Windfire Capital Corp. announced that it has signed a letter of intent with DMiner Asset Management Inc. to acquire a majority interest in an off-shore petroleum exploration license with a drill ready oil and gas discovery prospect in the Orange Basin of Namibia. Duane Parnham will be appointed as Executive Chairman of Windfire upon closing of the transaction.

Mr. Parnham has extensive experience working in Africa more particularly over 18 years in Namibia where he has successfully developed exploration companies from the start-up stage to fully-permitted projects with considerable resources and reserves. His experience includes working internationally with governments and landowners to identify high-impact and underdeveloped projects, and providing the capital and managerial resources necessary to create shareholder value. Mr. Parnham was the founder and Chairman of UNX Energy.