T 604.682.3701 Suite 400, 455 Granville
F 604.682.3600 Vancouver, BC V6C 1T1
April 24, 2008
Trading Symbols: TSX Venture -CLH
US, OTC.BB -CLHRF
Berlin and Frankfurt -GV8
CORAL GOLD PREPARING FOR THE 2008 RESOURCE
Coral Gold Resources Ltd. ("Coral" or the "Company") announces that it is continuing to
reevaluate all past Robertson exploration data and apply some new insights into gold
controls in the Cortez Gold Trend, preparing for the 2008 resource expansion drilling.
To help derive exploration priorities to expand the current resource with the 2008 drilling
campaign, a series of in-house, draft open pit shapes have been modeled around the 2008
43-101 compliant inferred resource.
The inferred resource estimate of 2.3 million ounces of gold grading 0.0250 oz/ton (0.870
g/tonne was announced in February 2008 and a 43-101 compliant report is posted on the
Coral Gold website
review at http://www.coralgold.com/i/pdf/Robertson43-
The loosely constrained open pit shapes were calculated at the posted resource cut off
grades, for gold prices that range from $600 to $2000 per ounce gold. For simplicity, off
site toll milling was considered and loosely estimated Nevada operating costs were used to
produce non engineered, simple and idealized open pit shape alternatives. The point of the
exercise is not to mimic or consider production alternatives, but provide semi quantitative
exploration insight into where added resources might be most effective in any future open
We are pleased with the exploration insights we are gaining even by applying this crude
analysis of the resource data. We believe our approach may be one way to improve our
exploration success and resource expansion we are shooting for in 2008.
The Company was incorporated in 1981 and is exploring claims on Nevada's Battle
Mountain-Cortez gold trend alongside the Cortez/Pipeline gold mine. Aggressive
exploration, aimed at expanding this resource, continues.