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

Coral Gold Resources Ltd.

November 11, 2010 08:00 ET

Coral Drills 5 ft of 7.637 g/t Au at Robertson, Nevada

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 11, 2010) - Coral Gold Resources Ltd. (TSX VENTURE:CLH)(OTCBB:CLHRF)(BERLIN:GV8)(FRANKFURT:GV8) is pleased to announce results from a further three diamond core holes drilled at Corals Robertson property in Crescent Valley Nevada.

These holes are part of a 15 hole diamond core program which Coral started September 16.

The holes, CC10-4 to CC10-6 are vertical and range from 400 to 600 feet in depth (122 to 183 metres) and focus on the Altenburg Hill zone. The drill program is currently on the 12th hole. 

The program is designed to twin 2008 RC holes in order to provide material for metallurgical test work. This will consist of column leach tests by McLelland Labs in Reno, Nevada.

All samples were collected by Robert McCusker, a qualified person as defined by N143-101 and were fire assayed by ALS Minerals Labs using an AA finish.

Results of the three holes compared to the twinned RC holes are as follows:

Hole ID From (ft) To (ft) Thickness (ft) Au oz/t Au g/t
CC10-4 0 40 40 0.024 0.82
  60 170 110 0.022 0.75
  300 320 20 0.012 0.41
  365 380 15 0.044 1.51
CR08-30 5 165 160 0.023 0.79
  280 345 65 0.012 0.41
  365 385 20 0.024 0.82
  405 425 20 0.030 1.03
CC10-5 45 150 105 0.029 0.993
(includes) 65 70 5 0.223 7.637
  290 300 10 0.046 1.575
  325 340 15 0.017 0.569
CR08-29 60 140 80 0.023 0.788
  435 450 15 0.034 1.184
CC10-6 0 35 35 0.011 0.377
  60 145 85 0.019 0.651
  175 320 145 0.021 0.720
CR08-27 0 15 15 0.013 0.446
  50 125 75 0.018 0.617
  200 265 65 0.021 0.720
  370 385 15 0.047 1.611

Coral Gold, incorporated in 1981 continues to explore and develop a series of strategic claims along the Cortez Gold trend known as the Robertson Project. Coral has an inferred gold resource of 3.4 million ounces. The company notes that gold assays from drilling completed in 2008 and 2010 are not included in the current 3.4-million-ounce gold-inferred resource. This data is being input into a new resource estimate. All the latest drilling and new metallurgical work will be used in a new NI 43-101-compliant independent Preliminary Economic Assessment. A PEA is designed to illustrate the project viability in the current cost environment.

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, President & Chief Executive Officer

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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