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

October 6, 2006

Trading Symbols: TSX Venture - CGR

US;XXX.XX - CGREF

Berlin and Frankfurt - GV8

INVESTOR RELATIONS AGREEMENT

Coral Gold Resources Ltd. (the “Company”) has renewed 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 $24,000 plus expenses.

ON BEHALF OF THE BOARD OF DIRECTORS

“Xxxxx Xxxxxx”

Xxxxx Xxxxxx

President

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