Coral Gold Announces Private Placement

Coral Gold Resources Ltd. (TSX
VENTURE:CLH)(OTCBB:CLHRF)(BERLIN:GV8)(FRANKFURT:GV8) (the "Company") announces
that it proposes to raise up to $750,000 by way of non-brokered private
placement (the "Offering"). The Company will place up to 5,000,000 units (the
"Units") at a price of $0.15 per unit. Each unit will consist of one common
share and one common share purchase warrant (the "Warrants") exercisable at a
price of $0.20 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 Company may, in accordance with applicable securities legislation and TSX
Venture Exchange policy, pay a finder's fee in connection with the Offering.
Proceeds arising from the sale of the Units will be used for general working
capital purposes.


The Company is also pleased to report that it has submitted the final
comprehensive Environmental Assessment on the Robertson Property to the Bureau
of Land Management ("BLM") in April 2013. SRK Consulting (US) Inc. has
subsequently submitted a new Amendment to the Exploration Plan of Operations and
Reclamation Permit Application to the BLM. The Company awaits acceptance of this
document in order to proceed with the 30-day public input process.


ON BEHALF OF THE BOARD

David Wolfin, President & CEO

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