; the ability of High Arctic to satisfy the other conditions to, and to complete, the Arrangement; and the closing of the Arrangement; the approval by the Board and the amount and payment of the Return of Capital. In respect of the forward-looking statements and information concerning the anticipated completion of the proposed Arrangement and related transactions, High Arctic has provided them in reliance on certain assumptions that it believes are reasonable at this time, including assumptions as to the ability of the … Read more

CALGARY, Canada – May 29, 2024 – High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Corporation”) announces that, further to the Corporation’s news releases dated May 11, 2024 and May 21, 2024, and the management information circular of the Corporation dated May 9, 2024 (the “Information Circular”), which was mailed to shareholders of the Corporation, the Corporation has filed the management’s discussion and analysis for High Arctic Energy Services Cyprus Limited (“HAES Cyprus”) for the years ended December 31, 2023, 2022 and 2021 (the “MD&A”) on the Corporation’s profile on SEDAR+ at www.sedarplus.ca. The MD&A was not included in the Information Circular as a result of a clerical error made on compiling the Information Circular. As previously announced, the Information Circular relates to, among other things, a proposed plan of arrangement (the “Arrangement”) between the Corporation and High Arctic Overseas Holdings Corp. (“SpinCo”) and a proposed return of capital to shareholders of the Corporation (“Return of Capital”). The Corporation will provide, free of charge, a copy of the omitted MD&A upon request by any interested party. Please request a copy of the MD&A by sending an email to info@haes.ca. In the subject line of the email state “MD&A” and in the body of the email please provide your full name and mailing address, or email address if an emailed copy is requested, to ensure your request will be expedited. The following is a summary of the highlights of the MD&A. This summary is qualified in its entirety by the full text of the MD&A. The following is a summary review of risks, the results of operations, liquidity, and capital resources of HAES Cyprus and should be read in conjunction with the audited consolidated financial statements and notes of HAES Cyprus for the years ended December 31, 2023, 2022 and 2021, and the full text of the MD&A. CORPORATE PROFILE Headquartered in Nicosia, HAES Cyprus provides services in Papua New Guinea (“PNG”) through its wholly owned subsidiaries to the extractive industries with particular focus on exploration and production companies operating in the energy sector. HAES Cyprus conducts its business operations in three separate operating segments: Drilling Services, Ancillary Services and Production Services. 240528 HAES NR Cyprus MDA Omission About High Arctic High Arctic is an energy services provider. High Arctic is a market leader in Papua New Guinea providing drilling and specialized well completion services and supplies rental equipment including rig matting, camps, material handling and drilling support equipment. In western Canada, High Arctic provides pressure control and other oilfield equipment on a rental basis to exploration and production companies, from its bases in Whitecourt and Red Deer, Alberta. For further information, please contact: Lonn Bate Interim Chief Financial Officer 1.587.318.2218 1.800.668.7143 High Arctic Energy Services Inc. Suite 2350, 330–5th Avenue SW Calgary, Alberta, Canada T2P 0L4 website: haes.ca Email: info@haes.ca Forward-Looking Statements Forward-Looking Statements. Certain statements contained in this press release may constitute forward-looking statements. These statements relate to future events. All statements other than statements of historical fact may be forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “plan”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “predict”, “potential”, “targeting”, “intend”, “could”, “might”, “should”, “believe” and similar expressions. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. High Arctic believes that the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this press release should not be unduly relied upon by investors. These statements speak only as of the date of this press release and are expressly qualified, in their entirety, by this cautionary statement. In particular, this press release contains forward-looking statements, pertaining to the following: the timing and anticipated receipt of required regulatory (including stock exchange), court, and shareholder approvals for the Arrangement; the ability of High Arctic to satisfy the other conditions to, and to complete, the Arrangement; and the closing of the Arrangement, the approval by the Board and the amount and payment of the Return of Capital. In respect of the forward-looking statements and information concerning the anticipated completion of the proposed Arrangement and related transactions, High Arctic has provided them in reliance on certain assumptions that it believes are reasonable at this time, including assumptions as to the ability of the parties to receive, in a timely manner, the necessary regulatory, court, shareholder and other third party approvals; and the ability of the parties to satisfy, in a timely manner, the other conditions to the closing of the Arrangement. These dates may change for a number of reasons, including unforeseen delays in preparing meeting material; inability to secure necessary shareholder, regulatory, court or other third-party approvals in the time assumed or the need for additional time to satisfy the other conditions to the completion of the Arrangement. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. This forward-looking information represents High Arctic’s views as of the date of this document and such information should not be relied upon as representing its views as of any date subsequent to the date of this document. High Arctic has attempted to identify important factors that could cause actual results, performance or achievements to vary from those current expectations or estimates expressed or implied by the forward-looking information. However, there may be other factors that cause results, performance or achievements not to be as expected or estimated and that could cause actual results, performance or achievements to differ materially from current expectations. There can be no assurance that forward-looking information will prove to be accurate, as results and future events could differ materially from those expected or estimated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Except as required … Read more