West Shore RCMP Const. Alex Berube said Tuesday that police are looking for the man to tell him his good deed has spurred people to donate to a fundraising effort that's already hit $1,400.
Berube said police patrols are keeping watch for the man, who has no fixed address but is known in the community of Langford, just west of Victoria.
He said police have had numerous media requests to allow the man to tell his story, but he hasn't been located.
Mounties will ask him to make a public statement, Berube said.
"If he's not too humble we'll set up a media conference," he said.
Police said earlier that the man, who is in his 60s, recently found the cash and brought it to the RCMP detachment.
Mounties said it's unusual for such a large amount of money to be turned in, but the man's situation makes it even more surprising.
RCMP said the man handed over the money because he felt it was the right thing to do.
Police will return the money to him if no one claims it within 90 days.
Berube said several people have called the detachment laying claim to the cash, but have not been able to provide specific details about the denominations or where the money could have been found.
The fundraising campaign is on the media website Victoria Buzz.
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