TD Bank Financial Group executive announces plans to exercise stock options and sell additional common shares

    TORONTO, June 6 /CNW/ - TD Bank Financial Group (TDBFG) today announced
that Fredric Tomczyk, Vice Chair, Corporate Operations of TDBFG advised of his
intention to exercise up to approximately 125,000 stock options and sell the
acquired shares, and to sell up to approximately 24,000 additional shares of
the Bank that he presently owns. Mr. Tomczyk's decision was made in connection
with the announcement on June 5, 2007 that he will resign in July, 2007 to
join TD AMERITRADE as the Chief Operating Officer later that month.

    This announcement is in keeping with TDBFG's policy requiring all Named
Executive Officers in the management proxy circular to pre-disclose by way of
news release any intention to trade in the Bank's common shares, including the
exercise of stock options. This disclosure must occur no less than five
business days in advance of the date on which the transaction is to take

    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; U.S. Personal and Commercial Banking through TD
Banknorth; and Wholesale Banking, including TD Securities. 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. The Bank had $397 billion in
assets as of April 30, 2007. The Toronto-Dominion Bank trades on the Toronto
and New York Stock Exchanges under the symbol "TD", as well as on the Tokyo
Stock Exchange.

For further information:

For further information: Neil Parmenter, VP External Communications,
(416) 982-4285

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