News Releases

CALGARY, Canada – November 12, 2021 – High Arctic Energy Services Inc. (TSX: HWO) (the “Corporation” or “High Arctic”) released its’ third quarter results today. Mike Maguire, Chief Executive Officer, commented: “The market and High Arctic have reached an inflection point. Commodity prices have increased significantly, a rig is being mobilized to location in Papua New Guinea, operating hours are increasing in Canada and many customers are receptive to pricing discussions. The past 18 months have been exceptionally challenging as we dealt with the impact of the Covid-19 pandemic and an oil price collapse. I want to thank our employees and shareholders for being supportive through this difficult period. We are implementing initiatives to reward our loyal employees, attract new staff and continue to provide high quality services to our clients in this period of renewed opportunity. The recent $0.20 special dividend underscores the confidence of board and management in the significantly improving market conditions and our business fundamentals..” HIGHLIGHTS • PNG continues to be a strategic investment for the Corporation. During Q3-2021 we began mobilizing equipment and personnel within our drilling services segment and expect to commence wellsite activity in the latter half of Q4-2021. In the process, we extended recordable incident free activity in PNG out to 5 years and over 2.5 million work hours. • Growth in High Arctic’s Canadian production services and ancillary services were assisted by operating rate improvements but hindered by Covid-19 outbreaks in August and September and soft utilization in one of our main well servicing contracts. High Arctic has subsequently enacted a Covid vaccination or negative-test requirement to ensure the employee is safe to work. Despite a difficult quarter, our well servicing utilization of 41% remained above the industry average of 38%. • Consolidated Q3-2021 revenues were $18.7 million ($18.5 million in Q3-2020). The Corporation generated EBITDA of $1.3 million and $3.3 million during Q3-2021 and YTD-2021, respectively. • Cost reduction initiatives undertaken in 2020 delivered $2.7 million or 26.6% lower general and administrative costs during the first nine months of 2021. • In October of 2021, the Corporation announced a special one-time dividend payment of $0.20 per share to holders of common shares and paid dividends of $9.7 million on November 5, 2021. The dividend emphasizes High Arctic’s strong balance sheet position and ability to return surplus cash to shareholders. Post dividend, the Corporation has a substantive net cash balance and with improving EBITDA, increasing access to funds under a $45 million loan facility to fund growth initiatives. The Corporation’s strategic priorities for 2021 include: • Safety excellence and focus on quality service delivery through consistent global standards; • Cost control focused on operating cash flow, while balancing strategic priorities to fuel growth; • Investment initiatives that secure the Corporation’s future as a lower emissions energy services provider; • Growth and divestiture opportunities that enhance shareholder value, align with our core service offerings, and reside in well understood markets; and • Disciplined working capital management and capital stewardship to improve returns for shareholders that potentially include dividends and common share buybacks. ——————– Nov 12 2021 – Q3 Press Release

CALGARY, Canada – October 1, 2021 – High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Corporation”) is pleased to announce the appointment of Lance Mierendorf as Chief Financial Officer (“CFO”) effective October 1, 2021, and reports on good progress in preparation for services of Rig 115 in Papua New Guinea (“PNG”). Executive Appointment Mr. Mierendorf initially joined the Corporation in April 2021 in a consulting capacity as Interim CFO to streamline and strengthen the finance and accounting processes within the Corporation and provide financial leadership for High Arctic’s growth initiatives. Mr. Mierendorf has over 20 years of experience in senior financial leadership positions for publicly listed oil and gas companies, including significant experience in the international energy sector. Mr. Mierendorf is a Chartered Professional Accountant with an extensive background in financial stewardship, strategic planning and analysis, equity financing, debt restructuring and building global finance teams. Previously, Mr. Mierendorf held Chief Financial Officer roles for Divergent Energy Services Corp. (TSXV: DVG) and Wentworth Resources Limited (AIM: WRL). Mike Maguire, Chief Executive Officer stated: “I am pleased to welcome Mr. Mierendorf as a permanent member of the executive management team at High Arctic. Mr. Mierendorf’s 20-plus years of wide-ranging financial management expertise in the energy sector, in both the domestic and international markets, will be invaluable to the Corporation as we look to take advantage of business opportunities in the improving global energy services market.” Rig 115 Preparation in PNG In PNG crews have been assembled from within and abroad and are adhering to a Covid-19 vaccination program and bio-secure bubble to eliminate possible risk of an impact to the well abandonment project. The first 100 bed camp is now fully operational at the forward base location and loads have been received there for the second rig-site 100 bed heli-portable camp. Rig 115 equipment is 50% complete on preparatory mechanical activities and will soon be assembled at its storage location for an operational integrity test prior to shipping out. CEO Mike Maguire: “Once again our terrific PNG staff and crews are demonstrating what meticulous planning and strong management can achieve in challenging circumstances. We are on schedule to commence services on site later this quarter. The recommencement of rig services is evidence of the growing momentum in the sector in PNG. Earlier this week there was an announcement of the signing of heads of agreement between the operator of the PNG-LNG project and the government of PNG regarding the P’nyang Gas Agreement and regarding an additional 10% equity stake in the project for the state owned Kumul Petroleum. This continued momentum toward PNG-LNG expansion, the progressing Papua LNG project, and the Santos – Oil Search merger reinforces our optimism for meaning near-term drilling activity.” About High Arctic High Arctic’s principal focus is to provide drilling and specialized well completion services, equipment rentals and other services to the oil and gas industry. High Arctic is a market leader providing drilling and specialized well completion services and supplies rig matting, camps and drilling support equipment on a rental basis in Papua New Guinea. The western Canadian operation provides well servicing, well abandonment, snubbing and nitrogen services, and equipment on a rental basis to a large number of exploration and production companies. For further information, please contact: Mike Maguire Chief Executive Officer 1.587.318.3826 1.800.668.7143 High Arctic Energy Services Inc. Suite 500, 700 – 2nd Street S.W. Calgary, Alberta, Canada T2P 2W1 website: www.haes.ca Email: info@haes.ca

CALGARY, Canada – August 24, 2021 – High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Corporation”) is pleased to report exceptional operational safety performance ahead of mobilizing Rig 115 to commence work on a remote exploration well abandonment. High Arctic’s Papua New Guinea (“PNG”) operations has reached the world-class milestone of five years Total Recordable Incident Free, after marking 2.5 million work hours without a significant injury earlier this August. Not one person has required medical treatment or missed any work time because of a workplace incident while working at High Arctic in PNG during the past 5 years. Mike Maguire, CEO stated: “This sustained performance excellence in a place as geographically challenging as Papua New Guinea is a credit to the Corporation’s highly trained and skilled workforce from local PNG communities and around the world.  It is also reflective of the shared values and stable long-term relationships we have built with our top-tier customer base. I am very pleased we continue to expand our employee count in PNG as we undertake the necessary work to ensure a safe and successful restart of Rig 115, build on our safe work legacy and continue the development and advancement of our local workforce. Building upon recent momentum, we are also pleased that the PNG Government’s State Negotiating Team and PNG-LNG operator ExxonMobil jointly announced that they have restarted negotiations over the development of the P’nyang natural gas resource.  Negotiations, reportedly, aim at signing a P’nyang Heads of Agreement as early as the end of September, with a definitive gas agreement thereafter.”   About High Arctic High Arctic’s principal focus is to provide drilling and specialized well completion services, equipment rentals and other services to the oil and gas industry. High Arctic is a market leader providing drilling and specialized well completion services and supplies rig matting, camps and drilling support equipment on a rental basis in Papua New Guinea. The western Canadian operation provides well servicing, well abandonment, snubbing and nitrogen services and equipment on a rental basis to a large number of exploration and production companies. For further information, please contact: Mike Maguire Chief Executive Officer 1.587.318.3826 1.800.668.7143 High Arctic Energy Services Inc. Suite 500, 700 – 2nd Street S.W. Calgary, Alberta, Canada T2P 2W1 website: www.haes.ca Email: info@haes.ca 210824 – Safety Performance PNG

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

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

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

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

Calgary, Alberta,  March 8, 2021: High Arctic Energy Services Inc. (TSX: HWO) “High Arctic” or the “Corporation” intends to release its 2020 fourth quarter results on Thursday, March 11, 2021 after markets close and has scheduled a conference call to begin at 10:00 am MT (12:00 pm ET) on Friday March 12, 2021. The conference call dial in numbers are 1-800-806-5484 or 416-340-2217. An archived recording of the conference call will be available approximately two hours after the call ends by dialing 1-800-408-3053 and entering passcode 1070643# and will remain available until April 11, 2021. An audio recording of the call will also be available within 24 hours on High Arctic’s website. The Corporation’s Audited Financial Statements, together with Management’s Discussion & Analysis and the Annual Information Form will be posted to High Arctic’s website and SEDAR after the results are released. About High Arctic High Arctic’s principal focus is to provide drilling and specialized well completion services, equipment rentals and other services to the oil and gas industry. High Arctic is a market leader providing drilling and specialized well completion services and supplies rig matting, camps and drilling support equipment on a rental basis in Papua New Guinea. The western Canadian operation provides well servicing, well abandonment, snubbing and nitrogen services and equipment on a rental basis to a large number of exploration and production companies. For further information, please contact: Christopher Ames VP Finance &  Chief Financial Officer Phone: 403-508-7836 1-800-668-7143 info@haes.ca  

Calgary, Canada – December 9, 2020 – 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 2,437,983 common shares, representing approximately 5% of the issued and outstanding shares of High Arctic. There were 48,759,660 common shares outstanding as of November 30, 2020.  The maximum number of common shares that High Arctic may purchase on any given day is 14,063 common shares, which represents 25% of the average daily trading volume of 56,255 common shares on the TSX for the six-month period ended November 30, 2020.  High Arctic may also make one weekly block repurchase which exceeds the daily limit subject to prescribed rules. All common shares acquired under the NCIB will be cancelled. The Corporation is authorized to make purchases during the period from December 11, 2020 to December 10, 2021, 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 or alternative Canadian markets, at the prevailing market price at the time of the transaction. The Corporation has appointed an independent brokerage agent to conduct the NCIB transactions under an automatic purchase plan agreement (“APPA”) dated December 11, 2020.  The APPA will allow the broker to purchase common shares under the bid during internal blackout periods when the Corporation would normally not be permitted to trade in its shares.  Such purchases will be at the sole discretion of the broker based on direction received from High Arctic prior to any blackout period and in accordance with all regulatory and securities law. 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. The Corporation’s previous NCIB expired on December 1, 2020 and under that program, a total of 1,137,100 common shares at a weighted average price of $0.72 per share have been repurchased for cancellation. 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 operations provide 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: Michael J. Maguire Chief Executive Officer Phone: 587-318-3826 Christopher Ames VP Finance &  Chief Financial Officer Phone: 587-318-2218 info@haes.ca

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(TSX: HWO) (the “Corporation” or “High Arctic”) released its’ third quarter results today. Mike Maguire, Chief Executive Officer commented: “The health and economic environments have remained challenging through this quarter. The action we took in April to restructure and flatten our management reporting lines, remove costs, suspend our dividend and reduce our capex have ensured that we can navigate this period focused on high quality safe and effective operations, maintaining the health of our employees and our stellar QHSE reputation. We recognize the importance of communication, and maintain open dialogue with our customers, bankers and government while planning for the recovery of the energy sector. On a personal note, it was humbling to speak with and thank the small core of international employees who returned home in October after seven straight months of service in Papua New Guinea.” Highlights The following highlights the Corporation’s results for Q3-2020 and YTD-2020: Revenue of $18.5 million and $74.2 million for the three and nine months ended September 30, 2020 (2019 – $49.6 million and $142.7 million, respectively) and adjusted EBITDA of $3.4 million and $7.3 million (2019 – $6.3 million and $15.8 million) for the Quarter and YTD, respectively. This included Canadian Emergency Wage Subsidy (“CEWS”) benefits, which provided $4.9 million on a YTD basis (Q3-2020 – $2.8 million) to retain a well-positioned and skilled workforce. Achieved several quality and safety milestones: • PNG operations reached four years of continuous work Total Recordable Incident Free on August 24, 2020, • Canadian operations reached two years Lost Time Injury Free on September 29, 2020, • 7.5 years Total Recordable Incident Free in October 2020 at our Cold Lake operations with our largest and longest standing Canadian customer, and • High Arctic was once again recognized by the IADC-AC with the 2019 Australasian Safety Statistics Award, the fourth such award in the past five years. Focus on working capital management to preserve our cash balances and maintain a strong balance sheet during the current global coronavirus (“COVID-19”) crisis has demonstrated High Arctic’s resilience and positioning for recovery in step with customer opportunities: • Strong working capital position of $40.6 million at September 30, 2020, and includes a cash balance of $33.2 million, • Subsequent to Q3-2020, renewed our revolving bank loan facility and extended the term 2 years through to August 31, 2023. The maximum availability remains at $45.0 million, of which $10.0 million has been drawn, with similar covenants, margin requirements and conditions. The Corporation resumed purchasing shares under its’ Normal Course Issuer Bid (“NCIB”) late in the Quarter. For the full copy of the release click the link below. Q3 2020 News Release [/fusion_text][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]