UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of JULY, 2006. Commission File Number: 001-32558 IMA EXPLORATION INC. -------------------------------------------------------------------------------- (Translation of registrant's name into English) #709 - 837 West Hastings Street, Vancouver, British Columbia, V6C 3N6, Canada -------------------------------------------------------------------------------- (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: FORM 20-F [X] FORM 40-F [ ] Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): _______ Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): _______ Indicate by check mark whether the registrant by furnishing the information contained in this Form, is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. YES [ ] NO [X] If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3- 2(b): 82-_____________ SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf of the undersigned, thereunto duly authorized. IMA EXPLORATION INC. ------------------------------------- Date: July 17, 2006 /s/ Joseph Grosso ------------------------------ ------------------------------------- Joseph Grosso, President & CEO IMA EXPLORATION INC. (A Grosso Group Company) Suite 709 - 837 West Hastings Street, Terminal City Club Tower, Vancouver, B.C. V6C 3N6 Tel: 604-687-1828 Fax: 604-687-1858 Toll Free: 800-901-0058 Internet: www.imaexploration.com E-mail: info@imaexploration.com TSX Venture Exchange: IMR American Stock Exchange: IMR Frankfurt & Berlin Exchanges: IMT (WKN 884971) -------------------------------------------------------------------------------- NEWS RELEASE - JULY 17, 2006 IMA REAFFIRMS INTENT TO APPEAL IMA EXPLORATION INC. (IMR-AMEX, IMR-TSX.V). Further to the Company's press release dated July 16, 2006, regarding the judgment against IMA in the dispute over the ownership of the Navidad project, Management wishes to reaffirm its intent to appeal this judgment. As stated in yesterday's press release, Management believes that the trial judge's interpretation of the confidentiality agreement in question is contrary to the terms of the agreement itself, industry practice and understanding and the facts made known at trial. The Company will ask the Court of Appeal that the judgment be set aside in its entirety. ON BEHALF OF THE BOARD /s/ Joseph Grosso __________________________________ Mr. Joseph Grosso, President & CEO For further information please contact Joseph Grosso, President & CEO, or Sean Hurd, Vice President, Investor Relations, at 1-800-901-0058 or 604-687-1828, or fax 604-687-1858, or by email INFO@IMAEXPLORATION.COM, or visit the Company's web site at HTTP://WWW.IMAEXPLORATION.COM. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release. 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. 2005