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Press release from CNW Group

High Arctic Declares Monthly Dividend

Wednesday, January 16, 2013

High Arctic Declares Monthly Dividend10:55 EST Wednesday, January 16, 2013/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, Jan. 16, 2013 /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 February 14, 2013, to holders of High Arctic common shares of record at the close of business on January 31, 2013. The ex-dividend date is January 29, 2013. 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: Ken Olson Chief Financial Officer 403 508 7836 ext 103 ken.olson@haes.ca