News Releases

CALGARY, Alberta, March 23, 2020 – High Arctic Energy Services Inc. (“High Arctic”) announces the appointment of Mike Maguire as Chief Executive Officer effective immediately. Mike Maguire was formerly the President of International for High Arctic. The appointment of Mike follows his success in restructuring and leading the International business through growth in 2015 and the contraction of PNG activity in 2018, establishing benchmarks for safe, effective and profitable delivery of service to top shelf customers. Michael Binnion, Executive Chairman of the Board commented, “With the turn down in business throughout the organization, the Board decided to consolidate our top end management for efficiency and cost reduction. We want to reinforce our operational emphasis on our front-line workers who deliver our service and maintain our industry leading safety record. The Board thanks Cam Bailey for his service over the last two years. No one could have foreseen the disruptive market factors that have led to this global downturn. We are committed to preserving our balance sheet while supporting our customers who are also going through difficult adjustments to the current crisis.” The Company has also appointed an Executive Committee of the Board of Directors, with Michael Binnion as Chairman. The committee will be comprised of Michael Binnion, Dan Bordessa and Doug Strong. The Company has implemented a 20% reduction in Board compensation effective April 1, 2020. 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

CALGARY, Alberta, March 18, 2020 – High Arctic Energy Services Inc. (“High Arctic”) announces that it has received formal notification from our main customer in Papua New Guinea (“PNG”) that it is suspending all drilling operations in the country until further notice. The customer decision to suspend and defer operations is in reaction to the current low oil & gas prices and the COVID-19 pandemic. Accordingly, High Arctic is working with our customer to safely conclude work on active sites including suspension of a well currently under construction. We are releasing effected personnel under a joint plan and expect to phase-down rig operations for this customer by the end of April. With the current outlook for continued low oil & gas prices it is unclear when any PNG drilling activity might re-commence. High Arctic has implemented plans to reduce the dependence on international rotational staff for the remainder of its business operations in PNG. The Company’s focus on developing a strong National workforce positions us well to provide labour solutions for both short term work and on-going essential operations. High Arctic remains under contract through mid 2021 for drilling services and these recent developments are expected to defer drilling into 2021, at a minimum. Long term, it remains encouraging that customer dialogue with the PNG Government on the P’nyang Gas Agreement, which is required for LNG expansion and higher industry well site activity, is reportedly ongoing at this time. While these developments negatively impact Drilling and Ancillary Services operating segments for High Arctic, business continuity remains a fundamental priority. High Arctic is positioning its PNG business to preserve its excellent workforce, maintain quick rig reactivation capabilities and control costs to maintain financial flexibility. 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: J. Cameron Bailey Chief Executive Officer Phone: 587-318-3826 cam.bailey@haes.ca Chris Ames Vice President Finance &  Interim 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 – March 12, 2020 – High Arctic Energy Services Inc. (TSX: HWO) (the “Corporation” or “High Arctic”). The audited consolidated financial statements, management discussion & analysis (“MD&A), and annual information form for the year ended December 31, 2019 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), Operating margin % 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. RECENT GLOBAL DEVELOPMENTS First quarter 2020 global events have significantly impacted the global economy and weakened High Arctic’s near-term outlook. The spread of the COVID-19 virus around the world in combination with OPEC’s inability to contain global oil supply during early March 2020 has significantly undermined commodity prices, customer cash flows and investor confidence. Further, the influence of these recent developments and the impact to our customers’ capital spending budgets, as well as their ability to pay for work completed on a timely basis is currently unknown and may have a significant impact on High Arctic’s financial operating results. For the full copy of the release click the link below. High Arctic Reports 2019 Fourth Quarter and Year End Financial and Operating Results [/fusion_text][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]

CALGARY, Alberta, March 5, 2020 – High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the “Corporation”) will release its 2019 fourth quarter results on Thursday, March 12, 2020 after markets close and will host a conference call on Friday, March 13, 2020 at 9:00 a.m. MT (11:00 a.m. ET). To access the conference call by telephone, dial: 1-800-273-9672 or 416-340-2216 The conference call will be available for replay two hours after the call ends at 1-800-408-3053 and entering passcode 1137217# and will remain available until December 8, 2019. An audio recording of the call will also be available within 24 hours on High Arctic’s website at www.haes.ca. Financial Statements and Management’s Discussion and Analysis will also 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 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: J. Cameron Bailey Chief Executive Officer Phone: 587-318-3826 cam.bailey@haes.ca Chris Ames Vice President Finance &  Interim Chief Financial Officer Phone: 587-318-2218 chris.ames@haes.ca

[fusion_builder_container hundred_percent=”yes” 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=”0px” margin_bottom=”0px” padding_top=”3%” 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=”” margin_bottom=”” 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, Alberta, February 18, 2020 (GLOBE NEWSWIRE) — High Arctic Energy Services Inc. (HWO.TO) (“High Arctic” or the “Corporation”) announces the departure of its Chief Financial Officer, Jim Hodgson effective February 14th 2020. The Board would like to take this opportunity to express its gratitude to Mr. Hodgson for his efforts and contribution during his tenure with the Company.  We wish him the best with his future endeavors. High Arctic is pleased to announce that Mr. Christopher (Chris) Ames, has agreed to accept the appointment of Vice President of Finance and Interim Chief Financial Officer. Mr. Ames is a CPA, CA and previously held a number of senior finance positions at Precision Drilling over a 20-year period before he left to become an independent financial consultant assisting companies with financial, strategic planning and analysis, and merger and acquisitions. Mr. Bailey, Chief Executive Officer of High Arctic, said: “We are very pleased Mr. Ames will be joining the High Arctic team. Chris’s diverse experience in oil field services in both the domestic and International markets will be an invaluable asset to the Company as we continue to grow in our core markets and examine opportunities in other areas.”  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 more information, please contact: J. Cameron Bailey Chief Executive Officer Phone: 587-318-3826 cam.bailey@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 – November 27, 2019 – 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 2,552,229 common shares, representing approximately 10% of the public float of High Arctic, being 25,522,297 as of November 26, 2019. There were 49,620,098 common shares outstanding as of November 26, 2019.  The maximum number of common shares that High Arctic may purchase on any given day is 5,899 common shares, which represents 25% of the average daily trading volume of 23,598 common shares on the TSX for the six-month period ended October 31, 2019.  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 2, 2019 to December 1, 2020, 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 National Bank Financial as its broker to conduct the NCIB transactions under an automatic purchase plan agreement (“APPA”) dated November 26, 2019.  The APPA will allow National Bank Financial 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 National Bank Financial 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 November 18, 2019 and under that program, a total of 1,643,335 common shares at a weighted average price of $3.65 per share have been repurchased for cancellation. [/fusion_text][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]