19 September 2008

ADDITIONAL HIGH GRADE NICKEL, COPPER AND COBALT INTERSECTIONS AT NACHINGWEA

IMX Resources NL (ASX:IXR) is pleased to report the first assay results from the 2008 Nachingwea JV drilling program in Tanzania which were announced by JV partner TSXV listed Continental Nickel Limited (?CNI?) in which IMX Resources has a substantial shareholding of 47.3%.

Of the 10 holes for which assays have been received, eight drill holes intersected high grade intervals of nickel and copper in sulphide and oxide mineralisation, with several of the drillholes also intersecting significant cobalt mineralisation.

The highlights of the drill assays received are:

NAD013 Zone:

?         14.61% nickel, 3.04% copper and 0.20% cobalt over 1.85m and 14.95% nickel, 5.46% copper and 0.21% cobalt over 1.30m within 6.35m grading 7.46% nickel, 2.04% copper and 0.10% cobalt,

J Zone:

?         1.68% nickel and 0.28% copper over 26.00m

?         4.31% nickel, 0.54% copper and 1.13% cobalt over 3.00m within 12.00m grading 2.05% nickel, 0.29% copper and 0.07% cobalt,

Duncan McBain, Manager Director of IMX Resources said ?The Nachingwea project has again produced some spectacular drill results from the Ntaka Intrusion which reaffirm the potential of the area.?

?We keenly await further assay results from both the Ntaka area and the new regional targets, as well as the interpretation from the VTEM survey which was flown in June / July.?

2008 Diamond Drilling Program

The 2008 diamond drilling program is continuing to evaluate the 2006 and 2007 discoveries of seven high grade zones of nickel / copper mineralisation at the Ntaka Intrusion. In addition new regional targets identified from the 2007 VTEM survey are  also being tested.

Previous reported intersections from the Ntaka Intrusion include 1.90m @ 17.11% Ni and 2.71% Cu and 3.00m @ 11.23% Ni and 1.74% Cu at NAD013 Zone, 6.35m @ 7.11% Ni and 0.71% Cu within 21.0m @ 3.35% Ni and 0.46% Cu at J Zone, 9.55m @ 7.50% Ni and 1.15% Cu at H Zone, 2..9m @ 4.56% Ni and 0.81% Cu, and 4.35m @ 4.66 % Ni and 0.91% Cu within 15.25m @ 2..4% Ni and 0.5% Cu at L Zone.

Figure 1: Ntaka ground EM targets with nickel ? copper sulphide zones highlighted

Eighty drill holes totalling 9,447m have been completed to date in 2008. Two diamond drills have been operating since July and it is anticipated that 12,000 to 15,000m of drilling will be completed during the current field season.

Nachingwea Holding Structure

The IMX Resources interests in the Nachingwea project are held indirectly through a 47.3% interest in Continental Nickel, which holds a 70% interest in the Tanzanian JV company, Ngwena Limited. Ngwena is the licence holder for the Nachingwea tenements. IMX Resources also holds a 30% direct interest in the project through a 30% interest in Ngwena.

IMX Resources 30% interest is free carried up to the completion of a feasibility study or the expenditure of Cdn$15m. Continental Nickel can earn an additional 5% on completion of the feasibility study and a further 5% upon the expenditure of Cdn$15m

The full version of the announcement and results is available at: http://www.purplecom.com.au/_content/documents/941.pdf

DUNCAN MCBAIN

MANAGING DIRECTOR

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Issued by

Purple Communications

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purple@purplecom.com.au