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

IMA Exploration Inc.

September 07, 2007 09:57 ET

IMA Files Application for Leave to Appeal With the Supreme Court of Canada

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 7, 2007) - IMA Exploration Inc.'s ("IMA") (TSX VENTURE:IMR)(AMEX:IMR)(FRANKFURT:IMT)(WKN 884971) Management announces that its Application for Leave to Appeal the decision of the Court of Appeal for British Columbia in Minera Aquiline Argentina SA v IMA Exploration Inc. and Inversiones Mineras Argentinas S.A. was filed on September 6, 2007 with the Supreme Court of Canada.

In order to obtain Leave to Appeal, IMA has to demonstrate that the case raises an issue of national importance or that it is otherwise of such nature or significance as to warrant a decision by the Supreme Court of Canada.

The Memorandum of Argument will be posted on IMA's website at imaexploration.com.

IMA anticipates receiving a decision on its Application for Leave to Appeal late in 2007 or early 2008. The Respondent has 30 days in which to file its response. IMA will then have the opportunity to file a brief reply.

ON BEHALF OF THE BOARD

Mr. Joseph Grosso, President & CEO

Cautionary Note to U.S. 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 6

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
    Toll Free: 1-800-901-0058 or (604) 687-1828
    or
    IMA Exploration Inc.
    Sean Hurd
    Vice President, Investor Relations
    Toll Free: 1-800-901-0058 or (604) 687-1828
    (604) 687-1858 (FAX)
    Email: info@imaexploration.com
    Website: www.imaexploration.com