IMA Exploration Inc.
TSX VENTURE : IMR
FRANKFURT : IMT
BERLIN : IMT
AMEX : IMR

IMA Exploration Inc.

April 12, 2007 20:40 ET

IMA Exploration Inc.: Update on Appeal Process

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 12, 2007) - IMA Exploration Inc. (TSX VENTURE:IMR)(AMEX:IMR)(FRANKFURT:IMT)(BERLIN:IMT)(WKN 884971) announces that the Company's appeal of the July 14, 2006 Supreme Court of British Columbia judgment that awarded the Navidad Project to Aquiline has completed three days of hearings on April 12, 2007. The British Columbia Court of Appeal has reserved their judgment on the appeal. At this time the outcome of their deliberations is unknown as is the timing of their judgment.

ON BEHALF OF THE BOARD

Mr. Joseph Grosso, President & CEO

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.

2007 Number 2

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.

Contact Information

  • IMA Exploration Inc.
    Joseph Grosso
    President & CEO
    1-800-901-0058 or (604) 687-1828
    or
    IMA Exploration Inc.
    Sean Hurd
    Vice President Investor Relations
    1-800-901-0058 or (604) 687-1828
    (604) 687-1858 (FAX)
    Email info@imaexploration.com
    Website: www.imaexploration.com