Coral Gold Resources Ltd.
OTC Bulletin Board : CGREF

Coral Gold Resources Ltd.

May 30, 2006 09:00 ET

Coral Gold Resources Ltd. Announces Drill Results

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 30, 2006) - Coral Gold Resources Ltd. (TSX VENTURE:CGR)(OTCBB:CGREF)(BERLIN:GV8)(FWB:GV8) has received assay results from the first four holes drilled this year at its Robertson property in the Battle Mountain - Cortez - Eureka gold belt of north-eastern Nevada USA. The drill program is being directed by Robert McCusker, a qualified person under N.I. 43-101. Principal gold intersections from the holes were as follows: (note CR 06-01 has not yet been drilled)

From To Thickness Assay
CR 06-02 (ft.) (ft.) (ft.) (Au, oz/t.)

75 105 30 0.028
550 595 45 0.185
Including (550 585) 30 0.256

From To Thickness Assay
CR 06-03 (ft.) (ft.) (ft.) (Au, oz/t.)

420 435 15 0.034
605 655 50 0.079
Including (625 650) 25 0.131

All four holes were drilled within the 39A/Gold Pan Zone.

From To Thickness Assay
CR 06-04 (ft.) (ft.) (ft.) (Au, oz/t.)

490 675 185 0.053
Including (560 620) 60 0.092

From To Thickness Assay
CR 06-05 (ft.) (ft.) (ft.) (Au, oz/t.)

630 665 35 0.027
680 755 75 0.102
Including (705 755) 50 0.129

CR 06-02 and CR 06-03 offset previous intercepts in holes AT-65 and AT-66, which intersected 105 ft/0.036 from 480 ft and 50 ft/0.069 oz Au/t from 545 ft, respectively. CR 06-02 was collared 125 ft northeast of AT-65 and 105 ft southeast of AT-66 and CR 06-03 was collared 142 ft east of AT-66.

CR 06-04 and CR 06-05 were designed to fill in wide gaps between existing drill holes. CR 06-04 was drilled between AT-57, which cut 265 ft averaging 0.081 oz Au/t and AT-66, which cut 55 ft averaging 0.067 oz Au/t. Similarly, CR 06-05 filled an important gap between AT-40, which returned 125 ft averaging 0.080 oz Au/t, and AT-50, which returned 30 ft averaging 0.027 oz Au/t.

Hole CR 06-04 is located 100 ft east of AT-57 and 100 ft north of At-66. CR 06-05 is located 100 ft southeast of AT-44 and 105 ft southwest of AT-40.

The four RC drill holes were all vertical and reported intercepts represent true thickness. Assays were done by ALS Chemex, a certified assay laboratory. The drilling contractor is Lang Exploratory Drilling of Elko, NV, a Division of Boart-Longyear.

The drilling program continues. Further assays will be released when received. This release prepared was by Chris Sampson, P. Eng., Director and V.P. Exploration of Coral Gold a qualified person under N.I. 43-101.

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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