Core Viewpoint - High Arctic Energy Services Inc. announces the resignation of CEO Mike Maguire and the appointment of Lonn Bate as Interim CEO, effective August 19, 2025, alongside the appointment of Jay Bachman as Interim CFO, subject to TSX Exchange approval [1][2]. Group 1: Leadership Changes - Mike Maguire resigns as CEO, allowing him to focus on his role at High Arctic Overseas Holdings Corp. [1][2] - Lonn Bate, previously CFO since July 1, 2024, is appointed as Interim CEO, bringing over 25 years of financial leadership experience in the energy sector [1][2]. - Jay Bachman is appointed as Interim CFO, having joined the finance team in a consulting capacity in September 2024, with over 20 years of financial experience [2][3]. Group 2: Company Overview - High Arctic Energy Services is an energy services provider specializing in pressure control equipment and high-pressure stimulation support for oil and gas wells, operating from bases in Whitecourt and Red Deer, Alberta [4].

Group 1 - High Arctic Energy Services Inc. held its annual general and special meeting on June 19, 2025, with 32 shareholders representing approximately 67.50% of total votes [1] - Shareholders approved the election of four directors, with detailed voting results showing high approval rates for each nominee, ranging from 98.544% to 99.814% [2] - A resolution was passed to appoint MNP LLP as auditors and to approve a new omnibus equity incentive plan, replacing the existing stock option plan, performance share unit plan, and deferred share unit plan [2] Group 2 - High Arctic Energy Services is an energy services provider specializing in pressure control equipment and high-pressure stimulation support for oil and gas wells, operating from bases in Whitecourt and Red Deer, Alberta [3]