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 MARCH, 2007. 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: March 5, 2007 /s/ Joseph Grosso ------------------------------ ------------------------------------- Joseph Grosso, President & CEO BC FORM 51-102F3 MATERIAL CHANGE REPORT 1. NAME AND ADDRESS OF COMPANY IMA Exploration Inc. (the "Issuer") #709 - 837 West Hastings Street Vancouver, BC V6C 3N6 Phone: (604) 687-1828 2. DATE OF MATERIAL CHANGE March 5, 2007 3. PRESS RELEASE The press release was released on March 5, 2007 through various approved public media and filed with the TSX Venture Exchange and the British Columbia, Ontario, Alberta and Quebec Securities Commissions. 4. SUMMARY OF MATERIAL CHANGE(S) See attached press release for details. 5. FULL DESCRIPTION OF MATERIAL CHANGE See attached press release for details. 6. RELIANCE ON SUBSECTION 7.1(2) OR (3) OF NATIONAL INSTRUMENT 51-102 Not Applicable 7. OMITTED INFORMATION Not Applicable 8. EXECUTIVE OFFICER Art Lang, CFO Phone: (604) 687-1828 9. DATE OF REPORT March 5, 2007. 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 - MARCH 5, 2007 IMA REPLIES TO AQUILINE'S FACTUM IN THE APPEAL OF NAVIDAD JUDGMENT IMA EXPLORATION INC. (IMR-AMEX, IMR-TSX.V) is pleased to announce that it has filed its reply and factum with the Court of Appeal of British Columbia. The reply is in response to Aquiline's factum of February 18, 2007.The reply and factum will be posted on the Company's website (WWW.IMAEXPLORATION.COM) once it has been filed with SEDAR. It is expected to be on the website no later than March 7th. Management strongly encourages shareholders and all interested parties to visit IMA's website to view this document. The Court of Appeal is scheduled to hear IMA's appeal on April 10, 2007. 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. 2007