SOURCE: Coral Gold Resources Ltd.

January 30, 2008 07:30 ET

Howlett Research Corp. Publishes New Research Report on Coral Gold Resources Ltd.

VANCOUVER, BC--(Marketwire - January 30, 2008) - Howlett Research Corp. (www.howlett-research.com), a boutique research firm led by Jeff Howlett, President, announced today that it has recently published a research report on Coral Gold Resources Ltd. ("Coral") (TSX-V: CLH) (OTCBB: CLHRF) (www.coralgold.com).

Coral is exploring a portfolio of strategically located claim blocks along the Battle Mountain-Cortez gold trend in north-central Nevada. Coral's flagship property is the Robertson Property. To date, over $20 million has been spent and the current resource database encompasses over 1,160 drillholes totaling 533,453' in the current resource database. Since 2004, Coral has continued to expand and upgrade resources, from 583,700 oz Au in 2001 (43-101 compliant) to 2.3 million oz Au currently (inferred).

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                                            Grade    Contained
Zone                             Tons    ozAu/ton     oz. gold
--------------------------------------------------------------
Distal                     10,355,041      0.0335      346,893
39A                        25,010,247      0.0287      717,794
Triplet Gulch               5,904,713      0.0269      158,837
Outside                     2,187,500      0.0208       45,500

Gold Pan Oxide              7,049,181      0.0262      184,689
Altenburg Hill Oxide        4,558,402      0.0208       94,815
Porphyry Oxide             19,121,927      0.0213      407,297

Gold Pan Sulphide          12,053,279      0.0208      250,708
Altenburg Hill Sulphide       584,016      0.0176       10,279
Porphyry Sulphide           4,480,533      0.0223       99,916
--------------------------------------------------------------
TOTAL                      91,304,839      0.0250    2,316,728
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Exploration potential continues

A multifaceted program is planned for 2008 that is designed to enhance the resource base and increase the level of confidence in the resource. In addition, Coral plans to conduct additional studies to ascertain the potential viability of the mineralized zones.

The full report can be found at www.howlett-research.com/Research.htm.

About Howlett Research Corp. (HRC)

Based in British Columbia, Canada, HRC has been completing company specific research reports for publicly listed companies for several years in a variety of industry sectors. The reports are developed for quality junior to medium sized companies that lack adequate coverage by the financial community.

HRC has accepted a cash fee of under $10,000 from Coral in preparing the research report, which represents the total consideration due. Howlett Research Corp. has not been involved in, nor does it envision participating in, any transaction or investment banking business related to Coral. Howlett Research Corp. does not own shares of Coral and does not trade in its shares.

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