May 2020

SUCCESS IN ONE OF THE WORLD’SRICHEST GOLD DISTRICTS

SAFE HARBOUR

Certain statements contained herein regarding the Company and its operations constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of

1995. All statements that are not historical facts, including without limitation statements regarding future estimates, plans, objectives, assumptions or expectations for future performance, are “forward-looking statements.” We caution you that such “forward looking statements” involve known and

unknown risks and uncertainties that could cause actual results and future events to differ materially from those anticipated in such statements. Such risks and uncertainties include fluctuations in precious metal prices, unpredictable results of exploration activities, uncertainties inherent in the estimation of

mineral reserves and resources, fluctuations in the costs of goods and services, problems associated with exploration and mining operations, changes in legal, social or political conditions in the jurisdictions where the Company operates, lack of appropriate funding and other risk factors, as

discussed in the Company’s filings with Canadian and American Securities regulatory agencies. Resource and production goals and forecasts may be based on data insufficient to support them.

Mr. Garth D. Kirkham, P.Geo., and Mr. Peter Stokes, P.Eng., of Beacon Hill Consultants (1988) Ltd. and

Mr. Robert McCusker, Consultant Geologist and Project Manager are Qualified Persons in accordance with NI 43-101. Messrs Kirkham, Stokes and McCusker are independent of Coral as defined by NI 43-101 and are responsible for the technical data in the resource estimate.

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CORAL GOLD SNAPSHOT

Royalty/exploration company focused on the Cortez Gold Trend of Nevada

Projects:

Robertson Property (royalty agreement

with Barrick, now Nevada Gold Mines*)

Norma Sass (100% Coral Gold)

JDN (100% Coral Gold)

Eagle (100% Coral Gold)

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* Nevada Gold Mines is a joint venture between Barrick (61.5%) and Newmont (38.5%)

✓ Strong balance sheet – US$9.5 (C$13.5M) Cash ($0.30/share cash value)

✓ Company has been active for 35 years - longevity

✓ Nevada Gold Mines NGM (Barrick & Newmont JV) royalty on Robertson –

uncapped, sliding scale 1% to 2.25%

✓ Robertson 2012 inferred resource (most recent) exceeds 2.7M ounces gold

✓ Prime Nevada location & properties, still operating through COVID-19

considered essential business

✓ Proven mining management – 150+ combined years experience

✓ Long-term relationship with Barrick/NGM

✓ Exceptional Share Structure – NCIB reducing outstanding shares

✓ Royalty exposure to Tier 1 asset base in Nevada

INVESTMENT CASE FOR CORAL GOLD

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NEVADA – WORLD CLASS FOR GOLD & MINING

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Produces >5% of the world’s gold; 83% of United States’ gold1

Over $8 Billion worth of gold produced in 2018 (>5.58 million oz)

4th in world gold production behind China, Australia and Russia

Numerous 20M oz gold deposits

One new gold mine enters production each year1

Reserves continue to increase with the price of gold1

60.3M oz Au proven and probable reserves statewide reported in 20172

Pro-mining, world-class infrastructure,talent, resources

1 Nevada Division of Minerals, June 2019

2 Major Mines of Nevada 2018 by Rich Perry and Mike VisherThe Nevada Division of Minerals

THE CORTEZ & CARLIN TRENDS: >128M oz gold to date

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ROBERTSON PROPERTY/NGM REGIONAL HOLDINGS

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CORTEZ REGION: NEVADA GOLD SUCCESS

Pipeline, Cortez Hills and Goldrush represent three of the largest Carlin-type gold deposits in the world. They make up Nevada Gold Mines’ lowest-cost assets with:

► 26.8 million+ oz gold reserves & resources

► Producing ~ 1.0 million oz per year for last 20 years and

now declining¹

► 2019 All-in Sustaining Costs of $651/ounce¹1 Information from Barrick Gold Corporation 2019 Annual Report

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▪ Return of 4,150,000 CLH common shares held by NGM (approximately 8.7% of CLH shares outstanding)

▪ Sliding scale 1% to 2.25% net smelter returns royalty on the Robertson Property (details slide #10)

▪ Payable quarterly, subject to potential advance royalty payments ($500,000 beginning Jan 2025 if not in production)

▪ Right of first refusal enables NGM to acquire the NSR if the Company wishes to sell to any third party.

THE BARRICK/NEVADA GOLD MINES (NGM) ROYALTY

A Major Turning Point - the Path to Royalty Revenue (2017)

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THE NEVADA GOLD MINES (NGM) ROYALTY

Coral’s Sliding Scale Royalty with NGM – no cap on payments!

AVERAGE GOLD PRICE DURING THE QUARTER (USD) APPLICABLE NSR RATE

Up to and including $1,200.00 1.00%

$1,200.01 to $1,400.00 1.25%

$1,400.01 to $1,600.00 1.50%

$1,600.01 to $1,800.00 1.75%

$1,800.01 to $2,000.00 2.00%

Over $2,000.00 2.25%

US$500,000 annual royalty begins Jan 1 2025 if Robertson not in production by Dec 31 2024

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ROBERTSON’S TIMELY DEVELOPMENT

Gold at highest levels in the last 8 years and demand is stable, and production is in decline

Robertson was noted by NGM as containing "significant indicated and inferred mineral resources not currently in reserves" and is a "growth project from which further reserve growth can be expected in the near future upon completion of feasibility studies.“ (Barrick’s February 12, 2020 News Release)

Coral’s sliding scale royalty has the potential to be a tremendous asset which could increase shareholder value once the Feasibility Study is complete and the economic value is fully understood

Provides NGM the option of increasing production and/or extending the life of its operation

Low-cost mines becoming harder to find

NGM Q4 2019 WORK AT ROBERTSON

Progressing with updating the geological model

1,675 metres of geotechnical drilling completed in Q4

Preparing mine plans, confirming metallurgical assumptions, and carrying out baseline study work

Barrick recently mentioned a mineral resource at Robertson in their 2019 4th quarter report, details not yet public, however they indicate that Robertson property is now considered part of the mineral resource base for the Cortez Mine Complex

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NGM Pushing Development at Robertson

THE NGM ROYALTY

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▪ Robertson is considered an important project to NGM

* Image from NGM Analyst Presentation Sept 19, 2019

✓ Deep potential at Robertson:FIND THE DEEPER SOURCE OF THE SURFACE GOLD

✓ Locate a deep, rich “feeder” deposit – mining the shallow resource at Robertson secondary

✓ With massive Cortez infrastructure adjoining Robertson, NGM’s economics are favourable

SEEKING THE FEEDER SOURCE AT ROBERTSON

View of NGM’s Cortez Mine from Robertson Project

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CONCEPTUAL MODEL OF A DEEP CARLIN-TYPE DEPOSIT

DEEP, HIGH-GRADE FEEDER ZONE

SHALLOW OXIDE, LOW-GRADE

SHALLOW OXIDE, LOW-GRADE

Even deeper drilling can miss the Bonanza Zone but hit “teasers.”

Deep hole hits Bonanza Zone, i.e. 400’ of 0.40 Au

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400’ Average Depth of Robertson Drilling (1,160 drill holes, 533,453 feet, 162,638 meters

Most of Barrick production at Pipeline & Cortez Hills is below 1000’ in Lower Plate

POTENTIAL “MEIKLE-STYLE” DISCOVERY AT ROBERTSON

NGM geologists have stated they’re seeking a “Meikle-style” discovery at Robertson.

The Meikle deposit was discovered in September 1989 when the tenth deep drill hole EX-89-4 intersected 540 ft of 0.41 oz/st Au from 1,305 ft to 1,845 ft.1

This hole was targeted at an inferred structural intersection associated with induced polarization (IP) geophysical and soil geochemistry anomalies.

1 Goldstrike Technical Report – page 6-2

From 2007 to 2016, the Meikle underground mine (Meikle, North Post, Betze and Banshee areas) produced over 4m oz Au at an average grade of .295 oz/ton

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CategoryQty

(Tons)Grade

(oz Au/Ton)Qty

(oz Au)

Inferred Resource* 191,725,418 0.0143 2,741,673

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ROBERTSON CORE CLAIMS UPPER PLATE RESOURCE TO DATE*

Gold Price: US$1,350/ozCutoff Grade: 0.0067 oz Au/ton Mining Cost: US$1.02/tonProcessing Cost: US$5.00/ton Waste Cost: US$1.14/tonDrilling: 1,160 holes, 533,453 feet

(162,638m)

Mr. Garth D. Kirkham, P.Geo., and Mr. Peter Stokes, P.Eng., of Beacon Hill Consultants (1988) Ltd. and Mr. Robert McCusker, Consultant Geologist and Project Manager are Qualified Persons in accordance with NI 43-101. Messrs Kirkham, Stokes and McCusker are independent of Coral as defined by NI 43-101 and are responsible for the technical data in the resource estimate.

Mineral resources which are not mineral reserves do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, or other relevant issues. The quantity and grade of reported Inferred resources in this estimation are uncertain in nature and there has been insufficient exploration to define these Inferred resources as an Indicated or Measured mineral resource and it is uncertain if further exploration will result in upgrading them to the Indicated or Measured mineral resource category.

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January 15, 2012

CAPITALIZATION*

Shares Outstanding 46,144,837Options 4,122,500Fully Diluted 50,449,337Cash & Cash Equivalents US$9.5M (CDN $13M)Average Volume (TSV.V), (OTCQX): 30K, 21K

* As of April 24, 2020

Newsletter Coverage:Jay Taylor

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Shrinking Float: Since the first Normal Course Issuer Bid (“NCIB”) was announced in 2017, the Company has repurchased 8 million common shares

Trading SymbolsCLH : TSX.VCLHRF : OTCQXGB8 : Frankfurt

CONTACT

Thank You!

Corporate Communications

David Wolfin, PresidentInvestor Relations: ir@coralgold.com

www.coralgold.com

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APPENDICES

“We are excited to add Robertson to our pipeline of projects at the Cortez property, where our vision is to create a multi-mine operation that will deliver long-term value to our shareholders and our government and community partners in Nevada.”

Rob Krcmarov, Barrick (now Nevada Gold Mines) Senior Vice President,Global Exploration

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NORMA SASS CLAIMS

► Strategic location immediately south of the Gold Acres mine and west of Pipeline

►Drilling by Coral and Cortez Gold Mines has encountered a number of significant gold intercepts at depths of 110 to 1,060 feet

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NORMA SASS

NORMA SASS – 100% owned

JDN CLAIMS

► 27 claims (560 acres) 10 miles NNW of Gold Acres and Pipeline Gold Mines

► Adjoins the Cortez Hilltop deposit: indicated resource 700,000 oz Au

► Underlain by the same formations that host the Hilltop deposits

► A series of showings (Jet Age Silver zone) occur in the south central part of the JDN claim block.

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JDN – 100% owned

JDN

EAGLE

► Located just south of Hecla’s Fire Creek Mine

► Previous shallow drilling hit numerous intersections of anomalous gold

EAGLE CLAIMS

EAGLE – 100% owned

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