News Releases

Calgary, Canada – August 20, 2018 – High Arctic Energy Services Inc (“High Arctic”) is pleased to announce it has acquired all of the shares of Powerstroke Well Control Ltd (“Powerstroke”), increasing its snubbing and well service fleet and expanding its geographic footprint. Powerstroke is a well service company established in 2004, currently operating a total of eight hydraulic work over units and a heavy capacity new build service rig and drilling package. Powerstroke is headquartered in Grand Prairie, Alberta, and has offices in Greeley, Colorado and Williston, North Dakota, where they have been successfully offering snubbing service and well services to companies operating in the Bakken, North Dakota and in the Niobrara, Colorado. The purchase price is a total of $9.4 million which consists of the reimbursement of costs for the new build service rig and the balance based on an adjusted EBITDA multiple of 5x for the established snubbing business. The acquisition establishes an entry into the United States for High Arctic, where it plans on expanding its well service offering. The trend toward longer well bores and increased number of stages in each well bore has increased the demand for pressure control equipment required for well completions. After the acquisition High Arctic will own 17 snubbing units, making it the largest snubbing operator in Canada. Of the total fleet of 17 snubbing units it is planned that eight units will be marketed in the United States, initially focused on well service and completion work in the Niobrara and the Bakken. The acquisition will also allow for immediate service rig equipment deployment in the United States, and increases High Arctic’s well service rig count to 58. As part of the acquisition Tim Dewald will join High Arctic as the Vice President, Pressure Services and Business Development and Matt MacLean will join as Vice President, US Operations. Mr. J. Cameron Bailey, Chief Executive Officer commented: “We are very pleased we could form a business combination consisting of Powerstroke and High Arctic, as both companies have a reputation of providing very high-quality service to its clients. We are particularly excited about our ability to help build upon the success Powerstroke has had with its offering of services in the United States.” 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 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 Canadian and US operation provides well servicing, well abandonment, snubbing and nitrogen services and equipment on a rental basis to a large number of oil and natural gas exploration and production companies operating in Western Canada and the United States. For further information contact: J. Cameron Bailey Chief Executive Officer Phone: 587-318-3826 Email: cam.bailey@haes.ca Jim Hodgson Chief Financial Officer Phone: 587-318-2218 Email: jim.hodgson@haes.ca

[fusion_builder_container hundred_percent=”no” equal_height_columns=”no” menu_anchor=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” background_color=”” background_image=”” background_position=”center center” background_repeat=”no-repeat” fade=”no” background_parallax=”none” parallax_speed=”0.3″ video_mp4=”” video_webm=”” video_ogv=”” video_url=”” video_aspect_ratio=”16:9″ video_loop=”yes” video_mute=”yes” overlay_color=”” video_preview_image=”” border_size=”” border_color=”” border_style=”solid” padding_top=”” padding_bottom=”” padding_left=”” padding_right=””][fusion_builder_row][fusion_builder_column type=”1_1″ layout=”1_1″ background_position=”left top” background_color=”” border_size=”” border_color=”” border_style=”solid” border_position=”all” spacing=”yes” background_image=”” background_repeat=”no-repeat” padding_top=”” padding_right=”” padding_bottom=”” padding_left=”” margin_top=”0px” margin_bottom=”0px” class=”” id=”” animation_type=”” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” center_content=”no” last=”no” min_height=”” hover_type=”none” link=””][fusion_text] High Arctic Reports 2018 Second Quarter Results [/fusion_text][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]

[fusion_builder_container hundred_percent=”no” equal_height_columns=”no” menu_anchor=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” background_color=”” background_image=”” background_position=”center center” background_repeat=”no-repeat” fade=”no” background_parallax=”none” parallax_speed=”0.3″ video_mp4=”” video_webm=”” video_ogv=”” video_url=”” video_aspect_ratio=”16:9″ video_loop=”yes” video_mute=”yes” overlay_color=”” video_preview_image=”” border_size=”” border_color=”” border_style=”solid” padding_top=”” padding_bottom=”” padding_left=”” padding_right=””][fusion_builder_row][fusion_builder_column type=”1_1″ layout=”1_1″ background_position=”left top” background_color=”” border_size=”” border_color=”” border_style=”solid” border_position=”all” spacing=”yes” background_image=”” background_repeat=”no-repeat” padding_top=”” padding_right=”” padding_bottom=”” padding_left=”” margin_top=”0px” margin_bottom=”0px” class=”” id=”” animation_type=”” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” center_content=”no” last=”no” min_height=”” hover_type=”none” link=””][fusion_text] Calgary, Canada – August 9, 2018: High Arctic Energy Services Inc is pleased to announce that it has agreed to terms with Oil Search Limited (“OSL”, http://www.oilsearch.com/) for a three year contract renewal for its primary contracts in Papua New Guinea (“PNG”) covering the Drilling Rigs 103 and 104 and the drilling support services related to the supply of personnel and rental equipment to support the related drilling operations. The renewal will be effective August 1, 2018 for a three year term and includes options to further extend on the same terms and conditions. The two parties have agreed to suspend any further discussions on the formation of a joint owned drilling company but have not ruled out revisiting discussions on a commercial arrangement regarding the ownership and operations management of the OSL drilling rigs in PNG again in the future. Commenting on the renewal, Bill Easson, General Manager Drilling, for OSL, said; “The renewal of these contracts follows a long period of joint review of the best commercial mechanisms to most cost effectively deliver high quality drilling services in Papua New Guinea. Over the last decade, our companies have forged a strong partnership that continues to set the benchmark for safe and efficient well construction in the challenging PNG environment. This contract commitment reflects Oil Search’s recognition of, and confidence in, High Arctic’s quality service delivery in Papua New Guinea.” The PNG-LNG facility which was shutdown for a period following a significant earthquake in February has returned to full production (more details can be found at http://www.pnglng.com.) High Arctic anticipates the announcement of a decision to expand this facility and develop the Papua LNG project as per guidance provided by the main participants earlier this year. With a new three year agreement in place, High Arctic is well positioned to deliver the services required by OSL to continue both its exploration-appraisal and development program that will contribute to the expansion of the PNG-LNG facility. Currently Rig 103 is drilling Barakewa 3 which aims to confirm additional gas reserves in that field. It is anticipated that Rig 104 will soon recommence moving to the Muruk 2 well site, where it will test the extent of the field discovered last year with the drilling of Muruk 1. Mike Maguire, President – International for High Arctic, commented “We have been working with OSL continuously since first arriving in Papua New Guinea in 2007 and have been committed from day one to being their partner of choice in accomplishing their goals in Papua New Guinea. We are pleased when reflecting back on the growth of our two organizations during the past ten years together. OSL has a deep commitment to PNG and invests heavily in the communities it works in. They led from the front during the recent earthquake on recovery and support and we were pleased to be able to help them. Our joint focus on safety and the wellbeing of those in our community underpins this commitment. We are proud to be OSL’s drilling service company of choice, helping them to deliver on their commitments to the country, their communities, workers and shareholders.” The terms of the extensions are substantially similar to the previous contracts with some inflationary provisions in the drilling rig day rates applying annually through the term, and some increased flexibility in scaling the operation and reducing costs to both parties. This cornerstone contract is flexible and scalable with activity and positions High Arctic well to respond quickly to the future drilling opportunities. 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 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 Canadian operation provides well servicing, well abandonment, snubbing and nitrogen services and equipment on a rental basis to a large number of oil and natural gas exploration and production companies operating in Western Canada. For further information contact: J. Cameron Bailey                                 Chief Executive Officer Phone: 587-318-3826 Email: cam.bailey@haes.ca Jim Hodgson Chief Financial Officer Phone: 587-318-2218   Email: jim.hodgson@haes.ca [/fusion_text][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]

[fusion_builder_container hundred_percent=”no” hundred_percent_height=”no” hundred_percent_height_scroll=”no” hundred_percent_height_center_content=”yes” equal_height_columns=”no” menu_anchor=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” gradient_top_color=”” gradient_bottom_color=”” gradient_type=”vertical” gradient_direction=”0deg” gradient_force=”yes” background_color=”” background_image=”” background_position=”center center” background_repeat=”no-repeat” fade=”no” background_parallax=”none” enable_mobile=”no” parallax_speed=”0.3″ video_mp4=”” video_webm=”” video_ogv=”” video_url=”” video_aspect_ratio=”16:9″ video_loop=”yes” video_mute=”yes” video_preview_image=”” border_size=”” border_color=”” border_style=”solid” margin_top=”” margin_bottom=”” padding_top=”3%” padding_right=”10%” padding_bottom=”0px” padding_left=”10%”][fusion_builder_row][fusion_builder_column type=”1_1″ layout=”1_1″ background_position=”left top” background_color=”” border_size=”” border_color=”” border_style=”solid” border_position=”all” spacing=”yes” background_image=”” background_repeat=”no-repeat” padding_top=”” padding_right=”” padding_bottom=”” padding_left=”” margin_top=”0px” margin_bottom=”0px” class=”” id=”” animation_type=”” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” center_content=”no” last=”no” min_height=”” hover_type=”none” link=””][fusion_text] Calgary, Canada – May 18, 2018 – High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Company”) is pleased to announce that Mr. J. Cameron Bailey, CEO of High Arctic, has been appointed to High Arctic’s board of directors effective today. Mr. Bailey joined High Arctic as Chief Executive Officer on November 27, 2017. He has had extensive experience as a founder, senior executive and board member managing the Canadian and international operations of oil field service companies including being the founder and Chairman of an oil field services company operating in Canada and the United States. As previously announced Mr. James (Jim) Hodgson has been appointed High Arctic’s Chief Financial Officer, effective today. Most recently Mr. Hodgson was a director of High Arctic and Audit Committee Chairman. He is a seasoned corporate executive with considerable experience as Chief Financial Officer of several resource companies operating in Canada and internationally. Michael Binnion, Chairman of the Board commented “I am pleased to welcome Cam to the High Arctic board and am confident he will help to continue to deliver on High Arctic’s development and profitable growth. His experience and skills are well suited to further the Corporation’s focus on business development through both organic growth and acquisitions.” 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 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 Canadian operation provides well servicing, well abandonment, snubbing and nitrogen services and equipment on a rental basis to a large number of oil and natural gas exploration and production companies operating in Western Canada. For more information, please contact: J. Cameron Bailey                                 Chief Executive Officer Phone: 587-318-3826 Email: cam.bailey@haes.ca Jim Hodgson Chief Financial Officer Phone: 587-318-2218   Email: jim.hodgson@haes.ca [/fusion_text][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]