Coral Reports Voting Results of Annual General and Special Meeting
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jul 22, 2016) - Coral Gold Resources Ltd. (TSX VENTURE:CLH)(OTCBB:CLHRF)(BERLIN:GV8)(FRANKFURT:GV8) ("Coral" or the "Company") is pleased to report the following voting results in accordance with Section 11.3 of NI 51-102 Continuous Disclosure Obligations. This report briefly describes the matters voted upon and the outcome of the votes at the Annual General and Special Meeting of Shareholders of the Company held on July 22, 2016:
- Setting the Number of Directors at Five
According to proxies received and a vote conducted by a show of hands, the resolution regarding the setting of the number of Directors at five was passed as follows:
| Votes For | % For | Votes Against | % Against |
| 27,933,140 | 99.31 | 194,680 | 0.69 |
- Election of Directors
According to proxies received and a vote conducted by a show of hands, the following directors were elected to the board of directors of the Company as follows:
| Director Nominee | Votes For | % For | Votes Withheld | % Withheld |
| Ronald Andrews | 23,275,901 | 99.84 | 37,531 | 0.16 |
| Gary Robertson | 23,279,652 | 99.86 | 33,780 | 0.14 |
| Chris Sampson | 23,256,606 | 99.76 | 56,826 | 0.24 |
| David Wolfin | 23,264,195 | 99.79 | 49,237 | 0.21 |
| Andrew Kaplan | 23,271,462 | 99.82 | 41,970 | 0.18 |
- Appointment and Remuneration of Auditors
According to proxies received and a vote conducted by a show of hands, the resolution regarding the appointment of Manning Elliott LLP as the Company's auditors and authorization of directors to fix their remuneration was passed as follows:
| Votes For | % For | Votes Against | % Against |
| 27,879,821 | 99.12 | 247,999 | 0.88 |
- Approval of 10% Rolling Stock Option Plan
According to proxies received and votes conducted by a show of hands, the ordinary resolution of disinterested shareholders regarding the approval of the Rolling Stock Option Plan was passed by a majority of shareholders as follows.
| Votes For | % For | Votes Against | % Against |
| 16,741,564* | 95.65 | 762,218 | 4.35 |
*Excluding 5,809,650 shares held by Insiders
- Approval of the Sale of the Robertson Properties
According to proxies received and votes conducted by a show of hands, the special resolution regarding the approval of the sale of Robertson Properties was passed by a special majority of shareholders, as follows.
| Votes For | % For | Votes Against | % Against | |
| 23,231,230 | 99.65 | % | 82,202 | 0.35 |
The closing of the above transaction remains subject to the satisfaction of the outstanding closing conditions.
The Board of Directors appreciates the support of our shareholders.
About Coral
Coral Gold Resources has a portfolio of strategically-located claim blocks along the Cortez gold trend in north-central Nevada, including the flagship Robertson Property proposed for sale to Barrick Cortez Inc.
ON BEHALF OF THE BOARD
David Wolfin, President & Chief Executive Officer, Coral Gold Resources Ltd.
Neither the 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.
Contact
Coral Gold Resources Ltd.
David Wolfin
President & Chief Executive Officer
604.682.3701
604.682.3600
ir@coralgold.com
www.coralgold.com