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Natural Resource Partners L.P. Acquires Aggregate Reserves in Texas


HOUSTON, July 16 /PRNewswire-FirstCall/ -- Natural Resource Partners L.P. (NYSE: NRP) today announced that it has acquired limestone reserves from Blue Star Materials, LLC. Total expected acquisition costs are expected to be approximately $24 million, $9 million of which was funded at closing. The remainder will be funded during 2009 based upon various performance criteria. The acquisition will be funded through NRP's credit facility.

The limestone reserves are located on a 121-acre site northwest of the Dallas-Fort Worth area in Wise County, TX. The production facilities will be owned and operated by Blue Star and NRP will be paid a royalty upon the sale of the production. The reserves are currently under development and are anticipated to be in production in early 2010 as demand begins to increase due to several major infrastructure projects scheduled for the DFW area.

"In April 2008Dennis Coker joined NRP as the Vice President - Aggregates. Dennis brought to NRP his years of experience in the aggregates industry and a large network of contacts. In the last year he has been focused on educating the industry about Natural Resource Partners and our desire to increase our royalty business plan in aggregates. We expect this transaction to be one of a series of acquisitions that will increase our exposure to aggregates and further diversify our income stream," said Nick Carter, President and Chief Operating Officer of NRP.

Company Profile

Natural Resource Partners L.P. is headquartered in Houston, TX, with its operations headquarters in Huntington, WV. NRP is a master limited partnership that is principally engaged in the business of owning and managing mineral reserve properties. NRP owns coal reserves and coal handling and transportation infrastructure in the three major coal producing regions of the United States: Appalachia, the Illinois Basin and the Powder River Basin. In addition, the partnership owns and manages aggregate reserves in Texas, West Virginia and Washington.

For additional information, please contact Kathy H. Roberts at 713-751-7555 or Further information about NRP is available on the partnership's website at

Forward-Looking Statements

This press release may include "forward-looking statements" as defined by the Securities and Exchange Commission. Such statements include the commencement of production from the aggregate reserves. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the partnership expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made by the partnership based on its experience and perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the partnership. These risks include, but are not limited to, decreases in demand for coal; changes in operating conditions and costs; production cuts by our lessees; commodity prices; unanticipated geologic problems; changes in the legislative or regulatory environment and other factors detailed in Natural Resource Partners' Securities and Exchange Commission filings. Natural Resource Partners L.P. has no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

SOURCE  Natural Resource Partners L.P.

    -0-                           07/16/2009
    /CONTACT:  Kathy H. Roberts of Natural Resource Partners L.P.,
             PRN Photo Desk,
    /Web Site: /

CO:  Natural Resource Partners L.P.; Blue Star Materials, LLC

ST:  Texas, West Virginia

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4581 07/16/200908:29 EDT

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