Coral Gold Resources Ltd. Announces Closing of Private Placement.

VANCOUVER, British Columbia -- Coral Gold Resources Ltd. (the "Company") (TSX TSX Toronto Stock Exchange (TSE before April, 2002)
TSX Transfer from Stack Pointer to Index
TSX True Space Extension VENTURE:CGR CGR Campo Grande, Mato Grosso Do Sul, Brazil (Airport Code)
CGR Crop Growth Rate
CGR Compound Growth Rate
CGR Center for Glass Research (NY State College of Ceramics)
CGR Condensate Gas Ratio )(OTCBB OTCBB

See OTC Bulletin Board (OTCBB). :CGREF)(BERLIN:GV8)(FWB:GV8) announces that it has closed the non-brokered private placement of 1,500,000 shares at a price of $3.00 per share.

As a result of the private placement, Mr. Robert McEwen now holds 19.8% of the outstanding shares of the Company.

The hold period for all securities issued under the private placement expires on July 4, 2006.

The net proceeds of the placement will be used for additional exploration and development work on the Company's Robertson Property, Nevada and for general working capital requirements.

Coral has been exploring a portfolio of strategically located claim blocks along the Battle Mountain-Eureka/Cortez gold trend in north-central Nevada. These properties are situated in the active Crescent Valley region, site of the large Cortez (Pipeline) gold mine.

On behalf of the Board of Directors of Coral Gold Resources Ltd.

Louis Wolfin, Director

The TSX Venture Exchange TSX Venture Exchange

Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has not reviewed and does not accept resp onsibility for the adequacy or accuracy of the content of this news re lease.

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

An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. :CGREF) (BERLIN:GV8) (FRANKFURT:GV8)

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Publication:	Business Wire
Date:	Mar 6, 2006
Words:	199
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