CORAL GOLD RESOURCES LTD. Suite 400 - 455 Granville Street Vancouver, B.C. V6C 1T1 Telephone: (604) 682-3701 Fax: (604) 682-3600

CORAL GOLD RESOURCES LTD.

Suite 400 - 000 Xxxxxxxxx Xxxxxx

Vancouver, B.C. V6C 1T1

Telephone: (000) 000-0000

Fax: (000) 000-0000

xxx.xxxxxxxxx.xxx

xx@xxxxxxxxx.xxx

September 27, 2005                                    Trading Symbols: TSX Venture - CGR

                                                US;XXX.XX - CGREF

                                         Berlin and Frankfurt - WKN A0DJ0G

INVESTOR RELATIONS AGREEMENT

Coral Gold Resources Ltd. (the “Company”) has entered into a 12 month Investor Relations Agreement with Investor Relations Services Group Xxxx Xxxxxx & Partners (“IRS”) to provide investor relations services in Europe. In consideration for the services rendered, the Company has agreed to pay IRS fees totalling $18,000 plus expenses.

ON BEHALF OF THE BOARD OF DIRECTORS

s/“Xxxxx Xxxxxx”

Xxxxx Xxxxxx

Director

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.