Mr. Mike Maguire reports

HIGH ARCTIC OVERSEAS ANNOUNCES EXECUTIVE APPOINTMENT

High Arctic Overseas Holdings Corp. has appointed Matthew Cocks as chief financial officer (CFO) effective June 24, 2025, subject to TSX Venture Exchange approval.

Mr. Cocks initially joined the corporation in October, 2023, as vice-president of finance responsible for the PNG Business to provide financial leadership and strengthen the finance and accounting processes in preparation of the spinout from High Arctic Energy Services Inc.

Mr. Cocks has over 20 years of experience in broad financial leadership positions including substantial periods in senior and executive roles of private and public companies, including significant experience in resources, construction, manufacturing and logistics businesses. Mr. Cocks is a chartered accountant with an extensive background in financial stewardship, strategic planning and analysis, change and risk management, controls design, and implementation and building and developing international finance teams.

Mike Maguire, chief executive officer, stated: "I am pleased to welcome Matt to the executive management team at High Arctic. Matt's 20-plus years of wide-ranging financial management expertise in international markets and in services to the extractive industries will be invaluable to the corporation as we look to diversify and expand our PNG business. I would also like to thank Lonn Bate for his guidance and support as interim CFO since the spinout and establishment of the corporation. Lonn can now focus fully on his duties as CFO of High Arctic Energy Services Inc."

About High Arctic Overseas Holdings Corp.

High Arctic Overseas is a market leader in Papua New Guinea providing drilling and specialized well completion services, manpower solutions and supplies rental equipment including rig matting, camps, material handling and drilling support equipment.

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