SOURCE: Coral Gold Resources Ltd.

July 20, 2006 07:30 ET

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

VANCOUVER, BC -- (MARKET WIRE) -- July 20, 2006 -- 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: CGR) (OTCBB: CGREF) (www.coralgold.com).

Coral is exploring a portfolio of strategically located claim blocks along the Battle Mountain-Eureka gold trend in north-central Nevada. These properties are situated in the active Crescent Valley region, site of the large Cortez (Pipeline) gold mine, operated by Barrick and Kennecott Explorations.

The Robertson property is the focus of Coral, where $20+ million has been spent to date and over 1,100 drillholes totaling 432,000 feet have been completed. Since 2004, Coral has expanded and upgraded its resources. Whereas in 2001 (NI 43-101), indicated resource estimate stood at 583,700 oz Au, the April, 2006 (NI 43-101) figure is now over 1.1 million oz Au, as follows:

                         Million Tons     Grade (opt)    Contained Oz.
Measured / Indicated            22.90          0.031          699,000
Inferred                         9.41          0.046          434,000
Total                                                       1,133,000
Drilling continues to identify new resources and better delineate known resources at Robertson. Part of the planned 40+ hole program in 2006 is to drill 12 core holes to gather metallurgical information to investigate better processing methods for extraction. Lack of data limited the 2006 Preliminary Assessment by restricting alternatives that could be examined.

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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