Coral Gold Resources Ltd.: Change of Auditor

Coral Gold Resources Ltd. (TSX
VENTURE:CLH)(OTCBB:CLHRF)(BERLIN:GV8)(FRANKFURT:GV8) (the "Company") announces
that it has changed its auditors from Smythe Ratcliffe, Chartered Accountants
(the "Former Auditors") to Manning Elliott LLP, Chartered Accountants (the
"Successor Auditors") effective March 11, 2013.


At the request of the Company, the Former Auditors resigned as auditors of the
Company effective March 11, 2013. The Board of Directors of the Company on the
recommendation of the Company's Audit Committee has appointed the Successor
Auditors as the Company's auditors in place and stead of the Former Auditors
effective March 11, 2013 until the close of the next annual general meeting of
the Company.


There were no reservations in the Former Auditors' reports for the two most
recently completed fiscal years or for any period subsequent to the most
recently completed period for which an audit report was issued and preceding the
date of the Former Auditors' resignation. There are no reportable events between
the Company and the Former Auditors.


The Notice of Change of Auditors, together with the letter from the Former
Auditors and the letter from the Successor Auditors, has been reviewed by the
Company's Audit Committee and its Board of Directors.


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