Ima Exploration Inc.

IMA Exploration Inc. (TSX VENTURE: IMR)(AMEX: IMR) is a Vancouver based exploration company with over $22M in its treasury and is on the hunt for investments and/or acquisitions. The acquisition of the Island Copper Project in May 2008 is Phase I of IMA's business strategy with more transactions planned. Despite market conditions, IMA is cashed up and aggressively seeking advanced, near-term production assets to sink its considerable technical teeth into.

IMA is currently reviewing and evaluating several flagship deals. This market meltdown has opened a window for the company to further bolster its assets and reallocate exploration capital to acquisition capital. It’s as if the market has come to IMA, by sitting back and preserving its cash they have increased their buying power. Many of the assets that the company has had on its radar screen since as far back as March and April have come down in value by as much as 50% to 75%. In these markets, IMA can buy better drill results through acquisition than the company can through direct exploration, something rarely seen in the industry, but a signal that can’t be missed by a cash-rich company.