Catriona White saved the young boy from drowning but has ended up with parking fines and a financial hit.
During the daring rescue in Glasgow's Queen's Park, her car keys fell out of her pocket landing on the bottom of the pond.
Unable to move her car, Catriona received two parking tickets.
Instead of being rewarded for her good deed, Catriona is now facing the cost of replacing keys she lost in the water as well.
Now she is appealing for help - both to Glasgow City Council and for help in retrieving the keys.
The 43-year-old, from King's Park, said: "It was only when I climbed out of the water that I realised my phone and my key chain, which holds all my car and apartment keys, was gone.
"Because I didn't have the keys I couldn't move my car and the towing company wouldn't move it without a key either - it was stuck.
"I've had two parking tickets, which I'm really hoping the council will allow me to appeal.
"But it's also really important that I get my keys back. Two of them are irreplaceable."
Catriona had been in Queen's Park, on the South Side, with her mother-in-law, sister-in-law and six-year-old nephew James Nichol.
While the three women chatted, James was playing near the water.
Catriona had warned the schoolboy to take care - but he slipped and fell in. The youngster, who can't swim, panicked and Catriona ran to pull him out of the water.
She said: "It happened so quickly. The odd thing was that his mother and I were just talking about how none of her children can swim when I looked up and saw him slip into the water.
"I've never moved so fast. He was panicking and I just saw his head about to slip beneath the water. I managed to get him over to the side and lift him out but then I realised my keys and phone were on the bottom of the pond."
Catriona and her husband Craig Nichol returned to the park to try and find the keys but had no luck.
Her car was parked on Pollokshaws Road and, despite calling the council to explain the situation, she was still hit with two tickets.
The Chevrolet has now been towed to Catriona's house and she found a company to make a replacement key - although it cost £140.
She has since been back to the park with Craig, 25, a security worker, but they have failed to find the keys.
Catriona added: "Every time we go we have to explain to the people at the side exactly what we're doing - we're now the crazy park people.
"If I don't find the keys for the outside door then I will lose my £500 deposit to my landlord, so it's really important we get them back.
"I wonder if there's someone out there with a metal detector or something like that who would be able to track them down.
"I'll take any help that anyone is able to give us and I'm happy to pay."
A spokesman for Glasgow City Council said appealing the parking tickets was the correct procedure to follow.