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, 2005.

                        Commission File Number: 0-30464


                              IMA EXPLORATION INC.
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                 (Translation of registrant's name into English)


  #709 - 837 West Hastings Street, Vancouver, British Columbia, V6C 3N6, Canada
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                    (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 16, 2005                     /s/ Joseph Grosso
     ------------------------------        -------------------------------------
                                           Joseph Grosso,
                                           President & CEO





                              IMA EXPLORATION INC.

                      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  OTC Bulletin Board: IMXPF
                 Frankfurt & Berlin Exchanges: IMT (WKN 884971)

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NEWS RELEASE                                                      MARCH 16, 2005


                              STOCK OPTIONS GRANTED

IMA EXPLORATION INC. would like to announce that pursuant to the Company's stock
option plan, IMA has granted incentive stock options to its directors, employees
and  consultants  to purchase up to an aggregate of 900,000 common shares in the
capital stock of IMA Exploration  Inc.,  exercisable for a period of five years,
at a price of $4.16 per share.  These  options are subject to a four-month  hold
period.

IMA is well  financed to continue to test the  numerous  exploration  targets at
Navidad  with  significant  drill  programs.  The  Company  has  over  10  years
experience in Argentina and is dedicated to the  exploration  and development of
socially, economically and environmentally responsible mining opportunities.


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,  Investor  Relations  Manager,  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 NUMBER 7