Coral Provides Robertson Project Update

Coral Gold Resources Ltd. ("Coral" or "The Company") (TSX
VENTURE:CLH)(OTCBB:CLHRF)(FRANKFURT:GV8)(BERLIN:GV8) is pleased to announce an
update on progress of the Environmental Assessment report from its Robertson
property in Crescent Valley, Nevada, USA.


Environmental Assessment

Coral's independent environmental consultant, SRK, recently completed and
submitted Coral's Environmental Assessment ("EA") to the Bureau of Land
Management ("BLM"). The overall process started in April 2010 and has cost
approximately US$994,000 to date.


Coral is now awaiting the BLM's response. Should the EA be accepted, Coral will
then submit its application for the new Amendment to the Plan of Operations
("APO") report. In the application for the new APO, Coral will apply for a
blanket permit to allow the Company to drill up to 500 holes. Upon acceptance of
the APO, Coral plans to continue Phase 2 drilling consisting of 60 holes as part
of the forthcoming pre-feasibility study as outlined in Coral's Preliminary
Economic Assessment. (See Jan. 18th, 2012 news release at
www.coralgold.com/s/NewsReleases.asp?ReportID=502401&_Type=News-Releases&_Title=Coral-Gold-Resources-Receives-Positive-Preliminary-Economic-Assessment-For
for details.)


About Coral

Coral, incorporated in 1981, continues to explore and develop the Robertson
Property located along the Battle Mountain Cortez Gold trend in North Central
Nevada. Through independent exploration and previous joint venture partnerships
with Amax and Placer Dome, Coral has established an NI-43-101 inferred gold
resource (2008) of 3.4 million ounces (178,926,188 tons grading 0.0189 oz/t).
Coral is working to increase the level of confidence in the resource by
following the recommendations laid out in the PEA report published in February
2012.


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


ON BEHALF OF THE BOARD

David Wolfin, President & Chief Executive Officer 

Safe Harbour Statement - This news release contains "forward-looking
information" and "forward-looking statements" (together, the "forward-looking
statements") within the meaning of applicable securities laws and the United
States Private Securities Litigation Reform Act of 1995, including our belief as
to the extent and timing of various studies including the PEA, and exploration
results, the potential tonnage, grades and content of deposits, timing and
establishment and extent of resources estimates. These forward-looking
statements are made as of the date of this news release and the dates of
technical reports, as applicable. Readers are cautioned not to place undue
reliance on forward-looking statements, as there can be no assurance that the
future circumstances, outcomes or results anticipated in or implied by such
forward-looking statements will occur or that plans, intentions or expectations
upon which the forward-looking statements are based will occur. While we have
based these forward-looking statements on our expectations about future events
as at the date that such statements were prepared, the statements are not a
guarantee that such future events will occur and are subject to risks,
uncertainties, assumptions and other factors which could cause events or
outcomes to differ materially from those expressed or implied by such
forward-looking statements.


Such factors and assumptions include, among others, the effects of general
economic conditions, the price of gold and silver, changing foreign exchange
rates and actions by government authorities, uncertainties associated with legal
proceedings and negotiations and misjudgments in the course of preparing
forward-looking information. In addition, there are known and unknown risk
factors which could cause our actual results, performance or achievements to
differ materially from any future results, performance or achievements expressed
or implied by the forward-looking statements. Known risk factors include risks
associated with project development; the need for additional financing;
operational risks associated with mining and mineral processing; fluctuations in
metal prices; title matters; uncertainties and risks related to carrying on
business in foreign countries; environmental liability claims and insurance;
reliance on key personnel; the potential for conflicts of interest among certain
of our officers, directors or promoters of with certain other projects; the
absence of dividends; currency fluctuations; competition; dilution; the
volatility of the our common share price and volume; tax consequences to U.S.
investors; and other risks and uncertainties. Although we have attempted to
identify important factors that could cause actual actions, events or results to
differ materially from those described in forward-looking statements, there may
be other factors that cause actions, events or results not to be as anticipated,
estimated or intended. There can be no assurance that forward-looking statements
will prove to be accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly, readers
should not place undue reliance on forward-looking statements. We are under no
obligation to update or alter any forward-looking statements except as required
under applicable securities laws.


Cautionary Note to United States Investors - The information contained herein
and incorporated by reference herein has been prepared in accordance with the
requirements of Canadian securities laws, which differ from the requirements of
United States securities laws. In particular, the term "resource" does not
equate to the term "reserve". The Securities Exchange Commission's (the "SEC")
disclosure standards normally do not permit the inclusion of information
concerning "measured mineral resources", "indicated mineral resources" or
"inferred mineral resources" or other descriptions of the amount of
mineralization in mineral deposits that do not constitute "reserves" by SEC
standards, unless such information is required to be disclosed by the law of the
Company's jurisdiction of incorporation or of a jurisdiction in which its
securities are traded. U.S. investors should also understand that "inferred
mineral resources" have a great amount of uncertainty as to their existence and
great uncertainty as to their economic and legal feasibility. Disclosure of
"contained ounces" is permitted disclosure under Canadian regulations; however,
the SEC normally only permits issuers to report mineralization that does not
constitute "reserves" by SEC standards as in place tonnage and grade without
reference to unit measures.