Coral Gold Resources Ltd. Drills 6m of 3.74 g/t Au at Robertson, Nevada

Vancouver, British Columbia -- (Marketwire) -- 12/08/10 -- Coral Gold Resources Ltd. (TSX VENTURE: CLH) (OTCBB: CLHRF) (BERLIN: GV8) (FRANKFURT: GV8) is pleased to announce encouraging results from a further three diamond core holes drilled at Coral's Robertson property in Crescent Valley, Nevada.

These holes are part of a 15 hole diamond core program which Coral started September 16.

he holes, CC10-7 to CC10-9 are vertical and range from 400 to 600 feet in depth (122 to 183 metres) and focus on the Altenburg Hill zone. The drill program is currently on the 15th and final hole.

The program is designed to twin 2008 RC holes in order to provide material for metallurgical test work. This will consist of column leach tests by McLelland Labs in Reno, Nevada.

All samples were collected by Robert McCusker, a qualified person as defined by NI 43-101 and were fire assayed by ALS Minerals Labs using an AA finish.

Results of the three holes compared to the twinned RC holes are as follows:

---------------------------------------------------------------------------
---------------------------------------------------------------------------
                From         To  Thickness         Au  Thickness         Au
Hole ID          (ft)       (ft)       (ft)      oz/t         (m)       g/t
---------------------------------------------------------------------------
---------------------------------------------------------------------------
CC10-7             5         15         10      0.021        3.0       0.72
---------------------------------------------------------------------------
                  75        155         80      0.040       24.4       1.37
---------------------------------------------------------------------------
Including        130        150         20      0.109        6.1       3.74
---------------------------------------------------------------------------
                 190        195          5      0.031        1.5       1.06
---------------------------------------------------------------------------
                 275        295         20      0.013        6.1       0.45
---------------------------------------------------------------------------
                 325        330          5      0.040        1.5       1.37
---------------------------------------------------------------------------

---------------------------------------------------------------------------
CR08-26           25        155        130      0.020       39.6       0.69
---------------------------------------------------------------------------
                 290        315         25      0.018        7.6       0.62
---------------------------------------------------------------------------

---------------------------------------------------------------------------
---------------------------------------------------------------------------
CC10-8            95        175         80      0.019       24.4       0.65
---------------------------------------------------------------------------
                 230        245         15      0.023        4.6       0.79
---------------------------------------------------------------------------
                 290        305         15      0.021        4.6       0.72
---------------------------------------------------------------------------
                 320        350         30      0.026        9.1       0.89
---------------------------------------------------------------------------
                 390        405         15      0.022        4.6       0.75
---------------------------------------------------------------------------
                 465        470          5      0.035        1.5       1.20
---------------------------------------------------------------------------
                 490        495          5       0.11        1.5       3.77
---------------------------------------------------------------------------

---------------------------------------------------------------------------
CR08-25           60        150         90      0.019       27.4       0.65
---------------------------------------------------------------------------
                 375        415         40      0.013       12.2       0.45
---------------------------------------------------------------------------

---------------------------------------------------------------------------
---------------------------------------------------------------------------
CC10-9            50        145         95      0.014       29.0       0.48
---------------------------------------------------------------------------
                 195        215         20      0.027        6.1       0.93
---------------------------------------------------------------------------
                 270        285         15      0.029        4.6       0.99
---------------------------------------------------------------------------

---------------------------------------------------------------------------
CR08-21            0        100        100      0.019       30.5       0.65
---------------------------------------------------------------------------
                 130        200         70      0.017       21.3       0.58
---------------------------------------------------------------------------
                 270        305         35      0.017       10.7       0.58
---------------------------------------------------------------------------

---------------------------------------------------------------------------
---------------------------------------------------------------------------

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. Coral has an inferred gold resource of 3.4 million ounces. The Company notes that gold assays from drilling completed in 2008 and 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 the latest drilling and new metallurgical work will be used in a new NI 43-101-compliant independent Preliminary Economic Assessment anticipated for mid-2011. A PEA is designed to illustrate the project viability in the current cost environment.

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 & Chief Executive Officer
604.682.3701
604.682.3600 (FAX)
info@coralgold.com
www.coralgold.com