6-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of October, 2008

Commission File Number: 0-15688

CORAL GOLD RESOURCES LTD.

(Translation of registrant's name into English)

400-455 Granville Street, Vancouver, BC, V6C 1T1

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

[ x ] Form 20-F   [] Form 40-F

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): []

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): []

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes [] No [ x ]

If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- _________

SUBMITTED HEREWITH

Exhibits

99.1           Interim Consolidated Financial Statements Nine Months Ended October 31, 2008*

99.2           Management Discussion and Analysis

99.3           CEO Certification

99.4           CFO Certification

1

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	CORAL GOLD RESOURCES LTD.
	(Registrant)
Date: December 31, 2008	By:	/s/ Dorothy Chin
		[Missing Graphic Reference]
		Dorothy Chin Title: Corporate Secretary

2

EX-99.1 CHARTER

CORAL GOLD RESOURCES LTD.

Interim Consolidated Financial Statements

Nine Months Ended October 31, 2008

(unaudited)

Notice to Readers: Under National Instrument 51-102, Part 4.3 (3)(a), if an auditor has not performed a review of the interim financial statements, they must be accompanied by a notice indicating that the financial statements have not been reviewed by an auditor.

The accompanying unaudited interim financial statements of the Company have been prepared by and are the responsibility of the Company’s management and approved by the Board of Directors of the Company and have not been reviewed by the Company’s independent auditor.

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CORAL GOLD RESOURCES LTD.

Interim Consolidated Balance Sheets

(In Canadian Dollars)

(Prepared by Management)

	October 31,	January 31,
As at:	2008	2008
	(Unaudited)	(Audited)
ASSETS
Current
Cash and cash equivalents	$       1,491,583	$       3,602,089
Advances receivable from related parties (note 9(b))	16,596	13,808
Amounts receivable and prepaid expenses	32,899	58,778
	1,541,078	3,674,675
Investment securities (note 4)	75,860	167,282
Equipment (note 5)	8,069	2,327
Mineral properties (note 6)	15,573,326	14,021,301
Reclamation deposit (note 7)	468,984	320,103
	$    17,667,317	$     18,185,688
LIABILITIES AND SHAREHOLDERS' EQUITY
Current
Accounts payable and accrued liabilities	$          72,771	$          121,368
Advances payable to related parties (note 9(c))	35,623	36,499
Asset retirement obligation	233,594	194,361
	341,988	352,228
Future income tax liability	3,562,808	3,562,808
Non-controlling interest	10,320	10,320
Shareholders' equity
Share capital (note 8)	40,301,644	40,211,705
Contributed surplus	3,417,292	3,221,663
Accumulated other comprehensive income	(42,891)	48,531
Deficit	(29,923,844)	(29,221,567)
	13,752,201	14,260,332
	$     17,667,317	$     18,185,688

Approved by the Directors:

“Louis Wolfin” Director “Gary Robertson” Director

The accompanying notes are an integral part of these interim consolidated financial statements

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CORAL GOLD RESOURCES LTD.

Interim Consolidated Statements of Operations, Comprehensive Income (Loss) and Deficit

(In Canadian Dollars)

(Unaudited – Prepared by Management)

	Three months ended October 31,		Nine months ended October 31,
	2008	2007	2008	2007
EXPENSES
Amortization	$               716	$              145	$             1,178	$              435
Consulting fees	60,172	7,500	180,516	26,180
Investor relations and shareholder    information	21,917	41,464	146,869	106,734
Legal and accounting	26,136	25,221	53,974	358,538
Listing and filing fees	2,104	30,190	15,778	65,764
Management fees	26,250	35,550	78,750	108,240
Office and miscellaneous	19,586	17,754	54,454	39,881
Salaries and benefits	35,009	28,422	101,270	70,881
Stock-based compensation	-	267,504	90,132	295,189
Transfer agent fees	551	4,654	8,344	9,907
Travel	6,429	10,832	67,562	28,227
Loss before the following	(198,870)	(469,236)	(798,827)	(1,109,976)
Other items
Interest income	14,163	52,903	63,885	126,010
Foreign exchange gain (loss)	32,666	(25,960)	32,665	(44,350)
Recovery of advances receivable	-	-	-	3,974
Loss for the period	$       (152,041)	$    (442,293)	$    (702,277)	$   (1,024,342)
Other comprehensive income
Unrealized gain (loss) on investment securities (note 4)	(76,559)	(66,185)	(91,422)	74,812
Total comprehensive loss	$       (228,601)	$    (508,478)	$     (793,699)	$      (949,530)
Deficit, beginning of period	(29,771,803)	(28,484,431)	(29,221,567)	(27,902,382)
Deficit, end of period	$(29,923,844)	$(28,926,724)	$(29,923,844)	$(28,926,724)
Basic and diluted:
Loss per share	$            (0.01)	$            (0.02)	$            (0.03)	$            (0.04)
Weighted average number of    common shares outstanding	24,989,771	24,815,057	24,975,800	23,139,563

The accompanying notes are an integral part of these interim consolidated financial statements

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CORAL GOLD RESOURCES LTD.

Interim Consolidated Statements of Cash Flows

(In Canadian Dollars)

(Unaudited – Prepared by Management)

	Three months ended October 31,		Nine months ended October 31,
	2008	2007	2008	2007
OPERATING ACTIVITIES
Loss for the period	$       (152,041)	$ (442,293)	$   (702,277)	$ (1,024,342)
Adjustments for items not involving cash:
Amortization	716	145	1,178	435
Stock-based compensation	-	267,504	90,132	295,189
Fair value of options granted for consulting services	45,172	-	135,516	-
Change in non-cash working capital:
Decrease (Increase) in advances receivable	(2,487)	(4,826)	(2,788)	1,598
Decrease (Increase) in amounts       receivable and prepaid expenses	31,083	21,651	25,879	22,358
Increase (Decrease) in accounts       payable and accrued liabilities	(113,509)	(381,892)	(48,597)	(413,806)
Increase (Decrease) in advances       payable to related parties	(1,860)	12,478	(876)	21,853
Decrease (Increase) in site restoration obligation	35,006	(1,536)	39,233	(3,013)
Cash used in operating activities	(157,922)	(528,769)	(462,600)	(1,099,728)
INVESTING ACTIVITIES
Mineral properties acquisition and    exploration expenditures incurred	(619,848)	(1,345,480)	(1,552,024)	(1,958,222)
Purchase of equipment	-	-	(6,920)	-
Decrease (Increase) in reclamation deposit	(63,427)	36,987	(148,881)	28,831
Cash used in investing activities	(683,275)	(1,308,493)	(1,707,825)	(1,929,391)
FINANCING ACTIVITIES
Issuance of shares for cash, net	-	13,794	59,920	4,286,294
Cash provided by financing activities	-	13,794	59,920	4,286,294
Net increase (decrease) in cash and cash equivalents	(841,198)	(1,823,468)	(2,110,506)	1,257,175
Cash and cash equivalents, beginning of period	2,332,781	5,626,354	3,602,089	2,545,711
Cash and cash equivalents, end of period	$ 1,491,583	$ 3,802,886	$ 1,491,583	$ 3,802,886

The accompanying notes are an integral part of these interim consolidated financial statements

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CORAL GOLD RESOURCES LTD.

Notes to Interim Consolidated Financial Statements

October 31, 2008

(In Canadian Dollars)

(Unaudited – Prepared by Management)

1.           Nature of Business

Coral Gold Resources Ltd. (“Coral” or the “Company”) is in the exploration stage, and is in the process of exploring its mineral property interests and has not yet determined whether they contain enough gold reserves, such that their recovery would be economically viable. The Company’s mining claims are located in the states of Nevada and California in the United States. The investment in and expenditures on the mineral properties comprise substantially all of the Company’s assets. The recoverability of amounts shown for its mineral properties interest and related deferred costs are dependent upon the continued support from its directors, the discovery of economically recoverable reserves, the ability of the Company to obtain the financing necessary to complete development and achieve profitable operations in the future. The outcome of these matters cannot be predicted at this time. The value of the Company’s mineral properties could become impaired should its exploration activities cease or be unsuccessful, and may result in future write-downs of capitalized property carrying values.

2.           Basis of Presentation and Recent Accounting Pronouncements

a) Basis of Presentation

These unaudited interim consolidated financial statements have been prepared in accordance with Canadian generally accepted accounting principles (“Canadian GAAP”) on a basis consistent with that followed in the most recent audited annual consolidated financial statements. Certain information and footnote disclosures normally included in financial statements prepared in accordance with Canadian GAAP have been condensed or omitted and therefore these unaudited interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes thereto for the fiscal year ended January 31, 2008.

In the opinion of the Company’s management, all adjustments considered necessary for a fair presentation of these unaudited interim consolidated financial statements have been included and all such adjustments are of a normal recurring nature. Operating results for the nine months ended October 31, 2008 are not necessarily indicative of the results that can be expected for the fiscal year ending January 31, 2009.

These interim consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries, Coral Resources, Inc. and Coral Energy Corporation of California and its 98.49% owned subsidiary Marcus Corporation. Significant inter-company accounts and transactions have been eliminated.

b) Recent Accounting Pronouncements

Financial Instruments – Disclosures and Financial Instruments – Presentation

Effective February 1, 2008, the Company adopted CICA Section 3862, Financial Instruments – Disclosure. This section requires disclosure for the assessment of the significance of financial instruments for an entity’s financial position and performance and of the extent of risks arising from financial instruments to which the Company is exposed and how the Company manages those risks. See Note 3(a) to these interim financial statements for disclosure relating to this section.

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CORAL GOLD RESOURCES LTD.

Notes to Interim Consolidated Financial Statements

October 31, 2008

(In Canadian Dollars)

(Unaudited – Prepared by Management)

2.           Basis of Presentation and Recent Accounting Pronouncements (continued)

b) Recent Accounting Pronouncements (continued)

Capital Disclosures

Effective February 1, 2008, the Company adopted CICA Section 1535, Capital Disclosure. This section requires the Company to include additional information in the notes to the financial statements about its capital and the manner in which it is managed. See Note 3(b) to these interim consolidated financial statements for disclosure relating to this section.

Going Concern

In April 2007, the CICA approved amendments to Handbook Section 1400, General Standards of Financial Statement Presentation. These amendments require management to assess an entity’s ability to continue as a going concern. When management is aware of material uncertainties related to events or conditions that may cast doubt on an entity’s ability to continue as a gong concern, those uncertainties must be disclosed. In assessing the appropriateness of the going concern assumption, the standard requires management to consider all available information about the future, which is at least, but not limited to, twelve months from the balance sheet date. The standard was adopted by the Company effective February 1, 2008.

c) Future Accounting and Reporting Changes

International Financial Reporting Standards (“IFRS”)

In 2006, the Canadian Accounting Standards Board (“AcSB”) published a new strategic plan that will significantly affect financial reporting requirements for Canadian companies. The AcSB strategic plan outlines the convergence of Canadian GAAP with IRFS over an expected five year transitional period.  In February 2008 the AcSB announced that 2011 is the changeover date for the publicly-listed companies to use IFRS, replacing Canada’s own GAAP.  The date is for interim and annual financial statements relating to fiscal years beginning on or after January 1, 2011.  The transition date of January 1, 2011 will require the restatement for comparative purposes of amounts reported by the Company for the year ended December 31, 2010.  While the Company has begun assessing the adoption of IFRS for 2011, the financial reporting impact of the transition to IFRS cannot be reasonably estimated at this time.

Goodwill and Intangible Assets

The CICA has also issued the new Handbook Section 3064, “Goodwill and Intangible Assets”, which will replace Section 3062, “Goodwill and Intangible Assets”.  The new standard establishes revised standards for the recognition, measurement, presentation and disclosure of goodwill and intangible assets.  The new standard also provides guidance for the treatment of preproduction and start-up costs and requires that these costs be expensed as incurred.  The new standard applies to annual and interim financial statements relating to fiscal years beginning on or after October 1, 2008.  Management is currently assessing the impact of these new accounting standards on its financial statements.

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CORAL GOLD RESOURCES LTD.

Notes to Interim Consolidated Financial Statements

October 31, 2008

(In Canadian Dollars)

(Unaudited – Prepared by Management)

3.           Significant Accounting Policies

a) Financial Instruments

i) Classification and fair value of financial instruments

The Company’s cash and cash equivalents are held for trading and are measure at fair value; any gains or losses related to periodic revaluation are recorded to net income or loss. Advances receivable, interest receivable and reclamation deposit are classified as loans and receivables and are initially measured at their fair value; subsequent revaluations are recorded at their amortized cost using the effective interest rate method. Investment securities involving shares of companies are classified as available-for-sale and accounted for at fair market value. Unrealized gains or losses on these investments are recorded as other comprehensive income or loss. Accounts payable and advances payable to related parties are classified as other liabilities and are initially measured at fair value; subsequent revaluations are recorded at their amortized cost using the effective interest rate method. The fair values of financial assets and liabilities that are included in the balance sheet approximate their carrying values.

ii) Credit risk

Credit risk is the risk that one party to a financial instrument will fail to fulfill an obligation and cause the other party to incur a financial loss. The Company’s cash and cash equivalents are exposed to credit risk. The risk is low because the Company is maintaining its cash and cash equivalents with highly rated financial institutions.

iii) Foreign exchange risk

Foreign exchange risk is the risk that fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates. With having properties in the U.S. the Company is exposed to the fluctuation of foreign exchange.  A significant change in the currency exchange rates between the Canadian dollar relative to the US dollar could have an effect on the Company’s results of operations, financial position or cash flows.

iv) Interest rate risk

Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in the market interest rates.  The Company’s cash and cash equivalents are currently held in highly liquid short-term investments and therefore management considers the interest rate risk to be minimal.

v) Liquidity risk

Liquidity risk is the risk that the Company will encounter difficulty in meeting obligations associated with financial liabilities. The Company ensures that it has sufficient capital to meet short term financial obligations after taking into account its exploration obligations and cash and cash equivalents on hand.

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CORAL GOLD RESOURCES LTD.

Notes to Interim Consolidated Financial Statements

October 31, 2008

(In Canadian Dollars)

(Unaudited – Prepared by Management)

3.           Significant Accounting Policies (continued)

b) Capital Management

The Company’s objectives when managing capital are to safeguard the Company’s ability to continue as a going concern in order to pursue the exploration of its properties and to maintain flexible capital structure for its projects for the benefit of its stakeholders. In the management of capital, the Company includes the components of shareholders’ equity as well as cash and cash equivalents, receivables and current liabilities.

The Company manages the capital structure and makes adjustments to it in light of changes in economic conditions and the risk characteristics of the underlying assets. To maintain or adjust the capital structure, the Company may attempt to issue new shares or adjust the amount of cash and cash equivalents. Management reviews the capital structure on a regular basis to ensure that objectives are met.

4.           Investment Securities

At October 31, 2008, the Company held shares as follows:

	Number of Shares	Cost	Accumulated Unrealized Gains (losses)	Fair Value
Available-for-sale shares:
Levon Resources Ltd.	967,571	$     77,117	$          (14,225)	$    62,892
Mill Bay Ventures Inc.	518,731	41,634	(28,666)	12,968
		$   118,751	$          (42,891)	$     75,860

During the nine month period ended October 31, 2008, the Company recognized a $91,422 unrealized loss, included in other comprehensive income (loss), on investment securities designated as available-for-sale. Fair value was determined using quoted market prices as at October 31, 2008.

5.           Equipment

October 31, 2008	Cost	Accumulated Amortization	Net Book Value
Computer hardware	$    5,926	$    4,080	$    1,846
Equipment	436	303	133
Vehicles	6,920	830	6,090
	$  13,282	$    5,213	$    8,069

January 31, 2008	Cost	Accumulated Amortization	Net Book Value
Computer hardware	$    5,926	$    3,756	$    2,170
Equipment	436	279	157
	$    6,362	$    4,035	$    2,327

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CORAL GOLD RESOURCES LTD.

Notes to Interim Consolidated Financial Statements

October 31, 2008

(In Canadian Dollars)

(Unaudited – Prepared by Management)

6.           Mineral Properties

The following is a summary of mineral property expenditures for the nine month period ended October 31, 2008:

Balance, beginning of year		$     14,021,301
Robertson Property
Assays	$           132,007
Consulting	303,559
Drilling	685,738
Field supplies and other	10,095
Lease payments	202,780
Mapping	3,782
Reclamation	128,309
Taxes, licenses & permits	85,344
Water analysis	411
Total expenditures for Robertson Property		1,552,025
Total expenditures for Norma Sass/Ruf Property		-
Balance, end of period		$      15,573,326

7.           Reclamation Deposit

Under the laws of the State of Nevada, the Company is required to have a reclamation deposit which covers the cost to reclaim the ground disturbed. During the period, additional planned exploration activities in Nevada were approved by the Bureau of Land Management (the “Bureau”), thereby an additional bond of $85,454 (U.S.$76,524) was required. As at October 31, 2008, the total required reclamation deposit was $468,984 (U.S.$389,360) [2008 - $320,103 (U.S.$319,400)].

Coral Resources, Inc., as principal, placed the funds in trust with a fully secured standby letter of credit lodged as collateral in support of the bond. The bond is interest bearing and accrued on a monthly basis at a weighted average rate of 0.70%.

8.           Share Capital

(a)           Authorized                      Unlimited common shares without par value

(b)         Issued

During the year ended January 31, 2008, the Company’s share structure was amended by subdividing every one common share into three common shares. If not stated otherwise, for the current period and the comparative periods, those numbers of shares, stock options and share purchase warrants outstanding, as well as net loss per share, have been adjusted to reflect this three-for-one share split.

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CORAL GOLD RESOURCES LTD.

Notes to Interim Consolidated Financial Statements

October 31, 2008

(In Canadian Dollars)

(Unaudited – Prepared by Management)

8.           Share Capital (continued)

(b)         Issued (continued)

	Number of Shares	Share Capital Amount	Contributed Surplus
Balance, January 31, 2007	6,832,360	$    36,706,478	$    2,096,750
Stock split on a 3 for 1 basis	13,664,720	-	-
Common shares issued for cash:
Private placements	4,230,000	3,369,900	860,100
Exercise of warrants	20,691	13,794	-
Exercise of stock options	135,000	76,100	-
Fair value of stock options exercised		40,840	(40,840)
Fair value of warrants exercised	-	4,593	(4,593)
Fair value of stock options issued for consulting services	-	-	15,057
Stock-based compensation	-	-	295,189
Balance, January 31, 2008	24,882,771	$40,211,705	$3,221,663
Exercise of stock options	107,000	59,920	-
Fair value of stock options exercised	-	30,019	(30,019)
Fair value of stock options issued for consulting services	-	-	135,516
Stock-based compensation	-	-	90,132
Balance, October 31, 2008	24,989,771	$    40,301,644	$    3,417,292

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CORAL GOLD RESOURCES LTD.

Notes to Interim Consolidated Financial Statements

October 31, 2008

(In Canadian Dollars)

(Unaudited – Prepared by Management)

8.           Share Capital (continued)

(c)   Share Purchase Warrants

A summary of share purchase warrants transactions for the nine month period ended October 31, 2008 is as follows:

	Number of  Underlying Shares	Weighted Average Exercise Price
Balance, January 31, 2008	4,230,000	$1.17
Granted	-	-
Exercised	-	-
Balance, October 31, 2008	4,230,000	$1.17

During the period, the terms of the warrants issued pursuant to a private placement announced on April 20, 2007 have been amended. The amendment extends the expiry date of the warrants from May 18, 2008 to May 18, 2009. As at October 31, 2008, the following share purchase warrants were outstanding:

Number of Underlying Shares	Exercise Price	Expiry Date
4,230,000	$1.17	May 18, 2009

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CORAL GOLD RESOURCES LTD.

Notes to Interim Consolidated Financial Statements

October 31, 2008

(In Canadian Dollars)

(Unaudited – Prepared by Management)

8.           Share Capital (continued)

(d)   Stock Options

The Company has granted founders, directors, officers, consultants and certain employees stock options. For the nine month period ended October 31, 2008, stock option activity is summarized as follows:

	Number  of Options	Weighted Average Exercise Price
Balance, January 31, 2008	2,823,000	$1.00
Exercised	(107,000)	$0.56
Granted	135,000	$1.00
Balance, October 31, 2008	2,851,000	$1.02

A summary of stock options outstanding and exercisable as at October 31, 2008 is as follows:

Number Outstanding	Exercise Price	Weighted Average Remaining Contractual Life (yr)	Expiry Date
559,500	$0.56	1.08	December 1, 2009
40,000	$0.56	1.45	April 12, 2010
631,500	$1.17	2.12	December 12, 2010
750,000	$1.29	2.85	September 6, 2011
735,000	$1.00	3.91	September 26, 2012
100,000	$1.00	4.29	February 4, 2013
35,000	$1.00	4.50	May 1, 2013
2,851,000

During the period, 135,000 stock options were granted to consultants and employees of the Company at a price of $1.00 per share with expiry dates of February 4, 2013 and May 1, 2013.  These options vest according to the Company’s Stock Option Plan and the TSX Policy and are exercisable for a period of five years. The Company recorded a total of $90,132 for stock based compensation expense.

The fair value of these option granted have been estimated using the Black-Scholes option pricing model with the following assumptions: range of risk-free interest rate: 3.30% -3.40%; dividend yield of 0%, range of volatility factor: 100.32% - 101.03%; and expected life of 5 years.

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CORAL GOLD RESOURCES LTD.

Notes to Interim Consolidated Financial Statements

October 31, 2008

(In Canadian Dollars)

(Unaudited – Prepared by Management)

9.           Related Party Transactions

Related party transactions not disclosed elsewhere in the consolidated financial statements areas follows for the nine month period ended October 31, 2008:

a)   Advances receivable represent amounts due from related parties. $16,596 [$79,084 less an allowance for bad debt of $62,488; January 31, 2008 - $13,808] was due from a public company with common management and common directors.

b)   Advances payable include $17,000 [January 31, 2008 - $17,000] due to directors in regards to past directors’ fees; $15,768 [January 31, 2008 – $16,662] due to a company with common management in regards to the cost sharing agreement for overhead expenses; $2,067 [January 31, 2008 - $2,570] to a company controlled by a director in regards to geological consulting fees; and $788 [January 31, 2008 - $267] to a company controlled by a Director in regards to expense reimbursements.

c)   For the nine month period ended October 31, 2008, consulting fees of $45,000 [2007 - $45,000] were paid to two private companies owned by Directors; consulting fees of $22,500 [2007 - $nil] were charged by a private company owned by an officer of a related company with common management; and management fees of $56,250 [2007 - $56,250] were paid to a company owned by a Director.

d)   Geological consulting fees of $28,000 [2007 - $30,900] were charged by a company owned by a director of the Company and is recorded in mineral properties.

e)   The Company entered into a cost-sharing agreement during 2005 to reimburse a related party for a variable percentage of its overhead expenses, to reimburse 100% of its out-of-pocket expenses incurred on behalf of the Company, and to pay a percentage fee based on the total overhead and corporate expenses referred to above. The agreement may be terminated with one month’s notice by either party.

A total of $149,533 [2007 - $118,184] was charged to operations in relation to the cost sharing agreement and recorded as general and administrative expenses.

The Company owns a one-sixth share of the related party which is valued at a nominal amount of $1; the shares are held in trust.

These transactions are measured at the exchange amount, which is the consideration established and agreed to by the related parties, unless otherwise noted.

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CORAL GOLD RESOURCES LTD.

Notes to Interim Consolidated Financial Statements

October 31, 2008

(In Canadian Dollars)

(Unaudited – Prepared by Management)

10.           Segmented Information

The Company is involved in mineral exploration and development activities principally in the United States. The Company is in the development stage and, accordingly, has no reportable segment revenues for each of the current period ending October 31, 2008. All losses for the current period and the comparative period are as a result of Canadian head office costs. Costs of U.S. operations are capitalized to mineral properties. The assets of the Company are segmented as follows:

October 31, 2008	Canada	U.S.	Total
Current assets	$        1,492,587	$               48,491	$          1,541,078
Investment securities	75,860	-	75,860
Equipment	1,979	6,090	8,069
Mineral properties	-	15,573,326	15,573,326
Reclamation deposit	-	468,984	468,984
	$        1,570,426	$        16,096,891	$        17,667,317

January 31, 2008	Canada	U.S.	Total
Current assets	$   3,642,859	$   31,816	$    3,674,675
Investment securities	167,282	-	167,282
Equipment	2,327	-	2,327
Mineral properties	-	14,021,301	14,021,301
Reclamation deposit	-	320,103	320,103
	$   3,812,468	$  14,373,220	$   18,185,688

11.           Comparative Figures

Certain of the comparative figures for 2007 have been reclassified, where applicable, to conform to the presentation adopted for the current year.

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EX-99.2 BYLAWS

MANAGEMENT DISCUSSION AND ANALYSIS

FOR THE NINE MONTHS ENDED October 31, 2008

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The following discussion and analysis of the operations, results and financial position of Coral Gold Resources Ltd. (the “Company” or “Coral”) should be read in conjunction with the Company’s unaudited interim financial statements for the nine months ended October 31, 2008 and the audited financial statements for the year ended January 31, 2008.

This Management Discussion and Analysis (“MD&A”) is dated December 24, 2008 and discloses specified information up to that date. Coral is classified as a “venture issuer” for the purposes of National Instrument 51-102. The Company’s financial statements are prepared in accordance with generally accepted accounting principles in Canada. Unless otherwise cited, references to dollar amounts are Canadian dollars.

Throughout this report we refer to “Coral”, the “Company”, “we”, “us”, “our” or “its”. All these terms are used in respect of Coral Gold Resources Ltd. We recommend that readers consult the “Cautionary Statement” on the last page of this report. Additional information relating to the Company is available on SEDAR at www.sedar.com.

Business Overview

The Company’s principal business activities are the acquisition, exploration and development of mineral properties. The Company’s mining claims are located in the states of Nevada and California in the United States. The Company’s present principal exploration activities have been focused on the Robertson mining claims located in Crescent Valley, Nevada. The Company is a reporting issuer in British Columbia, Alberta and Ontario, a foreign issuer with the Securities & Exchange Commission and trades on the TSX Venture Exchange under the symbol CLH, on the OTCBB under the symbol CLHEF and on the Berlin & Frankfurt Stock Exchanges under the symbol GV8.

Overall Performance

The following is a summary of significant events and transactions during the period ended October 31, 2008 to the date of this MD&A:

·   NI 43-101 Report: During the period ended April 30, 2008, the Company received the final NI 43-101 compliant “Mineral Resource Estimate for the Robertson Property, Lander County, Nevada” report prepared by Beacon Hill Consultants Ltd. (“Beacon Hill”) of Vancouver, British Columbia. The new estimate, based on a gold price of US$600 per ounce, raises the Robertson property inferred resource to over 2.3 million ounces of gold—an increase of 110% over the previous NI 43-101 estimate from April 2006. A portion of the oxide resources are locally exposed at the surface and are potentially in an open pit mining configuration. Some of the new resources remain open to expansion on strike and at depth. The updated resource was calculated from work completed in 2006 and 2007. Robertson is located along the Cortez Gold trend of north-central Nevada near the town of Crescent Valley. The zones included in the Beacon Hill estimate are located within the Robertson’s Core claims only. The Company’s other claim blocks, including Norma Sass, Lander Ranch, Ruf, Blue Nugget and the Excluded claims (joint ventured with Cortez Gold Mines), were not part of the estimate.

·   Drilling Contract: During the period, the Company entered into a drilling contract of reverse circulation drilling on the Company’s 100% owned Robertson property at Crescent Valley, Nevada with Lang Exploratory Drilling of Salt Lake City, Utah. This contract represents Phase I of a two-phase program. In the first phase, we expect to drill reverse circulation holes. Phase II will include diamond drilling. Both Phase I and Phase II are aimed at expanding and upgrading Robertson’s 2.3 million-ounce inferred resource.

MANAGEMENT DISCUSSION AND ANALYSIS

FOR THE NINE MONTHS ENDED October 31, 2008

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·   June Claims: In March 2008, the Company announced the completion of a mineral lease with option to purchase agreement to explore, develop, and exploit six lode mining claims located in Lander County, State of Nevada (the “June Claims”). The June Claims are adjacent to the Company’s View Claims in the northwest section of its Robertson Property. The agreement is for an initial term of 4 years in consideration of the payment of an annual rent of US$25,000, renewable in successive four year terms, provided that the rent will increase by US$5,000 every four years.  The property is subject to a royalty charge of 3% of net smelter returns (“NSR”), subject to the Company’s exclusive right to purchase the NSR for US$1,000,000 per percentage point upon notice to the Lessors.  The Company also has the exclusive right to purchase the property, subject to the NSR, for US$1,000,000 upon notice to the Lessors.

·   Exploration Agreement with Barrick: In October 2008, the Company entered into an exploration, development and mine operating agreement (the “Agreement”) with Barrick Gold Exploration Inc. (“Barrick”), wherein Barrick is granted the option to acquire up to a 75% interest in the Company’s and Levon Resources Ltd.’s (“Levon”) interests in the Norma Sass Property, Nevada, consisting of 36 unpatented mining claims.

Barrick may earn a 60% interest by incurring total exploration expenditures of at least US $3 million in annual installments by December 31, 2014.  Barrick may earn an additional 10% (for an aggregate interest of 70%) by incurring an additional US $1.5 million by December 31, 2015.  Barrick may earn an additional 5% (for an aggregate interest of 75%) by carrying the Company and Levon through to commercial production.

Alternatively, at the time of earning either its 60% or 70% interest, Barrick may be given the option to buy-out the Company’s and Levon’s joint interest by paying US $6 million and granting them a 2% net smelter returns royalty.

Results of Operations

Three months ended October 31, 2008 compared with the three months ended October 31, 2007

General and administrative expenses

General and administrative expenses totaled $198,870 for the three months ended October 31, 2008 compared with $469,236 for the three months ended October 31, 2007, a decrease of $270,366. This decrease is attributed to the decrease of $9,300 in management fees, $28,086 in listing and filing fees, $19,547 in investor relations, $4,103 in transfer agent fees, $4,403 in travel, and $267,504 in stock-based compensation. These decreases are offset by the increases of $52,672 in consulting fees, $1,832 in office and miscellaneous, and $6,587 in salaries and benefits.

The significant decrease in stock-based compensation is attributable to stock options issued during the period in 2007. The increase in consulting fees is attributable to the vesting of stock options issued in the prior year. The decrease in investor relations expense is attributable to a reduction in research reports and publications the Company participated in. Listing and filing fees are significantly lower in the three months ended October 31, 2008 as compared to the prior year due to costs associated with a private placement in 2007.

Loss for the period

The loss for the three months ended October 31, 2008 was $152,041 compared with a loss of $442,293 for the three months ended October 31, 2007, a difference of $290,252.

MANAGEMENT DISCUSSION AND ANALYSIS

FOR THE NINE MONTHS ENDED October 31, 2008

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The primary reason for this reduction was the expense related to stock options issued in 2007 and other general and administrative decreases as discussed above. The decrease in general and administration expenses was offset by a reduction in interest income of $38,740. Interest income for the three months ended October 31, 2008 was $14,163 as compared to $52,903 in the same period in 2007. This is as a result as a lower cash balance.

Nine months ended October 31, 2008 compared with the nine months ended October 31, 2007

General and administrative expenses

General and administrative expenses totaled $798,827 for the nine months ended October 31, 2008 compared with $1,109,976 for the nine months ended October 31, 2007, a decrease of $311,149. This decrease is attributed to the decrease of $304,564 in legal and accounting fees, $205,057 in stock-based compensation, $49,986 in listing and filing fees, $1,563 in transfer agent fees and $29,490 in management fees. These decreases are offset with increases of $154,336 in consulting fees, $40,135 in investor relations and shareholder information, $30,389 in salaries, $14,573 in office, and $39,335 in travel expense.

The increase in consulting fees is attributable to the stock-based compensation expense associated with options issued to a consultant in the prior year. The legal and accounting fees were significantly higher for the nine months ended October 31, 2007 because of the title search of the Robertson mineral property. Travel expense is higher due to additional trade shows attended during the year. Salaries and benefits have increased due to an increase in personnel. Investor relations is higher due to an investor relations contractor the company briefly engaged earlier in the year. Listing and filing fees decreased during the year with less activity in this area.

Loss for the period

The loss for the period ended October 31, 2008 was $702,277 compared with a loss of $1,024,342 for the period ended October 31, 2007, a difference of $322,065. The primary reason for this reduction was the significant reduction in general and administrative expenses as well as a foreign exchange gain of $77,015. This was offset with lower interest income of $63,885 as compared to $126,010 in 2007, a decrease of $62,125.

Summary of Quarterly Results

	2008	2008	2008	2008	2007	2007	2007	2007
Period ended	Oct. 31 Q3	July 31 Q2	Apr. 30 Q1	Jan. 31 Q4	Oct. 31 Q3	Jul. 31 Q2	Apr. 30 Q1	Jan. 31 Q4
			$	$	$	$	$	$
Revenue	—	—	—	—	—	—	—	—
Loss for the period	(152,041)	(126,876)	(423,360)	(294,843 )	(442,293 )	(225,524)	(356,525)	(1,035,608)
Loss per share	(0.01)	(0.01)	(0.02)	(0.01 )	(0.02 )	(0.01)	(0.02)	(0.05)
Total assets	17,667,317	17,931,107	18,014,529	18,185,688	18,377,980	18,795,422	14,530,440	14,892,422

MANAGEMENT DISCUSSION AND ANALYSIS

FOR THE NINE MONTHS ENDED October 31, 2008

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Quarterly costs tend to fluctuate as a result of significant exploration activities being carried out each year.  Financial reporting and administrative requirements keep expanding as well which put further upward pressure on costs such as salaries and benefits and legal and accounting fees. Stock-based compensation and future income tax expense, both being non-cash items, can mask the upward trend of general and administrative costs.

Because the Company has not generated significant income in recent years, total assets trend downward during the periods when there are no new funds raised. However, the majority of expenditures are capitalized exploration costs so total asset value does not decrease as dramatically as working capital will.  When there is a sharp increase in total assets, it is mostly likely because cash was raised through the issuance of shares.

Liquidity and Capital Resources

During the nine month period ended October 31, 2008 the Company incurred expenditures that increased its mineral property carrying value on the Robertson Property by $1,552,025. At this time the Company has no operating income but is earning interest income on its entire cash holdings.

At October 31, 2008, the Company had working capital of $1,199,090 and cash and cash equivalents of $1,491,583. During the period ended October 31, 2008, the Company had cash proceeds of $59,920 from the exercise of 107,000 stock options.

The Company has sufficient cash on hand at this time to finance limited exploration work on its mineral properties and maintain administrative operations. The Company is in the exploration stage. The investment in and expenditures on the mineral property comprise substantially all of the Company’s assets. The recoverability of amounts shown for its mineral property interest and related deferred costs are dependent upon the continued support from its directors, the discovery of economically recoverable reserves and the ability of the Company to obtain the financing necessary to complete development and achieve profitable operations in the future. The outcome of these matters cannot be predicted at this time.

Mineral exploration and development is capital intensive, and in order to maintain its interest the Company will be required to raise new equity capital in the future. There is no assurance that the Company will be successful in raising additional new equity capital.

Off-balance Sheet Arrangements

The Company has no off-balance sheet arrangements.

Transactions with Related Parties

Related party transactions for the nine months ended October 31, 2008 are as follows:

(a)   Advances receivable represent amounts due from related parties. These amounts due from related parties include $16,596 [$79,084 less an allowance for bad debt of $62,488; January 31, 2008 - $13,808] from a public company with common management and common directors.

(b)   Advances payable represent $17,000 [January 31, 2008 - $17,000] due to Directors in regards to past directors’ fees; $15,768 [January 31, 2008- $16,662] due to a company with common management in regards to the cost sharing agreement for overhead expenses; $2,067 [January 31, 2008 - $2,570] to a company controlled by a Director in regards to geological consulting fees; and $788 [January 31, 2008 - $267] to a company controlled by a Director in regards to expense reimbursements.

MANAGEMENT DISCUSSION AND ANALYSIS

FOR THE NINE MONTHS ENDED October 31, 2008

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(c)   Consulting fees of $45,000 [2007 - $45,000] were paid to two private companies owned by Directors; consulting fees of $22,500 [2007 - $nil] were charged by a private company owned by an officer of a related company with common management; and management fees of $56,250 [2007 - $56,250] were paid to a company owned by a Director.

(d)   Geological consulting fees of $28,000 [2007 - $30,900] to a company owned by a Director of the Company and is recorded in mineral properties.

(e)   The Company entered into a cost-sharing agreement during 2005 to reimburse a related party for a variable percentage of its overhead expenses, to reimburse 100% of its out-of-pocket expenses incurred on behalf of the Company, and to pay a percentage fee based on the total overhead and corporate expenses referred to above. The agreement may be terminated with one month’s notice by either party.

A total of $149,533 [2007 - $118,184] was charged to operations in relation to the cost sharing agreement and recorded as general and administrative expenses.

The Company owns a one-sixth share of the related party which is valued at a nominal amount of $1; the shares are held in trust.

These transactions are measured at the exchange amount, which is the consideration established and agreed to by the related parties, unless otherwise noted.

Disclosure of Management Compensation

During the period ended October 31, 2008, $56,250 was paid to the Chief Executive Officer for services as director and officer of the Company, $22,500 was paid to the President for services as director and officer of the Company, $22,500 was paid to a former President and current Vice-President for services as director and officer of the Company, $13,033 was paid to the Chief Financial Officer for services as an officer of the Company, $10,879 was paid to the Secretary for services as an officer of the Company and $28,000 was paid to the V.P. Explorations for services as a director and geological consultant.

Adoption of New Accounting Standards

Effective February 1, 2008, the Company adopted the following new accounting standards issued by the Canadian Institute of Chartered Accountants (“CICA”). These accounting policy changes were adopted on a retrospective basis with no restatement of prior period financial statements:

Financial Instruments – Disclosures and Financial Instruments – Presentation

Effective February 1, 2008, the Company adopted CICA Section 3862, Financial Instruments – Disclosure. This section requires disclosure for the assessment of the significance of financial instruments for an entity’s financial position and performance and of the extent of risks arising from financial instruments to which the Company is exposed and how the Company manages those risks. See Note 3(a) to these interim financial statements for disclosure relating to this section.

Capital Disclosures

Effective February 1, 2008, the Company adopted CICA Section 1535, Capital Disclosure. This section requires the Company to include additional information in the notes to the financial statements about its capital and the manner in which it is managed. See Note 3(b) to these interim consolidated financial statements for disclosure relating to this section.

MANAGEMENT DISCUSSION AND ANALYSIS

FOR THE NINE MONTHS ENDED October 31, 2008

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Going Concern

In April 2007, the CICA approved amendments to Handbook Section 1400, General Standards of Financial Statement Presentation. These amendments require management to assess an entity’s ability to continue as a going concern. When management is aware of material uncertainties related to events or conditions that may cast doubt on an entity’s ability to continue as a going concern, those uncertainties must be disclosed. In assessing the appropriateness of the going concern assumption, the standard requires management to consider all available information about the future, which is at least, but not limited to, twelve months from the balance sheet date. The standard was adopted by the Company effective February 1, 2008.  See Note 2 to these interim financial statements for disclosure relating to this section.

Outstanding Share Data

The Company had the following issued and outstanding share capital as at October 31, 2008 and December 24, 2008:

Common shares:                                           24,989,771

Stock options:

Expiry Date	Exercise Price Per Share	Number of Shares Remaining Subject to Options (Oct. 31/08)	Number of Shares Remaining Subject to Options (Dec. 24/08)
December 1, 2009	$0.57	559,500	559,500
April 12, 2010	$0.57	40,000	40,000
December 12, 2010	$1.18	631,500	631,500
September 6, 2011	$1.31	750,000	750,000
September 26, 2012	$1.00	735,000	735,000
February 14, 2013	$1.00	100,000	100,000
May 1, 2013	$1.00	35,000	35,000
		2,851,000	2,851,000

Warrants:

Expiry Date	Exercise Price Per Share	Number of Underlying Shares (Oct. 31/08)	Number of Underlying Shares (Dec.  24/08)
May 18, 2008 (original expiry date) May 18, 20091 (new expiry date)	$1.17	4,230,000	4,230,000
		4,230,000	4,230,000

 

1 Warrants term extended for an additional year from May 18, 2008 to May 19, 2009 as consented by the TSX Venture Exchange on February 27, 2008.

MANAGEMENT DISCUSSION AND ANALYSIS

FOR THE NINE MONTHS ENDED October 31, 2008

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Commitments

In February 2008, the Company entered into an agreement with an individual to provide investor relations services.  In consideration of the services rendered, the Company will pay $1,500 per month for a term of one year unless terminated upon 30 day’s notice by either party.  Under this agreement, the Company has also granted 50,000 incentive stock options.

Disclosure Controls and Procedures

The Chief Executive Officer and the Chief Financial Officer of the Company are responsible for evaluating the effectiveness of the Company’s disclosure controls and procedures and have concluded, based on our evaluation, that they are effective as at October 31, 2008 to ensure that information required to be disclosed in reports filed or submitted under Canadian securities legislation is recorded, processed, summarized and reported within the time period specified in those rules and regulations.

Internal Controls over Financial Reporting

The Chief Executive Officer and the Chief Financial Officer of the Company are responsible for designing internal controls over financial reporting, or causing them to be designed under their supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with Canadian GAAP.  The Company assessed the design of the internal controls over financial reporting as at October 31, 2008 and concluded that there are material weaknesses in internal controls over financial reporting, which are as follows:

a)   Due to the limited number of staff resources, the Company believes there are instances where a lack of segregation of duties exist to provide effective controls; and

b)   Due to the limited number of staff resources, the Company may not have the necessary in-house knowledge to address complex accounting and tax issues that may arise.

The weaknesses and their related risks are not uncommon in a company the size of the Company because of limitations in size and number of staff.  The Company believes it has taken steps to mitigate these risks by increasing additional accounting personnel, consulting outside advisors and involving the Audit Committee and Board of Directors in reviews and consultations where necessary.  However, these weaknesses in internal controls over financial reporting could result in a more than remote likelihood that a material misstatement would not be prevented or detected. The Company believes that it must take additional steps to further mitigate these risks by consulting outside advisors on a more regular and timely basis.

MANAGEMENT DISCUSSION AND ANALYSIS

FOR THE NINE MONTHS ENDED October 31, 2008

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There have been no changes in the Company’s internal controls over financial reporting that occurred during the quarter ended October 31, 2008 that have materially affected, or are reasonably likely to materially affect, the Company’s internal controls over financial reporting.

Cautionary Statement

This MD&A is based on a review of the Company’s operations, financial position and plans for the future based on facts and circumstances as of December 24, 2008. Except for historical information or statements of fact relating to the Company, this document contains “forward-looking statements” within the meaning of applicable Canadian securities regulations. There can be no assurance that such statements will prove to be accurate, and future events and actual results could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from our expectations are disclosed in the Company’s documents filed from time to time via SEDAR with the Canadian regulatory agencies to whose policies we are bound. Forward-looking statements are based on the estimates and opinions of management on the date the statements are made, and we do not undertake any obligation to update forward-looking statements should conditions or our estimates or opinions change. These statements involve known and unknown risks, uncertainties, and other factor that may cause the Company’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievement expressed or implied by these forward-looking statements.

EX-99.3 VOTING TRUST

Form 52-109F2

Certification of Interim Filings

I, Louis Wolfin, Chief Executive Officer and Director of Coral Gold Resources Ltd., certify that:

1.   I have reviewed the interim filings (as this term is defined in Multilateral Instrument 52-109 Certification of Disclosure in Issuers’ Annual and Interim Filings) of Coral Gold Resources Ltd. (the “Issuer”) for the period ending October 31, 2008;

2.   Based on my knowledge, the interim filings do not contain any untrue statement of material fact or omit to state a material fact required to be stated or that is necessary to make a statement not misleading in light of the circumstances under which it was made, with respect to the period covered by the interim filing;

3.   Based on my knowledge, the interim financial statements together with the other financial information included in the interim filings fairly present in all material respects the financial condition, results of operations and cash flows of the Issuer, as of the date and for the periods presented in the interim filings; and

4.   The issuer’s other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures for the issuer and, we have:

a.   designed such disclosure controls and procedures, or caused them to be designed under our supervision, to provide reasonable assurance that material information relating to the issuer, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which the interim filings are being prepared;

b.   designed such internal control over financial reporting, or caused it to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with the issuer’s GAAP;

           5. I have caused the issuer to disclose in the interim MD&A any change in the issuer’s internal control over financial reporting that occurred during the issuer’s most recent interim period that has materially affected, or is reasonably likely to materially affect, the issuer’s internal control over financial reporting.

Date:                      December 30, 2008

“Louis Wolfin”

Louis Wolfin

Chief Executive Officer

EX-99.4 ACQ AGREEMNT

Form 52-109F2

Certification of Interim Filings

I, Lisa Sharp, Chief Financial Officer of Coral Gold Resources Ltd., certify that:

1.   I have reviewed the interim filings (as this term is defined in Multilateral Instrument 52-109 Certification of Disclosure in Issuers’ Annual and Interim Filings) of Coral Gold Resources Ltd. (the “Issuer”) for the period ending October 31, 2008;

2.   Based on my knowledge, the interim filings do not contain any untrue statement of material fact or omit to state a material fact required to be stated or that is necessary to make a statement not misleading in light of the circumstances under which it was made, with respect to the period covered by the interim filing;

3.   Based on my knowledge, the interim financial statements together with the other financial information included in the interim filings fairly present in all material respects the financial condition, results of operations and cash flows of the Issuer, as of the date and for the periods presented in the interim filings; and

4.   The issuer’s other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures for the issuer and, we have:

a.   designed such disclosure controls and procedures, or caused them to be designed under our supervision, to provide reasonable assurance that material information relating to the issuer, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which the interim filings are being prepared;

b.   designed such internal control over financial reporting, or caused it to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with the issuer’s GAAP;

           5. I have caused the issuer to disclose in the interim MD&A any change in the issuer’s internal control over financial reporting that occurred during the issuer’s most recent interim period that has materially affected, or is reasonably likely to materially affect, the issuer’s internal control over financial reporting.

Date:                      December 30, 2008

“Lisa Sharp”

Lisa Sharp

Chief Financial Officer