VANCOUVER, British Columbia, May 27, 2003 (PRIMEZONE) -- Howlett Research Corp. (www.howlett-research.com), a boutique research firm led by Jeff Howlett, President, announced today that it has recently published a comprehensive research report on Coral Gold Corp. (OTCBB:CLHVF) (Toronto Venture Exchange:CLH), a gold exploration and development property with strategically located properties in Nevada's Battle Mountain trend. Past exploration has identified a 1+ million gold resource on its 100% owned Robertson claims. Coral also has a 39% carried interest in the Excluded / Core claims, together with the Cortez Joint Venture (60% Placer Dome / 40% Kennecott), which has potential for large ore grade zone near the Cortez border where the world class Pipeline orebody is now being mined.
The full report can be found at www.howlett-research.com/Research.htm.
Based on British Columbia's Sunshine Coast, Howlett Research Corp. has been completing company specific research reports for a range of publicly listed companies for over 10 years in a variety of industry sectors. The reports are developed for junior to medium sized companies that are undervalued relative to its peer group and lack adequate coverage by the financial community. These reports attempt to explain how the company is positioned in its competitive environment, along with what its business development/growth strategy and associated market potential is.
Coral Gold has weathered the bear market in precious metals, has recently resolved a reclamation bond issue, and is now poised to move forward with new exploration programs.
The 2003 exploration program will focus on the Central Area of the property where previous work outlined a significant, near surface gold resource estimated at between 1 million and 2 million ounces.
Statements included in this release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks and uncertainties such as competitive factors, technological development, market demand and the Company's ability to obtain new contracts and accurately estimate net revenues due to variability in size, scope and duration of projects, and internal issues in the sponsoring client. Further information on potential factors that could affect the Company's financial results, can be found in the Company's Registration Statement and in its Reports on Forms 8-K filed with the Securities and Exchange Commission (SEC).