Coral Gold “CLH” Receives Positive PEA/NPV $358-Million for Robertson Project, Nevada

Coral Gold “TSX.V-CLH” has received a Preliminary Economic Assessment “PEA” on three of its gold deposits located on the Robertson Property located 60 miles south of Elko, Nevada.  The results of the evaluation are as follows:

Est. inferred resources at a cut-off of 0.005 oz Au/t:  78.2 million tons grading 0.0138 oz Au/t

In situ gold:  1,080,900 ounces

Development period to construction decision:  5 years

Mine Life:  10.5 years

Average production rate:  21,300 tpd

Ore to waste Strip Ratio:  0.6:1

Leach recovery HG cut off 0.0147 oz Au/t:  67%

Leach recovery LG cut off 0.0147 oz Au/t:  45%

Saleable gold:  608,000 ounces

See news release dated January 18, 2012 for complete details.

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