Coral Gold Resources Ltd.
OTC Bulletin Board : CGREF

Coral Gold Resources Ltd.

May 19, 2006 12:44 ET

Coral Gold Resources Ltd.: Agnico-Eagle Commences Drilling

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 19, 2006) - Coral Gold Resources Ltd. ("Coral") (TSX VENTURE:CGR)(OTCBB:CGREF)(BERLIN:GV8)(FWB:GV8) reports that Agnico-Eagle (USA) Limited ("Agnico") mobilized a reverse circulation drill supplied by Lang Exploratory Drilling of Elko, Nevada to the Norma Sass property on May 15, 2006. Drilling has commenced on the Lander Ranch target area and Agnico plans to drill 15,000 ft. in 12 to 15 holes on the Norma Sass and related properties. Agnico is prepared to extend the program if favorable results are obtained.

In January 2005, Coral granted Agnico an earn-in option on the Norma Sass, Blue Nugget and Lander Ranch properties. Coral holds a 2/3rd interest and Levon Resources Ltd. holds a 1/3rd interest in the Norma Sass Property. Coral holds a 100% interest in the Lander Ranch and Blue Nugget properties.

On behalf of the Board of Directors

of Coral Gold Resources Ltd.

Louis Wolfin, Director

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

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