Activities Continuing To Advance At The Robertson Project 

VANCOUVER, BC - Coral Gold Resources Ltd. reported that Nevada Gold Mines (NGM) continues to advance activities on the Robertson Project in the Cortez region of Nevada where Coral retains a net smelter returns royalty (NSR). NGM recently delivered its summary of work completed in Q3 2019 at Robertson, reporting that infill and comparison drilling at the Porphyry and Altenburg Hill zones was completed, while infill drilling at the Gold Pan/39A zone began in July and was completed in September for a total of 7,754 meters of core during the quarter.

NGM also continued to update the geological and metal models based on 2018 drill data, including additional data from 45 core holes drilled in 2018 to develop the mineral resource, upgrade the geology understanding and advance metallurgy. Mine planning is in progress, based on an updated block model with completion expected in Q4, along with ongoing metallurgical work for mill and leach mineralized material which is anticipated to be completed in 2020.

The Company's primary asset is a sliding scale net smelter returns production royalty on Nevada Gold Mines' Robertson Property in Nevada. The Company also holds a portfolio of strategically-located exploration projects near Nevada Gold Mine's Pipeline/Cortez Mine Complex on Nevada's Battle Mountain/Cortez Trend. Coral remains debt free with a strong balance sheet. Our overall objective is to generate long-term wealth for shareholders.