High Arctic Energy Services Inc. announced the appointment of Lance Mierendorf as Chief Financial Officer ("CFO") effective October 1, 2021, and reports on good progress in preparation for services of Rig 115 in Papua New Guinea ("PNG"). Mr. Mierendorf initially joined the Corporation in April 2021 in a consulting capacity as Interim CFO to streamline and strengthen the finance and accounting processes within the Corporation and provide financial leadership for High Arctic's growth initiatives. Mr. Mierendorf has over 20 years of experience in senior financial leadership positions for publicly listed oil and gas companies, including significant experience in the international energy sector. Mr. Mierendorf is a Chartered Professional Accountant with an extensive background in financial stewardship, strategic planning and analysis, equity financing, debt restructuring and building global finance teams. Previously, Mr. Mierendorf held Chief Financial Officer roles for Divergent Energy Services Corp.