CALGARY, Canada – February 15, 2022 – High Arctic Energy Services Inc. (TSX: HWO) (“High Arctic” or the
“Corporation”) announced today that it is has replaced Computershare Trust Company as the registrar and transfer agent
of the Corporation’s common shares with Odyssey Trust Company. Shareholders do not need to take any action with
respect to the change in registrar and transfer agent services.

All inquiries and correspondence relating to the shareholder records, transfer of shares, loss certificates, and or change
of address, should now be directed to Odyssey Trust Company, through their offices in Calgary, Vancouver and Toronto.

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 oil and natural gas exploration and production companies.

For further information contact:
Lance Mierendorf
Chief Financial Officer
P: +1 (587) 318 2218
P: +1 (800) 688 7143
High Arctic Energy Services Inc.
Suite 3250, 330–5th Avenue SW
Calgary, Alberta, Canada T2P 0L4