News Releases

Calgary, Alberta August 29, 2016: High Arctic Energy Services Inc. (“High Arctic” or the “Corporation”) (TSX:HWO) is pleased to announce that it has entered into an asset purchase agreement to acquire all of the operating assets and business operations of Tervita Corporation’s (“Tervita”) Production Services Division (the “PS Division”) for an aggregate purchase price of $42.8 million, payable in cash (the “Transaction”). Through this Transaction, High Arctic adds to its Canadian business operations a fleet of 68 marketed service rigs and related support equipment, a surface equipment rentals division and an engineering services division which provides solutions to assist in the management of abandonment and compliance programs. In addition, this Transaction provides High Arctic with seven new operational bases located in key basins in Alberta, five of which are owned. Michael Binnion, High Arctic’s Chairman, said “With a 37-year history, Tervita and its predecessor, Concord Well Servicing, is one of the largest and preeminent leaders in western Canada’s well servicing industry. Tervita’s strong operational and safety performance has allowed it to achieve industry leading utilization with some of Canada’s largest oil and gas exploration and production companies. This transaction diversifies our revenue base and provides us with immediate critical mass in the Canadian well servicing industry. We are excited about the operational synergies and future growth opportunities this broader platform provides.” With approximately $64.0 million generated in revenue on a trailing twelve month basis, ending June 30, 2016, the PS Division adds significant growth to High Arctic’s Canadian business operations and provides a platform for future growth. Tervita’s PS Division management team along with the combined team of approximately 300 experienced and trained personnel will join High Arctic and will continue to operate the business post-closing, ensuring continuity of quality service for the PS Division’s customers. STRATEGIC HIGHLIGHTS Through this Transaction, High Arctic adds immediate growth to the Corporation’s Canadian operations and is an important and measured step forward in adding diversification to its geographic business operations. With 68 marketed rigs, Tervita’s PS Division operates the third largest marketed well servicing fleet in Canada (source: CAODC) and through its strong operational and safety performance has achieved industry leading utilization with some of the industry’s largest exploration and production companies. The combination of Tervita’s PS Division with High Arctic’s existing snubbing, N2 and rentals business in Canada will provide High Arctic a strong foundation to support future growth by leveraging off the following transaction benefits: Scale – Third largest marketed well servicing fleet in Canada and the second most active as measured by total hours of operation in 2015 and the first half of 2016 (source: CAODC), provides for efficient and cost effective operations. Expanded Customer Base – The addition of the PS Division and its long-term relationships with a number of the industry’s top-tier exploration and production companies further enhances High Arctic’s customer base. Industry Leading Safety Performance – Safety is a cornerstone of High Arctic’s business and the addition of the PS Division’s industry leading safety performance further strengthens High Arctic’s safety culture which is sought by the industry’s leading exploration and production companies. Leverage to Production – Revenues are closely tied to production and the optimization of existing wells, which provides more stable activity levels. Expanded Service Offering – Ability to provide additional service solutions to High Arctic’s customers. Geographic Coverage – The addition of seven new operating bases, five of which are owned, provides High Arctic with coverage across many of the key operating basins in Alberta and British Columbia. Diversification – Provides High Arctic with additional leverage to Canadian oil and gas activity and in particular long-term established heavy oil projects. PURCHASE SUMMARY High Arctic is acquiring the PS Division (excluding working capital) for $42.8 million. The transaction is being completed with High Arctic’s existing cash and debt facility resources, with no current equity dilution to High Arctic’s existing shareholders. Pro forma the transaction, High Arctic will maintain an attractive balance sheet with minimal net debt. The Transaction is subject to customary commercial closing conditions and is expected to close on or about August 31, 2016. PillarFour Capital Inc. is acting as exclusive financial advisor to High Arctic with respect to the Transaction. EXECUTIVE RETIREMENT Tim Braun has informed the Corporation of his intent to retire. As a result, combined with the timing of the above acquisition, the decision was made to proceed immediately to appoint Thomas Alford as interim President and CEO.  Mr. Alford brings over 35 years of experience in well servicing in Western Canada, having formerly been the President and CEO of IROC Energy Services and Bonus Resource Services Corp.  Mr. Alford will remain on High Arctic’s board. Michael Binnion, Chairman of High Arctic’s board of directors said “We would like to thank Tim for his dedication and efforts in growing the drilling operations in our Papua New Guinea business over the last two years. Additionally we are excited about Tom agreeing to take on the interim President and CEO role and capitalizing on the potential growth that the Tervita transaction provides us.” CONFERENCE CALL High Arctic will be holding a conference call on August 29, 2016 at 2:00 p.m. MST to further discuss the transaction. To access the conference call by telephone dial: 1-866-225-0198 or 1-416-340-2218. The conference call will be available for replay two hours after the call ends at 1-800-408-3053 and entering passcode 4945994. It will remain available until September 6, 2016. An audio recording of the call will also be available within 24 hours on the Corporation’s website at www.haes.ca. About High Arctic High Arctic is a publicly traded corporation 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 will … Read more

High Arctic Reports 2016 Second Quarter Results

Calgary, Canada – July 25, 2016 – High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Corporation”) is pleased to announce the appointment of Ember Shmitt to the Corporation’s board of directors. Mrs. Shmitt is currently the Director of Investor Relations at Cyrus Capital Partners, which is a New York based SEC registered investment adviser and currently holds on behalf of the funds it manages approximately 42% of High Arctic’s outstanding shares. She has over 10 years of experience in financial strategy, investor relations, and firm branding.  Mrs. Shmitt successfully completed the Chartered Financial Analyst program and has been awarded the CFA designation.  Mrs. Shmitt graduated with highest honors from the University of Wisconsin at La Crosse with a Bachelor of Science degree in Finance. Mr. Binnion states “We are pleased to have Ember join our board who will provide a diverse point of view. Her extensive experience in investor relations will be a valuable addition“ High Arctic also announces that Darren Greer is resigning from the position of President, International Operations in order to pursue another senior executive opportunity in an Australian exploration and production company effective August 19, 2016. During Darren’s tenure, High Arctic’s international management team was bolstered and as such, the Corporation has no immediate plans to replace Mr. Greer’s role. His duties will be taken on by Tim Braun, President and CEO, and Mike Maguire, Vice President, International Operations. Mr. Braun states “On behalf of the Board of Directors and Senior Management, I would like to thank Darren for his contributions in the growth of High Arctic’s international operations over the last two years. While Darren’s contributions will be missed, I am confident that Mike and our international team members can continue to successfully lead our international 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. For more information, please contact: Tim Braun Chief Executive Officer Phone: (587) 318-3826 Email: tim.braun@z6a.d3d.myftpupload.com Brian Peters Chief Financial Officer Phone: (587) 318-2218 Email: brian.peters@z6a.d3d.myftpupload.com  

Calgary, Canada – June 29, 2016 – High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Company”) is pleased to provide an update on its activities in Papua New Guinea (“PNG”). High Arctic welcomes the recent announcement of a proposed transaction to combine two of the Company’s largest customers in PNG. These customers have declared they believe the combination will create stronger support for the construction of an additional LNG project.  The proposed combination will result in Rigs 115 and 116 being under contract to the combined entity, in addition to Rigs 103 and 104, which High Arctic currently operates on behalf of one of the customers.  High Arctic believes there will be opportunities for synergies and efficiencies for its rigs under a common operatorship and looks forward to working with its long term customer to realize these synergies. Rig 103 is currently completing a drilling program in the Western Province, which is expected to be completed in the fourth quarter of 2016. Rig 104 is currently on standby awaiting the commencement of its next well, Muruk-1, which is expected to commence in the fourth quarter of 2016.  Demobilization of Rig 115 from its last well has been completed and the rig will begin mobilization in July to drill Antelope 7.  Rig 116 remains on standby in Port Moresby. High Arctic also announces that it has entered into agreements with its customer for an interim extension to its drilling and related services contracts for Rig 104 until October 31, 2016. Rig 103’s contract is also extended as part of the contract assignment to another customer to complete their drilling program in the Western Province.  High Arctic continues to progress discussions with its customer towards a long-term extension of its drilling and support services contracts for Rigs 103 and 104. Mr. Braun states “These are exciting developments in Papua New Guinea and we congratulate our customers on their progress towards building a new LNG project in PNG which provides some of the lowest supply cost LNG in the world. We are proud to have been a part of the LNG development in PNG over the last nine years and are committed to continuing to provide strong safety and operational performance, which are so important in a remote location such as PNG.  Our strong safety performance is exemplified by our recent receipt of the International Drilling Contractors Association Award for the best safety statistics for the Australasia onshore region in 2015.” 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. For more information, please contact: Tim Braun Chief Executive Officer Phone: (587) 318-3826 Email: tim.braun@z6a.d3d.myftpupload.com Brian Peters Chief Financial Officer Phone: (587) 318-2218 Email: brian.peters@z6a.d3d.myftpupload.com  

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 Announces the Appointment of the Honourable Joe Oliver to its Board of Directors Calgary, Canada – June 20, 2016 – High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Corporation”) is pleased to announce the appointment of the Honourable Joe Oliver, former Minister of Finance and Minister of Natural Resources for the Government of Canada, to its Board of Directors. Michael Binnion, Chairman, stated “We are very pleased with the addition of Mr. Oliver to the Board. His experience in the natural resources sector, securities regulations, and the international financial community will be beneficial to the Corporation as it explores expansion both internationally and within Canada.” Mr. Oliver was a federal Member of Parliament from May, 2011 to April, 2015 and served first as Minister of Natural Resources and then as Minister of Finance during his term in office. Previously, he was a senior investment banker with Merrill Lynch, Nesbitt Thomson and First Marathon and has served as Executive Director of the Ontario Securities Commission and as the President and CEO of the Investment Dealers Association of Canada. Recently, Mr. Oliver was appointed Distinguished Senior Fellow of the Montreal Economic Institute and Chairman of the Advisory Board at Origin Merchant Partners, an investment bank. He received a Bachelor of Arts degree and a Bachelor of Civil Law degree from McGill University and an MBA from the Harvard Business School in 1970. 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. For more information, please contact: Tim Braun Chief Executive Officer Phone: 587-318-3826 Email: tim.braun@z6a.d3d.myftpupload.com Brian Peters Chief Financial Officer Phone: 587-318-2218 Email: brian.peters@z6a.d3d.myftpupload.com

High Arctic Reports 2016 First Quarter Results