2021 – Page 2 – High Arctic Energy Services

High Arctic Announces an Update on Activities in Papua New Guinea

CALGARY, Canada – July 21, 2021 – High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Corporation”) is pleased to announce that we have agreed to terms with a major multi-national customer in Papua New Guinea (“PNG”) to provide services in 2021 for the abandonment of a complex legacy exploration well, and the extension of its long-standing drilling services contracts. PNG Well Abandonment The well abandonment project is for a subsidiary of a major multi-national energy company. It requires deployment of the Company’s heli-portable Rig 115 as well as two 100 bed heli-portable camps accompanied by a suite of support equipment, personnel and services. Conclusion of the agreement is subject to obtaining Bank of Papua New Guinea and other customary approvals. In the near term, the Company plans to deploy the first camp and make ready Rig 115, a second camp and support equipment all of which is coming out of cold stack. Field operations are expected to commence during the fourth quarter of this year, following mobilization to the remote well site. Mike Maguire, Chief Executive Officer commented: “We are excited to be bringing people back to work in PNG and building on the investment we have made in our local workforce and in the preservation of our assets. This first post-COVID deployment follows extensive planning and preparation with our customer and positions High Arctic well to execute future drilling activity in the area.” Exercise of an Option to extend PNG Contracts Additionally, our longest-standing PNG customer has issued notice to High Arctic exercising an option to extend existing contracts to August 2022. CEO Mike Maguire stated “We are delighted with this re-affirmation of the value of our services to our key customer in PNG. The relationship is one of a symbiotic nature where both companies have enhanced the other over more than a decade.” Recent Developments in PNG The two sets of contracts follow a series of recent positive developments in PNG’s natural resources sector. In a statement last week, PNG Prime Minister James Marape indicated that terms have been agreed for the Pasca-A gas condensate development and, that the state negotiating team will be commencing talks with PNG-LNG partners later this month on terms for the P’nyang gas field development. CEO Mike Maguire: “For High Arctic, these developments reinforce our optimism for PNG as momentum for meaningful drilling activity continues to build in the country.” About High Arctic High Arctic’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 is a market leader providing drilling and specialized well completion services and supplies rig matting, camps and drilling support equipment on a rental basis in Papua New Guinea. The western Canadian operation provides well servicing, well abandonment, snubbing and nitrogen services and equipment on a rental basis to a large number of exploration and production companies. For further information, please contact: Mike Maguire Chief Executive Officer 1.587.318.3826 1.800.668.7143 High Arctic Energy Services Inc. Suite 500, 700 – 2nd Street S.W. Calgary, Alberta, Canada T2P 2W1 website: haes.ca Email: info@haes.ca

High Arctic Announces 2021 First Quarter Financial and Operating Results

High Arctic Announces 2021 First Quarter Financial and Operating Results  CALGARY, Canada – May 13, 2021 – High Arctic Energy Services Inc. (TSX: HWO) (the “Corporation” or “High Arctic”) released its’ first quarter results today. Mike Maguire, Chief Executive Officer commented: “We navigated the difficult past twelve months with a keen focus on safe and effective operations and maintaining our reputation for superior quality service. High Arctic is emerging from the global crisis with a strong balance sheet and is positioned well to ride the improved market conditions in 2021.  With oil and gas prices having sustained a return to pre-pandemic levels, our customer base is considering opportunities to expand their business activities. Sequential quarterly increases in utilization of our services in Canada has been achieved and I believe we are well placed for high growth in a significantly stronger Canadian market.   In PNG a Covid-19 spike put a stop to almost all activities during the quarter, resulting in a short-term drain on our earnings as we continued to maintain operational readiness.  We expect to benefit from this readiness later in 2021 as government and industry covid-19 prevention strategies take hold, travel restrictions are lessoned and business activities increase. In addition, the Papua LNG partners recently announced remobilization to complete project pre-feed which is a key step on the pathway to a final investment decision.  I believe that our commitment to PNG will, in time, provide significant upside for our shareholders.” HIGHLIGHTS The following highlights the Corporation’s results for Q1-2021: First quarter revenue of $17.8 million, EBITDA of $1.2 million, compared to $39.6 million and $5.5 million respectively in Q1-2020 and a slight improvement over Q4-2020 with $16.6 million and $0.7 million respectively. Total Energies SA recently announced its intention to remobilize teams and resources needed to proceed with development of the Papua LNG project. Balance sheet and liquidity remains strong with cash of $21.0 million, no long-term debt and liquidity that includes an undrawn $45.0 million revolving loan facility. Patent pending on a new low emission electric service rig design. The Corporation’s strategic priorities for 2021 include: Safety excellence and focus on quality service delivery through consistent global standards; Cost control focused on operating cash flow, while balancing strategic priorities to fuel growth; The pursuit of opportunities that secure the Corporation’s future as a lower emissions energy services provider; Growth and divestiture opportunities that enhance shareholder value, align with our core service offerings, and are located in well understood markets; and Disciplined working capital management and capital stewardship to improve returns for shareholders that potentially include dividends and common share buybacks. For more than a year High Arctic has been internally progressing work on a practical process to convert existing Concord well servicing rigs to a reliable, efficient and inexpensive electric drive.  We are pleased to announce that patent is pending on the design and we plan to identify industry partners to further test the technology at a pilot site in 2021.  We see tremendous opportunity for the deployment of this technology in Western Canada, particularly in thermal well applications where existing supply of electrical power of adequate capacity is already available.  Crucially at this stage of development the upgraded service rig maintains its ability to self-propel down the highway.  The upgrade is estimated to reduce the Co2 emissions of a well service rig over the well-bore by more than 35% compared to current diesel-powered rigs. ——————– The unaudited interim consolidated financial statements (“Financial Statements”) and management discussion & analysis (“MD&A”) for the quarter ended March 31, 2021 will be available on SEDAR at www.sedar.com, and on High Arctic’s website at haes.ca. Non-IFRS measures, such as EBITDA, Adjusted EBITDA, Adjusted net earnings (loss), Oilfield services operating margin, Operating margin %, Percent of revenue, Funds provided from operations, Working capital and Net cash are included in this News Release. See Non-IFRS Measures section, below. All amounts are denominated in Canadian dollars (“CAD”), unless otherwise indicated. Within this News Release, the three months ended March 31, 2021 may be referred to as the “Quarter” or “Q1-2021”. The comparative three months ended March 31, 2020 may be referred to as “Q1-2020”. References to other quarters may be presented as “QX-20XX” with X being the quarter/year to which the commentary relates. 2021 Q1 For further information contact:   Michael J. Maguire                                                 Chief Executive Officer P: +1 (587) 318 3826 P: +1 (800) 688 7143   High Arctic Energy Services Inc. Suite 500, 700 – 2nd Street S.W. Calgary, Alberta, Canada T2P 2W1   website: haes.ca Email: info@haes.ca

High Arctic to Announce First Quarter Results

High Arctic to Announce 2021 First Quarter Results Calgary, Alberta,  May 10, 2021: High Arctic Energy Services Inc. (TSX: HWO) “High Arctic” or the “Corporation” intends to release its 2021 first quarter results on Thursday, May 13, 2021 after markets close and has scheduled a conference call to begin at 11:00 am MT (1:00 pm ET) on Friday May 14, 2021. The conference call dial in numbers are 1-800-952-5114 or 416-641-6104 and the participant passcode is 9161609#. An archived recording of the conference call will be available approximately two hours after the call ends by dialing 1-800-408-3053 and will remain available until June 14, 2021. An audio recording of the conference call will also be available within 24 hours on High Arctic’s website. The Corporation’s First Quarter Financial Statements and Management’s Discussion & Analysis will be posted to High Arctic’s website and SEDAR after the results are released. About High Arctic High Arctic’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 is a market leader providing drilling and specialized well completion services and supplies rig matting, camps and drilling support equipment on a rental basis in Papua New Guinea. The western Canadian operation provides well servicing, well abandonment, snubbing and nitrogen services and equipment on a rental basis to a large number of exploration and production companies. For further information, please contact:   Mike Maguire Chief Executive Officer 1.587.318.3826 1.800.668.7143       High Arctic Energy Services Inc. Suite 500, 700 – 2nd Street S.W. Calgary, Alberta, Canada T2P 2W1 website:  haes.ca Email:  info@haes.ca

High Arctic Announces Resignation of Chief Financial Officer

CALGARY, Alberta, March 23, 2021 — High Arctic Energy Services Inc. (TSX: HWO) “High Arctic” or the “Corporation” announced today that Christopher Ames, High Arctic’s Vice President of Finance and Chief Financial Officer, tendered his resignation with effect April 2, 2021. The Company has begun the process of recruiting a new executive, including a review of internal candidates. Mike Maguire, High Arctic’s Chief Executive Officer commented: “On behalf of High Arctic and our team of employees in Canada, Papua New Guinea and Australia, I would like to wish Christopher well with his new career direction outside the energy service industry. Chris’ enthusiasm and work focus has been a stabilizing influence during his one-year tenure, including the recent filing of year-end disclosures.”   About High Arctic High Arctic’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 is a market leader providing drilling and specialized well completion services and supplies rig matting, camps and drilling support equipment on a rental basis in Papua New Guinea. The western Canadian operation provides well servicing, well abandonment, snubbing and nitrogen services and equipment on a rental basis to a large number of exploration and production companies. For further information, please contact: Michael J. Maguire Chief Executive Officer 403.508.7836 1.800.668.7143 High Arctic Energy Services Inc. Suite 500, 700-2nd Street S.W. Calgary, Alberta, Canada T2P 2W1 Website haes.ca Email: info@haes.ca

High Arctic Announces 2020 Fourth Quarter and Year End Financial and Operating Results

CALGARY, Canada – March 11, 2021 – High Arctic Energy Services Inc. (TSX: HWO) (the “Corporation” or “High Arctic”) released its fourth quarter and year-end results today. The audited consolidated financial statements, management discussion & analysis (“MD&A), and annual information form for the year ended December 31, 2020 will be available on SEDAR at www.sedar.com, and on High Arctic’s website at haes.ca. Non-IFRS measures, such as EBITDA, Adjusted EBITDA, Adjusted Net Earnings (Loss), and working capital are included in this News Release. See Non-IFRS Measures section, below. All amounts are denominated in Canadian dollars (“CAD”), unless otherwise indicated. Mike Maguire, Chief Executive Officer commented: “The positive market outlook for oil and gas was confirmed in the rising utilization of our services in Canada through the quarter. The continuing momentum in oil and gas price appreciation through the start of 2021 creates an expectation that utilization will continue to improve. The prompt action we took in March 2020 to restructure our management and markedly reduce expenditures has ensured that we are financially positioned to take advantage of this increased demand. The PNG parliament enacted into legislation the key elements of the Papua LNG Gas Agreement and signed a Fiscal Stability Agreement with the project partners that cleared the path forward for the Papua LNG project in the near future. I believe that our continual focus on high quality safe and effective operations has protected the health of our employees and maintained our stellar reputation for quality service. This, combined with our well maintained equipment, has primed us to leverage work opportunities as they arise.” For the full copy of the release click the link below. High Arctic Reports 2020 Fourth Quarter and Year End Financial and Operating Results

High Arctic to Announce 2020 End of Year and Fourth Quarter Results

Calgary, Alberta,  March 8, 2021: High Arctic Energy Services Inc. (TSX: HWO) “High Arctic” or the “Corporation” intends to release its 2020 fourth quarter results on Thursday, March 11, 2021 after markets close and has scheduled a conference call to begin at 10:00 am MT (12:00 pm ET) on Friday March 12, 2021. The conference call dial in numbers are 1-800-806-5484 or 416-340-2217. 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 1070643# and will remain available until April 11, 2021. An audio recording of the call will also be available within 24 hours on High Arctic’s website. The Corporation’s Audited Financial Statements, together with Management’s Discussion & Analysis and the Annual Information Form will be posted to High Arctic’s website and SEDAR after the results are released. About High Arctic High Arctic’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 is a market leader providing drilling and specialized well completion services and supplies rig matting, camps and drilling support equipment on a rental basis in Papua New Guinea. The western Canadian operation provides well servicing, well abandonment, snubbing and nitrogen services and equipment on a rental basis to a large number of exploration and production companies. For further information, please contact: Christopher Ames VP Finance &  Chief Financial Officer Phone: 403-508-7836 1-800-668-7143 info@haes.ca