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GeoVax Labs Reports 2012 First Quarter Financial Results

in a timely manner, GeoVax's vaccines will be safe for human use, GeoVax's vaccines will effectively prevent AIDS in humans, vaccines will receive regulatory approvals necessary to be licensed and marketed, GeoVax raises required capital to complete vaccine development, there is development of competitive products that may be more effective, less costly, or easier to use than GeoVax's products, GeoVax will be able to enter into favorable manufacturing and distribution agreements, and other factors, over which GeoVax has no control. GeoVax assumes no obligation to update these forward-looking statements, and does not intend to do so. More information about these factors is contained in GeoVax's filings with the Securities and Exchange Commission including those set forth at "Risk Factors" in GeoVax's Form 10-K.

The Investor Relations Group:
Erika Moran, Investor Relations
Janet Vasquez, Public Relations
(212) 825-3210

FINANCIAL TABLES FOLLOWGEOVAX LABS, INC.Condensed Consolidated Statements of Operations Information(amounts in thousands, except per share data)Three Months EndedMarch 31, 2012

2011RevenuesGrant Revenue$

893Operating expenses:Research and development1,072

838General and administrative513


1,500Other income:Interest income1


1Net loss$

(606)Loss per common share$  (0.04)

(0.04) GEOVAX LABS, INC.Condensed Balance Sheet Information(amounts in thousands)March 31,

Dec. 31,2012

2011Assets:Cash and cash equivalents$

,168Other current assets393

250Total current assets2,633

1,418Property, net 158

176Other assets46

51Total assets$

,645Liabilities and stockholders' equityCurrent liabilities$

941Stockholders' equity2,327

704Total liabilities and stockho

SOURCE GeoVax Labs, Inc.
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4. GeoVax $3.6 Million Award Increased to $4.4 Million by U.S. Government
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11. GeoVax Awarded Federal Grant Under the Qualifying Therapeutic Discovery Project Program
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