X0202 4 2005-06-10 0 0000025657 CRESTED CORP CBAG 0001065876 LORIMER R SCOTT 877 NORTH 8TH WEST RIVERTON WY 82501 0 1 0 0 TREASURER / CFO $.001 Par Value Common Stock 15000 D $.001 Par Value Common Stock 60000 I By Plateau Resources $.001 Par Value Common Stock 100000 I By Sutter Gold $.001 Par Value Common Stock 12024733 I By U.S. Energy 2004 ISOP Right to Buy(2005) 1.710 2005-06-10 4 J 0 200000 0 A 2005-06-10 2015-06-09 $.001 Par Value Common Stock 200000 200000 D Includes 15,000 shares held directly by the Reporting Person. Consists of shares held by Plateau Resources Limited (Plateau), a wholly-owned subsidiary of USEG. The Reporting Person is an officer and/or director of both Crested and Plateau. The Reporting Person is not a controlling shareholder and does not have a pecuniary interest in the Crested shares held by Plateau under Rule 16a-1(a)(2)(iii). Consists of shares held by Sutter Gold Mining Company (SGMC), a subsidiary of Crested Corp. (Crested). The Reporting Person is an officer and/or director of both SGMC and Crested. The Reporting Person is not a controlling shareholder and does not have a pecuniary interest in the Crested shares held by SGMC under Rule 16a-1(a)(2)(iii). Consists of shares held by U.S. Energy Corp. (USE), the parent of Crested Corp. (Crested). The Reporting Person is an officer and/or director of both USE and Crested. The Reporting Person is not a controlling shareholder and does not have a pecuniary interest in the Crested shares held by USE under Rule 16a-1(a)(2)(iii). Includes stock options granted under the Issuer's 2004 Incentive Stock Option Plan and exempt under Rule 16b-3. /s/ LORIMER, ROBERT SCOTT 2006-04-12