SLX VanEck Steel ETF

NEW YORK, April 10 /PRNewswire/ -- New York-based investment manager Van Eck Global today announced that the Securities and Exchange Commission (SEC) has declared effective the prospectus for Market Vectors-Global Alternative Energy ETF and Market Vectors-Russia ETF as of April 9, 2007. The new Market Vectors ETFs are expected to be launched on the New York Stock Exchange later in the second quarter of 2007. Options are expected to be available on both ETFs. Market Vectors-Global Alternative Energy ETF (NYSE:GEX) will seek to replicate as closely as possible, before fees and expenses, the price and yield performance of the Ardour Global Index(SM) (Extra Liquid) (AGIXL). The index is published by Ardour Global Indexes(SM), LLC, and is calculated by Dow Jones Indexes. It includes the stocks of 30 publicly traded companies engaged in the entire chain of alternative energy production, including alternative energy fuels and resources (solar, wind, bio-fuels, water and geothermal), environmental technologies, energy efficiency and enabling technologies. Market Vectors-Russia ETF (NYSE:RSX) is the first and only Russia ETF listed in the U.S. It will seek to replicate as closely as possible, before fees and expenses, the price and yield performance of the DAXglobal(R) Russia+ Index (DXRPUSP). This index is calculated and maintained by Deutsche Borse AG and is comprised of the stocks of 30 publicly traded companies domiciled in Russia and traded on global exchanges. Founded in 1955, Van Eck Global was among the first U.S. money managers helping investors achieve greater diversification through global investing. As of February 28, 2007, the company managed over $4.8 billion in assets for individuals, insurers and institutional investors. The two new ETFs will join three other Van Eck Market Vectors ETFs already in the market: Environmental Services (AMEX:EVX). Gold Miners (AMEX:GDX) and Steel (AMEX:SLX). About Ardour Global Indexes(SM), LLC Ardour Global Indexes(SM), LLC was founded in 2005 for the express purpose of developing benchmarking tools for the global alternative energy industry. It is a partnership between Ardour Capital Investments(SM), a premier investment bank specializing in alternative energy finance, and S-Network Energy Technologies(SM), LLC, a developer of indexes and investment products focused on both traditional and alternative energy. "Ardour Global Indexes(SM), LLC", "ARDOUR GLOBAL INDEX(SM)" (Composite), ARDOUR COMPOSITE(SM)", "ARDOUR GLOBAL INDEX(SM) (Extra Liquid)", "ARDOUR GLOBAL ALTERNATIVE ENERGY INDEXES(SM)", "ARDOUR FAMILY(SM)", are service marks of Ardour Global Indexes(SM), LLC and have been licensed for use by Van Eck Associates Corporation. Market Vectors-Global Alternative Energy ETF is not sponsored, endorsed, sold or promoted by Ardour Global Indexes(SM), LLC and Ardour Global Indexes(SM), LLC makes no representation regarding the advisability of investing in Market Vectors-Global Alternative Energy ETF. The Ardour Global Alternative Energy Index(SM), is calculated by Dow Jones Indexes. Van Eck's Market Vectors-Global Alternative Energy ETF, based on the Ardour Global Index(SM) (Extra Liquid), is not sponsored, endorsed, sold or promoted by Dow Jones Indexes, and Dow Jones Indexes makes no representation regarding the advisability of investing in such product(s). About Deutsche Borse AG Deutsche Borse Group offers more than a marketplace for trading shares and other securities. It is a transaction services provider with advanced technology to afford companies and investors access to global capital markets. Deutsche Borse has a broader basis than any of its competitors. Its product and services mix cover the entire process chain: securities and derivatives trading, transaction settlement, provision of market information as well as the development and operation of electronic trading systems. With its process-oriented business model, Deutsche Borse increases capital markets efficiency. Issuers benefit from low capital costs and investors enjoy the advantages of high liquidity and low transaction costs. The DAXglobal(R) Russia+ Index (DXRPUSP) is a registered trademark of the Deutsche Borse AG which is licensed for use by Van Eck Associates Corporation in connection with the Fund. The ETF is not sponsored or endorsed by the Deutsche Borse and the Deutsche Borse makes no warranty or representation as to the accuracy and/or completeness of the Index or the results to be obtained by any person from the use of the Index in connection with the trading of the Fund. About Van Eck Global Founded in 1955, Van Eck Associates Corporation was among the first U.S. money managers helping investors achieve greater diversification through global investing. Today, the firm continues its 50+ year tradition by offering global investment choices in hard assets, emerging markets, precious metals including gold, and other specialized asset classes. Van Eck Global's investment products are designed for investors seeking innovative choices for portfolio diversification. They are often categorized in asset classes having returns with low correlations to those of more traditional U.S. equity and fixed income investments. Investors may call 1.888.MKT.VCTR or visit http://www.vaneck.com/etf for a free prospectus or for the performance information current to the most recent month end for each Market Vectors ETF. Investors should consider the investment objective, risks and charges and expenses carefully before investing. The prospectus contains this and other information about each Market Vectors ETF. Please read the prospectus carefully before investing. There are risks associated with investing including the possible loss of principal. DATASOURCE: Van Eck Global CONTACT: Mike MacMillan, , or Andrew Schiff, of MacMillan Communications, +1-212-473-4442, for Van Eck Global Web site: http://www.vaneck.com/etf

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