GDX VanEck Gold Miners ETF

NEW YORK, Sept. 12 /PRNewswire/ -- The Amex Gold Miners Index (GDM) gained 4.7 percent in August and 23.7 percent for the eight months ending August 31, 2006.* GDM is a modified market capitalization-weighted index that is comprised of the common stocks or ADRs of publicly traded companies involved primarily in the mining of gold and silver. As of August 31, 2006, GDM included 45 securities. The combined market capitalization of its constituents is approximately $150 billion and its beta** to gold bullion is 2.03. The Market Vectors -- Gold Miners ETF (AMEX:GDX) is an exchange-traded fund that seeks to replicate, as closely as possible, before fees and expenses, the price and yield performance of GDM. GDX generally holds all of the securities that comprise GDM in proportion to their weighting in GDM. Since its inception on May 16, 2006, the NAV of GDX has gained 2.06 percent while gold bullion lost 9.14 percent. In August, the NAV of GDX gained 4.71 percent*** while gold bullion lost 1.48 percent. Since it started trading, GDX has had average daily trading volume of over 529,000 shares. It had approximately $237 million in assets as of August 31, 2006. Options on GDX are listed on the Amex, CBOE, and Archipelago. GDX options volume was 15,055 for the four weeks ending September 1, 2006, up more than 27 percent from the 11,786 contracts traded during the four weeks ending August 4, 2006. GDX is rebalanced quarterly according to any reconstitution of GDM. The last rebalancing took place on June 16, 2006 pursuant to which Great Basin Gold Kimber Resources and Vista Gold were added to the portfolio and Entree Gold was removed. The next rebalancing will occur on September 15, 2006. *Past performance does not guarantee future results. GDM's return does not represent the performance of any fund. GDM does not charge any fees, including management fees or brokerage expenses, and no such fees or expenses were deducted from the performance shown. Investors cannot invest directly in GDM. **Beta: A quantitative measure of volatility relative to a benchmark. A beta above 1 indicates greater volatility than the benchmark, while a beta below 1 indicates less volatility. ***Performance data quoted represents past performance which is not a guarantee of future results. Current performance may be higher or lower than performance quoted. Investment returns and principal value will fluctuate and shares, when sold, may be worth more or less than their original value. Please call 1-888-MKT-VCTR or visit http://www.vaneck.com/gdx for the most recent month-end performance. This information will be available no later than seven business days after the most recent month end. About Exchange-Traded Funds ETFs are passively managed baskets of securities that trade in a manner similar to stocks. They have grown in popularity as investment tools because of their relatively low expense ratios and the tax efficiency they offer compared to most mutual funds. Investors can buy and sell ETFs intra-day and they can hold them both long and short, offering the opportunity to prosper from both bear and bull markets. About the American Stock Exchange The American Stock Exchange LLC (Amex(R)) currently leads the industry in ETF listings with more than $200 billion in assets under management in 167 ETFs. The Amex is the only primary exchange that offers trading across a full range of equities, options and ETFs, including structured products and HOLDRS(SM). In addition to its role as a national equities market, the Amex is the pioneer of the ETF, responsible for bringing the first domestic product to market in 1993. The Amex is also one of the largest options exchanges in the U.S., facilitating the trading of options on broad-based and sector indexes as well as domestic and foreign stocks. For more information, please visit http://www.amex.com/. About Van Eck Global Founded in 1955, Van Eck Global was among the first U.S. money managers to help investors achieve greater diversification through global investing. In 1968, it introduced the nation's first gold mutual fund. 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 mutual funds and ETF are sold nationwide through retail brokers, financial planners and investment advisors. 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. Van Eck Global also offers separate accounts and alternative investments. In addition, it offers the Worldwide Insurance Trust Fund, a series of investment choices within the variable annuity contracts and variable life policies of widely known and highly regarded insurers. As of August 1, 2006, the company managed over $3.8 billion. About the Amex Gold Miners Index The Amex Gold Miners Index (GDM) is a modified market-capitalization- weighted index comprised of common stocks or ADRs of publicly traded companies involved primarily in the mining for gold and silver. As of August 31, 2006, GDM included 45 securities. The Amex launched GDM in 2004 and its performance history dates to September 1993. GDM is calculated using a modified market capitalization weighting methodology. Only companies with a market capitalization greater than $100 million that have had an average daily trading volume of at least 50,000 shares over the past six months are eligible for inclusion in GDM. The weight of any single component stock may not account for more than 20% of the total value of GDM and the aggregate weight of those component stocks which individually represent more than 4.5 percent of the total value of GDM may not account for more than 50 percent of GDM's total value. GDM composition and share weightings are reviewed quarterly. The value of GDM is disseminated every 15 seconds between the hours of approximately 9:30 am and 4:15 pm Eastern Time. For a more complete description of GDM, please read the GDX prospectus. The Amex Gold Miners Index is a trademark of the Amex, which is licensed for use by Van Eck Associates Corporation in connection with GDX. GDX is not sponsored or endorsed by the Amex and the Amex makes no warranty or representation as to the accuracy and/or completeness of GDM or the results to be obtained by any person from the use of GDM in connection with the trading of GDX. Investors may call 1.888.MKT.VCTR or visit http://www.vaneck.com/gdx for a free prospectus. Investors should consider the investment objective, risks, and charges and expenses of GDX carefully before investing. The prospectus contains this and other information about GDX. Please read the prospectus carefully before investing. Van Eck Securities Corporation, Distributor, 99 Park Avenue, New York, NY 10016 DATASOURCE: Van Eck Global CONTACT: Mike MacMillan/Andrew Schiff of MacMillan Communications, +1-212-473-4442, Web site: http://www.vaneck.com/gdx http://www.amex.com/

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