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Press release from CNW Group

High Arctic Declares Monthly Dividend

Wednesday, November 21, 2012

High Arctic Declares Monthly Dividend11:48 EST Wednesday, November 21, 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, Nov. 21, 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 December 14, 2012, to holders of High Arctic common shares of record at the close of business on November 30, 2012. The ex-dividend date is November 28, 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.SOURCE: High Arctic Energy Services Inc.For further information: Dennis Sykora Executive Vice President and General Counsel 403 340 9825 dennis.sykora@haes.ca