IMA Exploration Inc. (AMEX: IMR, TSXV: IMR) is a Vancouver-based exploration company with a history of discovery success in the precious metal sector.

The Company has experienced and well-known management and technical teams, over $20 million in its treasury and a plan for success during these challenging economic times.

IMA is working to effectively deploy its capital to take advantage of the vacuum felt within the resource sector by the sudden drop in commodity prices and the credit freeze. Other than gold, commodities continue to slide and capital is still tight. IMA's past 15 months of project and company review will allow us to quickly target specific opportunities as they arise. With many company valuations coming down by as much as 90%, the environment for discounted acquisitions exists. Long-term fundamentals for many commodities remains strong and as prices remain depressed this will affect supply and ultimately bring stability to pricing.

The Company has no debt and has reduced its burn rate by close to 50% since the summer of 2008. As a shareholder of IMA Exploration, you are aligned with management's belief that cash is even more valuable an asset to a mining exploration company than property, in times of economic downturn and commodity price declines. It is the preservation of cash that has created a compelling investment opportunity for IMA's shareholders.

Principal Property

Island Copper Property, British Columbia

On May 12, 2008 the Company announced that it entered into a binding Letter of Intent with Western Copper Corporation (“Western Copper”) to further explore and develop the Island Copper Property in which the Company has the right to acquire up to a 70% interest.

The Island Copper Property, which includes the Hushamu porphyry style copper-molybdenum-gold deposit is located on northern Vancouver Island, B.C., approximately 25 kilometers southwest of Port Hardy, B.C.

The Hushamu deposit hosts a NI 43-101 compliant measured and indicated resource of 230.9 million tonnes grading 0.28% Cu and 0.31 g/t Au, containing 2.08 million ounces of gold and 1.39 billion pounds of copper,.

As well as an inferred resource of 52.8 million tonnes grading 0.28% Cu, 0.38 g/t Au, containing 327 million pounds of copper and 0.59 million ounces of gold. The deposit also contains unclassified molybdenum mineralization.

At least 5 additional copper-molybdenum-gold porphyry targets and more than 15 poly-metallic volcanic and sediment hosted targets occur within the property and the Company considers the overall property to host an extensive exploration upside.

During Q3, the Company signed a drilling contract with Matrix Diamond Drilling Inc. of British Columbia to complete a minimum 5,000m Phase I drill program on the Island Copper project and received a drill permit from the British Columbia Ministry of Energy and Mines.

Phase I drilling commenced in October with two diamond drill rigs, both initially located on the NW Expo Gold-Copper-Moly target. The Company’s drilling will step out to the north and west of previous drill intercepts to test the open extensions to the mineralization with the aim of delineating mineralized zones that will add to the already substantial copper-gold resource at Hushamu.

The drill rigs will then be moved to the Hushamu resource area. Drilling on the Hushamu resource area will be focused on increasing the copper equivalent grade of the resource, by quantifying molybdenum mineralization not previously included in the estimate, as well as, increasing tonnage.

In addition;

Blue Sky Uranium Corp., http://www.blueskyuranium.com/

IMA owns approximately 36 per cent of the partially diluted shares of Blue Sky

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The Rule Family Trust, owns 19.36% of the IMA Exploration Inc, shares