Coral Gold Resources Ltd. (TSX VENTURE: CLH)(OTCBB: CLHRF)(BERLIN: GV8)(FRANKFURT: GV8) (the "Company") is pleased to announce initial gold results from its recent RC drill program on the Triplet Gulch zone at Coral's Robertson property, Nevada, USA.

The program consisted of 12 vertical 600 ft depth reverse circulation holes at 500 ft spacing. Hole locations can be viewed on Coral's website www.coralgold.com. The program started 1 June and was completed 22 June.

Coral has received gold assay results from holes CR10-1 through CR10-9. Intersections over cut off grade of 350 ppb (0.0103 oz/ton) are as follows:


Hole          Depth from to ft      Au (ppb)  Au (oz/ton)
--------------------------------------------------------
CR10-1                  0 - 10          788       0.0234
                     130 - 135          440       0.0128
                     155 - 160          383       0.0112
                     195 - 220          388       0.0113
                     225 - 260          389       0.0114
                     280 - 295          487       0.0142
                     460 - 480          579       0.0169
                     555 - 560          508       0.0148
                     585 - 600          351       0.0103

CR10-2               135 - 140          789       0.0230
                     215 - 245        1,180       0.0337
   (includes         235 - 240        4,630        0.135)
                     320 - 340          710       0.0171
                     360 - 370         1505       0.0437
                     460 - 465         1020       0.0298
                     510 - 520          656       0.0195
                     580 - 585          492       0.0143

CR10-3                 20 - 25          733       0.0214
                     285 - 295        1,117       0.0325
                     350 - 360          624       0.0182
                     490 - 495          350       0.0102
                     515 - 535        1,385       0.0404
                     585 - 595          555       0.0162

CR10-4                 10 - 15        1,430       0.0417
                     320 - 330          745       0.0217
                     500 - 505          417       0.0122
                     580 - 600          881       0.0258

CR10-5               105 - 110          970       0.0283
                     125 - 135          548       0.0160
                     310 - 325          631       0.0184
                     350 - 355          534       0.0156
                     390 - 395          483       0.0141
                     430 - 440          591       0.0114
                     480 - 485          713       0.0208
                     500 - 515          444       0.0129
                     585 - 595          872       0.0254

CR10-6               320 - 325          433       0.0126
                     335 - 340          406       0.0118

CR10-7                80 - 100        3,988       0.1164
   (includes          95 - 100       14,300        0.418)
                     390 - 405          575       0.0168
                     570 - 575          422       0.0123

CR10-8                 60 - 65        1,585       0.0463
                       75 - 80          479       0.0140
                     185 - 210        1,552       0.0484
                     365 - 380          666       0.0195
                     515 - 550          564       0.0164
                     560 - 565          376       0.0110

CR10-9                 75 - 85        8,817       0.2575
   (includes           75 - 80       16,750       0.4891)
                     180 - 185          539       0.0157
                     385 - 390          557       0.0162

The program was supervised and all samples were collected by Robert McCusker, qualified person for NI43-101 and were fire assayed by ALS Chemex Labs using an AA finish.

For more information on the Robertson Property and Coral Gold's other Nevada projects, visit the Company's website at www.coralgold.com.

ON BEHALF OF THE BOARD

David Wolfin, President

This release contains statements that are forward-looking statements and are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in the Company's periodic filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not assume the obligation to update any forward-looking statement.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts: Coral Gold Resources Ltd. David Wolfin President 604.682.3701 604.682.3600 (FAX) info@coralgold.com www.coralgold.com

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