Mr. Lance Mierendorf reports

HIGH ARCTIC TO ANNOUNCE 2023 FIRST QUARTER RESULTS

High Arctic Energy Services Inc. intends to release its 2023 first quarter results on Thursday, May 11, 2023, after markets close, and has scheduled a conference call to begin at 2 p.m. MT (4 p.m. ET) on Friday, May 12, 2023.

The conference call dial in numbers are 1-800-952-5114 or 416-641-6104, and the participant passcode is 6292679 followed by the pound key. Participants joining from outside North America can find international dial-in numbers on-line.

An archived recording of the conference call will be available approximately two hours after the call ends by dialling 1-800-408-3053 and will remain available until June 30, 2023. 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 and analysis will be posted to High Arctic's website and SEDAR after the results are released.

The corporation's annual general meeting will be held in the Neilson 1 Room at the Hyatt Regency Calgary, 700 Centre St. SE, Calgary, Alta., T2G 5P6, on Thursday, May 11, 2023, at 3 p.m. MT. All shareholders, business analysts and other interested parties are encouraged to listen to the meeting by teleconference at toll-free 1-800-952-5114 (Canada and United States) or on-line, conference ID: 9758331 followed by the pound key.

About High Arctic Energy Services Inc.

High Arctic is an energy services provider. High Arctic is a market leader in Papua New Guinea, providing drilling and specialized well completion services, and supplies rental equipment, including rig matting, camps, material handling and drilling support equipment. In Western Canada, High Arctic provides nitrogen services and pressure control equipment on a rental basis to exploration and production companies.