Coral Gold Resources Ltd.
BERLIN : GV8
FRANKFURT : GV8
TSX VENTURE : CLH
OTC Bulletin Board : CLHRF

Coral Gold Resources Ltd.

July 07, 2010 14:37 ET

Coral Drills 5 ft of 0.4891 oz/t Gold at Robertson Property, Crescent Valley, Nevada

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 7, 2010) - Coral Gold Resources Ltd. (TSX VENTURE:CLH)(OTCBB:CLHRF)(BERLIN:GV8)(FRANKFURT:GV8) (the "Company") is pleased to announce initial gold results from its recent RC drill program on the Triplet Gulch zone at Coral's Robertson property, Nevada, USA.

The program consisted of 12 vertical 600 ft depth reverse circulation holes at 500 ft spacing. Hole locations can be viewed on Coral's website www.coralgold.com. The program started 1 June and was completed 22 June.

Coral has received gold assay results from holes CR10-1 through CR10-9. Intersections over cut off grade of 350 ppb (0.0103 oz/ton) are as follows:

Hole Depth from to ft Au (ppb) Au (oz/ton)
CR10-1 0 – 10 788 0.0234
  130 – 135 440 0.0128
  155 – 160 383 0.0112
  195 – 220 388 0.0113
  225 – 260 389 0.0114
  280 – 295 487 0.0142
  460 – 480 579 0.0169
  555 – 560 508 0.0148
  585 – 600 351 0.0103
       
CR10-2 135 – 140 789 0.0230
  215 – 245 1,180 0.0337
(includes 235 – 240 4,630 0.135)
  320 – 340 710 0.0171
  360 – 370 1505 0.0437
  460 – 465 1020 0.0298
  510 – 520 656 0.0195
  580 – 585 492 0.0143
       
CR10-3 20 – 25 733 0.0214
  285 – 295 1,117 0.0325
  350 – 360 624 0.0182
  490 – 495 350 0.0102
  515 – 535 1,385 0.0404
  585 – 595 555 0.0162
       
CR10-4 10 – 15 1,430 0.0417
  320 – 330 745 0.0217
  500 – 505 417 0.0122
  580 – 600 881 0.0258
       
CR10-5 105 – 110 970 0.0283
  125 – 135 548 0.0160
  310 – 325 631 0.0184
  350 – 355 534 0.0156
  390 – 395 483 0.0141
  430 – 440 591 0.0114
  480 – 485 713 0.0208
  500 – 515 444 0.0129
  585 – 595 872 0.0254
       
CR10-6 320 – 325 433 0.0126
  335 – 340 406 0.0118
       
CR10-7 80 – 100 3,988 0.1164
(includes 95 – 100 14,300 0.418)
  390 – 405 575 0.0168
  570 – 575 422 0.0123
       
CR10-8 60 – 65 1,585 0.0463
  75 – 80 479 0.0140
  185 - 210 1,552 0.0484
  365 – 380 666 0.0195
  515 – 550 564 0.0164
  560 – 565 376 0.0110
       
CR10-9 75 – 85 8,817 0.2575
(includes 75 – 80 16,750 0.4891)
  180 – 185 539 0.0157
  385 – 390 557 0.0162

The program was supervised and all samples were collected by Robert McCusker, qualified person for NI43-101 and were fire assayed by ALS Chemex Labs using an AA finish.

For more information on the Robertson Property and Coral Gold's other Nevada projects, visit the Company's website at www.coralgold.com.

ON BEHALF OF THE BOARD

"David Wolfin"
___________________________________
David Wolfin
President

This release contains statements that are forward-looking statements and are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in the Company's periodic filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not assume the obligation to update any forward-looking statement.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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