Mr. Mike Maguire reports

HIGH ARCTIC OVERSEAS ISSUES CLARIFYING NEWS RELEASE

High Arctic Overseas Holdings Corp. is issuing this press release to clarify the qualifications of Matthew Cocks, the chief financial officer of the corporation, whose appointment was previously announced on June 23, 2025. Mr. Cocks completed his qualifications and became a chartered accountant in 2010 through the Institute of Chartered Accountants Australia and New Zealand; however, he is not currently designated a chartered accountant by the institute. Mr. Cocks did not renew membership with the institute in 2020 and is not a current member of the institute. Mr. Cocks does not intend to seek reinstatement in the immediate future.

The appointment of Mr. Cocks as CFO has been accepted by the TSX Venture Exchange.

About High Arctic Overseas Holdings Corp.

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