Exhibit 99.1

Natural Resource Partners L.P.
601 Jefferson St., Suite 3600, Houston, TX 77002

NEWS RELEASE

Natural Resource Partners L.P.
Increases Distribution
And Issues 2008 Guidance

HOUSTON, January 16, 2008 – Natural Resource Partners L.P. (NYSE:NRP) today announced that the Board of Directors of its general partner has declared a fourth quarter 2007 distribution of $0.485 per unit for NRP, an increase of $0.01 in its quarterly distribution. The distribution will be paid on February 14, 2008 to unitholders of record on February 1, 2008. This makes the eighteenth consecutive quarter that NRP has increased its distribution.

2008 Guidance

“Revenues and distributable cash flow will be significantly higher in 2008 due to increased production from several mines and significant increases in coal transportation throughput,” said Nick Carter, President and Chief Operating Officer. “Additionally, in general our lessees are reporting increased sales prices on both metallurgical and steam coal.”

For 2008, NRP expects to generate between $167 million and $184 million in distributable cash flow, up over 20% from the midpoint of NRP’s current 2007 guidance. As in the past, distributable cash flow is shown net of principal payments on its debt, which in 2008 are scheduled to be $23.2 million, up from $13.4 million in 2007. “NRP, unlike most MLPs, is amortizing its debt, which reduces its distributable cash flow. Distributable cash flow, before principal payments, is forecasted to range from approximately $190 million to $207 million,” said Dwight Dunlap, Chief Financial Officer.

Total revenues are also forecasted to increase over 20% from the current 2007 guidance to between $242 million and $277 million. Approximately 75% of total revenues will be generated from coal royalty revenues, ranging from $187 million to $207 million based on coal royalty revenue per ton between $3.09 and $3.27. Production volumes are expected to be between 57 million tons and 67 million tons and are more heavily weighted towards the second half of the year, as new mines ramp up production. Transportation fees are forecasted to nearly triple in 2008 to a range of $14 million to $16 million. Approximately 23% of NRP’s production and 30% of its coal royalty revenues

NRP Increases Distribution and Issues 2008 Guidance Page 2 of 4

should be derived from metallurgical coal, with the increased percentage in anticipated revenues resulting from improved pricing.

The following table includes further details regarding guidance for 2008. Consistent with its past practice, NRP will review the guidance throughout the year and provide updated information as appropriate.

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 coal properties, 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 also manages aggregate reserves, oil and gas properties and timber assets across the United States.

For additional information, please contact Kathy H. 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.

This press release may include “forward-looking statements” as defined by the Securities and Exchange Commission. Such statements include the anticipated coal royalty revenues, coal production, operating expenses, net income and other items listed on the following table. All statements 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.

08-01

- table follows-

NRP Increases Distribution and Issues 2008 Guidance Page 3 of 4

Natural Resource Partners L.P.
Guidance
(dollars and tons in millions except per unit amounts)

	Full Year 2008
	(Range)
Revenues
Coal royalty revenues	$	186.5	—		207.0
Aggregate revenues		7.0	—		9.0
Override royalties		10.0	—		13.0
Oil and gas royalties		4.5	—		5.5
Coal processing fees		7.0	—		9.0
Coal transportation fees		14.0	—		18.0
Property taxes		9.0	—		10.0
Other revenues (1)		4.0	—		5.0
Total Revenues	$	242.0	—	$	276.5
Expenses
Depreciation, depletion, and amortization	$	70.0	—	$	75.0
General and administrative		16.5	—		18.5
Property, franchise and other taxes		12.0	—		13.5
Coal transportation expenses		1.3	—		1.5
Coal royalty and override payments		10.5	—		12.0
Total operating expenses		104.3	—		113.5
Interest expense (net)	$	22.0	—	$	25.0
Net income	$	120.0		$	132.0
Net income per unit	$	1.40	—	$	1.55
Principal payments	$	23.2	—	$	23.2
Distributable cash flow (2)	$	167.0	—	$	184.0

(1)

Other revenues consist of minimums recognized as revenue, wheelage, rentals and timber.

(2)

Distributable cash flow represents net income plus depletion and amortization minus principal payments. Distributable cash flow is a “non-GAAP financial measure” that is presented because management believes it is a useful adjunct to net cash provided by operating activities under GAAP. Distributable cash flow is a significant liquidity metric that is an indicator of NRP’s ability to generate cash flows at a level that can sustain or support an increase in quarterly cash distributions paid to its partners. Distributable cash flow is also the quantitative standard used throughout the investment community with respect to publicly-traded partnerships. Distributable cash flow is not a measure of financial performance under GAAP and should not be considered as an alternative to cash flows from operating, investing or financing activities. We believe that “net cash provided by operating activities” would be the most comparable financial measure to distributable cash. However, due to the substantial uncertainties associated with forecasting future changes to operating assets and liabilities, we cannot provide guidance on forward-looking net cash provided by operating activities or provide reconciliations of distributable cash flow to that measure.

NRP Increases Distribution and Issues 2008 Guidance Page 4 of 4

Guidance continued

	Full Year 2008
	(Range)
Regional Statistics
Coal royalty production (tons)
Northern Appalachia		6.0	—		7.5
Central Appalachia		35.0	—		40.0
Southern Appalachia		4.0	—		5.0
Appalachia		45.0	—		52.5
Illinois Basin		6.5	—		8.0
Northern Powder River Basin		5.5	—		6.5
Total		57.0	—		67.0
Coal royalty revenues
Northern Appalachia	$	17.5	—	$	21.0
Central Appalachia		125.0	—		135.0
Southern Appalachia		17.0	—		19.5
Appalachia	$	159.5	—	$	175.5
Illinois Basin		17.0	—		19.0
Northern Powder River Basin		10.0	—		12.5
Total	$	186.5	—	$	207.0
Average coal royalty revenue per ton
Northern Appalachia	$	2.80	—	$	2.92
Central Appalachia		3.38	—		3.57
Southern Appalachia		3.90	—		4.25
Appalachia	$	3.34	—	$	3.54
Illinois Basin		2.38	—		2.62
Northern Powder River Basin		1.82	—		1.92
Total	$	3.09	—	$	3.27
Aggregates
Production (tons)		5.0	—		5.6
Revenues	$	7.0	—		9.0
Average royalty revenue per ton	$	1.40	—	$	1.61

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