Coral Gold Resources Ltd. : Corporate Communications Agreement, Stock Options, Shares for Debt

Coral Gold Resources Ltd. (TSX
VENTURE:CLH)(OTCBB:CLHRF)(BERLIN:GV8)(FRANKFURT:GV8) ("Coral" or the "Company")
announces that it has entered into an agreement with Nancy Massicotte to provide
Corporate Communications services. Ms. Massicotte will be responsible for
communicating with the investment community, including liaising with the
Company's shareholders and prospective shareholders. 


In consideration for the services rendered, the Company has granted Ms.
Massicotte stock options for the purchase of 50,000 shares at a price of $0.24
per share exercisable on or before March 14, 2015. The options are subject to a
stock option plan.


The Company deals with Ms. Massicotte on an arm's length basis. 

Grant of Stock Options

Coral also announces that it has granted incentive stock options for the
purchase of up to 1,420,000 shares at a price of $0.24 per share exercisable on
or before March 14, 2019 to directors, officers, consultants, and employees of
the Company.


Shares for Debt

Coral also wishes to announce that it has negotiated a share for debt settlement
with several of its creditors. The Company will issue approximately 879,879
shares in settlement of $215,491 of debt. 


The transaction is subject to TSX Venture Exchange approval.

"The Company is now nearly debt free and excited for Barrick to commence
drilling on the Gold Ridge Property".




    - David Wolfin, President, CEO & Director, Coral Cold 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