WATERSOUND, FL - May 1, 2012 - The St. Joe Company (NYSE: JOE) announced today that it has scheduled the release of its results for the first quarter 2012 after market close on May 3, 2012.

St. Joe's earnings press release will be posted on the Investor Relations section of the Company's website at www.joe.com.

About St. Joe

The St. Joe Company is a Florida-based real estate developer and manager. The Company owns approximately 573,000 acres of land concentrated primarily in Northwest Florida and has significant residential and commercial land-use entitlements in hand or in process. The majority of land not under development is used for the growing and selling of timber or is available for sale. The Company also owns various commercial, resort and club properties. More information about the Company can be found on its website at www.joe.com.

© 2012, The St. Joe Company. "St. Joe," "VentureCrossings" and the
"Taking Flight" design are service marks of The St. Joe Company.

St. Joe Investor/Media Contact:
Tom Hoyer - Chief Financial Officer
850-231-6518
thoyer@joe.com