Coral Gold Announces Amendment to and Close of Private Placement

Coral Gold Resources Ltd. (the "Company") (TSX
VENTURE:CLH)(OTCBB:CLHRF)(BERLIN:GV8)(FRANKFURT:GV8) announces that the
non-brokered private placement (the "Offering") announced on May 30, 2013 has
been re-priced to $0.10 per Unit, and that it has raised aggregate proceeds of
$369,450 through the sale of 3,694,500 Units. Each Unit consists of one common
share and one common share purchase warrant (the "Warrants") exercisable at a
price of $0.15 per warrant for a period of 24 months. In the event that, after
four months and one day after the closing of the Offering, the volume weighted
average trading price of the Company's common shares on the TSX Venture
Exchange, exceeds C$0.30 for a period of 15 consecutive trading days, the
Company may, after such event, provide notice to the warrant holders of early
expiry and thereafter, the Warrants will expire on the date which is 30 days
after the date of notice to warrant holders.


The proceeds of the offering will be used for general working capital purposes.
The Company has agreed to pay finders' fees relating to a portion of the
Offering in accordance with TSX Venture Exchange policy. Securities issued
pursuant to this offering will be subject to a four month regulatory hold period
commencing from the date of closing. The Offering is subject to TSX Venture
Exchange acceptance of requisite regulatory filings. All securities issued
pursuant to the private placement will be subject to a hold period of four
months and one day from the closing date.


ON BEHALF OF THE BOARD

David Wolfin, President & CEO

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 & CEO
604.682.3701
604.682.3600 (FAX)
[e-mail]
www.coralgold.com