Kobex Capital Corp.
Kobex Capital Corp.
Kobex Capital Corp.

News Releases

Kobex Minerals Inc.

 November 17, 2005
Stock Options Granted

 News Release 2005 Number 21

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 460,000 common shares in the capital stock of IMA Exploration Inc., exercisable for a period of five years, at a price of $2.92 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.


"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.

You can view the Next News Releases item: Thu Dec 1, 2005, IMA Announces Preliminary Metallurgical Results from Navidad

You can view the Previous News Releases item: Thu Oct 13, 2005, IMA Intersects 31.5m of 684 g/t Silver at Loma de la Plata

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