Coral Gold Resources Ltd.
TSX VENTURE : CLH
OTCBB : CLHRF
BERLIN : GV8
FRANKFURT : GV8

Coral Gold Resources Ltd.

July 22, 2016 19:08 ET

Coral Reports Voting Results of Annual General and Special Meeting

VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 22, 2016) - Coral Gold Resources Ltd. (TSX VENTURE:CLH)(OTCBB:CLHRF)(BERLIN:GV8)(FRANKFURT:GV8) ("Coral" or the "Company") is pleased to report the following voting results in accordance with Section 11.3 of NI 51-102 Continuous Disclosure Obligations. This report briefly describes the matters voted upon and the outcome of the votes at the Annual General and Special Meeting of Shareholders of the Company held on July 22, 2016:

  1. Setting the Number of Directors at Five

According to proxies received and a vote conducted by a show of hands, the resolution regarding the setting of the number of Directors at five was passed as follows:

Votes For % For Votes Against % Against
27,933,140 99.31 194,680 0.69
  1. Election of Directors

According to proxies received and a vote conducted by a show of hands, the following directors were elected to the board of directors of the Company as follows:

Director Nominee Votes For % For Votes Withheld % Withheld
Ronald Andrews 23,275,901 99.84 37,531 0.16
Gary Robertson 23,279,652 99.86 33,780 0.14
Chris Sampson 23,256,606 99.76 56,826 0.24
David Wolfin 23,264,195 99.79 49,237 0.21
Andrew Kaplan 23,271,462 99.82 41,970 0.18
  1. Appointment and Remuneration of Auditors

According to proxies received and a vote conducted by a show of hands, the resolution regarding the appointment of Manning Elliott LLP as the Company's auditors and authorization of directors to fix their remuneration was passed as follows:

Votes For % For Votes Against % Against
27,879,821 99.12 247,999 0.88
  1. Approval of 10% Rolling Stock Option Plan

According to proxies received and votes conducted by a show of hands, the ordinary resolution of disinterested shareholders regarding the approval of the Rolling Stock Option Plan was passed by a majority of shareholders as follows.

Votes For % For Votes Against % Against
16,741,564* 95.65 762,218 4.35

*Excluding 5,809,650 shares held by Insiders

  1. Approval of the Sale of the Robertson Properties

According to proxies received and votes conducted by a show of hands, the special resolution regarding the approval of the sale of Robertson Properties was passed by a special majority of shareholders, as follows.

Votes For % For Votes Against % Against
23,231,230 99.65 % 82,202 0.35

The closing of the above transaction remains subject to the satisfaction of the outstanding closing conditions.

The Board of Directors appreciates the support of our shareholders.

About Coral

Coral Gold Resources has a portfolio of strategically-located claim blocks along the Cortez gold trend in north-central Nevada, including the flagship Robertson Property proposed for sale to Barrick Cortez Inc.

ON BEHALF OF THE BOARD

David Wolfin, President & Chief Executive Officer, Coral Gold Resources Ltd.

Neither the 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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