Cash receipts attributable to the Partnership's Net Profits Interestsduring the first quarter totaled $5,410,000. These receipts generallyreflect oil and gas sales from the properties underlying the Net ProfitsInterests during November 2007 through January 2008. Approximately $313,000of gross capital expenditures, primarily attributable to drilling andcompletion activity, was paid by the owner of the working interests in theproperties underlying the Net Profits Interests during December 2007through February 2008. Cash receipts attributable to the Partnership'sRoyalty Properties during the first quarter totaled $12,519,000. Thesereceipts generally reflect oil sales during December 2007 through February2008 and gas sales during November 2007 through January 2008.

The Partnership received approximately $290,000 of other cash receiptsduring the first quarter and identified 79 new wells completed on thePartnership's Net Profits Interests and Royalty Properties located in 34counties and parishes in six states.

Dorchester Minerals, L.P. is a Dallas-based owner of producing andnon-producing oil and natural gas mineral, royalty, overriding royalty, netprofits, and leasehold interests located in 25 states. Its common unitstrade on the NASDAQ Global Select Market under the symbol DMLP.

FORWARD-LOOKING STATEMENTS

Portions of this document may constitute "forward-looking statements" asdefined by federal law. Such statements are subject to certain risks,uncertainties and assumptions. Should one or more of these risks oruncertainties materialize, or should underlying assumptions proveincorrect, actual results may vary materially from those anticipated,estimated or projected. Examples of such uncertainties and risk factorsinclude, but are not limited to, changes in the price or demand for oil andnatural gas, changes in the operations on or development of thePartnership's properties, changes in economic and industry conditions andchanges in regulatory requirements (including changes in environmentalrequirements) and the Partnership's financial position, business strategyand other plans and objectives for future operations. These and otherfactors are set forth in the Partnership's filings with the Securities andExchange Commission.