Press Release - Toronto Waterfront Marathon - 8/8/06

FOR IMMEDIATE RELEASE
                             Media Contact: Frank Switzer 
                                            416-866-7238  
                                             

                          Race Information: Alan Brookes
                                            Race Director
                                            416-464-7437


          Scotiabank Announces Five-Year Sponsorship of Toronto's
                Premier Running Event and Charity Challenge

TORONTO. August 8th, 2006 – Scotiabank today announced a new five-year 
commitment to extend its title sponsorship of the Scotiabank Toronto 
Waterfront Marathon, at 'a substantial increase', paving the way for 
another landmark athletic event and grassroots fundraiser on September 24, 
2006.

"Scotiabank is committed to supporting the communities in which we live and 
work and we are delighted to offer more support to recognized charities in 
our communities by extending our partnership with the Scotiabank Toronto 
Waterfront Marathon," said Scotiabank President and Chief Executive 
Officer, Rick Waugh. "An important part of being a leader in corporate 
social responsibility is being involved in the communities where we 
operate."

Toronto's premier running event and charity challenge is expected to exceed 
last year's numbers and attract more than 10,000 runners at all levels from 
over 30 countries and most U.S. states. The Scotiabank Charity Challenge – 
which raised $625,000 in 2005 – helps over 40 charities raise money by 
collecting pledges from marathon, half-marathon and five kilometer (5K) 
participants, without the cost of organizing their own event.  

"We are thrilled with Scotiabank's renewed commitment," said Race Director 
Alan Brookes, of RCP International, owners of the event. "Scotiabank has 
been a marvelous sponsor for nine years and this new commitment will allow 
us to sustain a fast-growing international marathon and community 
festival." 

The Scotiabank Toronto Waterfront Marathon has attracted international 
acclaim with exciting moments like the world-record-breaking marathon time 
of five hours and 40 minutes set in 2003 by 92-year-old Fauja Singh, of 
Britain. Ed Whitlock also raised the bar in 2004 when the 73-year-old 
Canadian crossed the finish line in an astounding 2:54:49. 

Scotiabank is committed to supporting the communities in which we live and 
work, both in Canada and abroad. Recognized as a leader internationally and 
among Canadian corporations for its charitable donations and philanthropic 
activities, in 2005 the Bank provided more than $40 million in sponsorships 
and donations to a variety of projects and initiatives, primarily in the 
areas of healthcare, education and social services. Scotiabank is on the 
World Wide Web at www.scotiabank.com.

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