Natural Resource Partners Declares First Quarter 2018 Distributions

HOUSTON–(BUSINESS WIRE)–Natural Resource Partners L.P. (NYSE: NRP) today announced that
the Board of Directors of its general partner declared a first quarter
2018 distribution of $0.45 per common unit for NRP. The distribution
will be paid on May 14, 2018 to unitholders of record on May 7, 2018.

The Board also declared a first quarter cash distribution on NRPÔÇÖs 12.0%
Class A Convertible Preferred Units, totaling $7.5 million.

Company Profile

Natural Resource Partners L.P., a master limited partnership
headquartered in Houston, TX, is a diversified natural resource company
that owns interests in coal, aggregates, and industrial minerals
across the United States. A large percentage of NRP's revenues are
generated from royalties and other passive income. In addition, NRP owns
an equity investment in Ciner Wyoming, a trona/soda ash operation and
owns a construction aggregates company.

Withholding Information for Foreign Investors

This release is intended to be a qualified notice under Treasury
Regulation Section 1.1446-4(b). Brokers and nominees should treat one
hundred percent (100.0%) of NRP's distributions to foreign investors as
being attributable to income that is effectively connected with a United
States trade or business. Accordingly, NRP's distributions to foreign
investors are subject to federal income tax withholding at the highest
applicable rate.

For additional information please contact Kathy Roberts at 713-751-7555
or [email protected]. Further
information about NRP is available on the partnershipÔÇÖs website at http://www.nrplp.com.

Contacts

Natural Resource Partners L.P.
Kathy Roberts, 713-751-7555
[email protected]