News Releases

Red Deer, Canada – August 14, 2013 – High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Corporation”) today announced its operating and financial results for the quarter ended June 30, 2013. First Half Highlights During the first half of 2013 the Corporation saw the following achievements: Completed the negotiations for the extensions of contracts that cover the drilling operations for Rigs 103 and 104 in Papua New Guinea (“PNG”) and the drilling support services related to the supply of personnel and rental equipment to support the related drilling.  The extensions are effective July 1, 2013 for a three year term to June 30, 2016. Deployed a new 104 man heli-portable camp in PNG in January, 2013, under the terms of a three year contract. Adjusted EBITDA was $6.6 million for the three months ended June 30, 2013 as compared to $5.2 million for the same period in 2012 and stayed consistent for the first half of 2013 at $19.2 million (2012 – $19.5 million).·  Increased revenue by 8% to $77.7 million for the first half of 2013 as compared to the six months ended June 30, 2012 (11% increase to $32.9 million for the three months ended June 30, 2013 as compared to the same period in 2012).  Increased the monthly dividend to $0.0125 per share in March, 2013, a 25% increase from the previous monthly dividend amount. Commenting on the results, Bruce Thiessen, High Arctic’s Chief Executive Officer, stated: “In spite of a prolonged spring break-up in Canada which resulted in lower activity levels compared to the prior year, the Corporation was able to increase both year-over year consolidated revenue and EBITDA in the second quarter due to the strong performance of our PNG operations.  Despite the challenges inherent in working in PNG, our business there continues to grow and we see long term opportunities continuing to develop in the country. ” Consolidated revenue for the first six months increased 8% to $77.7 million compared to $71.8 million for the first half of 2012.  The growth in revenue for the period was driven by increased activity in PNG with revenues of $58.2 million compared to $48.6 million for the first six months of 2012 ($28.3 million for the three months ended June 30, 2013; $25.1 million for the three months ended June 30, 2012) as a result of having a second active drilling rig operating in the first half of 2013.  The Corporation continues to see increased revenues derived from its rental fleet with growth of approximately $2.6 million from its rental operations in PNG contributing to increased revenues for the first six months of 2013. The operations in PNG generated significantly higher revenue in the first half of 2013 which offset the slower activity levels in the Canadian operation.   Despite increased revenues, adjusted EBITDA decreased 3% to $19.2 million for the six months ended June 30, 2013 from $19.5 million for the same period in 2012 due primarily to a reduction in the Canadian operating margin attributable to normal spring break-up and an overall reduced industry activity level. Revenue for Canada was $4.6 million for the second quarter of 2013 (2012 – $4.5 million).  For the first six months of 2013, revenues decreased by $3.7 million (16%) for the same period in 2012 due to reduced revenue levels in the first quarter from the core snubbing and nitrogen businesses as both activities were softer with overall industry activity down.   The operating margins in Canada were adversely affected by the reduced revenue levels and by competitive pricing conditions primarily in the nitrogen operations. Consolidated oilfield services operating margins continued to be strong at 30% of revenue for the six months but fell slightly from 33% earned for the six months ended June 30, 2012.  The percentage was affected by the higher rig rental costs associated with operating an additional active rig in PNG in 2013 and the lower operating margins in Canada which caused the overall reduction of $0.4 million of operating margin. As a result of its continued strong financial results, High Arctic increased its monthly dividend to $0.0125 per share in March, 2013, a 25% increase from the previous monthly dividends paid.  At this monthly rate, the annual dividend will total approximately $7.5 million, which represents an annualized rate of 22% of funds provided from operations during the trailing twelve months ended June 30, 2013. At June 30, 2013, the Corporation had $19.6 million of net cash on hand (June 30, 2012 – $12.6 million) and working capital of $38.2 million (June 30, 2012 – $31.7).  The Corporation also continues to generate strong cash flows from its operations.  For the six months ended June 30, 2013, High Arctic generated $16.3 million (2012- $16.8 million) of funds provided from operations. Selected Comparative Financial Information The following is a summary of selected financial information of the Corporation.  All figures are derived from financial information that is prepared or presented in accordance with International Financial Reporting Standards (“IFRS”):     Three Months Ended June 30   Six Months Ended June 30   $ millions (except per share amounts) 2013 2012 Change %   2013 2012 Change % Revenue 32.9 29.6 3.3 11   77.7 71.8 5.9 8 EBITDA(1) 6.3 4.6 1.7 37   18.7 18.6 0.1 1 Adjusted   EBITDA(1) 6.6 5.2 1.4 27   19.2 19.5 (0.3) (2) Operating   earnings 3.5 2.3 1.2 52   13.3 14.0 (0.7) (5) Net   earnings 2.1 5.7 (3.6) (63)   10.5 16.4 (5.9) (36)      per share   (basic)(2) 0.04 0.12 (0.08)   0.22 0.36 0.14      per share   (diluted)(2) 0.04 0.12 (0.08)   0.21 0.35 0.14     Funds   provided by operations(1) 5.1 3.4 1.7 50   16.3 16.8 (0.5) (3)      per share   (basic)(2) 0.11 0.07 (0.04)   0.34 0.36 (0.02)        per share   (diluted)(2) 0.10 0.07 (0.03)   0.33 0.35 (0.02)   Dividends   1.8 0.5 1.3     3.4 0.5 2.9   Capital   expenditures 4.9 5.3 (0.4) … Read more

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 Executive Changes   Red Deer, Canada – August 6, 2013 – High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Company”) is pleased to announce the appointment of Kevin Doran as President, International.  Prior to the appointment, Kevin held the title of Vice President International Operations.  Based in Singapore, Kevin joined High Arctic in 2006 and has been instrumental in building its business in Papua New Guinea. The new title reflects his overall responsibility for that business region and other international areas. High Arctic intends to further strengthen its international management team in the coming months as the Company continues to develop its international activity with the highest growth potential. Michael Binnion, Chairman of the Board of High Arctic, stated “Kevin is an excellent leader and has built an impressive operation in PNG.  We appreciate his commitment to meeting the expectations of our customers, his focus on safety and the growth of our business in a very challenging operating environment.” The Company also announces that the role of Dennis Sykora, Executive Vice President and General Counsel, will change effective September 30, 2013.  He will continue as a member of the Board of Directors and will provide executive support as a member of the executive committee on a part time retainer basis. About High Arctic The Company is a provider of specialized oilfield equipment and services for drilling, completion and work over operations. Based in Red Deer, Alberta, High Arctic has operations throughout Western Canada and in Papua New Guinea.  The Company’s most recent investor presentation can be found at haes.ca . Further Information Ken Olson Chief Financial Officer Phone: 403-508-7836 ext 103 Email: ken.olson@dev.haes.ca

Red Deer, Canada – August 6, 2013 – High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Company”) is pleased to announce the appointment of Kevin Doran as President, International.  Prior to the appointment, Kevin held the title of Vice President International Operations.  Based in Singapore, Kevin joined High Arctic in 2006 and has been instrumental in building its business in Papua New Guinea. The new title reflects his overall responsibility for that business region and other international areas. High Arctic intends to further strengthen its international management team in the coming months as the Company continues to develop its international activity with the highest growth potential. Michael Binnion, Chairman of the Board of High Arctic, stated “Kevin is an excellent leader and has built an impressive operation in PNG.  We appreciate his commitment to meeting the expectations of our customers, his focus on safety and the growth of our business in a very challenging operating environment.” The Company also announces that the role of Dennis Sykora, Executive Vice President and General Counsel, will change effective September 30, 2013.  He will continue as a member of the Board of Directors and will provide executive support as a member of the executive committee on a part time retainer basis. About High Arctic The Company is a provider of specialized oilfield equipment and services for drilling, completion and work over operations. Based in Red Deer, Alberta, High Arctic has operations throughout Western Canada and in Papua New Guinea.  The Company’s most recent investor presentation can be found at haes.ca . Further Information Ken Olson Chief Financial Officer Phone: 403-508-7836 ext 103 Email: ken.olson@z6a.d3d.myftpupload.com [fusion_builder_container hundred_percent=”yes” overflow=”visible”][fusion_builder_row][fusion_builder_column type=”1_1″ background_position=”left top” background_color=”” border_size=”” border_color=”” border_style=”solid” spacing=”yes” background_image=”” background_repeat=”no-repeat” padding=”” margin_top=”0px” margin_bottom=”0px” class=”” id=”” animation_type=”” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”no” center_content=”no” min_height=”none”][fusion_alert type=”error”]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[/fusion_alert][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]

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 Signs 3 Year PNG Contract Renewals   Red Deer, Canada – June 25, 2013 – High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Company”) is pleased to announce that it has accepted a Letter of Award from Oil Search Limited (“OSL”, http://www.oilsearch.com/) for three year contract extensions for its primary contracts in Papua New Guinea (“PNG”). The extensions will cover the drilling contracts for Rigs 103 and 104 and the drilling support services contract related to the supply of personnel and rental equipment to support the related drilling operations. The new contracts are expected to be signed early in July once the agreed terms are incorporated into the amending agreements.  The new extensions will be effective July 1, 2013 for a three year term to June 30, 2016. Commenting on the renewal, Bill Easson, General Manager Drilling, for OSL, said; “The extension of these contracts reflects Oil Search’s recognition of, and confidence in, High Arctic’s quality service delivery in Papua New Guinea.  Over the last six years, our companies have forged a strong partnership to safely deliver effective drilling results in a very challenging environment.” The PNG LNG facility is currently scheduled to come on stream in 2014 (more details can be found at http://www.pnglng.com ).  This will have a dramatic impact in PNG and on the companies working there.  With a new three year agreement in place, High Arctic is well positioned to deliver the services required by OSL to both continue its oil drilling program that will offset natural declines and to drill for new gas reserves that will be required as feedstock for any additional trains added to the PNG LNG facility. It is currently anticipated that Rig 104 will be fully utilized throughout 2013 in these endeavors; while Rig 103 will operate either on a leap-frog basis with Rig 104 or will be made available for use with other customers should such opportunities arise. Kevin Doran, Vice President International Operations for High Arctic, commented “We have been working with OSL since 2007 and have been committed from day one to being their partner of choice in accomplishing their goals in PNG.  OSL has a deep commitment to the social license to operate in PNG and invests heavily in the communities it works in.  Our joint focus on employee safety underpins this commitment.  We are proud to be OSL’s 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 increases in the drilling rig day rates.  High Arctic successfully worked with OSL to identify substantial cost savings in the drilling support services provided to reflect the lower current drilling activity levels. This included headcount reductions, and rental rate reductions on the support equipment that has been operating in the country for over five years.  The overall effect of these changes is a reduced operating cost platform for OSL, which is scalable with activity, and positions High Arctic to grow with future drilling opportunities. The Company operates three rigs in PNG plus a fleet of support equipment including camps.  Two of the rigs are leased from OSL.  Rig 102, a workover rig owned by High Arctic, has a contract that runs to May 14, 2014 and is not affected by these extensions   Forward-Looking Statements This news release may contain forward-looking statements relating to expected future events and anticipated financial and operating results of the Company that involve risks and uncertainties. Actual results may differ materially from management expectations, as projected in such forward-looking statements, for a variety of reasons, including, but not limited to, market and general economic conditions, and the risks and uncertainties detailed in both the Company’s Management Discussion and Analysis for the year ended December 31, 2012 and the Annual Information Form for the year ended December 31, 2012 found on SEDAR (www.sedar.com). Due to the potential impact of these factors, the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law. About High Arctic The Company, through its subsidiaries, is a provider of specialized oilfield equipment and services, including drilling, completion and work over operations. Based in Red Deer, Alberta, High Arctic has operations throughout Western Canada and in Papua New Guinea.  The Company’s most recent investor presentation can be found at dev.haes.ca. Further Information Ken Olson Chief Financial Officer Phone: 403-508-7836 ext 103 Email: ken.olson@dev.haes.ca

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 Normal Course Issuer Bid  Red Deer, Canada – May 24, 2013– High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Corporation”) is pleased to announce that it has made the necessary filings, and received the necessary approvals to conduct a normal course issuer bid (“NCIB”) through the facilities of the Toronto Stock Exchange (“TSX”). The TSX has accepted the Corporation’s notice to conduct the NCIB to purchase outstanding common shares on the open market, in accordance with the rules of the TSX.  As approved by the TSX, the Corporation is authorized to purchase up to 2,492,716 common shares, representing approximately 5% of the currently issued and outstanding common shares of the Corporation. As of today’s date, there are 49,854,322 common shares outstanding.  On any trading day, High Arctic will not purchase more than 11,634 common shares, other than through block purchase exceptions. The Corporation is authorized to make purchases during the period from May 28, 2013 to May 27, 2014, or until such earlier time as the NCIB is completed or terminated at the option of the Corporation. Any common shares the Corporation purchases under the NCIB will be purchased on the open market through the facilities of the TSX, at the prevailing market price at the time of the transaction. The Corporation has appointed TD Securities Inc. as its broker to conduct the NCIB transactions.  All common shares acquired under the NCIB will be cancelled. During the 12 months preceding May 24, 2013, the Corporation repurchased 285,380 common shares. Management of the Corporation believes that from time to time the market price of the High Arctic common shares may not reflect their underlying value and that, at such times, the purchase of common shares for cancellation will increase the proportionate interest of, and be advantageous to, all remaining shareholders. In addition, the purchases by High Arctic under the NCIB may increase liquidity to the Corporation’s shareholders wishing to sell their common shares. Forward-Looking Statements This news release may contain forward-looking statements relating to expected future events and financial  and operating results of the Company that involves risk and uncertainties. Actual results may differ materially from management expectations, as projected in such forward-looking statements for a variety of reasons, including market and general economic conditions and the risks and uncertainties detailed in both the Corporation’s Management Discussion and Analysis for the year ended December 31, 2012 and the Annual Information Form for the year ended December 31, 2012 found on SEDAR (www.sedar.com).  Due to the potential impact of these factors, the Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law. About High Arctic The Corporation, through its subsidiaries, is a provider of specialized oilfield equipment and services, including drilling, completion and workover operations.  Based in Red Deer, Alberta, High Arctic has domestic operations throughout Western Canada and international operations primarily in Papua New Guinea.   Further Information Ken Olson Chief Financial Officer 403 340 9825 ken.olson@dev.haes.ca

Red Deer, Canada – May 13, 2013 – High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Corporation”) is pleased to announce the results of the Annual and Special Meeting of the shareholders of High Arctic held on May 10, 2013. All matters put forth were approved, including the re-election of each nominee as a director of the Corporation for the upcoming year, as follows:   % of VOTES FOR Simon P.D. Batcup                               99.94% Michael R. Binnion                              99.94% Christopher R. Warren                        99.98% Steven R. Vasey                                     99.94% Daniel J. Bordessa                                99.94% Dennis F. Sykora                                  99.94% Bruce A. Thiessen                                 99.94%   In addition to the annual resolutions, including the re-appointment of PricewaterhouseCoopers LLP, Chartered Accountants, as auditors, a resolution was passed approving the unallocated options under the Corporation’s stock option plan.   About High Arctic The Corporation is a global provider of specialized oilfield equipment and services, including drilling, completion and workover operations. Based in Red Deer, Alberta, High Arctic has domestic operations throughout western Canada and international operations in Papua New Guinea.   Further Information Ken Olson Chief Financial Officer 403 340 9825 ken.olson@dev.haes.ca [fusion_builder_container hundred_percent=”yes” overflow=”visible”][fusion_builder_row][fusion_builder_column type=”1_1″ background_position=”left top” background_color=”” border_size=”” border_color=”” border_style=”solid” spacing=”yes” background_image=”” background_repeat=”no-repeat” padding=”” margin_top=”0px” margin_bottom=”0px” class=”” id=”” animation_type=”” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”no” center_content=”no” min_height=”none”][fusion_alert type=”error”]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[/fusion_alert][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]