2014 – High Arctic Energy Services

2014

High Arctic Declares Monthly Dividend

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High Arctic Declares Monthly Dividend   Calgary, Canada – December 18, 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 $0.0165 per share to holders of common shares. The dividend is payable on January 14, 2015, to holders of High Arctic common shares of record at the close of business on December 31, 2014. The ex-dividend date is December 29, 2014. The dividend is designated as an “eligible dividend” for Canadian Income Tax purposes.   About High Arctic High Arctic is a publicly traded company listed on the Toronto Stock Exchange under the symbol “HWO”.  The Corporation’s principal focus is to provide drilling and specialized well completion services, equipment rentals and other services to the oil and gas industry. High Arctic’s largest operation is in Papua New Guinea where it provides drilling and specialized well completion services and supplies rig matting, camps and drilling support equipment on a rental basis.  The Canadian operation provides snubbing services, nitrogen supplies and equipment on a rental basis to a large number of oil and natural gas exploration and production companies operating in Western Canada.   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 for Rig 116

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Calgary, Canada – December 1, 2014 – High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Company”) is pleased to announce that it has signed a Drilling Services Agreement with InterOil Corporation for a second heli-portable drilling rig in Papua New Guinea (“PNG”). High Arctic has agreed to provide its Rig 116, along with a 100 person camp, for a firm contract term of two years. The two year term commences once the rig has been accepted at the first drilling location in PNG. The contract is projected to deliver annualized revenue of approximately US$30 million once the drilling operations commence. It is anticipated that the rig will begin operations in the third quarter of 2015. Tim Braun, High Arctic’s CEO, stated; “The execution of a two year contract for Rig 116 in Papua New Guinea fulfills the growth strategy identified earlier in the year and further strengthens High Arctic’s market position in the country. We are pleased that we have expanded our relationship with InterOil and look forward to partnering with them to commercialize their resource fields in PNG.” Rig 116 is currently in Houston Texas undergoing upgrading in preparation for this work and will be mobilized to Papua New Guinea once the work is completed. The commissioning of Rig 115 has commenced following its upgrading and is expected to be shipped to PNG and ready to begin drilling operations under a previously announced contract with InterOil by the end of March, 2015. Both Rig 115 and Rig 116 will be supported from a common location near the InterOil resource fields, which will provide efficiencies in our service delivery offering. 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 High Arctic is a publicly traded company listed on the Toronto Stock Exchange under the symbol “HWO”. The Corporation’s principal focus is to provide drilling and specialized well completion services, equipment rentals and other services to the oil and gas industry. High Arctic’s largest operation is in Papua New Guinea where it provides drilling and specialized well completion services and supplies rig matting, camps and drilling support equipment on a rental basis. The Canadian operation provides snubbing services, nitrogen supplies and equipment on a rental basis to a large number of oil and natural gas exploration and production companies operating in Western Canada. Further Information Ken Olson Chief Financial Officer Phone: 403 580 7836 ext 103 Email: ken.olson@haes.ca

High Arctic Increases Monthly Dividend 10%

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Calgary, Canada – November 13, 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 10% increase in the monthly dividend amount. The new monthly amount is $0.0165 per share or 19.8 cents per annum. The Board has declared the dividend of $0.0165 per share payable on December 12th, 2014 to the holders of common shares of record at the close of business on November 28, 2014. The ex-dividend date is November 26, 2014. The dividend is designated as an “eligible dividend” for Canadian Income Tax purposes. Michael Binnion, Chairman of the Board of Directors, stated “This increase reflects the confidence we have in our current business and our ability to deliver on the opportunities in front of us. The new dividend rate equates to an annual dividend of approximately $10.9 million which is 26% of our trailing twelve months of funds provided from operations.” About High Arctic High Arctic is a publicly traded company listed on the Toronto Stock Exchange under the symbol “HWO”. The Corporation’s principal focus is to provide drilling and specialized well completion services, equipment rentals and other services to the oil and gas industry. High Arctic’s largest operation is in Papua New Guinea where it provides drilling and specialized well completion services and supplies rig matting, camps and drilling support equipment on a rental basis. The Canadian operation provides snubbing services, nitrogen supplies and equipment on a rental basis to a large number of oil and natural gas exploration and production companies operating in Western Canada. Further Information Ken Olson Chief Financial Officer Phone: 403 508 7836 ext 103 Email: ken.olson@z6a.d3d.myftpupload.com

High Arctic Declares Monthly Dividend

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High Arctic Declares Monthly Dividend Calgary, Canada – October 22, 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 November 14, 2014, to holders of High Arctic common shares of record at the close of business on October 31, 2014. The ex-dividend date is October 29, 2014. The dividend is designated as an “eligible dividend” for Canadian Income Tax purposes.   About High Arctic High Arctic is a publicly traded company listed on the Toronto Stock Exchange under the symbol “HWO”.  The Corporation’s principal focus is to provide drilling and specialized well completion services, equipment rentals and other services to the oil and gas industry. High Arctic’s largest operation is in Papua New Guinea where it provides drilling and specialized well completion services and supplies rig matting, camps and drilling support equipment on a rental basis.  The Canadian operation provides snubbing services, nitrogen supplies and equipment on a rental basis to a large number of oil and natural gas exploration and production companies operating in Western Canada.   Further Information Ken Olson Chief Financial Officer Phone: 403 508 7836 ext 103 Email: ken.olson@z6a.d3d.myftpupload.com

High Arctic Declares Monthly Dividend

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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     High Arctic Declares Monthly Dividend   Calgary, Canada – September 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 $0.015 per share to holders of common shares. The dividend is payable on October 14, 2014, to holders of High Arctic common shares of record at the close of business on September 30, 2014. The ex-dividend date is September 26, 2014. The dividend is designated as an “eligible dividend” for Canadian Income Tax purposes.   About High Arctic High Arctic is a publicly traded company listed on the Toronto Stock Exchange under the symbol “HWO”. The Corporation’s principal focus is to provide drilling and specialized well completion services, equipment rentals and other services to the oil and gas industry. High Arctic’s largest operation is in Papua New Guinea where it provides drilling and specialized well completion services and supplies rig matting, camps and drilling support equipment on a rental basis. The Canadian operation provides snubbing services, nitrogen supplies and equipment on a rental basis to a large number of oil and natural gas exploration and production companies operating in Western Canada.   Further Information Ken Olson Chief Financial Officer Phone: 403 508 7836 ext 103 Email: ken.olson@z6a.d3d.myftpupload.com

High Arctic Declares Monthly Dividend

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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   High Arctic Declares Monthly Dividend   Calgary, Canada – August 20, 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 September 12, 2014, to holders of High Arctic common shares of record at the close of business on August 29, 2014. The ex-dividend date is August 27, 2014. The dividend is designated as an “eligible dividend” for Canadian Income Tax purposes.   About High Arctic High Arctic is a publicly traded company listed on the Toronto Stock Exchange under the symbol “HWO”. The Corporation’s principal focus is to provide drilling and specialized well completion services, equipment rentals and other services to the oil and gas industry. High Arctic’s largest operation is in Papua New Guinea where it provides drilling and specialized well completion services and supplies rig matting, camps and drilling support equipment on a rental basis. The Canadian operation provides snubbing services, nitrogen supplies and equipment on a rental basis to a large number of oil and natural gas exploration and production companies operating in Western Canada.       Further Information Ken Olson Chief Financial Officer Phone: 403 508 7836 ext 103 Email: ken.olson@z6a.d3d.myftpupload.com

High Arctic Completes Previously Announced Acquisition of Two Drilling Rigs and Share Issuance

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Calgary, Canada – July 28, 2014 – High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Corporation”) is pleased to announce that it has completed the previously announced acquisition (the “Acquisition”) of two heli-portable drilling rigs and associated ancillary equipment for approximately USD$29 million. The total commitment to purchase, deliver, upgrade and commission the two drilling rigs has been estimated at USD $52 million. The rigs are currently on route to Houston, Texas  to be  upgraded and commissioned.  Rig 115 will be completed first and then shipped to Papua New Guinea (“PNG”) to be deployed under the previously announced two year drilling contract with an anticipated first spud date in early 2015.  Efforts continue to secure a contract for Rig 116 in PNG. The Acquisition was partially funded with a bought deal public financing (the “Offering”) through a syndicate of underwriters led by National Bank Financial Inc. that included PI Financial Corp., AltaCorp Inc. and Lightyear Capital Inc., and which closed on June 11, 2014. Pursuant to the Offering, High Arctic issued 5,051,000 subscription receipts (the “Subscription Receipts“) at a price of $4.95 per Subscription Receipt for gross proceeds of approximately CND$25 million. In accordance with their terms, each Subscription Receipt was exchanged for one common share of the Corporation (“Common Share”) on July 28, 2014 upon closing of the Acquisition and the proceeds from the sale of the Subscription Receipts were released from escrow.  Holders of Subscription Receipts are not required to take any action in order to receive the Common Shares to which they are entitled. Holders of the Subscription Receipts shall receive an amount equal to the $0.015 per Common Share dividend that was paid on July 14, 2014 to holders of record at June 30, 2014. This amount will be paid on July 28, 2014 to the holders of Subscription Receipts on the exchange date. At July 28, 2014, High Arctic has 55,434,952 Common Shares outstanding, including the Common Shares issued pursuant to the Subscription Receipts.   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 effects of the Acquisition and the payment of the dividend equivalent amount to Subscription Receipt holders. 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, 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.   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 www.haes.ca.   Further Information Ken Olson Chief Financial Officer Phone: 403 580 7836 ext 103 Email: ken.olson@z6a.d3d.myftpupload.com

High Arctic Declares Monthly Dividend

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Calgary, Canada – July 22, 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 August 14, 2014, to holders of High Arctic common shares of record at the close of business on July 31, 2014. The ex-dividend date is July 29, 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 www.haes.ca. Further Information Ken Olson Chief Financial Officer Phone: 403 508 7836 ext 103 Email: ken.olson@z6a.d3d.myftpupload.com

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