2024

CALGARY, Alberta – March 31, 2025, 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, 2024 will be available on SEDAR at www.sedar.com, and on High Arctic’s website at www.haes.ca. All amounts are denominated in Canadian dollars (“CAD”), unless otherwise indicated. Mike Maguire, Interim Chief Executive Officer commented: “With 2024 complete High Arctic has effectively been reset and is now a Canadian focused platform characterized by minimal debt, investment holdings, and an established and viable high margin rental business. Our rental business footprint, while still small in scale, was bolstered by the Delta Acquisition completed in late 2023, an acquisition that is indicative of the type and structure of accretive investments High Arctic looks to pursue going forward. The Board of Directors is currently undergoing a process to recruit and appoint a new Chief Executive Officer to augment and lead High Arctic’s vision and strategic plan which is to grow its equipment rentals business and position itself to benefit from upstream energy service activity levels in the western Canadian oil and gas industry.” In the following discussion, the three months ended December 31, 2024 may be referred to as the “Quarter” or “Q4 2024”, and similarly the year ended December 31, 2023 may be referred to as “YTD 2023”. The comparative three months ended December 31, 2023 may be referred to as “Q4 2023” and similarly the year ended December 31, 2022 may be referred to as “YTD 2022”. References to other quarters may be presented as “QX 20XX” with X being the quarter/year to which the commentary relates. 2024 Highlights • Successful integration of Delta Rental Services. • Completed the reorganization of High Arctic including the return of $37.8 million to shareholders. • Maintained operational excellence and safety as evidenced by the continuation of recordable incident free work. • Exited Q4 with net positive working capital of $2.7 million, including $3.1 million of cash. 2025 Strategic Objectives With the corporate restructuring and spinoff of the PNG business complete, the Corporation’s 2025 strategic objectives include: • Relentless focus on safety excellence and quality service delivery; • Grow the core businesses through selective and opportunistic investments; • Actively manage direct operating costs and general and administrative costs; • Steward capital to preserve balance sheet strength and financial flexibility; and • Execute on accretive acquisitions in Canada to drive shareholder value and optimize available tax loss carry-forwards. 2024 Strategic Objectives At the beginning of 2024, High Arctic established a set of strategic priorities. Our priorities and highlights of objectives met include: • Continued relentless focus on safety excellence and quality service delivery. o High Arctic’s Canadian business completed 2024 without any recordable incidents, contributing to the Corporation’s second calendar year running with a zero Total Recordable Incident Frequency Rate (“TRIF”) rate. o High Arctic extended its recordable incident free activity in PNG, with 7 years and 353 days of continuous recordable incident free work conducted to the date of the spin-out, representing over 4 million work hours. • The creation of appropriate capital and corporate structures for the current businesses, providing the opportunity to consider transactions which would create value for the Corporation’s shareholders. o The Arrangement was overwhelmingly supported by shareholders and resulted in separate public companies each focused upon their area of expertise. • A return of significant capital and spin out of the PNG Business to shareholders. o The Arrangement resulted in separate public companies while also delivering a tax efficient return of capital totaling $37.8 million to shareholders. o The Corporation retained its position on the main TSX (TSX: HWO); with High Arctic Overseas Holdings Corp. being listed on the TSX Venture Exchange (TSXV: HOH). • Grow the core businesses through selective and opportunistic investments. o The Corporation focused on the very successful integration and rebranding of its rentals business in 2024, following its acquisition and amalgamation of the Delta Acquisition at the end of 2023. o The middle of the year was dedicated to the business of the Arrangement and the resulting transitionary work, however later in the year, the Corporation commenced the examination of selective investment opportunities, with this work continuing into 2025. • Capital stewardship that preserves balance sheet strength and financial flexibility. o The Delta acquisition has provided incremental free cash flow and operational synergies. o The Corporation currently maintains low debt levels and associated leverage ratios. o Exited 2024 with a working capital ratio of 1.6:1 • Building up the Canadian business with acquisitions that allow the Corporation to optimize its available tax loss carry-forwards. o The Delta acquisition creates a blueprint for accretive acquisitions that position the Corporation to improve its ability to utilize its significant tax loss carry-forwards. o The Corporation, under the stewardship of the Board, continues its strategic review of potential acquisition targets HAES PR Annual 2024

CALGARY, Alberta – November 13, 2024, High Arctic Energy Services Inc. (TSX: HWO) (the “Corporation” or “High Arctic”) has released its’ third quarter financial and operating results. The unaudited consolidated financial statements and management discussion & analysis (“MD&A”) for the three and nine months ended September 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. Mike Maguire, Interim Chief Executive Officer commented on the Corporation’s third quarter 2024 financial and operating results: “I am very pleased that we completed the strategic re-organization of the Corporation in the third quarter, returning a sizeable amount of capital to our shareholders and spinning out the PNG Business to shareholders via High Arctic Overseas Holdings Corp. listed on the TSX Venture Exchange. The acquisition and integration of Delta Rental Services has delivered positive adjusted EBITDA and cash generation. We have commenced cost rationalization, particularly focussed on general and administrative costs along with overhead cost reduction initiatives. Combined with our equity investment in Team Snubbing and owned real estate, High Arctic is positioned as an attractive vehicle for future growth and transactions.” 2024 THIRD QUARTER HIGHLIGHTS  Completed the re-organization of High Arctic including the return of $37.8 million to shareholders and the spinout of the PNG Business as High Arctic Overseas Holdings Corp., independently listed on the TSX Venture Exchange.  Increased revenue from operations from $2.3 million to $8.0 million year to date on a comparative basis as a result of the Delta Acquisition.  Exited Q3 2024 with net positive working capital of $4.9 million and access to $4.1 million of cash at bank.  Reconciled and took action to reduce general and administrative costs, including a sizeable reduction in board cost and director compensation.  Progressed post-reorganization transitional arrangements towards establishing dedicated stand-alone leadership of the Corporation. 2024 THIRD QUARTER RESULTS  Increased revenue from continuing operations by $1,491 or 147% in the quarter when compared to revenue of $1,015 from Q3 2023 as a result of the impact of the Delta Acquisition on the 2024 results.  Generated net income from continuing operations of $125 in the quarter as compared to $498 in Q3 2023. The decrease is primarily due to the 2023 $615 gain on sale of the nitrogen business, $373 lower interest income with the return of capital to shareholders, and $403 lower equity investment income from Team Snubbing in the quarter.  Achieved positive Adjusted EBITDA from continuing operations of $383 in the quarter versus negative Adjusted EBITDA for Q3 2023 of $700.  Production Service’s 42% equity investment share of Team Snubbing Services Inc. (“Team Snubbing”) net income returned to positive earnings of $105 in the quarter compared to a loss of $889 in Q2 2024 and earnings of $508 in the comparative third quarter of 2023. 2024 YEAR TO DATE RESULTS  Similar to the discrete quarter results, High Arctic’s revenue from continuing operations increased 242% to $8,027 compared to revenue of $2,347 achieved in the first nine months of 2023 as a result of the Delta Acquisition on 2024 results.  Generated a net loss from continuing operations of $1,402 in the quarter as compared to $1,208 in Q3 2023. The higher loss, despite an improvement of $1,323 in operating income, is primarily due to the 2023 $615 gain on sale of the nitrogen business, $262 lower interest income with the July 2024 return of capital to shareholders, and $745 lower equity investment income from Team Snubbing in the year-to-date period.  Achieved strong oilfield services operating margins from continuing operations of 50.6% for the nine months in 2024.  Production Service’s 42% equity investment share of Team Snubbing Services Inc. net loss was $294 for the nine months ended September 30, 2024 as compared to positive net income of $451 in the comparative period in 2023. Regional expansion into Alaska has weighed on earnings during the past twelve months.  Cash from operating activities from continuing operations was $487 in the quarter and a use of $42 for the nine months ended September 30, 2024, an improvement for the quarter as compared to the respective prior year comparatives of $172 and $359.  Significantly lowered the use of funds flow from operations from continuing operating activities as the nine months of 2024 generated a use of funds of $46 compared to a use of funds of $957 for the nine months of 2023 driven by strong operational performance from the Delta Acquisition partially offset by the significant additional G&A expenses incurred in 2024 due to the corporate reorganization initiatives. In the above results discussion, the three months ended September 30, 2024 may be referred to as the “quarter” or “Q3 2024” and the comparative three months ended September 30, 2023 may be referred to as “Q3 2023”. References to other quarters may be presented as “QX 20XX” with X/XX being the quarter/year to which the commentary relates. Additionally, the nine months ended September 30, 2024 may be referred to as “YTD” or “YTD 2024”. References to other nine-month periods ended September 30 may be presented as “YTD 20XX” with XX being the year to which the nine-month period ended September 30 commentary relates. All amounts are expressed as thousands of Canadian dollars. 241114 HAES – News Release – Q3 2024 Results

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