110% Increase In Robertson's Inferred Gold Resource

VANCOUVER - Coral Gold Resources Ltd. reported that it has received the final NI 43-101 compliant Mineral Resource Estimate for the Robertson Property, Lander County, Nevada report prepared by Beacon Hill Consultants Ltd. ("Beacon Hill") of Vancouver, British Columbia. The new estimate, based on a gold price of US$600 per ounce, raises the Robertson property inferred resource to over 2.3 million ounces of gold---an increase of 110% over the previous NI 43-101 estimate from April 2006. A portion of the oxide resources are locally exposed at the surface and are potentially in an open pit mining configuration. Some of the new resources remain open to expansion on strike and at depth. Robertson is located along the Cortez Gold trend of north-central Nevada near the town of Crescent Valley.
The zones included in the Beacon Hill estimate are located within the Robertson's Core claims only. The Company's other claim blocks, including Norma Sass, Lander Ranch, Ruf, Blue Nugget and the Excluded claims (joint ventured with Cortez Gold Mines), were not part of the estimate.
"Any way you look at it, the new resource estimate is a significant development for the Company," said Coral President David Wolfin. "We have so much ground yet to explore, and it seems everywhere we drill we hit new mineralization. As you can imagine, we're very happy about the progress made in 2007 and we are excited about the upcoming drill season."
The company's address Suite 400, 455 Granville Street, Vancouver, BC V6C 1T1, (604) 682-3701, fax: (604) 682-3600, email: [email protected].