Coral Gold Resources Ltd.: Encouraging Drill Results-Further Drilling Being Planned.

VANCOUVER, British Columbia -- Coral Gold Resources Ltd. (the "Company") (TSX  VENTURE:CGR)(OTCBB:CGREF)(BERLIN:WKN A0DJ0G)(FWB:WKN A0DJ0G) is pleased to announce results of the Company's latest drilling program at its 100 % owned Robertson Property, located in eastern Lander County, NV. The purpose of the drilling was to expand the 39A Zone indicated mineral resource, test below the Gold Pan resource for deep 39A-type mineralization, and assess the "distal target" area to host possible new mineral resources.

The drilling program began June 15, 2005 and was completed August 10, 2005, and consisted of 12 vertical reverse-circulation drill holes, CR05-1 through CR05-12, totaling 10,540 ft. Depth of the holes ranged from 500-ft- to 1,200-ft-deep. All twelve holes returned ore-grade intervals (using a 0.01 oz Au/t cutoff grade) ranging in thickness from 10 ft to 150 ft. A summary of assay results is presented below in Table 1.

Two holes, CR05-1 and CR05-2, were aimed at assessing the potential westward extension of stratiform 39A-type mineralization in to the so-called "distal target" area, located approximately 1,500 ft northwest of the 39A Zone. Both holes were completed to a depth of 1,200 ft. This mineralized area is currently defined by six widely spaced RC holes covering an area roughly 2,000 ft in a northwesterly  direction by 900 ft in a southwesterly direction. Within this zone, the best results were returned by hole AT-3, which cut 75 ft averaging 0.061 oz Au/t, from 845 ft, followed by 50 ft averaging 0.02 oz Au/t, from 940 ft, and 20 ft averaging 0.082 oz Au/t, from 1,120 ft. Hole CR05-1 was collared 200 ft west of and 50 ft above AT-3 and CR05-2 was collared 200 ft NNW of and 50 ft above AT-3. Beginning at a depth of 945 ft, CR05-1 intersected an 80-ft-thick interval that averaged 0.110 oz Au/t, including 25 ft averaging 0.262 oz Au/t, from 950 ft. Hole CR05-2 encountered a 150-ft-thick zone that averaged 0.059 oz Au/t, including 80 ft averaging 0.085 oz Au/t, from 905 ft. Within the higher grade portion of the intercept was 35 ft averaging 0.128 oz Au/t. Mineralization in both holes, as well as in AT-3, is hosted by retrograde-altered calc-silicate and quartz hornfels strata.

Six holes totaling 4,250 ft were drilled in the immediate vicinity of the current 39A Zone indicated mineral resource. Four of these holes, CR05-3 through CR05-6, were drilled in the southern portion of the zone and two holes, CR05-7 and CR05-8, were completed along the suspected northern projection of 39A mineralization. Two step-out holes, CR05-3 and CR05-8, expanded the zone about 100 ft to the southeast and at least 200 ft to the north, respectively. Hole CR05-3, which offset high-grade intercepts in existing holes 99413 and AT-64 to the east, encountered a 90-ft-thick zone that averaged 0.069 oz Au/t, starting at 375 ft. Within this interval, is a 60-ft-thick zone that averages 0.098 oz Au/t, from 385 ft. Hole CR05-8 was collared along the projected northward trend of the 39A Zone over 400 ft north of previous high-grade intercepts. Starting at 785 ft, the hole returned 75 ft that averaged 0.069 oz Au/t, including 20 ft averaging 0.181 oz Au/t, from 785 ft. Mineralization cut by these holes is hosted by strongly retrograde-altered biotite, calc-silicate and quartz hornfels and remains open for potentially significant expansion both to the southeast and north.

Table 1. Summary of assay results for drill holes CR05-1 through
         CR05-12 using a 0.01 oz Au/t cutoff grade and a 10 ft
         minimum thickness.


            Total
Hole No.    Depth    From(ft)     To(ft)  Thickness(ft)  Gold(oz/ton)

CR05-1      1,200        835        845             10         0.014
                         870        905             35         0.013
                         945      1,025             80         0.110
including                950        975             25         0.262
                       1,080      1,090             10         0.017
                       1,190      1,200(TD)         10         0.016

CR05-2      1,200        555        565             10         0.017
                         580        600             20         0.086
including                585        590              5         0.252
                         850      1,000            150         0.059
including                905        985             80         0.086
including                905        940             35         0.128
                       1,050      1,075             25         0.028

CR05-3        600        375        465             90         0.069
including                385        450             60         0.098

CR05-4        500        365        380             15         0.012
                         410        500             90         0.013

CR05-5        650        370        400             30         0.049
                         410        450             40         0.025

CR05-6        660         60         70             10         0.020
                         130        175             45         0.014
                         340        375             35         0.017
                         445        470             25         0.040
                         490        515             25         0.038
                         550        580             30         0.024

CR05-7        850        150        160             10         0.017
                         340        375             35         0.020
                         465        475             10         0.164
                         655        705             50         0.018

CR05-8      1,000        125        145             20         0.015
                         325        335             10         0.014
                         370        390             20         0.016
                         405        430             25         0.022
                         480        540             60         0.039
                         695        725             30         0.021
                         785        860             75         0.069
including                785        805             20         0.181
                         970      1,000(TD)         20         0.026

CR05-9      1,040        120        130             10         0.020
                         225        250             25         0.013
                         345        360             15         0.035
                         420        430             10         0.015
                         460        470             10         0.016
                         860        870             10         0.040
                         895        915             20         0.013
                         970      1,000             30         0.015

CR05-10     1,000         65         85             20         0.017
                         250        260             10         0.087
                         275        295             20         0.015
                         310        320             10         0.020
                         335        350             15         0.015
                         365        375             10         0.012
                         870        875              5         0.308

CR05-11       680         45         50              5         0.042
                         100        110             10         0.027
                         140        150             10         0.013
                         160        165              5         0.119
                         385        400             15         0.017
                         440        445              5         0.041

CR05-12     1,160         80         95             15         0.011
                         135        150             15         0.015
                         175        200             25         0.021
                         300        345             45         0.029
                         485        490              5         0.098
                       1,055      1,150             95         0.019
including              1,080      1,145             65         0.023

In the Gold Pan Zone, holes CR05-9 through CR05-12 were collared roughly 400 ft apart in an area 500-1,000 ft east of the 39A Zone, to test the potential for deep 39A-type mineralization beneath the near-surface mineral resource. These holes were located at possible structural intersections that appear to exert control on the distribution of near-surface gold. Three of the holes encountered strong retrograde alteration at the projected depth where the stratiform 39A-type mineralization was expected. Beginning at about 1,040 ft and continuing to 1,150 ft, hole CR05-12 encountered very strongly developed retrograde alteration containing 2 to 60 percent replacement and veinlet sulfides. Starting at 1,055 ft, the hole intersected 95 ft averaging 0.019 oz Au/t, including 65 ft averaging 0.023 oz Au/t. Gold values up to 0.083 oz/t are associated with semi-massive sulfide layers.

The 2005 drilling identified much stronger mineralization than previously encountered in the "distal target" area suggesting excellent potential for developing new mineral resources in this area with additional drilling. In the 39A Zone, drilling indicates that the southern portion remains open for limited expansion to the southeast. However, results from drilling at the extreme north end of the zone suggests good potential for discovering additional higher grade resources in that area with continued drilling. Results from three of the four wide spaced drill holes collared in the near surface Gold Pan mineral resource, identified a widespread zone of strongly developed retrograde alteration carrying local ore-grade gold values at depths (850-1,045 ft) where the 39A zone was projected to be. In addition, the zone of mineralization and/or alteration is coincident with a series of close-spaced sills that apparently fill a low-angle structural zone that dips gently northward. This may be the principal "feeder structure" for the 39A Zone. Drilling in the "deep" Gold Pan zone has provided clear evidence that 39A-type mineralization is present and remains an excellent exploration target for the discovery of new mineral resources. In view of these encouraging results, the Company is planning additional drilling.

The drilling contractor for the 2005 program was Lang Exploratory Drilling Co. of Elko, NV. Drill samples were prepared and assayed by ALS Chemex of Reno, NV. Down-the-hole gyroscopic surveys were conducted in holes CR05-1 and CR05-2 and CR05-8 through CR05-12 by IDS, Inc. of Elko, NV. Measured deviations in these holes ranged from 12 ft to 68 ft. The drilling program was directly supervised by R.T. McCusker, P.Geol., a qualified person pursuant to National Instrument 43-101, who has reviewed and verified the data disclosed in this news release.

ON BEHALF OF THE BOARD OF DIRECTORS

David Wolfin, Director

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Coral Gold Resources Ltd. (TSX VENTURE:CGR) (OTC Bulletin Board:CGREF)