High Arctic Announces Engagement of Interim Chief Financial Officer

    RED DEER, AB, March 30 /CNW/ - High Arctic Energy Services Trust (the
"Trust") (TSX: HWO.UN) today announced that Randy Henderson, President of
Henderson Corporate Financial Consulting Inc., has been engaged, effective
April 1, 2007, to provide strategic financial support to the Trust as Interim
Chief Financial Officer. The engagement of Mr. Henderson results from the
departure of the Trust's former Chief Financial Officer, Shaun Peesker, who
has left the Trust to pursue other interests.
    Mr. Henderson has previously held the role of Chief Financial Officer for
large public and private Canadian corporations. He has also provided senior
level financial advice to the Trust during its 2005 and 2006 year ends and
currently is an advisor to the Special Committee of the Board of High Arctic
Energy Corp., administrator of the Trust, assisting them in their examination
of the benefits of a strategic restructuring of the Trust.

    Henderson Corporate Financial Consulting Inc. is a privately-owned
business that delivers expertise and focused solutions for the financial,
strategic and leadership challenges faced by organizations today.

    About High Arctic

    The Trust, through its subsidiaries, is a global provider of
underbalanced oilfield equipment and services, including drilling, completion
and workover operations. High Arctic's new underbalanced drilling technology
and equipment is recognized for its ability to improve oil and gas production
capabilities and is expected to develop greater acceptance in international
markets. Based in Red Deer, High Arctic has domestic operations in Alberta,
British Columbia and the Northwest Territories. International operations are
currently active in the Middle East, south-east Asia, and former Soviet

    %SEDAR: 00022316E

For further information:

For further information: Jed Wood, President and Chief Executive
Officer, High Arctic Energy Services Trust, Tel: (403) 304-9825,

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High Arctic Energy Services Inc.

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