Coral Completes Spring Drilling At Robertson

VANCOUVER, BC - Coral Gold Resources Ltd. reported that the final hole, CC 12-13 of the spring drilling program at it Robertson Property in Crescent Valley, Nevada is currently being drilled and will be completed.

Coral has been permitted to drill on the Porphyry gold zone. The program consisted of diamond core holes that twin original RC holes and provide core for leach tests at McClelland Laboratories Inc. in Reno, Nevada. They are part of the Phase 1 drill program and are designed to determine if Amax Gold Inc.'s historic drilling data can be used with certainty 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.

Coral would like to drill a further 27 core holes as recommended by the PEA in 2012 however the Bureau of Land Management ("BLM") has deferred authorizing any additional disturbance until the current Amendment to the Plan of Operations ("APO") and the National Environmental Policy Act ("NEPA") review are complete.

With regard to the APO progress, the cultural survey by Kautz and Co. was completed and submitted to the BLM. Currently SRK Consulting, Coral's independent environmental consulting firm has completed the botanical surveys at Robertson. Wildlife surveys are beginning and the bat survey is scheduled to begin. The final plant and animal report should be completed in August.

The drill program is under supervision of Robert McCusker, a consulting geologist who is a qualified person as defined by NI 43-101.

Core is bagged at our core bagging facility in Crescent Valley and collected by ALS Minerals ("ALS"). It is crushed at Elko, Nevada and a sample is split out for assay by ALS; the reject or remaining material is shipped to McClelland Labs in Reno for metallurgical test work. To date the first 6 holes have been delivered to ALS.