Toronto, Ontario, June 2, 2006 — TD Bank Financial Group announced today that as part of its annual Customer Appreciation Day, it is partnering with Tree Canada to plant 160,000 trees in select locations throughout the country, including Kelowna, B.C., Sudbury, Ontario, Gatineau, Quebec, and Halifax, N.S.

"At TD we value our customers and we wanted to thank them for their business in a way that would give back to local communities," said Tim Hockey, Co-Chair, TD Canada Trust. "With branches in hundreds of communities across the country, TD is very much a part of the Canadian landscape, which is why we're thrilled to help beautify and restore it. This donation also ties into the many community environmental projects that are funded through TD Friends of the Environment Foundation."

The environmental impact of 160,000 trees is significant. Over their lifetime, these trees will absorb 93,418 tonnes of carbon dioxide and will filter other pollutants, such as carbon monoxide, sulphur dioxide and ozone. Each mature tree will lift nearly 400 litres of water out of the ground and discharge it into the air daily, cooling the air while producing life-giving oxygen. Trees reduce water run-off and erosion, keep streams cleaner, recharge ground water, and provide habitat for wildlife.

"Our wilderness is a big part of what defines us as Canadians. It's something we all have in common no matter where we live. And since so many TD Waterhouse clients are investing for the future, we thought we'd thank them with a gift that everyone could appreciate and that also represents an investment for the future," added Bill Hatanaka, Chairman and Chief Executive Officer, TD Waterhouse.

TD worked with Tree Canada to identify planting sites across Canada, focusing on communities that have lost large stands of trees to natural disasters that require reforestation to improve their environment including wildlife habitat. Plantings will take place in Kelowna, British Columbia, where large areas of forest have been destroyed by fire; Sudbury, Ontario, which is restoring forests adjacent to mining sites; Gatineau, Quebec, where a large municipal program is underway to re-green the city; and the Halifax area, Nova Scotia, where many trees have been destroyed in recent years by ice storms and hurricanes.

"This very large cross-Canada tree planting effort adds to TD's reputation as a corporate environmental leader," said Jeff Monty, President, Tree Canada. "Together with TD, we're striving to "Grow Clean Air," making our communities greener while creating a living legacy for generations to come."

In addition to the donation of trees, TD Canada Trust and TD Waterhouse are holding local Customer Appreciation Day celebrations in branches across Canada today.

About TD Bank Financial Group
The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Financial Group. TD Bank Financial Group serves more than 14 million customers in four key businesses operating in a number of locations in key financial centres around the globe: Canadian Personal and Commercial Banking including TD Canada Trust; Wealth Management including TD Waterhouse and an investment in TD Ameritrade; Wholesale Banking, including TD Securities; and U.S. Personal and Commercial Banking through TD Banknorth. TD Bank Financial Group also ranks among the world's leading on-line financial services firms, with more than 4.5 million on-line customers. TD Bank Financial Group had CDN$388.6 billion in assets, as of April 30, 2006. The Toronto-Dominion Bank trades on the Toronto and New York Stock Exchanges under the symbol "TD".

TD Bank Financial Group and our communities
TD Bank Financial Group's Community Relations program supports education, health and the environment, with a focus on children and youth. TD Bank Financial Group sponsors four flagship programs - TD Canadian Children's Book Week, TD Canada Trust Scholarships for Community Leadership, the Children's Miracle Network and TD Friends of the Environment Foundation - as well as a host of national, regional and local children's programs across Canada.

About Tree Canada
Tree Canada is a not-for-profit charitable organization established to encourage Canadians to plant and care for trees in urban and rural environments. To date it has engaged Canada's top companies, public agencies, individuals and volunteers to support the planting and maintenance of over 75 million trees and the regreening of over 300 schoolyards. In addition, Tree Canada has helped organize six national urban forest conferences and has certified over 25 events, 4 companies and now 1 organization as being "carbon neutral" through the planting of trees.

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