IMA Exploration Inc.

IMA Exploration Inc.

January 06, 2005 10:48 ET

More High Grade Silver at Loma de la Plata and Sector Zeta on IMA's Navidad Silver-Lead Project


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: IMA EXPLORATION INC.

TSX VENTURE SYMBOL: IMR
OTC Bulletin Board SYMBOL: IMXPF
FRANKFURT, BERLIN SYMBOL: IMT

JANUARY 6, 2005 - 10:48 ET

More High Grade Silver at Loma de la Plata and Sector
Zeta on IMA's Navidad Silver-Lead Project

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 6, 2005) - IMA
Exploration Inc. (TSX
VENTURE:IMR)(OTCBB:IMXPF)(FRANKFURT:IMT)(BERLIN:IMT) is pleased to
announce the complete results of surface rock sampling at the Loma de la
Plata and Sector Zeta targets on it's 100% owned Navidad project in
Patagonia, Argentina. Loma de la Plata and Sector Zeta are located
approximately 4 km to 5 km to the west of Galena Hill Deposit. Both
zones show excellent potential to add to the 268 million ounce indicated
silver resource (80.8 Mt @ 103 g/t silver) that has been defined to date
at Galena, Connector, and Navidad Hills (To see attached map please
click on the following link:
http://www2.ccnmatthews.com/database/fax/2000/0106ima.jpg).

At Loma de la Plata, an area of approximately 400 x 400 metres, has been
systematically sampled with twelve lines of continuous and
semi-continuous channel samples, these sample lines range in length from
12.5 to 135.9 metres (see attached table). New results from the Loma de
la Plata results include the following:



Line LP-2: 103.3 metres of 290 g/t silver
Line LP-9: 49.5 metres of 410 g/t silver
Line LP-10: 56.0 metres of 452 g/t silver

Previously announced results (see December 9, 2004 news release)
include the following:

Line LP-1: 40.1 metres of 740 g/t silver
Line LP-3: 42.9 metres of 684 g/t silver
Line LP-4: 135.9 metres of 159 g/t silver
Line LP-7: 48.5 metres of 315 g/t silver

At Sector Zeta, seven sample lines ranging in length from 6.7 to 60.0
metres have been completed covering an area of approximately 80 by 100
metres (To see attached figure please click on the following link:
http://www2.ccnmatthews.com/database/fax/2000/0106ima.jpg). Highlights
of the Sector Zeta results include:

Line Z-5: 8.0 metres of 105 g/t Silver and 1.14% Copper
Line Z-6: 12.0 metres of 112 g/t Silver and 1.13% Copper
Line Z-7: 12.0 metres of 133 g/t Silver and 3.27% Copper


Ongoing work and pending results from the Navidad project include Phase
III drilling (13 holes were competed prior to the Christmas break), the
expanded soil sampling grid (1,366 new samples collected to the
southwest of the present grid), a large expansion to the geophysical
grid, and ongoing prospecting, mapping, and rock sampling. Results from
this work and continued Phase III drilling at Calcite Hill, Navidad
Hill, and the Connector Zone will be released as they become available.

The Loma de la Plata zone is hosted within quartz-eye latite volcanic
rocks that dip to the northeast at 15 to 45 degrees. Mineralization
occurs in micro-veinlets and breccia zones and consists primarily of
minor galena and copper oxides with common native silver. A more
complete geological description of the Loma de la Plata zone can be
found in the December 9, 2004 press release that included partial
results from sample lines LP-1 to LP-7, more detailed maps and cross
sections of the zone can be found at IMA's website
(www.imaexploration.com).

Mineralization at Sector Zeta predominantly consists of green copper
oxides within argillicly altered latite volcanic rocks that are often
brecciated. IMA geologists interpret that the volcanic rocks which host
mineralization here are part of the same volcanic unit that hosts
mineralization at Galena and Navidad Hills and also at Loma de la Plata.
At present, the orientation of the mineralized zone at Sector Zeta is
unknown, drill data will be needed to unambiguously define the geometry
and size of the mineralization.

The possibility of leaching, or alternatively, concentration of silver
and copper values at or near surface, particularly at Sector Zeta in the
case of copper, can not be determined from the data available to date.
Drilling will be required to determine the distribution of grades at
depth and the true thickness of the mineralization at Loma de la Plata.

Dr. Paul Lhotka is IMA's Qualified Person for the Navidad project under
National Instrument 43-101 regulations and has overseen all aspects of
the current program. For more information and maps depicting the work
described herein please visit IMA's web site at www.imaexploration.com/.

IMA is well financed to execute several significant drill programs to
continue to test the numerous remaining targets at Navidad as well as
conduct a regional review of the Company's large adjoining land package.
The Company has over 10 years experience in Argentina and is focused on
the exploration and development of its' 100% owned Navidad silver
discovery.

ON BEHALF OF THE BOARD

Mr. Joseph Grosso, President & CEO

WKN 884971

Cautionary Note to US Investors: This news release may contain
information about adjacent properties on which we have no right to
explore or mine. We advise U.S. investors that the SEC's mining
guidelines strictly prohibit information of this type in documents filed
with the SEC. U.S. investors are cautioned that mineral deposits on
adjacent properties are not indicative of mineral deposits on our
properties. This news release may contain forward-looking statements
including but not limited to comments regarding the timing and content
of upcoming work programs, geological interpretations, receipt of
property titles, potential mineral recovery processes, etc.
Forward-looking statements address future events and conditions and
therefore involve inherent risks and uncertainties. Actual results may
differ materially from those currently anticipated in such statements.

2005 Number 1



Table 1: Complete Loma de la Plata Trench Results

--------------------------------------------------------------------
length LWA Silver LWA Copper LWA Lead
Line (metres) (g/t) (%) (%)
--------------------------------------------------------------------
Line LP-1 40.1 740 0.10 0.16
--------------------------------------------------------------------
Line LP-2 - total 103.3 290 0.04 0.02
--------------------------------------------------------------------
unsampled gaps 35.6 - - -
--------------------------------------------------------------------
sampled portion only 67.7 442 0.05 0.08
--------------------------------------------------------------------
Line LP-3 42.9 684 0.09 0.23
--------------------------------------------------------------------
Line LP-4 - total 135.9 159 0.04 0.02
--------------------------------------------------------------------
unsampled gaps 63.4 - - -
--------------------------------------------------------------------
sampled portion only 72.5 298 0.07 0.03
--------------------------------------------------------------------
Line LP-5 24.0 260 0.08 0.02
--------------------------------------------------------------------
Line LP-6 15.0 384 0.17 0.01
--------------------------------------------------------------------
Line LP-7 : total 48.5 315 0.15 0.01
--------------------------------------------------------------------
unsampled gaps 19.0 - - -
--------------------------------------------------------------------
sampled portion only 29.5 518 0.25 0.01
--------------------------------------------------------------------
Line LP-8 : total 61.2 168 0.02 0.51
--------------------------------------------------------------------
unsampled gaps 26.6 - - -
--------------------------------------------------------------------
sampled portion only 34.6 297 0.04 0.89
--------------------------------------------------------------------
Line LP-9 : total 49.5 410 0.05 0.05
--------------------------------------------------------------------
unsampled gaps 11.6 - - -
--------------------------------------------------------------------
sampled portion only 37.9 535 0.06 0.07
--------------------------------------------------------------------
Line LP-10 : total 56.0 452 0.09 0.00
--------------------------------------------------------------------
unsampled gaps 19.9 - - -
--------------------------------------------------------------------
sampled portion only 36.1 701 0.13 0.00
--------------------------------------------------------------------
Line LP-11 12.5 162 0.04 0.02
--------------------------------------------------------------------
Line LP-12 : total 29.9 50 0.01 0.06
--------------------------------------------------------------------
unsampled gaps 16.5 - - -
--------------------------------------------------------------------
sampled portion only 13.4 111 0.02 0.13
--------------------------------------------------------------------


Table 2: Sector Zeta Trench Results

--------------------------------------------------------------------
length LWA Silver LWA Copper LWA Lead
Line (metres) (g/t) (%) (%)
--------------------------------------------------------------------
Line Z-1 30.0 19 0.44 0.00
--------------------------------------------------------------------
Line Z-2 10.0 54 0.85 0.00
--------------------------------------------------------------------
Line Z-3 21.1 29 0.65 0.08
--------------------------------------------------------------------
Line Z-4 6.7 53 0.43 0.00
--------------------------------------------------------------------
Line Z-5 23.0 58 0.70 0.00
--------------------------------------------------------------------
including 8.0 105 1.14 0.00
--------------------------------------------------------------------
Line Z-6 60.0 61 0.64 0.00
--------------------------------------------------------------------
including 12.0 112 1.13 0.00
--------------------------------------------------------------------
Line Z-7 26.0 63 1.56 0.00
--------------------------------------------------------------------
including 12.0 133 3.27 0.00
--------------------------------------------------------------------

Notes: 1. "LWA" indicates length weighted average grade.
2. Line totals include the complete length of the trench with
unsampled portions included at zero grade.
3. Line LP-2 includes 39.3 metres that were previously released
and a 64.0 metre extension.



-30-

Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    IMA Exploration Inc.
    Joseph Grosso
    President & CEO
    (604) 687-1828 or Toll Free: 1-800-901-0058
    (604) 687-1858 (FAX)
    or
    IMA Exploration Inc.
    Sean Hurd
    Investor Relations Manager
    (604) 687-1828 or Toll Free: 1-800-901-0058
    (604) 687-1858 (FAX)
    Email: info@imaexploration.com
    Website: www.imaexploration.com
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or the accuracy of this release.