NOT FOR DISTRIBUTION TO US NEWS SERVICES OR FOR DISTRIBUTION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS LIMITATION MAY CONSTITUTE A VIOLATION OF THE US SECURITIES ACT

CALGARY, Alberta, Sept. 21, 2022 (GLOBE NEWSWIRE) — High Arctic Energy Services Inc. HWO “High Arctic” or “Corporation” is pleased to announce that its Board of Directors has approved a monthly dividend payment of $0.005 per share to common stockholders. The dividend is payable on October 14, 2022 to holders of High Arctic common stock of record as of the close of business on September 30, 2022. The dividend is referred to as an “eligible dividend” for Canadian income tax purposes.

Over the high arctic

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

For more information please contact:

Lance Mierendorf
CFO
1.587.318.2218
1.800.668.7143

High Arctic Energy Services Inc.
Suite 2350, 330-5th Avenue SW
Calgary, Alberta, Canada T2P 0L4
Website: www.haes.ca
E-mail: info@haes.ca


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