We search for dimuon decays of a low mass particle in the decays B0->K*0 X and B0->rho X using a data sample of 657x10^6 B Bbar events collected with the Belle detector at the KEKB asymmetric-energy e^+ e^- collider. We find no evidence for such a particle in the mass range from 212 MeV/c2 to 300 MeV/c2, and set upper limits on its branching fractions. In particular, we search for a particle with a mass of 214.3 MeV/c2 reported by the HyperCP experiment, and obtain upper limits on the pro