Market Overview

Natural Resource Partners Declares Second Quarter 2018 Distributions

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

The Board also declared a second quarter cash distribution on NRP's
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 kroberts@nrplp.com. Further
information about NRP is available on the partnership's website at http://www.nrplp.com.

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