Positive Preliminary Economic Assessment Robertson Gold Project  

VANCOUVER - Coral Gold Resources Ltd. commissioned Beacon Hill Consultants to complete a Preliminary Economic Assessment (PEA) that would meet the NI 43-101 standard on three of its gold deposits located on the Robertson Property located 60 miles south west of Elko, Nevad.

In completing the study Beacon Hill used the services of Knight Piesold Ltd., SRK Consulting Inc., Kaehne Consulting Ltd., Kirkham Geosystems Ltd., R. McCusker, P.Geo., and F. Wright Consulting Inc. There are a number of deposits located on the Robertson property; however, Altenburg Hill, Porphyry and Gold Pan are advanced development zones and are the subject of this PEA and based upon a combination of open pit mining methods and cyanide heap leach.

David Wolfin, President and CEO said, "The Robertson PEA study has defined a plan for further development of the project. The Base Case gives a reasonable positive return on the project while sensitivities at higher gold prices provides for a very attractive scenario. Coral's management will be working hard over the next few years to expand resources, increase leach recovery and reduce the development schedule. All these are expected to further increase project viability."

The Environmental Assessment process has been advancing over the past year and we expect to submit the overall report in June 2012.