Mr. Mike Maguire reports

HIGH ARCTIC TO ANNOUNCE 2023 FOURTH QUARTER AND FULL YEAR RESULTS

High Arctic Energy Services Inc. intends to release its 2023 fourth quarter and full-year results after markets close on Friday, April 5, 2024, and has scheduled a conference call to begin at 3 p.m. MT (5 p.m. ET) on Monday, April 8, 2024.

The late filing of the 2023 fourth quarter results follows delays in concluding the annual financial statement audit of the corporation's business in Papua New Guinea.

The conference call dial-in numbers are 1-800-806-5484 or 416-340-2217 and the participant passcode is 7925114 followed by the number sign. 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 April 30, 2024. An audio recording of the conference call will also be available within 24 hours on High Arctic's website.

The corporation's annual 2023 disclosure filings, including financial statements and the management discussion and analysis, will be posted to High Arctic's website and SEDAR+ after the results are released.

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 pressure control and other oil field equipment on a rental basis to exploration and production companies from its bases in Whitecourt and Red Deer, Alta.