News Releases

Calgary, Alberta November 9, 2020: High Arctic Energy Services Inc. (TSX: HWO) “High Arctic” or the “Corporation” will release its 2020 third quarter results on Thursday, November 12, 2020 after markets close. The Corporation’s financial statements and Management’s Discussion and Analysis will be posted to www.haes.ca and SEDAR after the results are released. 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 North American 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. 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

Calgary, Alberta, October 15, 2020 – High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Corporation”) is pleased to announce the two-year extension of its current credit facility with HSBC (the “Credit Facility”).  The Credit Facility maturity date is extended to August 31, 2023 with enhanced flexibility and similar underlying financial covenants and borrowing capacity. In addition to the Corporation’s existing cash balance, which was $33.5 million on June 30, 2020, the available Credit Facility capacity provides additional liquidity for both future operating and capital requirements.  Chris Ames, CFO noted “This extension demonstrates our lenders confidence in High Arctic and our business model.  Ongoing availability of the Credit Facility and disciplined cost control are cornerstones of our goal to take advantage of business opportunities as we emerge from the current market conditions. We continue to exercise capital discipline while pursuing our strategy to increase value for our shareholders.” The Corporation has drawn $10.0 million of the $45.0 million revolving loan facility available, which now matures on August 31, 2023. The Credit Facility terms continue to include two financial covenants stipulating that the Funded Debt to EBITDA Ratio shall not exceed 3.00 to 1.00 and EBITDA to Interest Expense Ratio shall remain below 3.00 to 1.00. The facility is renewable with the lender’s consent and is secured by a general security agreement over the Corporation’s assets.   The calculation of the Corporation’s borrowing base remains unchanged and is limited to 60% of the net book value of the Canadian fixed assets plus 85% of investment grade receivables, 75% of acceptable accounts receivable, plus 90% of insured receivables; less priority payables as defined in the Credit Facility agreement.  The bank defined EBITDA covenant now includes an add back of restructuring costs up to $1 million in any given trailing 12-month period. The new arrangement also includes a backstop feature that provides $5 million availability in the event the above two financial covenants are not met. Operational Update and Safety Performance The Corporation is also pleased to report on outstanding continued operational safety performance. On August 24th, 2020, High Arctic’s Papua New Guinea (“PNG”) operations reached the world-class milestone of four years Total Recordable Incident Free operations and on September 29th, 2020, High Arctic’s Canadian operations celebrated a total of twenty four months Lost Time Injury Free operations. This sustained performance, culminated in High Arctic again being awarded the Australasian Safety Statistics Award (Onshore) for 2019 at the recent Annual General Meeting of the International Association of Drilling Contractors – Australasian Chapter (IADC-AC), which High Arctic has now won 4 out of the last 5 years. Mike Maguire, CEO commented “Safety performance and service quality are principal focuses of our operations and both our PNG and North American operations have delivered record results. Many companies have aspirational zero targets for safety, High Arctic has achieved this target which it has been able to sustain. We understand that these achievements do not come by luck. Hard work, dedication to safe work initiatives and skills development through internationally recognized training of our personnel are fundamental to this result. This could not have been achieved or maintained without a dedicated workforce, stable long-term suppliers and supportive customers.” In PNG significant travel restrictions remain in place and the number of reported COVID-19 cases is growing.  The Corporation remains engaged with our customers with personnel deployed to assist with their essential operations while we position for a return to drilling activity. We are encouraged by the announcement on September 21 from the Prime Minister that the “National Government will continue to make additional concessions for an acceptable pathway to all parties to get the US$9.2 billion P’nyang gas project off the ground.” In Canada the corporation has deployed plant and personnel to deliver our first services under the Alberta Site Rehabilitation Program and we now have received a modest but increasing number of project approvals under both the Alberta and the Saskatchewan Programs.  We are working with our customers to optimize the scheduling of this work. As a result of an internal review of the US market High Arctic have now mothballed our operations in Colorado and North Dakota. Having worked with our customers to finish ongoing commitments we concluded our final operation in the US in early September. The Corporation will monitor the market for signs of improvement that could see operations resume.  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 North American 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. For further information contact: Michael J. Maguire Chief Executive Officer Phone: 587-318-3826 mike.maguire@haes.ca Christopher Ames VP Finance &  Chief Financial Officer Phone: 587-318-2218 chris.ames@haes.ca

[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_color=”” border_style=”solid” margin_top=”” margin_bottom=”” padding_top=”0px” padding_right=”10%” padding_bottom=”0px” padding_left=”10%” type=”legacy”][fusion_builder_row][fusion_builder_column type=”1_1″ layout=”1_1″ align_self=”auto” content_layout=”column” align_content=”flex-start” content_wrap=”wrap” spacing=”yes” center_content=”no” link=”” target=”_self” min_height=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” class=”” id=”” background_image_id=”” enable_background_slider=”no” image_ids=”3770″ elegant_transition_effect=”fade” elegant_background_scale=”cover” elegant_transition_delay=”3″ gradient_top_color=”” gradient_bottom_color=”” gradient_type=”vertical” gradient_direction=”0deg” gradient_force=”yes” type_medium=”” type_small=”” order_medium=”0″ order_small=”0″ spacing_left_medium=”” spacing_right_medium=”” spacing_left_small=”” spacing_right_small=”” spacing_left=”” spacing_right=”” margin_top_medium=”” margin_bottom_medium=”” margin_top_small=”” margin_bottom_small=”” margin_top=”0px” margin_bottom=”0px” padding_top_medium=”” padding_right_medium=”” padding_bottom_medium=”” padding_left_medium=”” padding_top_small=”” padding_right_small=”” padding_bottom_small=”” padding_left_small=”” padding_top=”” padding_right=”” padding_bottom=”” padding_left=”” hover_type=”none” border_sizes_top=”” border_sizes_right=”” border_sizes_bottom=”” border_sizes_left=”” border_color=”” border_style=”solid” border_radius_top_left=”” border_radius_top_right=”” border_radius_bottom_right=”” border_radius_bottom_left=”” box_shadow=”no” box_shadow_vertical=”” box_shadow_horizontal=”” box_shadow_blur=”0″ box_shadow_spread=”0″ box_shadow_color=”” box_shadow_style=”” background_type=”single” gradient_start_color=”” gradient_end_color=”” gradient_start_position=”0″ gradient_end_position=”100″ radial_direction=”center center” linear_angle=”180″ background_color=”” background_image=”” background_position=”left top” background_repeat=”no-repeat” background_blend_mode=”none” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” filter_type=”regular” filter_hue=”0″ filter_saturation=”100″ filter_brightness=”100″ filter_contrast=”100″ filter_invert=”0″ filter_sepia=”0″ filter_opacity=”100″ filter_blur=”0″ filter_hue_hover=”0″ filter_saturation_hover=”100″ filter_brightness_hover=”100″ filter_contrast_hover=”100″ filter_invert_hover=”0″ filter_sepia_hover=”0″ filter_opacity_hover=”100″ filter_blur_hover=”0″ last=”true” border_position=”all” type=”1_1″ first=”true”][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”default” rule_size=”” rule_color=”” content_alignment_medium=”” content_alignment_small=”” content_alignment=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” sticky_display=”normal,sticky” class=”” id=”” font_size=”” fusion_font_family_text_font=”” fusion_font_variant_text_font=”” line_height=”” letter_spacing=”” text_color=”” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=””] Calgary, Canada – August 13, 2020 – High Arctic Energy Services Inc. (TSX: HWO) (the “Corporation” or “High Arctic”) released its’ second quarter results today. Highlights The following highlights the Corporation’s results for Q2-2020 and YTD-2020: 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 positioned High Arctic to be ready once restrictions loosen through the following: o Increased net cash balance by $5.2 million. o Strong working capital position of $49.7 million at June 30, 2020, and o Unused bank credit facility of $35.0 million. Revenue of $16.1 million and $55.7 million for the three and six months ended June 30, 2020 (2019 – $46.6 million and $93.1 million, respectively) and adjusted EBITDA of $1.2 million and $3.9 million (2019 – $4.0 million and $9.5 million) for the Quarter and YTD, respectively. On a year to date basis as compared to 2019, capital expenditures and business acquisition expenditures have been reduced by $12.0 million, dividends have been reduced by $3.4 million and cost reduction and control measures have been implemented throughout the organization. Year to date oilfield services expenses have been reduced by $31.7 million as compared to 2019. After the inclusion of $0.9 million in YTD-2020 restructuring costs, as well as $0.6 million in bad debt provision, general and administrative expenses have decreased by $0.1 million. Service delivery to our customers with safety of personnel and quality of service top of mind during this COVID-19 crisis, lifted the Canadian market share of Concord Well Servicing to 26% in Q2-2020. Benefits from the Canadian Emergency Wage Subsidy (“CEWS”) were obtained, which provided $2.1 million toward wages of Canadian workers and was utilized to retain a capable workforce to service current and prospective customers now, and when restrictions loosen and markets improve. Mike Maguire, Chief Executive Officer commented: “The health and economic environments have been exceptionally challenging and we have risen to the challenge. We have reacted swiftly to restructure and flatten our Management reporting lines, remove costs, suspend our dividend and reduce our Capex. In the field, our ability to react has been made possible because of our people. They range from dedicated individuals in Papua New Guinea who remained in working “isolation bubbles” for months without seeing their families, to teams in Canada and USA working in their own “bubbles” through harsh seasonal conditions wearing additional layers of PPE and adopting special protocols to prevent exposure to and spread of COVID-19. It is not possible at this point to predict when global economic conditions will improve, but we are confident that we have found a way to operate effectively through these challenges. Corporately, a disciplined balance sheet management approach will continue to be our objective, including cost control measures that will allow us to capitalize on strategic opportunities. In the meantime, we expect to continue to increase our activity through working closely with our customers who are planning work programs for resumption of shut-in production as commodity prices continue to lift, and from the various Western Canada well abandonment programs as the focus shifts more towards isolating and capping wellbores.” For the full copy of the release click the link below. Q2 2020 News Release [/fusion_text][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]

Calgary, Alberta August 11, 2020: High Arctic Energy Services Inc. (TSX: HWO) “High Arctic” or the “Corporation” will release its 2020 second quarter results on Thursday, August 13, 2020 after markets close. Financial statements and Management’s Discussion and Analysis will be posted to www.haes.ca and SEDAR after the results are released, after market, Thursday August 13, 2020. Note that no conference call is scheduled for this quarter. 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 North American operations 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: Mike Maguire Chief Executive Officer Phone: 587-318-3826 mike.maguire@haes.ca Chris Ames VP Finance &  Chief Financial Officer Phone: 587-318-2218 chris.ames@haes.ca

[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=”0px” padding_right=”10%” padding_bottom=”0px” padding_left=”10%”][fusion_builder_row][fusion_builder_column type=”1_1″ layout=”1_1″ spacing=”yes” center_content=”no” link=”” target=”_self” min_height=”” 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=”left top” undefined=”” background_repeat=”no-repeat” hover_type=”none” border_size=”” border_color=”” border_style=”solid” border_position=”all” padding_top=”” padding_right=”” padding_bottom=”” padding_left=”” margin_top=”0px” margin_bottom=”0px” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” last=”no”][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”default” rule_size=”” rule_color=”” class=”” id=””] Calgary, Canada – May 19, 2020 – High Arctic Energy Services Inc. (TSX: HWO) (the “Corporation” or “High Arctic”) is pleased to announce the addition of Christopher C. Ames as VP Finance & Chief Financial Officer (“CFO”). Executive Appointment Mr. Ames joined the Corporation in February 2020 as VP Finance.  His role was expanded to include that of Interim CFO shortly thereafter and has been intimately involved in developing and overseeing actions necessary to streamline the business and consolidate the finance and accounting processes within the Corporation. Mr. Ames is a Chartered Professional Accountant (CA) with over 25 years of experience, having been with Precision Drilling for 19 years in a number of senior financial roles from 2008 to 2018, including Senior International Controller, Director of Treasury, and Director of Reporting & Analytics, leaving to become an independent financial consultant assisting companies with financial, strategic planning and analysis, and merger and acquisition projects.  Mr. Ames obtained his Chartered Accountant designation with Arthur Andersen in 1996, and also holds a Bachelor of Commerce Honors degree from the University of Manitoba. Mike Maguire, Chief Executive Officer stated:  “I am very pleased with Mr. Ames substantive contribution to the new management team at High Arctic.  Chris’ 20-plus years of experience in oil field services in both the domestic and International markets has been an invaluable asset to the Corporation especially as we restructured to combine management teams and operate our business efficiently through the current economic crisis. Chris’ International experience coupled with his keen awareness of the importance of the integration of finance functions with the operations of our businesses has already lead to significant cost savings.” About High Arctic Energy Services 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 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: Mike Maguire Chief Executive Officer Phone: 587-318-3826 mike.maguire@haes.ca Michael Binnion Executive Chairman Phone: 587-318-3826 michael.binnion@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_color=”” border_style=”solid” margin_top=”” margin_bottom=”” padding_top=”0px” padding_right=”10%” padding_bottom=”0px” padding_left=”10%” type=”legacy”][fusion_builder_row][fusion_builder_column type=”1_1″ layout=”1_1″ spacing=”yes” center_content=”no” link=”” target=”_self” min_height=”” 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=”left top” undefined=”” background_repeat=”no-repeat” hover_type=”none” border_color=”” border_style=”solid” border_position=”all” padding_top=”” padding_right=”” padding_bottom=”” padding_left=”” margin_top=”0px” margin_bottom=”0px” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” last=”true” border_sizes_top=”” border_sizes_bottom=”” border_sizes_left=”” border_sizes_right=”” first=”true” type=”1_1″][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”default” rule_size=”” rule_color=”” class=”” id=””] Calgary, Canada – May 15, 2020 – High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Corporation”) is pleased to announce the results of the annual general and special meeting of the shareholders of High Arctic held on May 14, 2020 (the “Meeting”). 30 shareholders holding a total of 29,020,129 common shares of the Corporation were represented at the Meeting in person or proxy, representing approximately 58.48% of the total votes attached to all issued and outstanding common shares of the Corporation as of the record date on April 8, 2020.  Voting on all matters at the Meeting was conducted by a show of hands other than the election of directors, the approval of the grant of unallocated units and deferred share units, which were conduct by ballot.  All matters put forth at the Meeting were approved. In respect of the election of directors, the shareholders approved fixing the number of directors at six with each nominee named in the Corporation’s management information circular dated April 8, 2020 being considered for election as directors.  The detailed results of the vote for the election of directors, which was conducted by ballot, are set out below: VOTES FOR VOTES WITHHELD/ABSTAINED Michael R. Binnion 99.52% (28,879,233) 0.48% (138,101) Simon P. D. Batcup 99.37% (28,835,513) 0.63% (181,821) Daniel J. Bordessa 96.72% (28,065,482) 3.28% (951,852) Honourable Joe Oliver 99.34% (28,825,714) 0.66% (191,620) Ember W.M. Shmitt 99.52% (28,877,414) 0.48% (139,920) Douglas J. Strong 99.46% (28,860,213) 0.54% (157,121) In addition to the annual resolutions, including the re-appointment of PricewaterhouseCoopers LLP, Chartered Accountants, as auditors, resolutions were passed approving the unallocated units under the Corporation’s PSU plan and the unallocated deferred share units under the Corporation’s DSU plan. 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, snubbing and other services to the oil and gas industry. For further information contact: Mike Maguire Chief Executive Officer Phone: 61-7-3012-8488 mike.maguire@higharctic.com.au Chris Ames Save Vice President of Finance &  Interim CFO Phone: 587-318-2218 chris.ames@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=”0px” padding_right=”10%” padding_bottom=”0px” padding_left=”10%”][fusion_builder_row][fusion_builder_column type=”1_1″ layout=”1_1″ spacing=”yes” center_content=”no” link=”” target=”_self” min_height=”” 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=”left top” undefined=”” background_repeat=”no-repeat” hover_type=”none” border_size=”” border_color=”” border_style=”solid” border_position=”all” padding_top=”” padding_right=”” padding_bottom=”” padding_left=”” margin_top=”0px” margin_bottom=”0px” animation_type=”” animation_direction=”left” animation_speed=”0.3″ animation_offset=”” last=”no”][fusion_text columns=”” column_min_width=”” column_spacing=”” rule_style=”default” rule_size=”” rule_color=”” class=”” id=””] Calgary, Canada – May 14, 2020 – High Arctic Energy Services Inc. (TSX: HWO) (the “Corporation” or “High Arctic”) released its’ first quarter results today. RECENT GLOBAL DEVELOPMENTS HIGHLIGHTS The following highlights the Corporation’s results for Q1-2020: – Internal promotion of Mike Maguire to CEO to lead the Corporation’s response to the current global crisis. – Revenue of $39.6 million (Q1-2019 $46.5 million) and adjusted EBITDA of $2.7 million (Q1-2019 $5.5 million) for the Quarter. – Implementation of programs with a target to reduce annualized cash outflows by $25 million compared to 2019. – Deliverance of top-tier quality essential services to our core customers during the onset of the crisis to maintain our base business. – Strict oversight of working capital to manage our cash balances and maintain a strong balance sheet through the crisis. Mike Maguire, Chief Executive Officer commented: “We are in challenging times, but we have a corporate culture of delivering high quality services for our customers. Our team is focused on keeping our base business and balance sheet strong to ensure we are ready to excel in the recovery when it comes.” The Corporation’s strategic priorities for 2020 include: – Safety excellence and a focus on quality through global standards, including safeguarding our people against COVID-19. – Reinforcement of existing core markets evidenced by top-tier customer market share in Canada and PNG. – Cost control focused on operating cash flow while balancing strategic priorities, to emerge from the current conditions ready to reactivate and grow. – Capital stewardship characterized by disciplined working capital management and capital allocation to maintain value for shareholders including common share buybacks, where appropriate. The unaudited interim consolidated financial statements (“Financial Statements”) and management discussion & analysis (“MD&A”) for the quarter ended March 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), 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, 2020 may be referred to as the “Quarter” or “Q1-2020”. The comparative three months ended March 31, 2019 may be referred to as “Q1-2019”. References to other quarters may be presented as “QX-20XX” with X being the quarter/year to which the commentary relates. For the full copy of the release click the link below. Q1 2020 News Release [/fusion_text][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]

CALGARY, Alberta, May 12, 2020 – High Arctic Energy Services Inc. (TSX: HWO) (the “Corporation” or “High Arctic”) will release its first quarter results on Thursday May 14, 2020 after markets close. Financial statements and Management’s Discussion and Analysis will be posted to www.haes.ca and SEDAR after the results are released, after market, Thursday May 14, 2020. Note that no conference call is scheduled for this quarter. 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 North American operations 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: Mike Maguire Chief Executive Officer Phone: 61-7-3012-8488 mike.maguire@higharctic.com.au Chris Ames Vice President of Finance &  Interim CFO Phone: 587-318-2218 chris.ames@haes.ca

CALGARY, Alberta, May 12, 2020 – High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic”, the “Corporation” or “We”). AGM CONFERENCE CALL DETAILS – Thursday May 14, 2020 at 3pm MST All shareholders, business analysts and other interested parties are encouraged to listen to the Corporation’s Annual General and Special Meeting (“AGM”) by way of teleconference on Thursday May 14, 2020 at 3pm MST at the following numbers: In Canada and the United States – 1-800-289-0459; Conference ID 891508# In Australia – 1-800-590-693; Conference ID 891508# Please dial into the conference call 10 minutes before the start of the call.  The meeting may not begin until a few minutes after 3pm.  The High Arctic’s First Quarter results are anticipated to be issued after markets close on Thursday May 14, 2020, and should shareholders or analysts wish to contact the Corporation, contact details are noted at the bottom of this News Release. The Corporation continues to monitor the development of the current coronavirus outbreak (“COVID-19”). In light of the rapidly evolving public health guidelines related to COVID-19 and in order to comply with the measures imposed by the federal and provincial governments, the Corporation strongly encourages shareholders to VOTE BY PROXY rather than attend the meeting in person through one of the following channels: Telephone: Call the number provided on your proxy, which was mailed to each shareholder; or Online: Visit the website provided on your proxy, mailed to each shareholder; or By Mail: Please complete and sign the form of proxy, mailed to each shareholder, in the envelope that was provided in the mailout, to the Corporation’s transfer agent, Computershare Investor Services Inc., Proxy Department, 100 University Avenue, 8th Floor, Toronto, Ontario, M5J 2Y1. All votes must be received by 3:00 p.m. (MST) on Tuesday May 12, 2020.  Late proxies may be accepted or rejected by the Chairman of the AGM at his discretion, and the Chairman is under no obligation to accept or reject late proxies. While registered Shareholders and proxyholders are entitled to attend the Meeting in person, we reserve the right to limit the number of people at the AGM to such number of attendees as is permitted under Alberta law, as a result of COVID-19. If you hold your Common Shares in a brokerage account, you are a non-registered Shareholder or beneficial Shareholder. Beneficial Shareholders who hold their Common Shares through a bank, broker or other financial intermediary should carefully follow the instructions found on the form of proxy or voting instruction form provided to them by their intermediary, in order to cast their vote. Your participation as a Shareholder is very important to the Corporation.  Please ensure your Common Shares are represented at the AGM. 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. For further information contact: Mike Maguire Chief Executive Officer Phone: 61-7-3012-8488 mike.maguire@higharctic.com.au Chris Ames Vice President of Finance &  Interim CFO Phone: 587-318-2218 chris.ames@haes.ca

CALGARY, Alberta, April 30, 2020 – High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic”, the “Corporation” or “We”) is pleased to report on outstanding operational safety performance and progress made on previously announced cost reduction measures. On April 16, 2020 the Corporation’s Production Services operation with our major customer at Cold Lake, Alberta reached the world-class milestone of seven (7) years Total Recordable Incident Free.  It is our largest single operation with many of the Corporation’s well servicing rigs on contract with a top-tier major customer.  Over the seven years, the team amassed 1.64 million safe work hours where not one person needed medical treatment or missed any work time because of a workplace incident. This latest milestone in Canada aligns with continued outstanding safety performance by High Arctic’s operations in Papua New Guinea which currently sits at over 2.3 million safe work hours. Don Pack; Executive Vice President of the Company reflected on these achievements: “These successes continue to prove that our focus on quality, throughout world-wide operations and at every level in our business, is building a safe work culture at High Arctic that gets challenging work done right the first time and without injury”. High Arctic has been quick to move in reducing costs in an attempt to preserve cash resources in the current challenging market conditions.  In the past month, decisive action has been taken to address overhead costs.  We combined North American and International business unit management and eliminated approximately half the cost of executive and senior management.  This action was followed quickly by a reduction of one-third (1/3) of indirect support and G&A head count across Canada, the USA, Papua New Guinea and Australia.  These measures followed the previous announcement suspending High Arctic’s dividend to shareholders and reducing Board of Director fee remuneration by 20%. Mike Maguire, Chief Executive Officer of High Arctic commented: “Our sights remain firmly set on the health and well-being of employees, the communities in which we operate, suppliers and customers during the evolving global pandemic. The business realities associated with suddenly lower oil prices and customer demand gave us cause to identify that we must cut significant indirect costs out of our business. I am pleased that we have been able to do so while not impacting our front-line workers and their families.  Reduced activity levels have already impacted too many of Alberta’s best, and we have focused on streamlining management and support to improve efficiency and eliminate waste.  It gives all of the High Arctic family reason to be proud when we can reduce costs and heighten efficiency all the while preserving our world-class safety culture”. 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 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: Mike Maguire Chief Executive Officer Phone: 61-7-3012-8488 mike.maguire@higharctic.com.au Chris Ames Vice President of Finance &  Interim CFO Phone: 587-318-2218 chris.ames@haes.ca