Coral Gold Resources Announces $1.5 Million Program for Robertson Project

Coral Gold Resources Ltd. (the "Company") (TSX
VENTURE:CLH)(OTCBB:CLHRF)(BERLIN:BV8)(FRANKFURT:GV8) is pleased to announce that
it has approved the 2010 Work Plan and Budget for the Company's Robertson gold
project at Crescent Valley, Nevada. The US$1.5 million program, aimed at
advancing Robertson towards a Preliminary Economic Assessment Report and
production, will focus on upgrading near-surface oxide resources in the Gold
Pan, Altenburg Hill and Porphyry Deposits to the measured and indicated
categories. All three deposits are located within the property's 100%-owned Core
Claims area. Permit applications are underway, and the company expects to begin
drilling in the second quarter.


The program will consist of three stages:



1.  Reverse circulation drilling (22 holes - 3,962m/13,000') to fill in gaps
    between the Porphyry and Altenburg Hill zones and also redefine the
    high-grade areas at Triplet Gulch; 
2.  HQ diameter core drilling (30 holes - 3,657m/12,000') to establish
    grade, specific gravity (density); 
3.  Metallurgical testwork to establish leachability for a heap leach mining
    operation. 



With minimal overburden (0 to 10 metres), the Gold Pan, Altenburg Hill and
Porphyry deposits would be mineable by open pit operations with low strip
ratios. Leach tests were completed on the Porphyry Zone in the past and
indicated favourable recoveries in the oxide material.


Project and Near-Surface Resources

On October 9, 2009, Coral Gold announced that Beacon Hill Consultants had
recalculated the Robertson Inferred resource, using a gold price of US$850 per
ounce and 0.0106 Au Opt (0.363 g/t cut-off), of 178,924,188 tons grading 0.0189
oz Au/ton (0.648 g/t), equating to 3,381,667 ounces. Within this overall
resource, the near-surface inferred resource that will be targeted in this
program totals 87,018,749 tons grading 0.017 oz Au/ton (0.583 g/t), or a total
of 1,505,789 ounces.


Beacon Hill, using a database of 1,160 drill holes, 533,453 feet (162,638 m) of
drilling and 101,757 gold assays, calculated the original resource (February
2008) using a gold price of $600 per ounce. Coral Gold's management and Beacon
Hill believed the $850 per ounce figure represented a more realistic assessment
based on the rolling average gold price for the preceding three years.


Focused On Moving Towards Production

With the price of gold holding above $1,000, the company is focused on moving
the project towards production rather than exploration. "We looked at the option
of continuing to expand resources, as we've done over the past several years,"
said Coral's President and CEO David Wolfin. "However, we believe the greater
value now lies in upgrading resources and laying the groundwork for a heap
leaching operation."


Previous Feasibility Studies by Amax Gold/MDRI (now AMEC)

Wolfin also noted that feasibility studies conducted by Amax Gold/MDRI (now
AMEC) at Robertson in 1994, when gold was under $400 per ounce, are greatly
assisting Coral's work today. "Their bottle roll and column leach tests in the
Porphyry Zone demonstrated the mineralized material was amenable to heap
leaching with improved gold recoveries at a finer crush size," said Wolfin. "We
have a lot of valuable data from their work, and it is saving us a significant
amount of money with our present studies."


Located on Nevada's Battle Mountain-Cortez Gold Trend in north-central Nevada,
Robertson is Coral Gold's primary asset. Robertson directly adjoins Barrick's
large Pipeline Gold Mine complex. Infrastructure is in place, power lines run
through the claims, paved roads adjacent to the property and ample skilled
labour is available in the area.


For more information on the Robertson Property and Coral Gold's other Nevada
projects, visit the company's website at www.coralgold.com.


ON BEHALF OF THE BOARD

David Wolfin, President 

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.