Coral Gets Green Light from US Bureau of Land Management

Coral Gold Resources Ltd. (TSX
VENTURE:CLH)(OTCBB:CLHRF)(BERLIN:GV8)(FRANKFURT:GV8) (the "Company") is pleased
to announce that its US subsidiary Coral Resources Inc. has received a notice
from the US Bureau of Land Management ("BLM") which includes the Decision on the
Robertson Project Amendment to the Exploration Plan of Operations ("A-EPO") and
Reclamation Permit Application and also the Finding of No Significant Impact
("FONSI")


The decision includes conditions of approval which are very straight forward. It
means that after posting, an increased reclamation bond and compliance with the
Nevada Division of Environmental Protection ("NDEP") Bureau of Mining Regulation
and Reclamation (BMRR) Coral can proceed with the programs of drilling and test
pit mining that were recommended in the January 2012 Preliminary Economic
Assessment
(http://www.coralgold.com/i/pdf/Robertson-PEA-43-101-Jan15-2012small.pdf) on the
Robertson Property.


Background

In April 2010, SRK Consulting (US) Inc. ("SRK Consulting" or "SRK"), our
environmental compliance and permitting consultants, submitted an A-EPO to the
BLM and the NDEP to allow us to carry out our work plan. A setback occurred when
the BLM declined our drilling permit application because it deemed our existing
Environmental Assessment ("EA") was out of date. In June 2010, we withdrew our
original A-EPO when the BLM determined that a new EA of the Robertson property
would be required. We immediately commissioned SRK Consulting to commence work
on the new EA which was to include third party studies on archeological, air
quality, water, rodents, migratory species, raptors, reptiles, vegetation,
insects and endangered species, as well as addressing a number of other
environmental issues. As Coral anticipated, the work did not locate native
religious sites or burial grounds, endangered species, etc. On September 24th,
2012, Coral announced that SRK had completed and submitted the EA to the BLM.
After BLM review, comment period, and several amendments SRK finalized the EA
and re-filed it in June 2013 which then went out for public comment which
resulted in no significant challenges.


Compliance with the EA process was mandatory and has virtually prohibited
exploration and development on the Robertson Property since 2010.


"We are extremely relieved that this process is now behind us and we are now
able to move forward towards prefeasibility. We would like to thank all of our
loyal shareholders for supporting us during this very challenging time and look
forward to much better times ahead."


- David Wolfin, President, CEO & Director, Coral Gold Resources Ltd.

ON BEHALF OF THE BOARD

David Wolfin, President & Chief Executive Officer 

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. 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Coral Gold Resources Ltd.
David Wolfin
President & Chief Executive Officer
604.682.3701
604.682.3600 (FAX)
[e-mail]
www.coralgold.com