High Arctic Declares Monthly Dividend

/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, June 19, 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 July 13, 2012, to holders of High Arctic common shares of record at the close of business on June 29, 2012. The ex-dividend date is June 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.

SOURCE High Arctic Energy Services Inc.

For further information:

Robert Morin
Chief Financial Officer
403 340 9825
robert.morin@haes.ca

Organization Profile

High Arctic Energy Services Inc.

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