/R E P E A T -- Scotiabank to announce second quarter results/

TORONTO, May 25 /CNW/ - Scotiabank will announce details of its second quarter results on Tuesday, June 1, 2010.

Second Quarter Results News Release
    -----------------------------------

    -   A news release of the second quarter results will be issued in Canada
        over Canada NewsWire and in the U.S. over PR Newswire at
        approximately 7:15 a.m. EST on Tuesday, June 1, 2010.

    Second Quarter Results Conference Call
    --------------------------------------

    -   The conference call will take place on Tuesday, June 1, 2010 at
        2:00 p.m. EST and is expected to last approximately one hour.

    -   Interested parties are invited to access the call live, in
        listen-only mode:
        -  Via telephone, toll-free, at 1-800-814-4860 (please call five to
           15 minutes in advance).
        -  Via the Internet on the Investor Relations page of
           www.scotiabank.com.

    -   During the call, listeners may also wish to refer to the Quarterly
        Results information displayed on the Investor Relations page of
        www.scotiabank.com.

    -   Following discussion of the results by Scotiabank Executives, there
        will be a question and answer session. Listeners are also invited to
        submit questions by e-mail to investor.relations@scotiabank.com.

    Conference Call Archive
    -----------------------

    -   A telephone replay of the call will be available between June 1, 2010
        and June 15, 2010 by calling 416-640-1917 or 1-877-289-8525
        (identification code 4299399 followed by the number sign).

    -   The archived audio webcast will be available on the Investor
        Relations page of www.scotiabank.com from approximately 6:00 p.m. EDT
        on June 1, 2010 for three months.

Scotiabank is one of North America's premier financial institutions and Canada's most international bank. With close to 68,000 employees, Scotiabank Group and its affiliates serve approximately 14.6 million customers in some 50 countries around the world. Scotiabank offers a diverse range of products and services including personal, commercial, corporate and investment banking. With more than $507 billion in assets (as at January 31, 2010), Scotiabank trades on the Toronto (BNS) and New York Exchanges (BNS). For more information please visit www.scotiabank.com.

For further information: Lauren Mostowyk, Scotiabank Public Affairs, (416) 866-6806; Peter Slan, Scotiabank Investor Relations, (416) 933-1273