Mr. Michael Maguire reports

HIGH ARCTIC ANNOUNCES ANNUAL GENERAL AND SPECIAL MEETING RESULTS

High Arctic Energy Services Inc. has released the results of its annual general and special meeting of the shareholders held on May 11, 2023. Five shareholders, holding a total of 26,704,670 common shares of the corporation, were represented at the meeting in person or by proxy, representing approximately 54.86 per cent of the total votes attached to all issued and outstanding common shares of the corporation as of the record date on April 6, 2023. 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 five, with each nominee named in the corporation's management information circular dated April 6, 2023, being considered for election as a director. The detailed results of the vote for the election of directors, which was conducted by ballot, are set out in an attached table.

Ember W.M. Schmitt, who has been a director of the corporation since July, 2016, did not stand for re-election at this meeting. High Arctic acknowledges her tireless contributions during her time on the board and wishes her success in her future endeavours.

At the meeting, the shareholders also approved a resolution appointing KPMG LLP as auditor of the corporation, a resolution approving the unallocated units under the corporation's performance unit plan, and a resolution approving the unallocated units under the corporation's deferred share unit plan.

About High Arctic Energy Services Inc.

High Arctic is an energy service provider. High Arctic is a market leader in Papua New Guinea that provides 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.