IMA Exploration Inc.: Results of the Annual General Meeting of Shareholders

  IMA Exploration Inc. ("IMA") (TSX VENTURE: IMR)(NYSE-A: IMR)(FRANKFURT: IMT) (WKN 884971) is pleased to announce the results of the Annual General Meeting of shareholders held in Vancouver, British Columbia on December 9, 2008. The shareholders approved all motions put forth at the meeting including the ratification of IMA's Stock Option Plan.

The incumbent directors re-elected for the coming year are:

Joseph Grosso

David Horton

Stuart "Tookie" Angus

Jerry Minni

Leonard Harris

David Terry

IMA also elected a new director; Michael Atkinson, who brings more than 15 years of experience in the investment industry to the Board. Most recently, he was the Vice President of Quest Capital Corp. Mr. Atkinson will be an asset to the team related to IMA's project and investment acquisition needs.

The directors held a meeting immediately following the Annual General Meeting and appointed the following officers for IMA:

Joseph Grosso - President and CEO

David Terry - Vice President, Exploration

Linda McClusky - Secretary

Michael Clark - Acting CFO

The Board of Directors would like to thank the shareholders for their continued support.

"Mr. Atkinson is a welcome addition to the already experienced Board," stated Joseph Grosso, president and chief executive officer of IMA. "He will be able to use his experience and knowledge in the active pursuit of undervalued opportunities. With the difficulty in the credit markets and the overall economy, IMA is now seeing amazing opportunities and it's because our cash is uninhibited."

IMA is a Vancouver based exploration company with over $22M in its treasury as well as a growing basket of investments. The acquisition of the Island Copper Project is Phase I of IMA's business strategy and aligns with the Company's objective to acquire projects that contain established resources, near-term cash flow and offer significant opportunities for expansion through continued exploration. A PowerPoint presentation on the project is available on the Company's web site (www.imaexploration.com).

All prospective and current shareholders of IMA Exploration are invited to join the company's official investment forum exclusively at PinnacleDigest.com: http://www.pinnacledigest.com/company/imr:ca. The forum allows for investor controlled discussion with progressive feedback from other shareholders and investors. Third party reports on the company are also available at www.PinnacleDigest.com.

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.

2008 Number 12

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

Contacts: IMA Exploration Inc. Joseph Grosso President & CEO Toll Free: 1-800-901-0058 or [phone] IMA Exploration Inc. Keir Reynolds Manager, Corporate Communications Toll Free: 1-800-901-0058 or [phone] [phone] (FAX) Email: [e-mail] Website: www.imaexploration.com