Coral Gold Announces Barrick Core Drill Program Has Commenced at Gold Ridge Property, Nevada

Coral Gold Resources Ltd. (TSX
VENTURE:CLH)(OTCBB:CLHRF)(BERLIN:GV8)(FRANKFURT:GV8) ("Coral" or the "Company")
is pleased to announce that Barrick commenced the 2014 diamond core hole drill
program on June 26, 2014 on the Gold Ridge property located in Crescent Valley,
Nevada.


Barrick is targeting Carlin-type mineralization in the lower plate where
drilling in 2007 by Coral encountered lower plate carbonate rocks with anomalous
gold values. Along the Cortez trend where the Gold Ridge property is situated,
Barrick and predecessor companies established several world class gold mines and
discoveries including the Pipeline, Cortez Hills, Horse Canyon and Gold Acres
mines as well as the new Goldrush discovery.


The Gold Ridge claims are separate and adjacent to Coral's core claims at
Robertson which host an inferred gold resource of 2.7 million ounces, a portion
of which was the subject of a preliminary economic assessment in 2012. The core
claims are host to a near surface resource that shows typical characteristics of
porphyry/hornfels mineralized system which has historically been an indication
of a deeper feeder system hosted in the lower plate below. To view a map of
Coral's claims and the Cortez trend click here.


The drill program is pursuant to the exploration and option to joint venture
agreement announced in the Company's news release dated March 5th, 2014. In the
agreement, Barrick Gold Exploration Inc. ("Barrick Gold"), and Barrick Gold
Corporation ("Barrick"), pursuant to which Barrick Gold has been granted an
option to earn up to an undivided 60% interest on the Company's Gold Ridge
Property in Nevada (consisting of a portion of the Robertson Property) in
consideration for Barrick Gold incurring US$12,000,000 in exploration
expenditures over a five year period. In addition, Barrick Gold has the option
to increase its interest by an additional 15% for an aggregate undivided 75%
interest by preparing and delivering to the Company a scoping study. The Option
Agreement also provides that upon Barrick Gold exercising its option, a 60%/40%
or a 75%/25% joint venture between the parties will be established in order to
further explore the Gold Ridge Property.


Qualified Person

Coral's projects are under the supervision of Chris Sampson, P.Eng, Coral VP and
a Director, who is a qualified person within the context of National Instrument
43-101. Mr. Sampson has reviewed and approved the technical data herein.


ON BEHALF OF THE BOARD

David Wolfin, President & Chief Executive Officer 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release. This release contains statements
that are forward-looking statements and are subject to various risks and
uncertainties concerning the specific factors disclosed under the heading "Risk
Factors" and elsewhere in the Company's periodic filings with Canadian
securities regulators. Such information contained herein represents management's
best judgment as of the date hereof based on information currently available.
Except as required by law, the Company does not assume the obligation to update
any forward-looking statement.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Coral Gold Resources Ltd.
David Wolfin
President & Chief Executive Officer
604.682.3701
604.682.3600 (FAX)
info@coralgold.com
www.coralgold.com

Coral Gold Resources (TSXV:CLH)
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