Coral Gold properties are located in one of the world’s richest gold regions.

According to David Wolfin, “Coral Gold is pleased to welcome Robert McEwen to the Board of Directors.” Mr. McEwen brings with him a great deal of experience and success in mining and international finance.

Coral Gold’s property

One of Nevada’s most renowned gold mining regions is the Crescent Valley area of the Battle Mountain and Eureka Trend in the north central part of the state. It is the site of the famed Pipeline Mine, one of North America’s leading gold producers. Here, Coral Gold Resources Ltd.’s Robertson Property adjoins the north of the Pipeline (Cortez Gold Mines – Placer Dome and Kennecott joint venture).

Coral Gold is a junior gold company with advanced exploration. Now the four mineralized zones at Robertson are estimated to contain an indicated mineral resource of about 11 million tons averaging 0.053 oz Au/t, using a 0.02 oz Au/t cutoff grade. Louis Wolfin, a director and past President of Coral, expects that the coming re-evaluation should increase the mineral resources at Robertson.

Coral Gold has been actively mapping, prospecting, and drilling on its properties for 20 years. It has four properties in the southern Crescent Valley: Robertson, Excluded, Norma Sass and Ruf. Coral owns 100 percent of the Robertson claims, while the Excluded claims are operated under a 61/39 joint venture with Cortez Gold Mines (a joint venture between Placer Dome U.S. and Kennecott Explorations). The Ruf and Norma Sass claims are held with Levon Resources Ltd.

Turning to Exploration

While Nevada is still the third largest producer of gold in the world, production is decreasing, from 8.1 million ounces in 2001 to 7.7 million ounces in 2004. Major Nevada producers need to replace reserves and will turn to the juniors.

“We are debt free and looking to increase our gold resources,” said David Wolfin. “We’ve consolidated our shares and now have fewer than 7 million issued, with 3,000 shareholders. We have good momentum and are going to grow. We’ll drill more and hopefully we’ll find more gold.”

Drilling at Robertson

Robertson is an advanced-stage exploration project centered in the Crescent Valley mining district. The property contains an indicated mineral resource estimated at 11 million tons averaging 0.053 oz Au/t based on 2004.

From June to August 2005, the company conducted a new drilling program at Robertson. It consisted of 12 vertical reverse-circulation drill holes, totaling 10,540 feet at depths from 500 feet and 1,200 feet. All twelve holes returned ore-grade intervals (using a 0.01 oz Au/t cutoff grade) ranging in thickness from 10 feet to 150 feet.

The 2005 drilling identified much stronger mineralization than previously encountered suggesting it is an excellent exploration target. Based on these encouraging results Coral Gold is planning to spend a minimum US $1 million in additional exploration for 2006.

In early January 2006, Coral Gold is looking forward to seeing a reevaluation of the current drill-indicated mineral resources at Robertson, which should put the resources just over one million ounces. An appropriate geostatistical approach will be used to support an economic study, allowing them to determine the viability of the deposits. These results will identify areas within or adjacent to the current mineral resources where additional drilling would be useful.

“This is prime real estate close to one of the largest gold mines in the world, along the Pipeline trend. When we drilled, we hit mineralization in every hole,” said David Wolfin.

Top Management Team

Coral Gold’s management has long experience and success in mining, geology, finance and international business relations.

Robert McEwen, Director and Executive Chairman since December 2005, is Chairman and CEO of U.S. Gold Corporation and Lexam Explorations Inc. and founder and former Chairman and CEO of Goldcorp Inc., which is one of the world’s top 10 gold producers.

Louis Wolfin, Founder and Director, of Coral Gold, guided Coral Gold’s growth from its inception in 1982. He directed the timely acquisition of the Robertson claims and negotiated joint venture exploration agreements with Amax Gold and Placer Dome/Kennecott. His career in management and finance spans more than forty years.

Matt Wayrynen, President, since 2002, provides financial and management experience. Over the past 15 years, he has sourced and managed venture capital, start-ups and mergers and acquisitions.

Lloyd Andrews, Chairman and Director, is a former Washington State Senator, and provides Coral with extensive experience in both the private and public sectors. He currently sits on the Board of a Smith Barney Mutual Fund.

Chris Sampson, V.P. Exploration & Director is a Professional Geologist who, has worked on hundreds of mineral projects worldwide during his 30 years in the field. He played a key role in exploration and development of the Tenabo claims since their acquisition in 1988.

William Glasier, Director, provides financial and resource consulting for a number of public companies. His primary expertise lies in finance and project management. He has been a stock broker for many years.

Florian Riedl - Riedenstein, Director, has more than 30 year’s experience in corporate finance and international banking, sharing valuable exposure and counsel regarding foreign investment. He specializes in the funding of resource companies and brings extensive experience in and knowledge of the mining industry.

David Wolfin, Director, is the President of Avino Silver and Gold Mines. He learned the mining business from the ground up, starting as a geologist’s assistant doing field work in 1980s. Over the last fifteen years, he has been instrumental in financing, investor relations and overall management for the company.

Gary Robertson also serves as a Director. He has been an investment advisor with Dundee Wealth Management for over twenty years.

Coral Gold Corporation operates in Nevada and British Columbia. The Corporation is also involved in several joint venture mining operations including Cortez Gold mines and Anglo-Eagle.

For more information, go to www.coralgold.com, or contact Coral Gold at 455 Granville St., Ste. 400; Vancouver, British Columbia V6C 1T1, Canada. Phone: 604-682-3701 or fax: 604-682-3600.