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Press release from CNW Group

High Arctic Declares Monthly Dividend

Friday, July 20, 2012

High Arctic Declares Monthly Dividend13:58 EDT Friday, July 20, 2012/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.  ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW/RED DEER, AB, July 20, 2012 /CNW/ - High Arctic Energy Services Inc. (TSX: HWO) ("High Arctic" or the "Corporation") is pleased to announce that its Board of Directors has approved a monthly dividend payment of $0.01 per share to holders of common shares. The dividend is payable on August 14, 2012, to holders of High Arctic common shares of record at the close of business on July 31, 2012. The ex-dividend date is July 27, 2012.The dividend is designated as an "eligible dividend" for Canadian Income Tax purposes.About High Arctic The Corporation is a global provider of specialized oilfield equipment and services, including drilling, completion and workover operations.  Based in Red Deer, Alberta, High Arctic has domestic operations throughout western Canada and international operations in Papua New Guinea.For further information: Robert Morin Chief Financial Officer 403 340 9825 robert.morin@haes.ca