Coral Starts Diamond Drilling at Robertson, Nevada

   Coral Gold Resources Ltd. (TSX VENTURE: CLH)(OTCBB: CLHRF)(BERLIN: GV8)(FRANKFURT: GV8) is pleased to announce that it commenced drilling 15 HQ diameter vertical diamond core drill holes at its Robertson property in Crescent Valley, Nevada on Thursday September 16th.

The holes will range from 400 to 600 feet in depth, the program will total 6,700 feet and will focus on the Gold Pan and Altenburg Hill Zones. This represents the first phase of the core drilling program announced in Coral's February 2 , 2010 News Release. Drilling by Coral's contractor Major Drilling should take six to eight weeks to complete.

At the Triplet Gulch zone, Coral previously announced initial results of 9 holes of this year's RC drilling program of 12 vertical holes (See News Release dated July 07, 2010).

Coral has now received gold assay results from holes CR 10-10 through CR 10-12 and results from the deepened holes CR 10-7 and CR 10-8. Intersections over cut off grade 0.010 oz/ton (0.34 g/tonne) are as follows:

----------------------------------------------------------------------------
               Total
Hole No.    Depth(ft) From(ft)   To(ft) Thickness(ft)    Au, g/t    Au, oz/t
----------------------------------------------------------------------------
CR10-7         1,000       80       85             5        1.64      0.0476
----------------------------------------------------------------------------
                           95      100             5       14.32       0.418
----------------------------------------------------------------------------
                          380      405            25        0.43      0.0125
----------------------------------------------------------------------------
                          570      575             5        0.42      0.0123
----------------------------------------------------------------------------
                          605      630            25        0.41      0.0119
----------------------------------------------------------------------------
                          705      715            10        1.07      0.0313
----------------------------------------------------------------------------
                          840      845             5         0.5      0.0146
----------------------------------------------------------------------------
                          870      885            15        0.49      0.0142
----------------------------------------------------------------------------
                          940      945             5        1.35      0.0389
----------------------------------------------------------------------------
                          970      975             5        0.70      0.0205
----------------------------------------------------------------------------
                          995    1,000             5        1.77      0.0516
----------------------------------------------------------------------------

----------------------------------------------------------------------------
CR10-8         1,000       60       65             5        1.59      0.0463
----------------------------------------------------------------------------
                           75       80             5        0.48       0.014
----------------------------------------------------------------------------
                          185      210            25        2.31      0.0673
----------------------------------------------------------------------------
                          365      380            15        0.66      0.0195
----------------------------------------------------------------------------
                          525      530             5        0.74      0.0217
----------------------------------------------------------------------------
                          540      550            10        0.94      0.0274
----------------------------------------------------------------------------
                          560      565             5        0.38       0.011
----------------------------------------------------------------------------
                          610      670            60        0.62      0.0182
----------------------------------------------------------------------------
                          735      745            10        0.59      0.0172
----------------------------------------------------------------------------
                          765      770             5        0.57      0.0167
----------------------------------------------------------------------------
                          780      810            30        0.56      0.0164
----------------------------------------------------------------------------
                          855      870            15        0.66      0.0193
----------------------------------------------------------------------------
                          925      930             5        0.52      0.0152
----------------------------------------------------------------------------
                          990      995             5        0.60      0.0174
----------------------------------------------------------------------------

----------------------------------------------------------------------------
CR10-10          600      120      125             5        0.89      0.0259
----------------------------------------------------------------------------

----------------------------------------------------------------------------
CR10-11          600      385      395            10        0.40      0.0118
----------------------------------------------------------------------------

----------------------------------------------------------------------------
CR10-12          600      100      105             5        0.68      0.0197
----------------------------------------------------------------------------
                          500      505             5        0.74      0.0216
----------------------------------------------------------------------------

All Samples were collected by Robert McCusker, a qualified person as defined by NI 43-101 and were fire assayed by ALS Chemex Labs using an AA finish in Elko, Nevada.

The Company notes that gold assays from drilling completed 2008 & 2010 are not included in the current 3.4 million ounce gold inferred resource. This data is being input into a new resource estimate. All drilling and metallurgical work completed by the end of 2010 will be used in a new NI43-101 compliant independent Preliminary Economic Assessment ("PEA"). A PEA is designed to illustrate the projects viability in the current cost environment.

The Company also wishes to announce that it has granted incentive options for the purchase of up to 690,000 common shares at a price of $0.45 per share exercisable on or before September 17, 2015 to Directors, Officers, Employees and Consultants.

Coral Gold, incorporated in 1981 continues to explore and develop a series of strategic claims along the Cortez Gold trend known as the Robertson Project. Through independent exploration and joint venture partnerships with Amax, and Placer Dome, Coral has established an inferred gold resource of 3.4 million ounces.

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 & Chief Executive Officer

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.

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.

Contacts: Coral Gold Resources Ltd. David Wolfin President 604.682.3701 604.682.3600 (FAX) [e-mail] www.coralgold.com