TD becomes largest purchaser of green power in the Canadian financial
    services industry

    VANCOUVER, March 24 /CNW/ - At a launch event in Vancouver today, TD Bank
Financial Group announced its entire business in British Columbia will be
"bullfrogpowered" with 100% low impact, renewable electricity beginning April
1, 2009. In an expanded partnership with Bullfrog Power, TD will purchase an
additional 22,500 MWh of renewable energy, equivalent to the electricity used
by 139 TD Canada Trust branches, six TD Waterhouse Investor Centres, and eight
corporate offices.
    "Our decision to invest in renewable electricity for our BC operations is
a key component of our strategy to be carbon neutral across our Canadian
operations in 2010," said Karen Clarke-Whistler, Chief Environment Officer, TD
Bank Financial Group. "We're thrilled Bullfrog is expanding into 'Beautiful
British Columbia' and we support their commitment to bring on line new sources
of clean, renewable energy."

    TD was the first bank in Canada to commit to going carbon neutral and the
    bank's strategy focuses on the following three areas:

    -   Becoming more energy efficient and reducing energy use by
        retrofitting and re-designing buildings, offsetting travel, greening
        its fleet and vehicle programs, and more.

    -   Continuing to invest in clean and renewable energy to reduce TD's
        carbon emissions associated with electricity usage; in addition to
        its new BC investment, TD annually purchases nearly 6,500 MWh of
        renewable energy from emission-free generation sources such as wind
        power and low-impact water power to match the electricity used by its
        ABM network of 2,600 Green Machines.

    -   Launching the TD Emissions Reduction Fund, another Canadian banking
        first. The Fund will offset TD's remaining carbon emissions by, for
        example, working with various groups such as schools, hospitals and
        other non-profits to reduce their emissions through investments in
        clean technology and energy retrofit projects.

    "TD's expanded partnership with Bullfrog is a strong show of support for
the advancement of new renewable energy in Canada," said Tom Heintzman,
President, Bullfrog Power. "TD has emerged as a leader in environmental
citizenship. Their ongoing and increasing commitment to Bullfrog helps to
raise awareness about the choice many Canadians now have to buy low-impact
renewable energy for their own homes and businesses."

    To learn more about TD's approach to environmental sustainability read
    the environment section in the 2008 Corporate Responsibility Report at
    http://www.td.com/corporateresponsibility/crr2008/environment/

    About TD Bank Financial Group
    The Toronto-Dominion Bank and its subsidiaries are collectively known as
TD Bank Financial Group. TD Bank Financial Group is the sixth largest bank in
North America by branches and serves approximately 17 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 and TD Insurance; Wealth Management, including TD Waterhouse
and an investment in TD Ameritrade; U.S. Personal and Commercial Banking
through TD Banknorth and TD Bank, America's Most Convenient Bank; and
Wholesale Banking, including TD Securities. TD Bank Financial Group also ranks
among the world's leading online financial services firms, with more than 5.5
million online customers. TD Bank Financial Group had CDN$585 billion in
assets on January 31, 2009. The Toronto-Dominion Bank trades under the symbol
"TD" on the Toronto and New York Stock Exchanges.

For further information: Matthew Cram, TD Bank Financial Group, Office:
(416) 983-1514, Cell: (647) 504-5013, matthew.cram@td.com; Meghan Ney,
Bullfrog Power, Office: (416) 360-3464 ext. 221, Cell: (416) 648-5453,
meghan.ney@bullfrogpower.com