Jay Wilcox – Page 27 – High Arctic Energy Services

HIGH ARCTIC ANNOUNCES $25 MILLION BOUGHT DEAL

Calgary, Canada – May 21, 2014 – High Arctic Energy Services Inc. (TSX:HWO) (“High Arctic” or the “Corporation”) is pleased to announce it has entered into an agreement dated May 21, 2014 with National Bank Financial Inc. (“NBF”) as lead underwriter on its own behalf and on behalf of a syndicate of underwriters including PI Financial Corp., AltaCorp Capital Inc., and Lightyear Capital Inc. (collectively, the “Underwriters”) in connection with the proposed public offering (“Offering”) of subscription receipts of the Corporation (“Subscription Receipts”). Pursuant to the terms of the agreement, the Underwriters will purchase for resale from High Arctic, on a bought deal basis, a treasury offering of 5,051,000 Subscription Receipts at a price of $4.95 per Subscription Receipt for aggregate gross proceeds to the Corporation of $25,002,450. The proceeds of the Offering will be used by the Corporation to partially fund the previously announced acquisition of two heli-portable drilling rigs and associated ancillary equipment (the “Acquisition”) and will be held in escrow pending the completion of the Acquisition. Details of the Acquisition and the 2-year drilling services contract with InterOil Corporation are available in the news release of the Corporation dated April 9, 2014. FBC Holdings Sàrl, an insider of the Corporation, which holds approximately 41% of the issued and outstanding Common Shares in the Corporation as of the date of this news release, has agreed, directly or through its investment manager Cyrus Capital Partners, L.P., to purchase a minimum of 1,516,000 Subscription Receipts at a price of $4.95 per Subscription Receipt, for gross proceeds of $7,504,200. If all outstanding conditions to the completion of the Acquisition (other than payment of the purchase price) are met (the “Escrow Release Conditions”), the net proceeds from the sale of the Subscription Receipts will be released to High Arctic to finance, in part, the purchase price of the Acquisition, and each Subscription Receipt will be exchanged for one common share of the Corporation (“Common Share”). The Subscription Receipts will be offered for distribution in British Columbia, Alberta, Saskatchewan, Manitoba and Ontario by way of a short form prospectus. The Subscription Receipts may also be placed on a private placement basis in the United States pursuant to applicable exemptions under United States Securities Act of 1933, in the United Kingdom and in certain other jurisdictions as may be agreed to by High Arctic. The Offering is expected to close on or before June 11, 2014, subject to customary conditions and the receipt of all regulatory approvals including the approval of the Toronto Stock Exchange (“TSX”) and of applicable securities regulatory authorities. There can be no assurance as to whether or when the Offering will be completed, or whether the Escrow Release Conditions will be met and the Common Shares underlying the Subscription Receipts released to the subscribers. If the Escrow Release Conditions are not satisfied in accordance with terms of the Offering on or before August 15, 2014, holders of the Subscription Receipts will be entitled to the return of their subscription amount plus their pro rata share of any interest earned on such subscription amount. The securities being offered have not, nor will they be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States absent U.S. registration or an applicable exemption from such registration requirements. This release does not constitute an offer for sale or the solicitation of an offer to buy securities in the United States or in any jurisdiction in which such offer, solicitation or sale would be unlawful. About High Arctic The Corporation is a provider of specialized oilfield equipment and services for drilling, completion and work over operations. Based in Alberta, High Arctic has operations throughout Western Canada and in Papua New Guinea. The Corporation’s most recent investor presentation can be found at haes.ca. Further Information Ken Olson Chief Financial Officer (403) 508-7836 ext. 103 ken.olson@z6a.d3d.myftpupload.com Forward Looking-Statements Certain statements contained in this news release constitute forward-looking information. These statements relate to future events or the Corporation’s future performance. The use of any of the words “could”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Corporation’s current belief or assumptions as to the outcome and timing of such future events. In particular, forward-looking statements contained in this press release include, but are not limited to: the expected approvals for, and the closing of, the Offering and the expected closing of the Acquisition. These forward-looking statements are based on assumptions and are subject to numerous risks and uncertainties, certain of which are beyond the Corporation’s control, including the impact of general economic conditions, the satisfaction of the conditions precedent to the Acquisition, the satisfaction of the escrow release conditions pursuant to the Offering, industry conditions, volatility of commodity prices, competition, stock market volatility and the ability to access sufficient capital. Actual future results may differ materially. The Corporation’s annual information form for the year ended December 31, 2013 and other documents filed with securities regulatory authorities (accessible through the SEDAR website www.sedar.com) describe the risks, material assumptions and other factors that could influence actual results and which are incorporated herein by reference. The Corporation disclaims any intention or obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as may be expressly required by applicable securities laws.

High Arctic Declares Monthly Dividend

Calgary, Canada – April 21, 2014 – High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Corporation”) is pleased to announce that its Board of Directors has approved a monthly dividend payment of $0.015 per share to holders of common shares. The dividend is payable on May 14, 2014, to holders of High Arctic common shares of record at the close of business on April 30, 2014. The ex-dividend date is April 28, 2014. The dividend is designated as an “eligible dividend” for Canadian Income Tax purposes.   About High Arctic The Corporation is a provider of specialized oilfield equipment and services for drilling, completion and work over operations.  Based in Alberta, High Arctic has operations throughout Western Canada and in Papua New Guinea.  The Corporation’s most recent investor presentation can be found at haes.ca.     Further Information Ken Olson Chief Financial Officer Phone: 403 508 7836 ext 103 Email: ken.olson@z6a.d3d.myftpupload.com

High Arctic Signs a 2 Year Drilling Services Contract with InterOil and Purchases Two Drilling Rigs

Calgary, Canada – April 9, 2014 – High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Company”) is pleased to announce that it has signed a new Drilling Services Agreement with InterOil Corporation for one heli-portable drilling rig in Papua New Guinea (“PNG”). High Arctic has agreed to provide one drilling rig and a 100 person camp for a firm contract term of two years with an extension option available to InterOil for one additional year. The two year term commences once the rig has been mobilised and is ready to commence drilling operations. The contract is projected to deliver annualized revenue of approximately US$30 million during the drilling operations. The target spud date for the first well is November 2014. In conjunction with the award of this contract, High Arctic has agreed to purchase two heli-portable drilling rigs and associated ancillary equipment. The total commitment to purchase and deliver the two rigs with upgrades is estimated at US$52 million. The matching rigs are AC self-erecting 1500 HP triple drilling rigs designed and manufactured as heli-portable. The rigs can be broken down into 2700kg loads allowing maximum transportation versatility and flexible alternatives in helicopter selection. Constructed in 2010, the rigs feature the latest safety designs and drilling automation technology, and have each had approximately one year of use. Kevin Doran, High Arctic’s President, International, stated; “The acquisition of these two drilling rigs is a significant milestone for High Arctic and reflects our continued commitment to expanding our presence within Papua New Guinea. We are excited to be working with InterOil as they move towards commercializing their resources. The second rig should position us to take advantage of the growing activity in the country.” The rig purchase is subject to customary closing conditions and closing is expected to occur by mid-May. The rigs are currently being prepared to be shipped to PNG with an expected landing date in June. The first rig will then be commissioned and upgraded at a customer supplied yard near Port Moresby. The first rig is expected to be mobilised to the field in November at which time revenue streams will commence. The second rig will then be commissioned and is expected to be available for use in early 2015. The Company will market the second rig to both existing and potential new customers in PNG. The Company plans to acquire the rigs using existing cash on hand and available capacity on its current revolving loan facility. Forward-Looking Statements This news release may contain forward-looking statements relating to expected future events and anticipated financial and operating results of the Company that involve risks and uncertainties. Actual results may differ materially from management expectations, as projected in such forward-looking statements, for a variety of reasons, including, but not limited to, market and general economic conditions, and the risks and uncertainties detailed in both the Company’s Management Discussion and Analysis for the year ended December 31, 2013 and the Annual Information Form for the year ended December 31, 2013 found on SEDAR (www.sedar.com). Due to the potential impact of these factors, the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law. About High Arctic The Company is a provider of specialized oilfield equipment and services for drilling, completion and work over operations. Based in Alberta, High Arctic has operations throughout Western Canada and in Papua New Guinea. The Company’s most recent investor presentation can be found at haes.ca. Further Information Ken Olson Chief Financial Officer Phone: 403 580 7836 ext 103 Email: ken.olson@dev.haes.ca [fusion_builder_container hundred_percent=”yes” overflow=”visible”][fusion_builder_row][fusion_builder_column type=”1_1″ background_position=”left top” background_color=”” border_size=”” border_color=”” border_style=”solid” spacing=”yes” background_image=”” background_repeat=”no-repeat” padding=”” margin_top=”0px” margin_bottom=”0px” class=”” id=”” animation_type=”” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”no” center_content=”no” min_height=”none”][fusion_alert type=”error”]NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW[/fusion_alert][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]

HIgh Arctic Completes Purchase of Rigs 115 and 116

To meet the growing demand for High Arctic’s drilling services, High Arctic negotiates the purchase of two “near new” 1500 Horse Power Heli-portable drilling rigs from Brazil and ships them to Houston, Texas for a comprehensive upgrade and rebirth by the Original Manufacturer.

High Arctic Announces Adoption of Advance Notice By-Law

Calgary, Canada – March 27, 2014– High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Corporation”) is pleased to announce that its Board of Directors has approved the adoption of an advance notice by-law (the “By-law”), which requires advance notice to the Corporation in circumstances where nominations of persons for election as a director of the Corporation are made by shareholders other than pursuant to: (i) a requisition of a meeting made pursuant to the provisions of the Business Corporations Act (Alberta) (the “ABCA”); or (ii) a shareholder proposal made pursuant to the provisions of the ABCA. Among other things, the By-law fixes a deadline by which shareholders must submit a notice of director nominations to the Corporation prior to any annual general or special meeting of shareholders where directors are to be elected and sets forth the information that a shareholder must include in the notice for it to be valid. Shareholders will be asked to confirm and ratify the By-law at the Corporation’s Annual General and Special Meeting on May 13, 2014 (the “Meeting”). A copy of the By-law has been filed and is available under the Corporation’s profile at www.sedar.com. The By-Law is effective immediately and will remain in effect until they are confirmed, confirmed as amended or rejected by shareholders at the Meeting. The Corporation believes that adopting the By-law is considered to be good corporate governance as it provides a clear and transparent process for all shareholders to follow if they intend to nominate directors and it ensures that all shareholders receive adequate notice of director nominations with sufficient information with respect to all nominees. This allows the Corporation and its shareholders to evaluate the proposed nominees’ qualifications and suitability as directors, which further allows shareholders to cast an informed vote for the election of directors. About High Arctic The Corporation is a provider of specialized oilfield equipment and services for drilling, completion and work over operations.  Based in Alberta, High Arctic has operations throughout Western Canada and in Papua New Guinea. The Corporation’s most recent investor presentation can be found at haes.ca. Further Information Ken Olson Chief Financial Officer Phone: 403 580 7836 ext 103 Email: ken.olson@dev.haes.ca [fusion_builder_container hundred_percent=”yes” overflow=”visible”][fusion_builder_row][fusion_builder_column type=”1_1″ background_position=”left top” background_color=”” border_size=”” border_color=”” border_style=”solid” spacing=”yes” background_image=”” background_repeat=”no-repeat” padding=”” margin_top=”0px” margin_bottom=”0px” class=”” id=”” animation_type=”” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”no” center_content=”no” min_height=”none”][fusion_alert type=”error”]NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW[/fusion_alert][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]

High Arctic Increases Monthly Dividend

Calgary, Canada – March 17, 2014 – High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Corporation”) is pleased to announce that its Board of Directors has approved a 20% increase in the monthly dividend amount. The new monthly amount is $0.015 per share or 18 cents per annum. The Board has declared the dividend of $0.015 per share payable on April 14, 2014 to holders of High Arctic common shares of record at the close of business on March 31, 2014. The ex-dividend date is March 27, 2014. The dividend is designated as an “eligible dividend” for Canadian Income Tax purposes. Michael Binnion, Chairman of the Board of Directors, stated “The increase in the dividend rewards our shareholders for the strong financial results of 2013 and reflects our expectations for a solid 2014. The new dividend rate equates to an annual dividend amount of $9.0 million which is 25% of our reported funds provided by operations in 2013 of $35.3 million”. About High Arctic The Corporation is a provider of specialized oilfield equipment and services for drilling, completion and work over operations. Based in Alberta, High Arctic has operations throughout Western Canada and in Papua New Guinea. The Corporation’s most recent investor presentation can be found at dev.haes.ca. Further Information Ken Olson Chief Financial Officer Phone: 403 580 7836 ext 103 Email: ken.olson@dev.haes.ca [fusion_builder_container hundred_percent=”yes” overflow=”visible”][fusion_builder_row][fusion_builder_column type=”1_1″ background_position=”left top” background_color=”” border_size=”” border_color=”” border_style=”solid” spacing=”yes” background_image=”” background_repeat=”no-repeat” padding=”” margin_top=”0px” margin_bottom=”0px” class=”” id=”” animation_type=”” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”no” center_content=”no” min_height=”none”][fusion_alert type=”error”]NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW[/fusion_alert][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]

High Arctic Declares Monthly Dividend

Calgary, Canada – February 19, 2014 – High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Corporation”) is pleased to announce that its Board of Directors has approved a monthly dividend payment of $0.0125 per share to holders of common shares. The dividend is payable on March 14, 2014, to holders of High Arctic common shares of record at the close of business on February 28, 2014. The ex-dividend date is February 26, 2014. The dividend is designated as an “eligible dividend” for Canadian Income Tax purposes. About High Arctic The Corporation is a provider of specialized oilfield equipment and services for drilling, completion and work over operations.  Based in Alberta, High Arctic has operations throughout Western Canada and in Papua New Guinea.  The Corporation’s most recent investor presentation can be found at haes.ca. Further Information Ken Olson Chief Financial Officer Phone: 403 580 7836 ext 103 Email: ken.olson@z6a.d3d.myftpupload.com [fusion_builder_container hundred_percent=”yes” overflow=”visible”][fusion_builder_row][fusion_builder_column type=”1_1″ background_position=”left top” background_color=”” border_size=”” border_color=”” border_style=”solid” spacing=”yes” background_image=”” background_repeat=”no-repeat” padding=”” margin_top=”0px” margin_bottom=”0px” class=”” id=”” animation_type=”” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”no” center_content=”no” min_height=”none”][fusion_alert type=”error”]NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW[/fusion_alert][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]