Coral Provides Robertson Project Update

VANCOUVER, BC - Coral Gold Resources Ltd. reported an update on the pending Environmental Assessment report as well as the full results from its 13hole spring 2012 drill program at its Robertson property in Crescent Valley, NV.

The Environmental Assessment ("EA") is proceeding. The baseline vegetation and wildlife fieldwork has been completed and the baseline studies report was submitted to the BLM. Coral's independent engineering firm, SRK Consultants ("SRK") is preparing to file the completed EA report once the base line study is approved. In the application for the new Amendment to the Plan of Operations ("APO") report, Coral has applied for a blanket permit to allow the Company to drill up to 500 holes. Upon acceptance of the APO, Coral plans to continue Phase 2 drilling consisting of 60 holes as part of the forthcoming pre-feasibility study.

Coral was permitted to drill 13 holes on the Porphyry gold zone in 2012. The program consisted of diamond drill core holes that twinned existing Amax Gold Inc. ("Amax") holes (circa 1990 -- 1996) that provided core for leach tests at McClelland Laboratories Inc. in Reno, NV. The holes were part of the Phase 1 drill program as proposed in the January 2012 Preliminary Economic Assessment ("PEA") and were designed to verify Amax's historic drilling data, to confirm the data is correct, and to upgrade the level of confidence in resources contained in the oxidized zones. The Phase 1 drill program represents Coral's first step towards pre-feasibility as defined by the PEA.

"Because of differences in bedrock depth and total hole depth between the 2012 and historic drill holes, the drilling produced a total of 1,145 sample pairs. The average Au value returned by the 2012 core holes was 0.514 ppm compared with 0.549 ppm returned by the twinned historic drill holes, a difference of 0.035 ppm or 6.4%. Much of this difference is due to single high-grade intercepts which tended to slightly skew the data. Although the correlation between individual sample pairs was poor, the overall distribution of Au values was similar with higher grade values at similar elevations in the 2012 core and twinned historic holes.

"Overall, the results the 2012 core drilling program of twinning historic drill holes in the Porphyry zone indicates that the historic drilling appears to accurately reflect both the grade and distribution of Au mineralization in the zone and can be used with confidence.

"Core was logged, photographed and bagged at Coral's core logging facility in Crescent Valley and collected by ALS. It is crushed in Elko, Nevada and a sample is split out for assay by ALS; the reject or remaining material will be shipped to McClelland Labs in Reno for metallurgical test work.

"The QA/QC program employed on the project consisted of inserting 53 coarse blank or very low-grade control samples into the sample stream accompanied by 56 certified reference pulps samples inserted at specified locations in the sample stream. In addition, a total of 148 check assays of selected samples are to be completed at Inspectorate Labs, in Sparks NV. The check assay program will consist of 75 re-screening and re-assaying of the original (ALS) pulp samples and 73 assays of new pulps produced from the original sample reject."