Coral Gold Resources Ltd.
TSX VENTURE : CGR
OTC Bulletin Board : CGREF
BERLIN : GV8
FRANKFURT : GV8

Coral Gold Resources Ltd.

December 13, 2006 16:19 ET

Coral Completes Phase II Drilling at Robertson

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 13, 2006) - Coral Gold Resources (TSX VENTURE:CGR)(OTCBB:CGREF)(BERLIN:GV8)(FWB:GV8) President Louis Wolfin reported today the company has completed Phase II drilling at its Robertson Property on the Cortez Gold Trend, Lander County, Nevada. The Phase I and Phase II programs in 2006 totaled 35,615 ft of reverse circulation (RC) drilling in 46 holes. Depths ranged from 450 ft to 1,500 ft. Due to the relatively flat-lying nature of mineralization at Robertson, all holes were drilled vertically.

Our primary objective in 2006 was to expand the Robertson's current resource and move more of the inferred resource into the measured and indicated categories. Based on the results to date, we believe both objectives have been met. Updated resource figures will be announced as soon as calculations are complete.

To view a map of the areas drilled on the Robertson Property in 2006, please go to: www.coralgold.com/RobertsonPhaseIIDrilling.pdf

Coral Gold's objectives for Phase II were:

1. Distal Zone: Offset existing mineralized drill intersections in the inferred mineral resource (estimated at 1.0 million short tons averaging 0.178 using a 0.05 oz Au/t cutoff grade).

2. 39A Zone: Test the northern and western extent of the indicated mineral resource (estimated to be 10.2 million short tons averaging 0.044 oz Au/t at a 0.015 oz Au/t cutoff grade).

3. Porphyry Zone: Test the potential northeast extension of the Porphyry Zone.

4. Altenburg Hill/Porphyry Zone: Test the northeast flank of the Altenburg Hill and southwest end of the Porphyry Zone mineral resources for extensions of near-surface oxide mineralization.

Distal Zone

The Distal Target remains open for further expansion to the north, south and west. Mineralization in the Distal Target is now defined by 10 RC holes. Based on this drilling, the zone appears to be a north-south to NNW-trending, flat-lying tabular zone consisting of at least two distinct sub-zones, which together range from 75 to 150 feet thick. Drilling also provides additional support for continuity of grade and thickness of mineralization between holes at a drill spacing of approximately 200 feet.



Distal Target Assay Results

Hole Gold,
Hole No. Depth(ft) From(ft) To(ft) Thickness(ft) oz/ton

CR06-16 1,200 955 965 10 0.155(1)
990 1,055 65 0.085(1)
990 1,035 55 0.097(2)
including 1,005 1,035 30 0.115

CR06-17 1,245 950 975 25 0.065(1)
including 950 960 10 0.118(2)
1,010 1,060 50 0.035(1)

CR06-18 1,200 890 965 75 0.107(1)
890 955 65 0.120(2)
including 890 930 40 0.145
980 1,045 65 0.081(1)
1,010 1,045 35 0.168(2)
including 1,030 1,045 15 0.183

CR06-19 1,185 No Significant Values

CR06-20 1,500 705 725 20 0.014
735 745 10 0.048
895 905 10 0.016
995 1,040 45 0.052(1)
995 1,025 30 0.065(2)
1,065 1,095 30 0.118(1)
1,070 1,090 20 0.163(2)
including 1,070 1,085 15 0.196

(1) Grade and thickness calculated using a 0.02 oz Au/t cutoff grade.
(2) Grade and thickness calculated using a 0.05 oz Au/t cutoff grade.


North 39A Zone

Previous drilling at the north end of the 39A Zone included hole CR05-8, which intersected 120 ft averaging 0.05 oz Au/t from 785 ft, at a 0.01 cutoff grade including 20 ft that averaged 0.181 oz Au/t from 785 ft. This intercept suggested potential for expansion to the north. Holes CR06-22 and -24 were step-out holes from CR05-8 of 500 ft to the north-northeast and 400 ft to the east-northeast, respectively. Both holes returned only scattered narrow intervals of low to moderate gold values. CR06-26 was collared 210 ft east of CR05-8 and encountered 120 ft that averaged 0.065 oz Au/t from 785 ft., including 75 ft averaging 0.107 oz Au/t starting at 825 ft. This hole encountered strong retrograde alteration starting at 740 ft that continued to 850 ft. CR06-27 and -28 are located 200 ft northeast and north of CR05-8, respectively. Both holes also encountered strong retrograde alteration, but cut only scattered narrow zones containing low to moderate gold values. These holes, together with CR06-22, -24 and -25, have effectively limited the potential to significantly expand the resource to the north and northeast. However, the zone remains open toward existing hole AT-1, located 500 ft to the southeast.

Drilling along the northwest edge of the 39A zone was intended to test for a possible southwest extension of the north 39A Zone. Two holes, CR06-21 and -23 were collared 400 ft and 200 ft west of CR06-13, respectively. Neither hole encountered 39A Zone mineralization, indicating that the zone appears to stops abruptly along the northwest.



North 39A Zone Assay Results(1)

Hole Gold,
Hole No. Depth(ft) From(ft) To(ft) Thickness(ft) oz/ton

CR06-21 1,000 30 40 10 0.011
195 200 5 0.145
255 265 10 0.018
290 320 30 0.025
400 470 70 0.024

CR06-22 1,200 250 260 10 0.019
425 440 15 0.055
480 490 10 0.046
620 630 10 0.035
675 695 20 0.014
735 765 30 0.025
810 825 15 0.017
930 950 20 0.057
965 970 5 0.140

CR06-23 1,000 10 20 10 0.033
170 185 15 0.018
220 230 10 0.010
255 280 25 0.019
320 335 15 0.021
400 425 25 0.067
including 420 425 5 0.203

CR06-24 1,200 280 345 60 0.031
360 390 30 0.027
415 445 30 0.014
495 500 5 0.175
740 755 15 0.021
770 785 15 0.013
880 920 40 0.055
including 890 895 5 0.252
965 975 10 0.016
990 1,005 15 0.016
1,035 1,045 10 0.013
1,065 1,080 20 0.050
1,105 1,200 95 0.019

CR06-25 1,000 100 110 10 0.019
345 370 25 0.028
395 415 20 0.024
535 545 10 0.151
including 535 540 5 0.287
575 585 10 0.077
620 650 30 0.016
725 735 10 0.029
775 800 25 0.017
965 980 15 0.191
including 975 980 5 0.527

CR06-26 1,200 345 370 25 0.026
475 490 15 0.027
785 905 120 0.065
including 825 900 75 0.107

CR06-27 245 270 25 0.017
325 330 5 0.187
365 380 15 0.016
435 450 15 0.055
including 435 440 5 0.141
575 610 35 0.013
840 875 35 0.022
995 1,070 75 0.017

CR06-28 315 355 40 0.039
including 320 325 5 0.201
465 495 30 0.025
510 585 75 0.019
965 990 25 0.038

(1) Grade and thickness calculated using a 0.01 oz Au/t cutoff grade.


Altenburg Hill/Porphyry Zone Extension

A total of 13 RC holes, CR06-29 through CR06-41, have been completed in the area between the south end of the defined Porphyry Zone measured + indicated mineral resource and the northeast flank of Altenburg Hill. Assay results for these holes are pending. Previous grid drilling by Amax on Altenburg Hill in 1996, defined a low-grade inferred mineral resource estimated to contain 3.5 million short tons that averaged 0.018 oz Au/t, which appears to extend beyond the existing drill grid on the northeast flank of Altenburg Hill. In addition, no drilling had been undertaken in the alluvial covered area between the two resources, a distance of 1,500 ft. In most holes, surficial oxidation reaches at least 500-ft-deep.

NE Extension of the Porphyry Zone

Six holes were drilled in the Porphyry Zone measured + indicated mineral resource to test the potential for expansion the northeast. Assays results for all of the holes are pending. Previous drilling in this area by Amax Gold (hole AT-261) identified a northeast striking structural zone that included 55 ft averaging 0.025 oz Au/t from 180 ft, followed by 25 ft averaging 0.094 oz Au/t from 430 ft, including 10 ft averaging 0.180 oz Au/t at 445 ft. No offset drilling has been conducted in this area.

Drilling and Analytical

The drilling contractor for both Phase I and Phase II drilling was Lang Exploratory Drilling of Elko, NV, a subsidiary of Boart Longyear, Inc. and a highly experienced drilling company specializing in reverse circulation drilling. All holes exceeding a depth of 500 ft had down-the-hole gyroscopic directional surveys completed by International Directional Services of Elko, NV, which measure both horizontal and vertical deflection in the drill holes. Drill hole collars were surveyed by a professional land surveyor licensed by the State of Nevada and employed by Desert Mountain Surveying of Winnemucca, NV. The surveyed collars were tied to the existing local survey grid.

Coral employed ALS Chemex as its primary assay lab, with sample prep facilities in Elko and Winnemucca, NV, and with analytical laboratories in Reno NV (USA) and Vancouver, B.C., Canada. Both ALS Chemex labs are QMI registered to ISO 9001-2000 and the Vancouver lab is accredited by the Standards Council of Canada based on ISO 17025. The sample preparation protocol and analytical procedures employed by ALS Chemex meet current industry standard practices.

Coral employed a QA/QC program which included submitting "blind" coarse blank (less than 0.005 ppm Au), and very low-grade (0.005 ppm to 0.025 ppm Au) material, rig duplicates and certified reference material (50 gram pulps) into the sample stream. All reference materials, except the 50 gram pulps, were pre-numbered in sequence with the drill samples and submitted blind to the labs without unique identifiers. The sample security measures and QA/QC program employed by Coral on this project meet current industry standard practices.

Drilling operations during Phase 1 and Phase 2 drilling were directly supervised by R. T. McCusker, a Qualified Person pursuant to NI 43-101.

On Behalf of the Board

Louis Wolfin, President
coralgold.com

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

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