High Arctic Declares Monthly Dividend

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RED DEER, AB, Aug. 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 September 14, 2012, to holders of High Arctic common shares of record at the close of business on August 31, 2012. The ex-dividend date is August 29, 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.

Dennis Sykora
Executive Vice President and General Counsel
403 340 9825
[email protected]